What is the Best Economic System ?

I came across this very simple BUT effective comparison tool in deciding what Economic system i would choose......
In these days of cuts, austerity, savings, shortages, those with and those without it does make you wonder....

Sorry if some find the link not what they expected but........

9gag.com...

Regards

PDUK

reply to post by PurpleDog UK


Any economic system without an associated system of morality, is doomed to failure if allowed to run without internalized and accepted moderation of excess and abuse inherent in human nature. Economic systems are just the engine, and an engine needs an operator that knows the limitations of the engine and the goals of the journey

reply to post by PurpleDog UK


Capitalism!

Originally posted by FriedrichNeecher
reply to post by PurpleDog UK

 

Any economic system without an associated system of morality, is doomed to failure if allowed to run without internalized and accepted moderation of excess and abuse inherent in human nature. Economic systems are just the engine, and an engine needs an operator that knows the limitations of the engine and the goals of the journey

What you say is so true concerning Morality, something which I think has been lost by most over the past 12-15 years or so....... As I have said in another post today, there has been a complete ''money grab'' by pretty much everyone able to do so in the UK and wider western world....! We, as a society have conviently parked our morality in pursuit of suppossed material wealth and happiness...

Regarding an 'operator' though, are you suggesting that Governments act as that ? I know they have failed so far but there is also alot of dissatisfaction with the controls they current use to controls the masses....

Regards

PDUK

it forrgot Mexican Capitalism,

They have 2 Cows, you go for a siesta and when you wake up they have been replaced with a taco stand

reply to post by PurpleDog UK


Operator is consensus of the group. This may or more frequently may not be intrinsic to govt.
I think it's been well documented that govts quickly become tyrannical and function for their own benefit.
The delinking of the individual from inevitable natural law seeking shelter in ever modifiable human law is always the stickiest of wickets, hence the universal headlong rush to acquire power and defend itself against all comers for any reason upon formation of any govt.
The real issue is that worldly universal perfection in not possible on this level of existence, and pperhaps the real secrets are elsewhere

Historically speaking , it would have to be bartering. As soon as commerce gets too large to operate using barter, money enters into the picture. From there it goes down hill....usury, banking, middlemen leads to corruption and greed....pretty much where our global economy is right now!

Originally posted by FriedrichNeecher
reply to post by PurpleDog UK

 

Operator is consensus of the group. This may or more frequently may not be intrinsic to govt.
I think it's been well documented that govts quickly become tyrannical and function for their own benefit.
The delinking of the individual from inevitable natural law seeking shelter in ever modifiable human law is always the stickiest of wickets, hence the universal headlong rush to acquire power and defend itself against all comers for any reason upon formation of any govt.
The real issue is that worldly universal perfection in not possible on this level of existence, and pperhaps the real secrets are elsewhere

When you talk about an 'Operator' then you are suggesting that is a 'state of mind' of the concensus, the people's respect and understanding of the environment they find themselves exisiting in ?
From what you say about Governments, they are, as I have always suspected just outlets and groupings for those whom are meglomanic in nature and will NEVER be respectful to anything but Ego gratification...

Finally, Worldly Perfection ? Are we talking spiritual here? taking our minds and conciousness to a level which most can't see.......... or are we too vast in number to exisit in harmony with our environment ?

Regards

PDUK

reply to post by JakiusFogg


JF

That's the spirit..... be careful though the Mexican Ambassador might be after you now that he dealt with the Top Gear team...

PDUK

reply to post by PurpleDog UK

That's OK I actually plan to buy a STIG outfit from the local Tescos for my boy and take it back to Mexico with me!!!

Besides I'm allowed to say these things being an expat resident

reply to post by PurpleDog UK


My opinions of how to create and transfer wealth most efficiently are of no matter. The most efficient form at least one extreme point of view is simply theft, which is what govts are good at making seem like it's something other than what it is. Perhaps that;s why it seems to be the final common pathway.
Our purpose on this planet and with this lifetime? I wish I knew for sure, but one thing I know, that consensus or perfection is in the eye of the beholder and every eye beholds things differently and as such the more eyes involved, the more "AYIIES!!" are in the offing. Mostly I think were here to realize the results and value of thinking for the moment vs thinking for the future

I think that pretty much says it all.

