New Business Failures

I’m going to guess they started after the depression because the drop in income for a household (a high of 25% unemployment) skews the outcome they obviously wanted.

In other words, if you were born in the 40s your parents income was drastically affected by the depression and your’s was earned during a period of growth. The opposite is true if you were born in the 80s (you hit the recession early in your career).

Because Denmark isn’t a communist dictatorship?

"I know that some people in the US associate the Nordic model with some sort of socialism. Therefore I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy,”

  • The Prime Minister of Denmark

Capitalism is an economic system in which capital goods are owned by private individuals or businesses. The production of goods and services is based on supply and demand in the general market (market economy), rather than through central planning (planned economy or command economy).

2 Likes

One Lambo per citizen. To the moon!

Seriously. I literally came from nothing, and had to pay for my dads funeral and burial expenses (no intergenerational wealth). Now, with a house, a couple of cars, some other cushy features of life I can honestly say that my needs are fulfilled and wants are very few.

4 Likes

The 40’s! That’s when my dad grew up. He used to regale me with stories of buying groceries with coal scrip, growing your own food so that you had some, and pooping in a little room outside.

So I guess over all quality of life or the ability to obtain the niceties weren’t a factor. The sheer level of overall economic, social, and technological advancement makes the comparison invalid to me.

2 Likes

It was born in the 40s so we’re talking about folks employed beginning in 58ish. Their parents (born in the 20s) weren’t included as far as I can tell.

That’s an interesting jump to conclusions there…I’d be obliged if you can walk me through the logic you used to arrive to where you did…

Please be more specific about what way that is…

If not for the US, someone else would need to buy 30% of their exports…

Gotcha - I’m sure that’s exactly what Zep-iddy Do Da was going to say

Come on, man…

"Others close to Chavez managed to build up great personal wealth that was kept outside the petrostate.

“Alejandro Andrade, who served as Venezuela’s treasury minister from 2007 to 2010 and was reportedly a close associate of Chavez, was discovered to have $11.2billion in his name sitting in HSBC accounts in Switzerland, according to documents leaked by whistleblower Hervé Falciani.”

How much more money stolen from The People has not been found yet? I told you. You don’t need corporations to steal money if you’re the government. You just need power.

All this shit was PREDICTABLE if you know history. It’s 2018 and shit like this is now being uncovered in real time in Malaysia. And Malaysia isn’t even socialist. You just need Big Government to do this.

Socialism will eat itself on it’s own. They don’t need help to do that.

2 Likes

I’m no fan of government twisting arms and forcing hands, but if those are liquid cash assets, there has to be a way to take that money from them and return it to the people of Venezuela.

I don’t know how, in any attempt at a rational or just world, they can be allowed to stack billions in foreign banks while the people they steal from are literally starving in the streets and being killed by national police.

3 Likes

Yeah. I don’t even know what to say other than PEOPLE suck.

Yeah. I was about to start a tirade about the UN and EU aiding and abetting these pieces of shit, but your phrasing is much more succinct.

1 Like

Do you realize how many people on both sides of the isle don’t know the difference between:

Socialism: collective ownership of the means of production and redistribustion.

And

Mixed exonomy: market capitalist economy, high taxes to fund the social safety net/hammock programs.

It’s astounding to me.

3 Likes

They don’t even understand what “owning the means of production” really means.

The entire COUNTRY owns the means of production in your workplace. NOT just the workers in the place. Which means the place has NO AUTONOMY to make decisions because everything is CENTRALLY PLANNED. That is the only way the “Will of the People” can be expressed and not just the workers working in a single workplace. The State will make all the decisions for them by proxy. “Democracy” will be limited to elections every couple of years if the State doesn’t pull a China on you.

3 Likes

Maybe not, but what has been the result?

Yet, this says otherwise.

To the extent it can be explained, what reasons do you cite?

But it was much better before and is disappearing within the current system. Is this a good thing?