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THE Free Market Thread (merged)

Discussions about the economic and financial ramifications of PEAK OIL

Re: The Free Market Debate

Postby Alcassin » Fri 27 Feb 2009, 08:53:01

$this->bbcode_second_pass_quote('cube', 'W')hat I have learned from talking to (anti free-marketers) :wink:

1) EVERYBODY agrees we do NOT live in a free-market economy.
Therefore if something bad happens, it will be blamed on the free-market.

2) The free-market is a system in which decisions are NOT made by government.
Therefore any decision made by government will be blamed on the free-market.

3) If someone proposes creating another government program to solve a problem created by a government program.
Then such person is called a supporter of the free-market.

4) If somebody is a Communist then they are a supporter of the free-market.

5) If somebody like to practice archery by shooting apples off the top of a people's heads and they accidentally miss,
then they are a supporter of the free-market.


We live in capitalism. Capitalism is a system which is ruled by current bourgeoise class for their own interest which is sometimes bind by democratic functioning society to comprise the interests within society. It's the reality, and it is dominant system.

Libertarian vision of free market is an utopia just like communism. There has never been free market, and there has never been communism. There were only real, functional versions of both - first is capitalism, second is soviet socialism. Libertarian attack on democratic government and society would leave the system of political power in hands of few. Thus, the system may be called oligarchy or plutocracy ruled by winners in the market.

Modern corporations are expression of this process and their political agenda is very well known: socialize losses, privitize profits. Democratic institutions within society is the only functional and pragmatic way to stop this march of private short-sighted greed. Now we observe massive attack on democratic institutions - government, labor unions, and civil movements. Democracy as a system is in peril and this is also because for the last 30 years of massive cultural shift in the West, which leads to privitizing the public sphere, private good over public good, and so on. West has forgotten about long-term goals, and now is an infant burned with immediate desires. Corporate power, manipulation, propaganda (rebranded as PR) is not the only cause, but the strongest within modern western societies.
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Re: The Free Market Debate

Postby sparky » Fri 27 Feb 2009, 17:48:58

.

Pretty heavy confusion between Free Market and Capitalism

free market , to be perfect , assume an infinity of mobile sellers and an infinity of informed buyers
none of the parties subjected to compulsion

However it work even in very constricted circunstances , down to trade in kind

Capitalism is the use of investment Money as a tool to aquire the labor value of workers ,
changing the free exchange of their labor to one of compulsion

IE .....squezzing the bastards until blood come out or they revolt

This is not contrary to Stalinian communism either ,
then the state has the initial investment ressources and sure as hell had the compulsion


Since civilisation assume a specialisation of labor , some degree of exchange is nescessary
Hence , some free markets

There is some restrain put on trade for the same reason there is restrain put on
road use , for the well ordering of the process and the greater good for all
how much and to what amout of detail is the debate ..


.
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Re: The Free Market Debate

Postby odegaard » Wed 20 May 2009, 00:11:28

$this->bbcode_second_pass_quote('Quinny', 'C')apitalism enables/encourages votes to be bought.
That sounds like how EVERY economic/political system works. So why complain about Capitalism?

$this->bbcode_second_pass_quote('Quinny', 'D')ecisions on production are made by a one pound one vote system rather than one person one vote. So small town with rich guy decides that new access road is worth more than clean water.
So basically you're saying you've invented some new economic system that guarantees a 1 vote per person system and money cannot buy votes or power.
Do you want to share this new system with the rest of us?
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Re: The Free Market Debate

Postby bodigami » Sun 31 May 2009, 18:18:53

all bets are off, maik your own rules.
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Re: The Free Market Debate

Postby americandream » Sun 12 Jul 2009, 19:17:29

The Darwinian market...utterly unrestrained, complete with all its elitist imperfections and monopolistic outgrowths, is an absolute precursor to dialectic socialism. Nothing less will do and it is incumbent on all socialists to assist in the full spectrum domination of the market by those elites who have shown themselves worthy of its conquest.

