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(Politicus USA)   The Coronavirus has provided a lesson in Free Market Economics no one in the GOP is listening to   (politicususa.com) divider line
    More: Murica, Public sector, Private sector, Privatization, Government, Free market, Capitalism, Health care, Market economy  
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2492 clicks; posted to Politics » on 10 Aug 2020 at 5:08 PM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



35 Comments     (+0 »)
 
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TWX [TotalFark]
2020-08-10 10:54:35 AM  
That's because despite all of the claims of supporting laissez-faire and citing the laffer curve, they're really just about telling people what they want to hear so to maintain power.

If they were interested in actually growing the economy rather than simply helping out their rich friends, they'd engage in deficit-spending when times are rough to act as stimulus and cut interest rates, and when times are strong they'd engage in ever increasing taxation and would increase interest rates to prevent runaway unsustainability and to refill the coffers hurt during the times of deficit-spending.

But they're not actually interested in real fiscal policy and using the power of government spending and prime-rate manipulation to improve the whole economy.  They're only interested in shoveling money to their key supporters so those key supporters help them stay in power.
 
2020-08-10 11:10:55 AM  
How about a little warning subs?  About the extreme close-up picture of Trump?

He looks like a hammered out orange leather purse with some kind of fungus on it.
 
2020-08-10 12:28:25 PM  
*in before the first pissbaby capitalism-humper*
 
2020-08-10 3:09:26 PM  
Because "free market" is a lie they use to keep their idiot voter base. They want monopolies without regulations, socalized risks and privatised profits.
 
2020-08-10 4:54:19 PM  
Oh sweet Jesus, I did not need to see that picture.
 
2020-08-10 5:10:50 PM  
Republicans learning implies that there was something that they needed to know that they didn't. Why do you hate America with such an implication, you fascist anti-fascist?

Trickle down economics is going to work any day now.

Any.
Day.
Now.
 
2020-08-10 5:11:19 PM  
Fark user imageView Full Size
Fark user imageView Full Size
 
2020-08-10 5:13:50 PM  

TWX: That's because despite all of the claims of supporting laissez-faire and citing the laffer curve, they're really just about telling people what they want to hear so to maintain power.

If they were interested in actually growing the economy rather than simply helping out their rich friends, they'd engage in deficit-spending when times are rough to act as stimulus and cut interest rates, and when times are strong they'd engage in ever increasing taxation and would increase interest rates to prevent runaway unsustainability and to refill the coffers hurt during the times of deficit-spending.

But they're not actually interested in real fiscal policy and using the power of government spending and prime-rate manipulation to improve the whole economy.  They're only interested in shoveling money to their key supporters so those key supporters help them stay in power.


Seriously, the dumbest goddamned thing I remember hearing a Republican say in the past was "we're all Keynesians now", after passing massive tax cuts benefiting the wealthy.  Which is certainly not what Keynes was about as far as economic theory.
 
2020-08-10 5:14:33 PM  
For a "rich" man, trump sure does get shiatty haircuts.
 
2020-08-10 5:15:30 PM  

tjsands1118: Because "free market" is a lie they use to keep their idiot voter base. They want monopolies without regulations, socalized risks and privatised profits.


Dingdingdingding you got it.

America's system isn't a free market, it isn't remotely close to that. When was the last time a us company was broken up for competitive reasons? We have some of the most thorough regulatory capture of any company in the world, and under trump we've literally staffed all the federal enforcement agencies with CEOs who are explicitly realigning those agencies to help their own businesses and friends out.
 
2020-08-10 5:16:43 PM  
Who needs teachings when you've got vague faith in what you believe the free market to be?
 
2020-08-10 5:18:41 PM  
I'm pretty sure the lesson the Republicans actually took is that they don't care about certain types of consumer spending, or certain types of consumers. As long as the rich have some place to park their money and generate interest, the rest of the economy can go straight to hell.
 
2020-08-10 5:19:13 PM  
Republicans don't need to learn, they already think they know everything.
 
2020-08-10 5:19:14 PM  
 
2020-08-10 5:19:41 PM  
My ad blocker answered this question for the author.

Fark user imageView Full Size
 
2020-08-10 5:19:50 PM  

Jack Sabbath: How about a little warning subs?  About the extreme close-up picture of Trump?

He looks like a hammered out orange leather purse with some kind of fungus on it.


Thanks for the warning. He is disgusting. I mean, more so with every passing day.
 
2020-08-10 5:20:31 PM  
If it isn't nude boys, lynching black people, bombing abortion clinics and stiggint to libs, they don't give a shiat one way or the other.


They jerk off to the list mentioned above and I'm positive  the trolls behind the 15 year old accounts here just unzipped seeing those words.

Fark republicans
 
2020-08-10 5:20:33 PM  
that was not a face you wanna see in HD on a 32 inch TV that close to you...
 
