I know, India just can’t get over that.
If we left them alone wouldn’t that mean we aren’t imposing any taxes. It’s up to each individual country to determine what they charge for taxes on commodities coming into their borders, and out of their borders. Nothing to do with Africa.
Again that’s up to each individual country what they sell their commodities for on the market. Are you suggesting we don’t sell them anything?
What’s wrong with not interfering AT ALL? Why should we influence in any way? Not saying we shouldn’t. But is there a reason why we SHOULD? There is a lot of financial reasons why outside countries are involved with African countries. The debt Africa as a whole has built up is a major problem. But say for a moment we forgot about the debt. No more payments. Back to square one. Are they better off? Does the extra money fix the issue?
I just have to say that this was well spoken.
Like I said, leave them alone.
The only fair is laissez-faire. No subsidies, taxation, protectionism. What you’re looking for is free trade, not fair trade. Fair trade is just another word for “we’ll take money from this group and give to to the other” or “we’ll give special privelages to this group but not the other”.
No, fair is enforcing regulations that prevent one group from taking advantage of another. thats why most countries have labor laws, food safety laws and banking regulations. Lack of regulation caused the world economy to collapse a few years ago because Laisse-faire only answers to the all mighty dollar and not to people.
Government created entities handing out loans to people who couldn’t possibly pay them back, artificially stimulating demand in the housing market, fueling the boom using misallocated resources made possible thanks to near zero interest rates from the Federal Reserve.
Just so you know, the dollar is legal tender. It is not backed by any commodity, it’s a fiat currency, so your statement makes no sense. Government holds the monopoly. Also, the world economy didn’t collapse, the US housing bubble burst. A bubble created (in part) as a result of government interference with the market.
Lack of regulation? Give me a fucking break. Regulations have been increasing exponentially in virtually every sector for decades.
I was going to post something, but this guy summed up a lot of my thoughts pretty well
WATZ DAH MATTAH, CIA GOT YUH POOSHIN TOO MANNEY PENCELS?
zero interest rate were the halmark of Alan Greenspan, a libertarian, Ayn Rand, atlas shrugged, laissez-faire capitalist if there ever was one.
https://en.wikipedia.org/wiki/Glass–Steagall_Act
This kept the economy stable for almost 60 years. There were ups and downs but nothing like what hit during 2008. It was the repeal of this that led to the financial crisis. The lack of regulation had insurance companies acting like investment banks, investment banks trading home loans and securities trading companies pushing the limits of “Financial Innovation.”
It is an American figure of speech. It means profit. It is a play on our unique brand of fundamentalism.
It was more than housing. It hit every part of the American economy and a large part of the worlds. Iceland, Iran, Greece, the UK, Saudi Arabia and Italy just to name a few.
That is simply not true. Regulations like Sarbanes Oxley only came about after an abuse of an unregulated system but they only come about after a rather gruesome crisis. The trend for the last 30 years has been deregulation.Unfortunately, that’s not the way it is now. Policies and taxes are heavily influenced by the US/Europe.
I don’t know where you’re getting that from, but I never said we should interfere or influence them 
actually i just meant trade that is fair as opposed to unfair, and not “fair trade”
but okay
You mentioned we were interfering politically. I suggested that maybe we shouldn’t interfere at all. I made no accusation to any claim made by you. I extrapolated what you said we are doing ( and shouldn’t ) to a continued point. Not interfering politically to not interfering at all.
That’s where I got it from, and I never actually addressed you. I just used your quote for context on what I was saying.
oh i see, i’m sorry
Greenspan was a monetarist, a real libertarian does not advocate central banking or any form of monopoly on the issueing of currency. Not to mention most libertarians would agree that Greenspan is one of the worst Fed chairmen ever (alongside Bernanke). A real libertarian would like to see interest rates set by the market.
While it is indeed true that Glass-Steagall helps stabilizing banks under a fiat currency system with a central bank, if there was no central bank and interest rates were set by the market then you wouldn’t need a Glass-Steagall act. Banks would no longer take huge risks because there would be nobody to bail them out incase their loans went bad. As a result, a bubble the size of the one we had in 2008 is impossible.
To make a profit you need to sell a good and/or service, you need to give people what they want. You have to work for the people. That is capitalism. That is what you want. This completely changes of course when government steps into the picture.
True, it also hit my country, but the source of the bubble was the Federal Reserve and the government.
This is demonstrably false. Federal regulations have increased dramatically, even during the supposed Reagan ‘deregulation’ years.
You seem to think that because a handful of regulations were removed this automatically means that we have had deregulation across the board, this is not true because there are countless new regulations added every single year. Especially under Obama regulations are coming in by the thousands.
Also, no ad hominem! Hats off to you sir, it’s been a long time.
Civil debate? In MY forums??
That’s the power of mass debating.
Fuck off and eat a herpes covered cock you shitbag whore!!!111!!!1!!!one!!!
