There is no democracy — which is the natural essence of socialism. First you have to establish real socialism, set the table, create the needed surplus, and then the state can dissolve — which may takes generations.
Some people continue to defend trickle-down theories, which assume [? This opinion, which has never been confirmed by the facts [! Pope Francis IEvangelii Gaudium, "The Joy of the Gospel," November 26,exclamations and questions added, The European Dream, with its emphasis on collective responsibility and global consciousness Jeremy Rifkin, "The European Dream," Europe is an economic success, and that success shows that social democracy works.
Guess a Nobel [i. Like them, he has driven the U. Then again, neither of his predecessors had such visible evidence of where social democracy ultimately leads.
Referendum on Europe," The Wall Street Journal, Tuesday, January 3, Economists agree that a large capital stock is a key ingredient for prosperity, as it expands our productive capacity and raises worker productivity, which in turns increases wages and consumer purchasing power.
Our capital stock is comparatively much smaller today than it was before the Great Depression.
Where there is investment -- a new factory or distribution facility being built, a new store about to open, new software being installed -- that is where new jobs are created. It is no coincidence that during this period of subpar growth, private capital investment as a percentage of our economy is at post-World-War II lows.
Walter WristonCiticorp Chairman, All economic problems are about removing impediments to supply, not demand. But Keynes, unlike many of his followers, was not a man of the left.
Barro Harvard"Keynesian Economics vs. Regular Economics," The Wall Street Journal, Wednesday, August 24, regarding the demand side "multiplier" The principle of Keynesian economics is to stimulate demand.
This done by distorting the labor market through artificially inflating wages or actually fixing wages. Price manipulation and price fixing always result in either surpluses or shortages of what is manipulated.
This part of Keynesian strategy thus increases unemployment, which is the surplus of labor. The other part of the strategy is public spending, which always ends up being done for political rather than economic reasons, in part because governments cannot successfully engage in macroeconomic calculation.
This was predicted by von Mises and Hayek and demonstrated, not just by the economies of the Soviet block, but by almost every government spending program that has ever existed. Government spending also siphons off capital from the private economy, which inhibits hiring, production, and investment.
The whole Keynesian program is thus grotesquely counterproductive, except to the privileged and often connected few to whom the inflated incomes and government money actually flow. The results are dismal.
And so suddenly businesses are doing well, the economy is doing well, and we get into a virtuous cycle. And we go up We believe that when a CEO pays his auto workers enough to buy the cars that they build, the whole economy does better. The real job creators are the vast middle class and the poor, whose spending induces businesses to create jobs.
That is why raising the minimum wage, extending overtime protection, enlarging the Earned Income Tax Credit, and reducing middle-class taxes are all necessary. Robert Reich, Secretary of Labor,Mar 10, -- so how does a new business hire people before selling anything?
Hillary Clinton, at a Democratic rally in Massachusetts, October 24,There is no alternative to strong economic growth. The missing piece is a global growth agenda led by a U. The natural or default minimum wage is not any positive number. Only "liberals" and "progressives" can think of a way to pay workers nothing and expect them to be happy and grateful.
Such workers are called "interns.“I feel like I’m an above-average driver.” I feel like I’m a below-average driver. Likewise, I increasingly find driving stressful and dangerous, plus there are more and more good alternatives to driving that are often cheaper and faster and kinder to the environment.
Shattered Bonds is a thoughtful essay in three parts regarding the gap between what we as a society think we mean by child “protection” and “welfare,” and what actually happens as a result of the Child Protective System and the.
Some of the nation’s leading journalists gathered in Key West, Fla., in May for the Pew Forum’s biannual Faith Angle Conference on religion, politics and public life.. Ever since then-Sen.
Barack Obama spoke of his admiration for Reinhold Niebuhr in a interview with New York Times columnist David Brooks, there has been speculation about the extent to which the 20th-century.
Turnitin provides instructors with the tools to prevent plagiarism, engage students in the writing process, and provide personalized feedback.
President Trump signed three executive orders the week of January 23 which offend the dignity and threaten the rights of immigrants and refugees both in the United States and globally. So, with some fancy games and pliant appraisers, the bank recorded a $2 million gain on its deal making.
The reality, however, was that $9 million had gone out the door, the bank was paying 15% interest to depositors, and no money was coming in, not even interest payments.