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Freeloading Rusty

Here comes Rover, sniffin’ at your ass
Jan 11, 2016
26,916
26,743
My philosophy is reflected in the basic laws of economics and world history which I've laid out for you many times.
Le Chat Noir
©
I call bullshit, your ‘philosophy’ is unable to account for the numerous market crashes that required govt bails outs to keep it a float.

You point to the American economy as an example of what you claim is great yet you turn a blind eye to it failing twice in the last 12 years.

Actual successful free markets do not require govt intervention and/or bail outs. A successful free market would regulate itself.
 

MartyLife

ยาเม็ดสีแดงหรือสีฟ้ายา?
Feb 7, 2020
1,840
1,637
She seems like a kind lady - trying to give him some life saving advice.
The Governor of Virginia also seems like a kind man trying to give him some similar life-changing advice:




We can all hope he takes their sage advice, as I'm sure he will reconsider.



Namaste
 

FINGERS

TMMAC Addict
Nov 14, 2019
16,509
19,575
Here ya go FINGERS @Evil Cucknievel , these are 10 Fundamental Laws of Economics.
We can't have you spending your whole life being a simple dolt, now can we?

1. Production precedes consumption

Although it is obvious that in order to consume something it must first exist, the idea to stimulate consumption in order to expand production is all around us. However, consumption goods do not just fall from the sky. They are at the end of a long chain of intertwined production processes called the “structure of production.” Even the production of an apparently simple item such as a pencil, for example, requires an intricate network of production processes that extend far back into time and run across countries and continents.

2. Consumption is the final goal of production

Consumption is the objective of economic activity, and production is its means. The advocates of full employment violate this obvious idea. Employment programs turn production itself into the objective. The valuation of consumption goods by the consumers determines the value of production goods. Current consumption results from the production process that extends to the past, yet the value of this production structure depends on the current state of valuation by the consumers and the expected future state. Therefore, the consumers are the final de facto owners of the production apparatus in a capitalist economy.

3. Production has costs

There is no such thing as a free lunch. Getting something apparently gratis only means that some other person pays for it. Behind every welfare check and each research grant lies the tax money of real people. While the taxpayers see that government confiscates part of one’s personal income, they do not know to whom this money goes; and while the recipients of government expenditures see the government handing the money to them, they do not know from whom the government has taken away this money.

4. Value is subjective

Valuation is subjective and varies with the an individual’s situation. The same physical good has different values to different persons. Utility is subjective, individual, situational and marginal. There is no such thing as collective consumption. Even the temperature in the same room feels differently to different persons. The same football match has a different subjective value for each viewer as can be easily seen the moment when a team scores.

5. Productivity determines the wage rate

The output per hour determines the worker’s wage rate per hour. In a free labor market, businesses will hire additional workers as long as their marginal productivity is higher than the wage rate. Competition among the firms will drive up the wage rate to the point where it matches productivity. The power of labor unions may change the distribution of wages among the different labor groups, but trade unions cannot change the overall wage level, which depends on labor productivity.

6. Expenditure is income and costs

Expenditure is not only income, but also represents costs. Spending counts as costs for the buyer and income for the seller. Income equals costs. The mechanism of the fiscal multiplier implies that costs rise with income. In as much as income multiplies, costs multiply as well. The Keynesian fiscal multiplier model ignores the cost effect. Grave policy errors are the result when government policies count on the income effect of public expenditures but ignore the cost effect.

7. Money is not wealth

The value of money consists in its purchasing power. Money serves as an instrument of exchange. The wealth of a person exists in its access to the goods and services he desires. The nation as a whole cannot increase its wealth by increasing its stock of money. The principle that only purchasing power means wealth says that Robinson Crusoe would not be a penny richer if he found a gold mine on his island or a case full of bank notes.

8. Labor does not create value

Labor, in combination with the other factors of production, creates products, but the value of the product depends on its utility. Utility depends on subjective individual valuation. Employment for sake of employment makes no economic sense. What counts is value creation. In order to be useful, a product must create benefits for the consumer. The value of a good exists independent from the effort of producing it. Professional marathon runners do not earn more prize money than sprinters because running the marathon takes more time and effort than a sprint.

9. Profit is the entrepreneurial bonus

In competitive capitalism, economic profit is the extra bonus that those businesses earn that fix allocative errors. In an evenly rotating economy with no change, there would be neither profit nor loss and all companies would earn the same rate of interest. In a growing economy, however, change takes place and anticipating changes is the source of economic profits. Business that does well in forecasting future demand earn high rates of profit and will grow, while those entrepreneurs who fail to anticipate the wants of the consumers will shrink and finally must shut down.