Any calls for the regulatory inculcation of utopian Darwinism must be resisted!! Let Wall Street spread the siren call of capital to all corners of the globe.
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Re: The Free Market Debate

Postby odegaard » Mon 13 Jul 2009, 15:28:21

One man's ignorance is another man's profit. :twisted:
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Re: The Free Market Debate

Postby americandream » Mon 13 Jul 2009, 15:48:17

$this->bbcode_second_pass_quote('odegaard', 'O')ne man's ignorance is another man's profit. :twisted:


No, just the unfettered woking of the dialectic.
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Re: The Free Market Debate

Postby odegaard » Mon 13 Jul 2009, 16:16:16

$this->bbcode_second_pass_quote('americandream', '')$this->bbcode_second_pass_quote('odegaard', 'O')ne man's ignorance is another man's profit. :twisted:


No, just the unfettered woking of the dialectic.

Image
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Re: The Free Market Debate

Postby Quinny » Mon 13 Jul 2009, 16:24:32

Public libraries in the UK worked like that. They determined book stocking policy by requests made. There are lots of ways that you can take money out of the political and even the market process.

$this->bbcode_second_pass_quote('odegaard', '')$this->bbcode_second_pass_quote('Quinny', 'C')apitalism enables/encourages votes to be bought.
That sounds like how EVERY economic/political system works. So why complain about Capitalism?

$this->bbcode_second_pass_quote('Quinny', 'D')ecisions on production are made by a one pound one vote system rather than one person one vote. So small town with rich guy decides that new access road is worth more than clean water.
So basically you're saying you've invented some new economic system that guarantees a 1 vote per person system and money cannot buy votes or power.
Do you want to share this new system with the rest of us?
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Re: The Free Market Debate

Postby americandream » Mon 13 Jul 2009, 16:47:22

Odegaard

I day trade for a living btw. Making money is easy. No great rocket science. Living like a thinking human is the hard bit.
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Re: The Free Market Debate

Postby odegaard » Mon 13 Jul 2009, 16:51:18

$this->bbcode_second_pass_quote('Quinny', 'P')ublic libraries in the UK worked like that. They determined book stocking policy by requests made.
okay that makes sense
Resources are redirected where there is greatest demand.
here's my example.
Obviously a public transit agency does not have an infinite number of buses, so therefore buses must be reallocated accordingly.
If a bus route is popular than more buses are added so it runs every 10 minutes.
If a bus route is less popular than less buses are added and it runs only every 20 minutes.
Popularity or "consumer demand" can be simply measured by counting how many people step on the bus.
There is no profit involved since this is a government agency.

$this->bbcode_second_pass_quote('Quinny', 'T')here are lots of ways that you can take money out of the political and even the market process.
huh what? I didn't follow that. how?
There will always be rich people and poor people.
Look at Europe, despite all the social welfare at the end of the day it shares something in common with the USA --> rich people are in control. :mrgreen:
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Re: The Free Market Debate

Postby odegaard » Mon 13 Jul 2009, 16:57:17

$this->bbcode_second_pass_quote('americandream', 'O')degaard
I day trade for a living btw. Making money is easy. No great rocket science.
bullshit

$this->bbcode_second_pass_quote('americandream', 'L')iving like a thinking human is the hard bit.
Maybe you should look at yourself. :wink:

//

Just because other people don't bend over backwards to agree with you that doesn't mean you should resort to childish name calling.
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Re: The Free Market Debate

Postby americandream » Mon 13 Jul 2009, 17:06:16

You attach some strange item to a post of yours (Ferengi whatchamacallit) and call me childish! Wow. That really takes the prize for cheek!
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Re: The Free Market Debate

Postby americandream » Mon 13 Jul 2009, 17:08:32

I trade using pure price action odegaard. In an out, its easy. One of the benefits of being a Marxist is one understands price action!

8)
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Re: The Free Market Debate

Postby odegaard » Mon 13 Jul 2009, 17:19:39

$this->bbcode_second_pass_quote('americandream', 'Y')ou attach some strange item to a post of yours (Ferengi whatchamacallit) and call me childish! Wow. That really takes the prize for cheek!
My image post did more to advance this discussion then what you've been writing.

sad but true

BTW I too also trade. And my gut instinct says you're a liar. You are not a trader.
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Re: The Free Market Debate

Postby Quinny » Mon 13 Jul 2009, 17:23:31

Not much money involved in hustings or statements produced in a uniform way. Parliamentary selection in the UK doesn't really involve much money, more hard work.