Communism is a dismal failure obviously. Socialism is in the process of failing as evidenced by government default in Europe. So that leaves Capitalism. The only problem with that, is that eventually someone is going to end up with ALL of the money - just like when you play Monopoly.

When you get to the point where we are now, with the top 2% of the population controlling 98% of the nation's wealth, we have a problem. I'm all for everyone being able to enjoy the fruits of their own labor, but when you're taking a dump in a solid gold toilet (I know it's an extreme example, but you get the point) while there are homeless and hungry in the streets then I say you have enough.

You can't legislate a ceiling on personal income, but you can tax the hell out of the Uber-rich, especially their income generating companies, and especially especially those that do most of their business overseas. Companies employing American workers in America should get the best tax breaks; companies that offshore their employees should get taxed to death. NO ONE is immune from having their job off-shored apparently. I had an MRI done a couple of years ago, and the digital images were read by a radiologist in India who emailed his report back. Even doctors can lose their jobs to off-shore competition.

And while I'm ranting, here's a pet peeve of mine: Social Security is a program designed to keep the elderly and disabled from falling through the cracks, providing an income for those unable to work so they don't have to eat dog food; so why do the rich get it when they retire? IMHO, at a certain level of income, Social Security should be stopped. Yes, I know that even the rich have paid into it; but they don't need it: think of it as Term Economic Insurance. People pay insurance premiums all the time on the chance something bad may happen. Same thing. With Social Security on the brink of bankruptcy, you would think that the government would take steps to stop payments to individuals - millionaires - that can be in excess of $10,000 a month.

reply to post by OldCorp


OC

I tend to agree with you in the fact that I think we have now reached a HUGE polarisation in society. Those with and Those without is at a stupid level and you analagy of 'Golden Toilets' say it all really...... Why would someone, so hugely wealthy purchase a gold toilet or numerous amounts of blingy trinckets instead of doing something 'positive' with it..... it smacks of Mental retardness that those who achieve fame and fortune and huge wealth cant see the damage to society they are doing.......

Your rant about social security payments got me curious, why did you say wealthy individuals recieve these payments??? I don't understand ??

PDUK

Canada's Banks!

the best economic system? Any one, as long as it isn't corrupt.

get rid of all money, get replicators, only work to progress society and the federation

Originally posted by PurpleDog UK
reply to post by OldCorp

 

OC

I tend to agree with you in the fact that I think we have now reached a HUGE polarisation in society. Those with and Those without is at a stupid level and you analagy of 'Golden Toilets' say it all really...... Why would someone, so hugely wealthy purchase a gold toilet or numerous amounts of blingy trinckets instead of doing something 'positive' with it..... it smacks of Mental retardness that those who achieve fame and fortune and huge wealth cant see the damage to society they are doing.......

Your rant about social security payments got me curious, why did you say wealthy individuals recieve these payments??? I don't understand ??

PDUK

In the US, in addition to "Income Tax," a separate deduction is REQUIRED to be withheld from the paycheck of every working American. This money is held by the government, in "trust" with the intention of giving it back to the worker as retirement income. As you can imagine, over a 40 year career in the workforce, this can build up to be quite a bit of money (depending on your original income.) It doesn't make any difference what you do for a living: Joe Smith fry cook contributes to this slush fund the same as Bill Gates internet billionaire, and both get that money back when they turn 65. Of course, if they die early, the government keeps the money.

When he retires, Joe Smith is going to get several hundred dollars a month; but someone like Bill Gates would get a staggering amount of money, hence the $10,000 a month figure (which I just pulled out of my butt, but is probably not far off the mark.)

ETA: It makes me sick too, the things people waste their money on when their neighbors are hungry. I have an idea for a new reality show: "Paris Hiton Life Swap." Let some poor family live in her house for 6 months, while she see what it's like trying to raise a family on $800 a month. I'd REALLY like to see how that plays out.

this is where i stopped reading:

Nazism: you have 2 cows, the state takes both and shoots you.

citizens of nazi germany prospered and lived very well. ever wonder why they never revolted and fought to the last man last bullet all the way to berlin? they where happy and treated well under that system...

Why isnt there just be infinite money?
Thats be the perfect system?

(insert stick figures of your choice here)

Ahahahahah!