Skip to main content

View Diary: Structural Stupidity on PBS, Debunked by Krugman and Baker (123 comments)

Comment Preferences

  •  All wrong (8+ / 0-)

    It's structural because of more population than we need and previous massive over saturation in most industries (especially construction, housing, retail, and service industries).

    Additionally we have a global population of 7 billion (compared to 4 billion in 1980 or so). They all want what we have, are willing to work for much cheaper, and we have neither the moral nor actual power to tell the teeming billions elsewhere that they can't have what we have.

    All these imbalances will eventually be rectified by the market regardless of what the government wants or tries. The only question is how we deal with the impact.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sat Aug 03, 2013 at 09:14:12 PM PDT

    •  Don't like anything you say (7+ / 0-)

      Wish I did not agree with it :)

      If I had to quibble (and I do), I'd say that your phrase "rectified by the market regardless of what the government wants or tries" suggests that intentional intervention is useless. Then you say something about the only question is how we deal with the impact. It seems to me that government is the first line of how we need and ought to deal with the impact.

    •  Not true (9+ / 0-)

      The recent,expanding ability of the wealthy corporate sector to purchase control of government at national and local levels has tipped the economic scales in their favor.

      They buy tax cuts and credits, non-compete contracts and immunity from prosecution for laborious and safety abuse, They've bought immunity from predatory practices and outright theft from consumers and government. All of those things tip the economic scales heavily in their favor.

      "The international world is wondering what happened to America's great heart and soul." Helen Thomas

      by Betty Pinson on Sun Aug 04, 2013 at 07:06:03 AM PDT

      [ Parent ]

    •  Agree with analysis (0+ / 0-)

      But the idealist in me wants to dispute the conclusion.

      If we, as consumers and citizens, can act to demand better control the profit motive by demanding better services,  more responsive and less corrupt governments and a better quality of life--globally, not just locally--we can at least ameliorate this bleak prognosis.

      I believe Progressives achieved at least some of this--in effective legislation for better housing, health care, public education, child labor, public health, public spaces, etc.--during the late 19th and 20th centuries.

      Just because the government keeps a record of real property transfers, it doesn't mean that the government wants to confiscate your home.

      by NCJan on Sun Aug 04, 2013 at 08:28:53 AM PDT

      [ Parent ]

    •  This is the exact attitude that creates the 1%. (1+ / 0-)
      Recommended by:
      Hillbilly Dem

      He who would trade liberty for security deserves great customer service.

      by Publius2008 on Sun Aug 04, 2013 at 09:18:23 AM PDT

      [ Parent ]

    •  "More population than we need"??? (3+ / 0-)
      Recommended by:
      DBunn, Roger Fox, JVolvo

      More than we need for what?

      More than we need to service an ever smaller number of ever more wealthy Rulers?

      If what we've got is far more labor than we need to produce an immense amount of wealth, that ought to mean leisure, not poverty.

      Everyone can, in fact, live like I do.  My life isn't hugely expensive in terms of resources.  It's still pretty damned comfortable, 'though.

      You speak in "can't".  The truth is that you simply don't want to see the obscene wealth of the richest Westerners stripped away and used to improve the lives of the workers they've gotten rich by exploiting.

      That's not "can't".  It's "won't".

      Mr. Universe is a known degenerate Robotophile, and his sources include former Browncoat Traitors. What is their agenda in leaking top secret information about the Reavers and endangering us all?

      by JesseCW on Sun Aug 04, 2013 at 11:02:56 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site