Funny Economist - Randall Parker's Completely Serious Macroeconomics Blog: Dipsh$ts

Monday, October 24, 2011

Dipsh$ts

11 comments:

Andrew said...: There is a modified version of this image that is much more applicable. At any rate, it is corporate greed they are angry about, among other things. At any rate, they cannot just use non-corporate hardware, as it really doesn't exist due to corporations owning and controlling the means of production. The people have every right to be worried by corporate influence in government and the decisions they influence. Bribery has become legalized in this country, although I wonder if it was ever truly illegal.; October 24, 2011 at 10:19 PM
Randall Parker said...: Then if you are going to enjoy the fruits of corporate innovation, why belly ache about it? Look at the paper this morning and the good folks of New York are just about done with these hippies crapping and peeing in the city parks, banging their drums all night making all kinds of racket. When capitalism becomes so successful that these filthy miscreants can hang out for months without any effort toward their own productive gain, then maybe capitalism is the problem, just like Schumpeter said. This is what the "Trophy Generation" has gotten us. How do you like it?; October 26, 2011 at 10:27 AM
OccupyGreenville said...: How about Occupy Grandma's????????

http://www.economist.com/blogs/freeexchange/2011/10/generational-warfare?fsrc=scn/fb/wl/bl/occupygrandmashouse

Don't blame it on the "Trophy Generation" - it was the babyboomers (that ones our grandparents warned everyone about decades ago) who "raised" us.; October 26, 2011 at 12:26 PM
Andrew Ray Gorman said...: You missed the point. It isn't enjoying the fruits of "corporate innovation". Corporate innovation serves to benefit only the rich anyways, because it isn't true innovation, just ways to increase profit. This has no benefit to the workers, as real wages have not increased since the late 1970's.

Productivity from the workforce has increased exponentially, but to no benefit to the working people. This system would have imploded on itself sooner, had not the banks gotten involved. When you can store this mass amount of profit in the banks, which then loan the money to the people (who need it due to the lack of real wages and a higher cost of living), this causes an eerie relationship between the banks and the corporations. Capitalism IS the crisis.; October 26, 2011 at 8:20 PM
Randall Parker said...: Dear Andrew: Economics is all about how to deal with life and want in a world of scarce resources. Scarcity is the thing and it never goes away. Any innovation that does a better job of allocating our scarce resources has enormous benefit for you and for all. Any of our loyal readers of this Blog want to give Andrew a further and polite lesson in Economics 101?; October 27, 2011 at 7:55 AM
ArmChairEconomist said...: Andrew, if capitalism is the crisis, what is the solution? As Milton Friedman said, no system has pulled the masses out of povert like capitalism.; October 27, 2011 at 8:58 AM
Andrew Ray Gorman said...: Armchair Economist, I really could care less what Milton Friedman said. He supported the fascist Pinochet, who overthrew a democratically elected socialist government.

Capitalism is about private ownership of the means of production. Again, how exactly is it that it is pulling the workers into prosperity by reducing their wages, while causing the CEO's to reap massive profits?; October 27, 2011 at 9:28 AM
Randall Parker said...: Well now, there you have it ladies and gentlemen, there you have it! Andrew boils it all down to its essence. Private property is the enemy. Let us thank him for punching our first collective ticket for our societal ride on Hayek's "Road to Serfdom." All aboard!; October 27, 2011 at 11:39 AM
ArmChairEconomist said...: Andrew, I think you mean you couldn't care less. Regardless, if you can't see that capitalist nations have less (and less-extreme) poverty, there is little hope for you. In the big picture, capitalist wages (even at the bottom) are higher. Is there volatility acros time? Sure, but I'd much rather be poor in a communist nation than anywhere else. Which system do you prefer? What is your solution because crying & complaining isn't going to solve anything.

hey Dr Parker, choo-choo!; October 27, 2011 at 12:33 PM
Andrew Ray Gorman said...: I browsed through that book by Hayek before. It seemed so full of contradictions to really bother with it. But explaining that in a comments section will look too muddled. Also a tad busy working through Marx's Das Kapital finally.; October 29, 2011 at 1:17 AM
Randall Parker said...: Well, good luck with that young. You have just chosen misery and poverty and want over affluence and fecundity. Look at a satellite photo of the Korean peninsula at night. Think about what you see and what it means. If you pick Das Kapital back up again, may God have mercy on your brain and soul.; October 29, 2011 at 6:24 PM

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