Obama's view of the future of America - Socialism which is the next step to Communism!! He admitted to Joe the Plumber than he wanted to spread the wealth! He said that he wanted to make everyone equal! Is America ready for Socialism? The Iranian president, Ahmadinejad, said today that he is glad to see the end to capitalism in America!! Are you glad?????
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Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.
The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."
Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.
Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.
Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.
Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.
It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.
Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luckbeing in the right place at the right time or the wrong place at the wrong time? R. R. Pope}
MONEY CULTURE
Daniel Gross
Dead Weight
Why the global economy can't power on as the U.S. stalls
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"Decoupling," a promising economic idea imported from abroad, lasted a little longer than Coupling, an exciting entertainment imported from abroad. Coupling is a British sitcom that NBC adapted with much fanfare and cancelled after four episodes. "Decoupling" is the notion that the rest of the global economy could power ahead even as its biggest single motor, the United States, stalled. Decoupling was trumpeted by many of the international grandees at the World Economic Forum in Davos, Switzerland, last January and gained currency in certain circles (including the one surrounding my desk). But now it, too, seems to have been cancelled.
According to the original decoupling theory, globalization is moving into its next phase. The United States, which accounts for about 30 percent of the global economy, still matters, but global trade isn't simply manufacturing goods in China and sending them to the United States. With the emergence of giants like Brazil, Russia, India, and China (BRIC), global economic growth would rise as these countries increasingly traded with each other and as they grew vast domestic markets populated by middle-class consumers. So if the United States lagged, the BRIC houses would surely slow down, but they'd still clip along at an enviable rate—say, 7 percent or 8 percent GDP growth for India, instead of 9 or 10 percent. Decoupling has strong political overtones, too. With the erstwhile hegemony struggling with self-inflicted economic (subprime) and geopolitical (Iraq, Dick Cheney) wounds, the rest of the world was busy getting on with its affairs. In a decoupled world, the United States would no longer determine the fate of the globe.
Decoupling worked well for a few minutes. In the first half of 2008, as U.S. financial institutions teetered and data on retail sales, employment, and growth disappointed, the rest of the world seemed to be humming along. But in recent weeks, there's been a shift. The data flow from the United States has remained largely negative. But the international news suggests that we Americans are no longer in the soup alone.
The Eurozone and the United Kingdom now appear to be in recession—or in something very close to it. Eurostat last week reported that the economy of the 15-nation Eurozone shrank modestly in the second quarter while the EU-27 zone, which includes the United Kingdom and faster-growing Eastern European countries, eked out an extremely slim gain. The economies of both Germany and Japan contracted in the second quarter. In September, the Organization for Economic Cooperation and Development updated its 2008 growth projections. And, voilà, the United States was transformed from the weakling of the G-7 (the OECD's June projections had the United States growing more slowly than the other big economies) to the strongman.
In the second quarter, the G-7 economies were hampered in large part by skyrocketing prices for commodities like metals, oil, and coal. But recent data shows that even geologically blessed nations are slamming on the brakes, too. Australia's commodity-based economy, which is tightly integrated with Asia, has been growing for 17 straight years. But in the second quarter, as the Australian Bureau of Statistics recently reported, Australia grew only 0.3 percent.
Russia is being hit by a double whammy—falling prices for its biggest exports (oil, natural gas, metals) and a negative reaction to its invasion of Georgia. Russia's stock market has fallen 40 percent since May. And as the Financial Timesreported this week, a Russian credit crunch is taking hold.
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