He was a libertarian. He was the poster child of the libertarian faith when the economy was soaring. people can’t have it both ways now that his policy failed. Even he admitted that the lack of regulation was the cause of the 07/08 woes.
https://www.nytimes.com/2008/10/24/business/economy/24panel.html
The libertarian ideal/fantasy states that once all regulations are removed, people will make the best choices and decisions and the market will “correct” any poor decisions. History has shown that this is not the case. the rise of unions and worker protection laws came as a direct response to American “Robber Barons” in the same way Sarb/Ox came about after the Enron debacle in which they inflated stock prices by using very funny math that was considered “Financial Innovation” at the time. They failed and people lost EVERYTHING.
The reason the Federal Reserve was created was repeated instability and panic in American markets, specifically runs on banks. If the reserve is so bad and not needed, then the American economy must have run without a hitch before it was created with profits all around and a nation of happy workers with excellent working conditions, great benefits and nothing to complain about.
Also, this is not true. I think you are confusing profit with wealth. To create wealth, you do need to make something (goods or services) that people want. To make a profit, all you need to do is generate cash. this can be done by a run on the stock market, regardless of what the company is doing. You can do a hostile takeover of a company, divide it up and sell its pieces off in a short sale. You can run a ponzi scheme for 30 some odd years. All of these things will generate profit but not overall wealth.
Where are you from? Also, it was the faith in the self interest of lenders to do the right thing that started the collapse, not the reserve. I do agree that the bailouts were fucked up, but bullshit rolls downhill, but that was mostly the treasury.
I lived in California after power deregulation. Lack of regulation led to stagnation of our distribution system and rolling black/brownouts for a year as out newly deregulated system was wholly abused and exploited by companies like enron. I have personally been stymied by local regulations that has made business very difficult, but I would not trade my wage and health protections for an easier time in setting up a food cart. I love that we have food standards, minimum wage and safety standards.
I’m only cruel to people who don’t use the forum search function before asking stupid questions and those who accuse me of being civil. Besides, my dad is a lifelong libertarian and although I disagree with him, i respect him.
Think of the economy like an engine. Fuel in-Rotational force out, or Work in-Wealth out.
It is possible to make a very small engine produce tremendous power. although it makes epic power, they rarely last long. you can keep adding fuel by increasing the fuel pressure, and air, like turbos, or fuel additives like NO2 to get huge bhp numbers. Toyota raced 2 liter motors that made over 800bhp. They lasted 500 to 2000 miles depending on the race and configuration. A top fuel dragster running a 5.7 liter motor will put out over 6000bhp for a .25 mile race. the exhaust is so hot it breaks apart the water vapor in the air and ignites the H2 and the O. it burns white hot. Then it needs to be totally, completely rebuilt. While it is great for being the first to the finish, you can’t drive to the store/work/vacation in a race car.
For a consumer car, to make it last, there is a fuel regulator, ignition system controller, a thermostat, an rpm limiter, a spedometer, a tachometer and due regulations brought by the government, seat belts, safety glass, structural and crash safety standards and pollution controls. This allows for more cars on the road with less of a detrimental effect on roads, people, the planet and society as a whole.
the same is true for business. regulations, not necessarily all but some are needed to keep the economy running well for a very long time. While this means less booms, like the Internet boom, it also means less busts, like the American housing bust.
We really need to get back on topic about how lame the kony video People are though. Did you hear the guy who made the vid was arrrested for being loaded and fapping in public?
this guy is a fucking noob.
Report: Invisible Children co-founder detained by police; charity made ‘KONY 2012’ video
“So many children, So little food and water… MUST… NOT… FAP”
Being passionate about helping children being killed in a third world country does not cause normal people to walk the street in their underwear masturbating. That’s a sign of insanity.
I want to reply more extensively but yeah this kind of thing can go on forever. Best leave it alone. Currently I’m living in the Netherlands.
also:
+10 internets for you and im stealing that
Why not him? Africa has lots of problems, that’s right, but, if every time someone attempts to solve one of the problems, someone else say “hey, why X and not Y?”, then we will never get anywhere. Not to mention that it is a false dichotomy.
I have seen this time and time again. To say “this cause is wrong” because there is some other “better” choice, sorry, but it is just plain stupid. It’s chimerical to say that it’s possible to rise enough people to fight all problems in the world, but that doesn’t mean we shouldn’t fight at all.
Ok, he was just part of the problem, and not the whole problem, granted. Does that automatically illegitimates any attempt to stop him?
That is just an ad hominem.
This kind of criticism falls into the false dichotomy problem I stated above.
The idea that “spreading the word” don’t help is false. Of course, the word in itself will not accomplish much, but it does incentive people to take action. It also increases the political interest in taking action about it - do something about it, make the people happy, get more votes for your next election.
There won’t be crucial changes in the society until people start demanding those changes and they won’t demand changes until they know about it.