10. All genuine laws of economics are logical laws

Economic laws are synthetic a priori reasoning. One cannot falsify such laws empirically because they are true in themselves. As such, the fundamental economic laws do not require empirical verification. Reference to empirical facts serve merely as illustrative examples, they are not statements of principles. One can ignore and violate the fundamental laws of economics but one cannot change them. Those societies fare best where people and government recognize and respect these fundamental economic laws and use them to their advantage.



Le Chat Noir
©
:cheers:
Classic.

Do you have a source for those ’laws’

id be very interested. it seems once again your economic ideals are based on.....not communism.

No one on here, apart from the magatards, like yourself, ever suggest communism as a viable or even fair system of society.

literally no one but the magatards.

but here we are.

keep swinging champ.
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
1,257
1,932
I call bullshit, your ‘philosophy’ is unable to account for the numerous market crashes that required govt bails outs to keep it a float.

You point to the American economy as an example of what you claim is great yet you turn a blind eye to it failing twice in the last 12 years.

Actual successful free markets do not require govt intervention and/or bail outs. A successful free market would regulate itself.
MY philosophy doesn't require government bailouts, I would let them fail, so why would you claim something I never said?

So are we to believe you've given up on your socialist garbage now and you are advocating for free markets with less gov co regulation, interference, and bail outs?



Le Chat Noir
©
 

FINGERS

TMMAC Addict
Nov 14, 2019
16,509
19,575
I can see you still haven't picked up a book on basic economics or world history.
You're going to have to put down that coloring book one day and become a man.

My philosophy is reflected in the basic laws of economics and world history which I've laid out for you many times.
You have come back with nothing but name calling because you're an empty headed git.

You seem confused as envy, greed, and avarice sum up the left perfectly. You want other people's earnings, you want to tell business what to produce, what to charge, what to pay, etc... Your entire history is Gov Co stealing from the private sector and then pissing away all the money followed by driving the businesses into the ground. (Free historic fact, do a shot you drunken waste).

Trump's economy was doing fantastic prior to Covid and will do even better once he wins in 2020.
Meanwhile your comrades in Venezuela are starving to death thanks to "Democratic" Socialism.



Le Chat Noir
©
classic shat. Venezuela and everything. Love it.

hey. Here’s a thing. If the Trump administration had given the actual people the money earned and paid in taxes to them rather than corporations each household would have netted 33k each!

nuts eh?

but muh Obama or Venezuela.

you have nothing of import to add. We have all lived as taxpayers in the western world since the year 2000.

the game is up
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
1,257
1,932
Classic.

Do you have a source for those ’laws’

id be very interested. it seems once again your economic ideals are based on.....not communism.

No one on here, apart from the magatards, like yourself, ever suggest communism as a viable or even fair system of society.

literally no one but the magatards.

but here we are.

keep swinging champ.


We all know you are a drop out and nearly illiterate, but you truly need to pick up a history book.
See there is a little quote by Lenin "The goal of socialism is communism",
because they have the same core philosophies on wealth and whether government or the private sector should drive society.

Their differences are only in degrees of application, and here is a hard truth you seem incapable of swallowing, socialism in all
it's variations for the past century has a 100% failure rate.

I keep repeating that for you because it's a fact.

Yet you silly socialists seem intent on denying basic facts.
It's as if you want to deny physics and aerodynamics and jump off a cliff flapping your arms and claiming it will work this time!


Meanwhile capitalist have been flying high and laughing as you idiots crash over and over and over again.


Le Chat Noir
©
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
1,257
1,932
classic shat. Venezuela and everything. Love it.

hey. Here’s a thing. If the Trump administration had given the actual people the money earned and paid in taxes to them rather than corporations each household would have netted 33k each!

nuts eh?

but muh Obama or Venezuela.

you have nothing of import to add. We have all lived as taxpayers in the western world since the year 2000.

the game is up

Oh I love pointing out Venezuela because not very long ago you idiots were pointing to them as Democratic Socialism finally working.
Remember Bernie praising them repeatedly? Sure ya do, princess. Now you simpletons want to claim it wasn't real socialism, like all your other failures.

Once again I have no problem with not bailing out failing companies.
How about rather than Gov Co giving people back the 30K they first took from them they simply lessen the tax burden and not take it in the first place?