2020-08-10 5:21:12 PM  
To Republicans, Capitalism = My Self Interest

Nothing else.
 
2020-08-10 5:23:31 PM  
i2.wp.comView Full Size
 
2020-08-10 5:26:06 PM  
It's about a return to, if not serfdom, the de facto serfdom of lassiez-faire capitalism of the Lochner era. Company towns, "freedom" to contract the way the boss tells you to, getting paid ten hours for twelve hours work...

Yeah, its coming.
 
2020-08-10 5:30:21 PM  

Gyrfalcon: It's about a return to, if not serfdom, the de facto serfdom of lassiez-faire capitalism of the Lochner era. Company towns, "freedom" to contract the way the boss tells you to, getting paid ten hours for twelve hours work...

Yeah, its coming.


If Trump is still in the WH next year, I have to agree with you.
 
2020-08-10 5:38:30 PM  
It has been revealing, hearing people a talk about their personal responsibility and their company's.

There's a few lines of principled ideology I haven't really heard in the discussion that I want to trot out, just to hear how they sound.

"We shouldn't provide economic stimulus to airlines during the pandemic because the government shouldn't pick Winners and Losers. It would be unfair to BNSF and Greyhound."

"I'm a capitalist, and a CEO. Companies shouldn't get free money! I prudently saved two years operating expenses for a pandemic, at great cost to my firm, and the bailout undermines my business model."

"Unemployment is just Supply and Demand. Right now demand is low. We need to lower the supply to bring the market into balance. That's why we are introducing a no-mask policy at our offices, to lower the supply of workers!"

Hmm. Seems like we are somewhere between two and three there.
 
2020-08-10 5:41:04 PM  

TWX: That's because despite all of the claims of supporting laissez-faire and citing the laffer curve, they're really just about telling people what they want to hear so to maintain power.

If they were interested in actually growing the economy rather than simply helping out their rich friends, they'd engage in deficit-spending when times are rough to act as stimulus and cut interest rates, and when times are strong they'd engage in ever increasing taxation and would increase interest rates to prevent runaway unsustainability and to refill the coffers hurt during the times of deficit-spending.

But they're not actually interested in real fiscal policy and using the power of government spending and prime-rate manipulation to improve the whole economy.  They're only interested in shoveling money to their key supporters so those key supporters help them stay in power.


This. The Republican Party aren't greedy capitalists...they are only for enriching the wealthy at all costs. Many of their actions are destructive to the system, but they further enrich the wealthy.

The Democrats are actually greedy capitalists hellbent on maintaining the status quo.
 
2020-08-10 5:42:40 PM  
This whole pandemic essentially is a giant disproving of libertarian and lassez faire, free-market capitalism.
 
2020-08-10 5:42:55 PM  

Autoerotic Defenestration: [Fark user image image 850x566][Fark user image image 850x478]


As one picture, without advertising:
Fark user imageView Full Size
 
2020-08-10 5:45:57 PM  

Elliot8654: This whole pandemic essentially is a giant disproving of libertarian and lassez faire, free-market capitalism.


Reality disproves conservative ideology every day.
 
2020-08-10 5:47:47 PM  
GOP types don't listen to anything but the bleating evil utterances of their masters anyway.
 
2020-08-10 5:53:59 PM  
The only thing the "invisible hand of the free market "™ does is biatch-slap the poors and middle class.
 
2020-08-10 6:18:05 PM  

Autoerotic Defenestration: [Fark user image 850x566][Fark user image 850x478]


I was thinking MODOK, but that works too.
 
2020-08-10 6:52:30 PM  
That website pretty much summed up the failure of free-market capitalism.

It's sites like that that cause people to run screaming to ad blockers.
 
2020-08-10 7:52:52 PM  
Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!
Youtube d0nERTFo-Sk
oblig
 
2020-08-10 9:15:21 PM  

Invincible: [Youtube-video https://www.youtube.com/embed/d0nERTFo​-Sk] oblig


I farking hate that stupid thing. Always have.
 
2020-08-10 11:30:44 PM  

tjsands1118: Because "free market" is a lie they use to keep their idiot voter base. They want monopolies without regulations, socalized risks and privatised profits.


Mostly because nobody in the gop actually knows what a free market is. Neither does the author of the article, for that matter.

In principle, yes, a free market would solve a lot of problems. In practice, there is never a free market, and all we can do is try to get closer to one. Funny enough, smart government regulation is one of the best days to achieve it.

Won't help a bit with a pandemic, though. Mostly because healthcare can never truly be a free market. Which is why completely privatized health just doesn't work.
 
2020-08-10 11:33:36 PM  

phaseolus: Invincible: [Youtube-video https://www.youtube.com/embed/d0nERTFo​-Sk] oblig

I farking hate that stupid thing. Always have.


I'm super curious as to why.
 
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