When you involve advertisers, and massive publicity budgets the message becomes less important and you start getting presidential style elections.

Local politics where expenses are more strictly limited were in general fairer, although they have now become merely an extension of the central political machinery.

State funding of candidates who passed a certain threshold would actually widen the franchise and help break the grip of the major parties.

$this->bbcode_second_pass_quote('odegaard', '')$this->bbcode_second_pass_quote('Quinny', 'P')ublic libraries in the UK worked like that. They determined book stocking policy by requests made.
okay that makes sense
Resources are redirected where there is greatest demand.
here's my example.
Obviously a public transit agency does not have an infinite number of buses, so therefore buses must be reallocated accordingly.
If a bus route is popular than more buses are added so it runs every 10 minutes.
If a bus route is less popular than less buses are added and it runs only every 20 minutes.
Popularity or "consumer demand" can be simply measured by counting how many people step on the bus.
There is no profit involved since this is a government agency.

$this->bbcode_second_pass_quote('Quinny', 'T')here are lots of ways that you can take money out of the political and even the market process.
huh what? I didn't follow that. how?
There will always be rich people and poor people.
Look at Europe, despite all the social welfare at the end of the day it shares something in common with the USA --> rich people are in control. :mrgreen:
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Re: The Free Market Debate

Postby americandream » Mon 13 Jul 2009, 21:03:04

$this->bbcode_second_pass_quote('odegaard', '')$this->bbcode_second_pass_quote('americandream', 'Y')ou attach some strange item to a post of yours (Ferengi whatchamacallit) and call me childish! Wow. That really takes the prize for cheek!
My image post did more to advance this discussion then what you've been writing.

sad but true

BTW I too also trade. And my gut instinct says you're a liar. You are not a trader.


I'm sure that you perspective is entirely unblemished within your contextual framework. However, it still remains subject to history and the forces of change as is capitalism, feudalism and all the systems that have gone before.

And yes, I do trade rather profitably as a day trader, am fully conversant with the nuances of the market simply by looking at the candlesticks on my chart and have a preference for no further regulation of the market to accommodate the failed small shopkeeper with his petty nationalisms and moralistic stance on matters of economy.

The globalising of capital must proceed ahead unhampered by nostalgia as only in a full globalised worker will the elements for change arise.
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Re: The Free Market Debate

Postby bodigami » Tue 14 Jul 2009, 01:40:18

the free market is not really free if there are governments and capital is issued by central banks only. :!:
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Re: The Free Market Debate

Postby Outcast_Searcher » Sun 02 Aug 2009, 21:34:50

$this->bbcode_second_pass_quote('cube', '')$this->bbcode_second_pass_quote('CarlosFerreira', 'J')ust yesterday I had a big argument with a colleague who says the current crisis is the proof Capitalism is a failure.
...
I remember several years back when gasoline first went up to the unthinkable price of $3/gal in the USA.

One person was mad as hell. ---> he said: "The government should of planned ahead to prevent this! Gasoline is too expensive. They should have someone in charge of things like this don't happen!"



Yeah, I remember having the same conversation with someone at work in 2005, when gas was just approaching $2.00 a gallan.

He acted like he had a God-given RIGHT to buy gas dirt cheap - and that the oil companies were corrupt for preventing it.

I calmly pointed out: "Well, oil prices have increased significantly, and gasoline prices are naturally reflecting that."

I was stared at by the whole group of people in the break area like I had 7 heads. Note this is a white-collar supposedly educated people work situation.

So I asked how he'd fix the global oil supply situation. Then things took a nasty turn, IMO:

His solution was to "nuke the middle east to glass". Apparently still having 9/11 rage...

This guy, BTW drove one of those gigantic pickup trucks with the 4 rear tires. It was always sparkling clean, so I doubt it's ever seen a working situation.

At this point I didn't see how explaining anything about economics would help, but the irony/ignorance of the general public's attitude about energy seems frighteningly well summed up in exchanges such as these.
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Re: The Free Market Debate

Postby americandream » Sun 02 Aug 2009, 23:04:33

$this->bbcode_second_pass_quote('bodigami', 't')he free market is not really free if there are governments and capital is issued by central banks only. :!:


Where would we be without our gurus and their Secrets! 8O
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