Le Chat Noir
©
#ProudCapitalist
 

FINGERS

TMMAC Addict
Nov 14, 2019
16,509
19,575
We all know you are a drop out and nearly illiterate, but you truly need to pick up a history book.
See there is a little quote by Lenin "The goal of socialism is communism",
because they have the same core philosophies on wealth and whether government or the private sector should drive society.

Their differences are only in degrees of application, and here is a hard truth you seem incapable of swallowing, socialism in all
it's variations for the past century has a 100% failure rate.

I keep repeating that for you because it's a fact.

Yet you silly socialists seem intent on denying basic facts.
It's as if you want to deny physics and aerodynamics and jump off a cliff flapping your arms and claiming it will work this time!


Meanwhile capitalist have been flying high and laughing as you idiots crash over and over and over again.


Le Chat Noir
©
whats a drop out?

is that something that eventually leaves your clanged up anus and you reform it into some pithy idea you think is funny?

again.

you show you have zero understanding of geo politics.

apart from maga.

keep swinging slugger
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
1,257
1,932
whats a drop out?

is that something that eventually leaves your clanged up anus and you reform it into some pithy idea you think is funny?

again.

you show you have zero understanding of geo politics.

apart from maga.

keep swinging slugger
A drop out is someone who hasn't finished school, but I'm not surprised you immediately think off a man's ass.

LMAO, "geopolitics" has nothing to do with your failed socialist economic philosophy.




Le Chat Noir
©
#ProudCapitalist
 

Freeloading Rusty

Here comes Rover, sniffin’ at your ass
Jan 11, 2016
26,916
26,743
MY philosophy doesn't require government bailouts, I would let them fail, so why would you claim something I never said?

So are we to believe you've given up on your socialist garbage now and you are advocating for free markets with less gov co regulation, interference, and bail outs?



Le Chat Noir
©
OK, so we both agree that America’s version of capitalism is a failure.

I am curious, which successful examples have you been citing as ‘history’?
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
1,257
1,932
OK, so we both agree that America’s version of capitalism is a failure.

I am curious, which successful examples have you been citing as ‘history’?
Well we both agree that it could be more successful and that even with it's worst failures it is still
a million times more successful than any form of socialism, which always results in tyranny and economic disaster.

After all capitalism has produced more personal wealth, and advances in science, medicine, technology, agriculture, etc... than any other system in the history of the planet. Of course you know that and are desperate for some way to explain it away.

Maybe try growing up and dealing with the world as it is, rather than operating on emotion and bitterness?



Le Chat Noir
©
 

FINGERS

TMMAC Addict
Nov 14, 2019
16,509
19,575
A drop out is someone who hasn't finished school, but I'm not surprised you immediately think off a man's ass.

LMAO, "geopolitics" has nothing to do with your failed socialist economic philosophy.




Le Chat Noir
©
#ProudCapitalist
hmmmmm


im really not sure you are capable of anything but regurgitating anything that hasn’t been spoon fed to you.

your knowledge is single dimension.

You are sleep walking into being the new Brazil.

maga.

look around the world. See how successful and happy countries operate.

it really isn’t like Trumps values. At all.

muh. Greatest country in da world!

a drop out doesn’t mean the same here as where you are.

but of course that doesn’t matter to you.

maga!
 

FINGERS

TMMAC Addict
Nov 14, 2019
16,509
19,575
Well we both agree that it could be more successful and that even with it's worst failures it is still
a million times more successful than any form of socialism, which always results in tyranny and economic disaster.

After all capitalism has produced more personal wealth, and advances in science, medicine, technology, agriculture, etc... than any other system in the history of the planet. Of course you know that and are desperate for some way to explain it away.

Maybe try growing up and dealing with the world as it is, rather than operating on emotion and bitterness?



Le Chat Noir
©

Perhaps instead of the silly name calling and memes you could show us the link of where that list came from?

Why won’t you show us?
 

Freeloading Rusty

Here comes Rover, sniffin’ at your ass
Jan 11, 2016
26,916
26,743
Well we both agree that it could be more successful and that even with it's worst failures it is still
a million times more successful than any form of socialism, which always results in tyranny and economic disaster.

After all capitalism has produced more personal wealth, and advances in science, medicine, technology, agriculture, etc... than any other system in the history of the planet. Of course you know that and are desperate for some way to explain it away.

Maybe try growing up and dealing with the world as it is, rather than operating on emotion and bitterness?



Le Chat Noir
©
Still unable to provide a specific example.
 

Thuglife13

✝👦🍕🍦🍩
Dec 15, 2018
20,385
27,213
Hilarious .

Good job there isn’t a global pandemic going on so Trump and his team can concentrate on cutie pieing the media

This is the difference between him and Obama. Obama was useless at being a cutie pie to the media.

