Impending Global Economic Collapse

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Quantum_Immortal
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25 Jun 2012, 11:13 am

DC wrote:

Burzum wrote:

androbot2084 wrote:

Capitalists limit production to drive up prices.

Can you give an example?

DeBeers - stockpiles diamonds and controls the market to drive up prices

Microsoft - creates complex and exclusive deals on the sales of new PC's to give itself a monopoly. If the market was functioning as a market should, when you walk into a PC store they should be offering you a computer with no OS and then offer to sell you one of several OS's, instead you have a bundle with no choice of OS on the PC.

Think about the crash of 2008, there was a massive oversupply of cars, raw materials and shipping all of a sudden.

Did each of these markets react by slashing their prices as they should have according to free market dogma?

Nope, the cars were stockpiled until the government stepped in with a 'cash for clunkers' program, factories were closed, mines were closed, ships were cut up and sold for scrap, the market did everything in it's power to avoid discounting products and entering deflation.

"give to Caesar what belongs to Caesar"

The truth is, the failure is unsufficient regulation from the governments. Its ultra liberal ideology that put us in the mess we are now.

In the past, western economies where mixed economies. Meaning, it looked like capitalism, but the state had considerable influence in the economy.

We don't need to invent anything, we'll simply go back to that.

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ooOoOoOAnaOoOoOoo
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25 Jun 2012, 1:00 pm

Quantum_Immortal wrote:

DC wrote:

Burzum wrote:

androbot2084 wrote:

Capitalists limit production to drive up prices.

Can you give an example?

Huh? I thought ultra liberals wanted to regulate while ultra conservatives want no regulations.

DC
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25 Jun 2012, 1:46 pm

ooOoOoOAnaOoOoOoo wrote:

Huh? I thought ultra liberals wanted to regulate while ultra conservatives want no regulations.

The word liberal had meaning before it was stolen by the right as pejorative term.

The Ultra liberal ideology that is being referred to is economic liberalism, neo-liberalism is the economic policy of the neo-cons.

Quantum_Immortal
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25 Jun 2012, 2:02 pm

DC wrote:

ooOoOoOAnaOoOoOoo wrote:

Huh? I thought ultra liberals wanted to regulate while ultra conservatives want no regulations.

Every body wait, i think we'll have a mess now.

In Europe, a liberal is some one from the right.

In the USA, its some one from the left.

_________________
just a mad scientist. I'm the founder of:
the church of the super quantum immortal.
http://thechurchofthequantumimmortal.blogspot.be/

DC
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25 Jun 2012, 2:55 pm

Quantum_Immortal wrote:

DC wrote:

ooOoOoOAnaOoOoOoo wrote:

Huh? I thought ultra liberals wanted to regulate while ultra conservatives want no regulations.

Every body wait, i think we'll have a mess now.

In Europe, a liberal is some one from the right.

In the USA, its some one from the left.

Nope.

Generally in Europe a liberal party is socially permissive but economically in practical terms they have more in common with social democrats than with a free market uber alles approach.

European liberals take a pragmatic approach recognising that free market competition can be a good thing for progress but an unrestrained free market comes with significant social costs.

PS Having said that, currently in the UK the Liberal Democrat party has a reputation for being a bunch of two faced lying s**ts only interested in their own careers.

TM
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25 Jun 2012, 3:05 pm

Quantum_Immortal wrote:

The truth is, poor regulation rather than insufficient regulation caused the problems. There are plenty of rules, red tape, laws and regulations to make up a "jump through sodding hoops" course around Jupiter, but it does very little to prevent such things as the current economic situation.

slave
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25 Jun 2012, 5:45 pm

MarthaCannary wrote:

[youtube]http://www.youtube.com/watch?v=1CLhqjOzoyE&hd=1[/youtube]

"You are a slave. Your chains are debt. You will probably never amount anything. You will sweat, toil, and bleed to earn scraps of paper which will decrease in value until they cease to exist.

I challenge you to make a difference. If you see a bankster, hang it. If you see a politician, hang it.

I hold here in my hand a bottle full of gasoline. I will light the rag in it's neck as a way of symbolically freeing myself, and my children, from a system of serfdom.

Behind you there are cases of bottles exactly the same as mine. I challenge you to take one and join me in lighting it and burning this place to the ground.

Let us march to NY and DC and cleanse this country of the leeches." - Some Crazy Guy on zerohedge.com

Search you tube for Michael Burry and 60 Minutes and you'll find that he has Aspergers.
Your video was good, thanks!

slave
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25 Jun 2012, 5:47 pm

ruveyn wrote:

ooOoOoOAnaOoOoOoo wrote:

Burzum wrote:

androbot2084 wrote:

Capitalists limit production to drive up prices.

Can you give an example?

Heh.

The sale of Hehs is very much dependent on supply and demand.

ruveyn

slave
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25 Jun 2012, 5:51 pm

Quantum_Immortal wrote:

DC wrote:

Burzum wrote:

androbot2084 wrote:

Capitalists limit production to drive up prices.

Can you give an example?

What does Caesar Milan 'dog whisperer' have to do with this thread?

Burzum
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26 Jun 2012, 8:16 am

DC wrote:

DeBeers - stockpiles diamonds and controls the market to drive up prices

Can you provide a source demonstrating DeBeers to be intentionally limiting production? Note that limiting production =/= stockpiling.

DC wrote:

Microsoft - creates complex and exclusive deals on the sales of new PC's to give itself a monopoly. If the market was functioning as a market should, when you walk into a PC store they should be offering you a computer with no OS and then offer to sell you one of several OS's, instead you have a bundle with no choice of OS on the PC.

a) What does this have to do with limiting production?
b) This isn't even correct, the computer I'm using right now came pre-built without an OS installed.

DC
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26 Jun 2012, 8:25 am

Burzum wrote:

DC wrote:

DeBeers - stockpiles diamonds and controls the market to drive up prices

Can you provide a source demonstrating DeBeers to be intentionally limiting production? Note that limiting production =/= stockpiling.

DC wrote:

a) What does this have to do with limiting production?
b) This isn't even correct, the computer I'm using right now came pre-built without an OS installed.

You are kidding right?

DeBeers has been the classic example of a monopoly when teaching economics for generations, Microsoft has been the more up to date example for a couple of decades.

So lets see about this outrageous slur, that is actually a statement of bleedin obvious:

http://en.wikipedia.org/wiki/De_Beers

Quote:

De Beers is well known for its monopolistic practices throughout the 20th century, whereby it used its dominant position to manipulate the international diamond market. The company used several methods to exercise this control over the market: Firstly, it convinced independent producers to join its single channel monopoly, it flooded the market with diamonds similar to those of producers who refused to join the cartel, and lastly, it purchased and stockpiled diamonds produced by other manufacturers in order to control prices through supply.

Now shall we have a debate over whether or not the pope is catholic, I want evidence damn it! :roll:

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