On Obamanomics

[quote]orion wrote:

Well first, where would that be billion be? There is only one billion left and they do not seem to able to get at least a stable dictatorship going. If they also rose to lower middle class level, more power to them. That would probably cost us another decade of stagnating wages but so what Africans are people too. Incidentally China already is starting to outsource.
Sooner or later it will stop though because we will run out of poor people and than wages will rise again world wide. [/quote]

Since you’ve asked, here’s a map. Are you quite sure that they all “do not seem to able to get at least a stable dictatorship going.” Seems like quite the over-generalization and a complete misunderstanding of economic history…


At best you are explaining your argument poorly. The only way your logic works is if the total number of workers in the world is increasing at a rate greater than the world GDP. Do you have stats to show this? I’ve never seen it done.

You are not seriously arguing that there is no role for government in pro-poor growth? Or that growth can occur without involving the poor, are you? “Central planning” is as much an extreme and as poor an idea as a free market completely unfettered by government regulation. period.

[quote]Gambit_Lost wrote:
orion wrote:

Well first, where would that be billion be? There is only one billion left and they do not seem to able to get at least a stable dictatorship going. If they also rose to lower middle class level, more power to them. That would probably cost us another decade of stagnating wages but so what Africans are people too. Incidentally China already is starting to outsource.
Sooner or later it will stop though because we will run out of poor people and than wages will rise again world wide.

Since you’ve asked, here’s a map. Are you quite sure that they all “do not seem to able to get at least a stable dictatorship going.” Seems like quite the over-generalization and a complete misunderstanding of economic history…


At best you are explaining your argument poorly. The only way your logic works is if the total number of workers in the world is increasing at a rate greater than the world GDP. Do you have stats to show this? I’ve never seen it done.

Then, so what if nobody made that happening vis a central plan. That just shows what libertarians have said all along namely that the free market takes care of poor people best. Surely achieving the goals without coercion is even better?

You are not seriously arguing that there is no role for government in pro-poor growth? Or that growth can occur without involving the poor, are you? “Central planning” is as much an extreme and as poor an idea as a free market completely unfettered by government regulation. period.
[/quote]

See, most of them are in Africa.

And they are a backward people.

All 4000 people that there are.

Then, you have it backwards. Exactly because world GDP grows faster than population growth wages will eventually rise.

And no there is no role for the government in redistribution. The markets distributes to poor people if they work, democratic governments redistribute to their constituencies.

Note that the poorest of the poor do not belong to their constituencies and that after decades of development aid all we did was keeping some ugly despots in power.

Seems that capitalism and globalization is achieving what welfare theoreticians also wanted to do, abolish at least the worst forms of poverty, and yet they do not like it either.

[quote]Gambit_Lost wrote:
I’m pretty sure Obama is a stinky socialist. He’s ruining our country.
-Gambit_lost, Sept. 29, 2009 [/quote]

I’m tattoing that one on my ass.

Speaking of living standards… I met a guy I went to college with, he’s living in his car now. That beez cozy, homie.

[quote]Beowolf wrote:
K2000 wrote:
^^ Apropos of nothing, I guess. Fair enough.

Meanwhile, real wages actually went down under the last 8 years of Republican control. Americans are making less money than they did during the 90s, when adjusted for inflation. The average household’s income has declined. Americans are working more and making less, than they did before. And with all the layoffs, employees are being asked to do more, with less staff. So we work harder and earn less money than before.

I remember when I was a kid, most households had one income. Dad worked, and Mom stayed at home and took care of the kids. That was real “family values”… which are at their core an economic phenomena, and not a cultural one. That’s not possible for most families now… Mom has to work, out of necessity. And so we see the decline in values in our youth. It’s not a coincidence IMO.

But we’ll put ZEB in the category of ‘don’t change a thing’ because apparently he’s doing fine, financially. Duly noted.

The labor market in America has changed drastically since those olden days. We also consider a lot mroe stuff “essential” compared to what people used to live on. And real estate prices have freakin skyrocketed thanks to free money from the fed.

So, basically, the time you’re describing? That super awesome time when one persons income was enough? It existed before big government.

[/quote]

Yeah, like back in the late 40s and 50s, when, for example, under Eisenhower, the top tax bracket was something like 90%…

[quote]orion wrote:
Gambit_Lost wrote:
orion wrote:

Well first, where would that be billion be? There is only one billion left and they do not seem to able to get at least a stable dictatorship going. If they also rose to lower middle class level, more power to them. That would probably cost us another decade of stagnating wages but so what Africans are people too. Incidentally China already is starting to outsource.
Sooner or later it will stop though because we will run out of poor people and than wages will rise again world wide.

Since you’ve asked, here’s a map. Are you quite sure that they all “do not seem to able to get at least a stable dictatorship going.” Seems like quite the over-generalization and a complete misunderstanding of economic history…


At best you are explaining your argument poorly. The only way your logic works is if the total number of workers in the world is increasing at a rate greater than the world GDP. Do you have stats to show this? I’ve never seen it done.

Then, so what if nobody made that happening vis a central plan. That just shows what libertarians have said all along namely that the free market takes care of poor people best. Surely achieving the goals without coercion is even better?

You are not seriously arguing that there is no role for government in pro-poor growth? Or that growth can occur without involving the poor, are you? “Central planning” is as much an extreme and as poor an idea as a free market completely unfettered by government regulation. period.

See, most of them are in Africa.

And they are a backward people.

All 4000 people that there are.[/quote]

“most” + 4000/1billion = sense?

[quote]

Then, you have it backwards. Exactly because world GDP grows faster than population growth wages will eventually rise. [/quote]

But not until wages stabilize across boarders. I’m sure it’ll only be the “statists” who go to war as this occurs.

[quote]And no there is no role for the government in redistribution. The markets distributes to poor people if they work, democratic governments redistribute to their constituencies.

Note that the poorest of the poor do not belong to their constituencies[/quote]

Certainly there is no example in history where some pockets were not “constituencies” of the free market. I couldn’t possibly imagine you could even think of one.

Too true! “development” aid going to keep despots in power…how very developmental, no? Its quite apparent to anyone who has looked that “development” falls a far third on the list of reasons why development dollars are given. 'Couse the damn Scandinavians have their hands (and sometimes even dollars) raised in objection.

I’m not quite sure who you consider “welfare theoreticians” to be, but if you are talking about the World Bank and IMF and you consider them to be either “anti-capitalist” or “anti-globalist” I think you are drinking from a cool-aid similar to the protesters.

[quote]archiewhittaker wrote:
Gambit_Lost wrote:
I’m pretty sure Obama is a stinky socialist. He’s ruining our country.
-Gambit_lost, Sept. 29, 2009

I’m tattoing that one on my ass.

Speaking of living standards… I met a guy I went to college with, he’s living in his car now. That beez cozy, homie.[/quote]

Dude, I hear you. I blame Obama 100% for the economic collapse!