The left can’t meme.

they can govern but their meme game is weak and that’s what’s more important.
No he just showed them his boner and the fake-and-gay media was on their knees like they always are for Democrats and Liberals...

 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
1,257
1,932
Still unable to provide a specific example.

You need specific examples of America prospering and advancing while the USSR, Vietnam, Laos, East Germany, Cuba, Venzuela, etc... fell into starvation and then total collapse? As if you have never cracked open a history, science, or it book? Are you really reduced to pretending you're that stupid?

You are so emotionally dependent on your weird faith in socialism that you have to ignore all of human history to maintain it.

I'm not the one with a 100% failure rate, it's you who needs to answer for supporting a system that's has killed 100 million and brought countries to complete ruin. Now tell us the philosophical and practical differences that this "new" socialism brings so that your failures will not continue as they currently exist in Cuba and Venezuela.

#GoodBoy



Le Chat Noir
©
 

FINGERS

TMMAC Addict
Nov 14, 2019
16,509
19,575
You need specific examples of America prospering and advancing while the USSR, Vietnam, Laos, East Germany, Cuba, Venzuela, etc... fell into starvation and then total collapse? As if you have never cracked open a history, science, or it book? Are you really reduced to pretending you're that stupid?

You are so emotionally dependent on your weird faith in socialism that you have to ignore all of human history to maintain it.

I'm not the one with a 100% failure rate, it's you who needs to answer for supporting a system that's has killed 100 million and brought countries to complete ruin. Now tell us the philosophical and practical differences that this "new" socialism brings so that your failures will not continue as they currently exist in Cuba and Venezuela.

#GoodBoy



Le Chat Noir
©

I don't believe you are so dim. I think you are just attention seeking.

Your system is broken.

A socialist model such as Germany would be seen as communism in your blinkered, brainwashed eyes.

Same as Sweden, France, Ireland, Austria, New Zealand.
 

Le Chat Noir

Le Chat Noir ©
Jan 28, 2020
1,257
1,932
Perhaps instead of the silly name calling and memes you could show us the link of where that list came from?

Why won’t you show us?

Oh I have no problem with that.


You will do your standard left wing attack the source, as if you have the intellect to dispute the facts, and we'll all laugh at your broke drunk ass trying to sound intelligent.

Now, instead of thinking you're in a position to ask question, tell everyone what the results have been when socialists break these laws.
Go ahead, tell everyone about the mass imprisonment for operating on the black market because the state can't provide enough food.
Tell everyone about the state nationalizing industries and then driving them into the ground.
You can finish by explaining the total economic collapse of every socialist nation in history.

We're waiting.....



Le Chat Noir
©
 

Freeloading Rusty

Here comes Rover, sniffin’ at your ass
Jan 11, 2016
26,916
26,743
You need specific examples of America prospering and advancing while the USSR, Vietnam, Laos, East Germany, Cuba, Venzuela, etc... fell into starvation and then total collapse? As if you have never cracked open a history, science, or it book? Are you really reduced to pretending you're that stupid?

You are so emotionally dependent on your weird faith in socialism that you have to ignore all of human history to maintain it.

I'm not the one with a 100% failure rate, it's you who needs to answer for supporting a system that's has killed 100 million and brought countries to complete ruin. Now tell us the philosophical and practical differences that this "new" socialism brings so that your failures will not continue as they currently exist in Cuba and Venezuela.

#GoodBoy



Le Chat Noir
©
In one post you agree America has failed at capitalism, numerous times. The current American economy is FAR from an unregulated free market economy... then in the next post you again point to America as your example of a successful example of a capitalist free market. You can’t have it both ways and maintain any shred of credibility.

America is $25,000,000,000,000 in debt and vastly increasing that debt yearly. Multiple industry bail-outs, citizens living off handouts. Most Americans are one or two missed pay cheque’s away from going broke.. How long will it be sustainable? If it wasn’t for the debt you will be pushing into your kids, America’s mutated version of capitalism would be dead by now. The idea of current America as a free market is factually incorrect.

So again, I will ask. I am not asking for specifics on how you see America is better than those previously mentioned failed socialist states. What I am asking for is, a (or a few) examples of this pure capitalist state you keep pining for and romanticizing as historic fact?

Not sure where you got the ideas I am emotionally attached to the idea of socialism. I have stated it isnt the answer. What I have been stating is, what you are describing as the best is not what America subscribes to... so if you want to keep up capitalism cheerleading you should probably find a more successful and factually accurate example?