The problem with socialism

Gangaweed

is that you always run out of other people's money.

This is so clearly evident from the Greek socialists complete numeric illiteracy.

Let this be an example to the other socialists in Europe.

Mistermeaner

It doesn't work, history proves it. Are you listening scotland?

michaels

The problem with capitalists is they think money is the only thing that sets the rules of the game whereas in fact govts have the ability to rewrite the rules. The Greek debt negotiation is not about interest rates and debt write-offs, it is simple game theory regards how a limited pool of resource is shared out.

Gangaweed

michaels wrote: »

The problem with capitalists is they think money is the only thing that sets the rules of the game whereas in fact govts have the ability to rewrite the rules. The Greek debt negotiation is not about interest rates and debt write-offs, it is simple game theory regards how a limited pool of resource is shared out.

I don't think anyone is claiming capitalism is perfect. It is, in fact, a nightmare... until you look at the alternatives.

Generali

michaels wrote: »

The problem with capitalists is they think money is the only thing that sets the rules of the game whereas in fact govts have the ability to rewrite the rules. The Greek debt negotiation is not about interest rates and debt write-offs, it is simple game theory regards how a limited pool of resource is shared out.

Economics will always trump politics.

antrobus

michaels wrote: »

The problem with capitalists is they think money is the only thing that sets the rules of the game whereas in fact govts have the ability to rewrite the rules. ...

Perfectly true.

Both Cuba and North Korea, in their different ways, have rewritten the rules. How is that working out?

purch

Socialists (and incompetent Capitalists) need to have the power to devalue their currency.

That ability has been removed from the Greekists currently.

If they still had the Drachma everything would be hunky dory, and holiday makers could get a glass of retsina and some dolmades for about 3p.

Gangaweed

Generali wrote: »

Economics will always trump politics.

Even Karl Marx, had the foresight to recognise that.

mwpt

Gangaweed wrote: »

Even Karl Marx, had the foresight to recognise that.

Speaking of Marx, I'm 70% through The Communist Manifesto. The problem is, I read it at bed time and it puts me straight to sleep so I only get to read a few minutes at a time. I also have to keep going back to re-read because it is so obscurely written, in a style that presents various opinions as facts.

Anyway, the manifesto is as bonkers as I always understood it to be, in a world with scarcity.

Conrad

ggb1979 wrote: »

It doesn't work, history proves it. Are you listening scotland?

Interesting comment by Alan Milburn today in is illuminating discussion on why Labour lost.
At one point he says his experience of Scotland is that there is even more of a problem with social mobility than in England, that those with private school backgrounds are even more likely to enjoy privilege through their lives than is the case in England.


He says 'stardust' masks what is really going on in Scotland.


In terms of Labours loss he makes a compelling case and notably says 'FISCAL CONSERVATISM IS THE FOUNDATION FOR POLITICAL SUCCESS' lol


http://blogs.spectator.co.uk/coffeehouse/2015/06/alan-milburn-finally-confronts-labour-with-the-hard-truth-about-tony-blair/

Conrad

Greek inability to pay enough Tax to cover their spending, is somehow the responsibility of German tax payers.


The loony left employs the old comrades and justice diatribe that implies Greece is merely a victim, but personally I suspect German and Dutch tax payers feel pretty screwed over.