
It's also quite convenient that our defenders of the banking system have quietly vanished.


qmartindale wrote:I haven't seen any defenders of the banking system status quo on this forum, but I'm not as active as y'all.
An interesting issue to note is that the Bank of Canada (Canada’s central bank) was created in 1934 as a private bank, and it was transformed into a government-owned bank in 1938, and was then able to lend to the government without interest, and thus, “the Bank is ultimately owned by the people of Canada.” The job of the Bank is to manage monetary policy, by issuing the currency and setting interest rates. Canada had a unique central bank, as most other central banks were founded and maintained as private banks (responsible to private shareholders), such as the Bank of England (1694), the Bank of France (1801), and the Federal Reserve Bank of the United States (1913). It was responsible for financing Canada’s war machine during World War II, railways, the St. Lawrence seaway, the TransCanada Highway, schools, hospitals, healthcare, pensions, and social security, all with no interest attached. Between 1940 and 1974, Canada had a national debt below $18 billion. In 1974, all of this changed as Canada sunk into its neoliberal abyss, when private banks (the “big five” in Canada) essentially took over the function of lending to the government, and at high interest rates, with Canada paying over $61 billion per year on interest to private banks alone. Between 1981 and 1995, the Canadian government collected $619 billion in income tax, but because the debt was owed to private banks, instead of being interest-free with the Bank of Canada, during that same period of time, the Canadian government paid the private banks $428 billion in interest payments.[2]
For example, organ farms (really “hospitals” that removed organs from paid donors) arose in Pakistan, the Philippines and various other states to supply first-world demand for transplants, though these were ultimately replaced by transgenic methods that used animals.
Nation buying
In Russia at this time, a new form of civil right was introduced. It permitted any citizen or registered company to buy shares in the state, thus giving weighted voting according to the number of shares purchased
Increases in successful free-market reform yielded increases in individual freedom.
In some countries, medical and education vouchers were earned through the avoidance of legal “demerits.” Citizens with a record of infractions were barred from schooling beyond high school.
Drug offenders were either exported to states that had legalized drug use — or confined to privately run “Virtual Holiday” camps, where non-lethal drug use was permitted

We really are in a war here with "elites" and oligarchs. The 1% totally has it in for the entire social safety net
Not only that, but they WANT unemployment to be high, to "increase the flexibility of the labor market" (a neoliberal euphemism for making the poor poorer by cutting wages).
And it IS class war against the 99%.
In practical terms, this is where skepticism meets social justice in the core. If you can't afford an abortion, who was pro-choice ceases to matter (and I really resent my access to abortion being held hostage by these co-conspiring neoliberal assholes.)
Labor Market Flexibility has little to nothing to do with unemployment

Fellow class warriors, see the troll in action.
Understand that "flexibility in the wage market" is codespeak for "making you scared of losing your job, so you'll do more for less." This is all class war 101.

John.M wrote:I read the article linked. Apart from being a rather bloviated donation grab, its transparently conspiratorial, with very little evidence provided for the high degrees of malicious agency he attributes to a disparate and disconnected collection of individuals (the 1%)
John.M wrote:We really are in a war here with "elites" and oligarchs. The 1% totally has it in for the entire social safety net
There is no 1%.Attributing agency to nothing more than a percentile sampling of a collection of individuals, especially one that is incredibly fluid, is erroneous, in my opinion. The majority of those who constitute the top 1% will not be in the top 1% in a few years time. This has a lot to do with asset wealth being counted as total income. If most of us sold our house this year, we would jump into the top 1% for this year, and be back the following year.BECAUSE WORD GAMES!
John.M wrote:Not only that, but they WANT unemployment to be high, to "increase the flexibility of the labor market" (a neoliberal euphemism for making the poor poorer by cutting wages).
Again, attributing agency and desire to an amorphous group. In an inaccurate way I might add. Labor Market Flexibility has little to nothing to do with unemployment.
John.M wrote:Inflexible labor policies will almost always lead to unemployment.
John.M wrote:Firms have an incentive to provide as a low a wage as possible while being able to attract enough demand for a given position; the degree of unemployment this calculation does or doesn't cause in the firm's greater society is completely out of the scope of what a business institution's self interests would, or even could, concern itself with.
John.M wrote:And it IS class war against the 99%.This is conceptually flawed. Over 50% of those in the "1%" were part of the "99%" one year previous. Was there a war against those people?MORE WORD GAMES!
In practical terms, this is where skepticism meets social justice in the core. If you can't afford an abortion, who was pro-choice ceases to matter (and I really resent my access to abortion being held hostage by these co-conspiring neoliberal assholes.)
Neoliberalism has nothing to do with abortion.
John.M wrote:Fellow class warriors, see the troll in action.
Okay. I don't see how anything I said could be construed as 'trolling',
John.M wrote:Understand that "flexibility in the wage market" is codespeak for "making you scared of losing your job, so you'll do more for less." This is all class war 101.
You said labor market flexibility in your first post, now "wage market flexibility". These are two different things.
Firms have an incentive to provide as a low a wage as possible while being able to attract enough demand for a given position; the degree of unemployment this calculation does or doesn't cause in the firm's greater society is completely out of the scope of what a business institution's self interests would, or even could, concern itself with.
So I went over and talked to his assistant Lucille Woo and she said “it’s all implicit, all implicit” and I confronted her with it and she said “Yes that’s what we did”!

smhll wrote:Firms have an incentive to provide as a low a wage as possible while being able to attract enough demand for a given position; the degree of unemployment this calculation does or doesn't cause in the firm's greater society is completely out of the scope of what a business institution's self interests would, or even could, concern itself with.
I really can't parse this. You are saying what is completely out of the scope of what? Please rewrite or you will be not understood.

wind wrote:Are you arguing that " labor market flexibility" and "wage market flexibility" are different things?
Setar wrote:The writer has worked in politics; you are dismissing lived experience.
Setar wrote:No. I'm not here to play word games. Cease this nonsense and make an actual point.
Setar wrote:How about the fact that fully half of your post was you playing word games to try and pull some sort of objection out of your ass?
smhll wrote:I really can't parse this. You are saying what is completely out of the scope of what? Please rewrite or you will be not understood.
Setar wrote:It also happens to be the reason why the "think of the poor businesses" is mostly a non-argument; we should be framing things in terms of social justice and helping people, not bullshit like "efficiency" or "economic growth" or "job creation" or anything like that.
Refer to my previous response wherein I word my argument in the absolute simplest way, such that a toddler could understand it.
John.M wrote:Setar wrote:The writer has worked in politics; you are dismissing lived experience.
The writer has worked in politics therefore I can't disagree with him?
John.M wrote:Setar wrote:The writer has worked in politics; you are dismissing lived experience.
The writer has worked in politics therefore I can't disagree with him?
John.M wrote:Setar wrote:No. I'm not here to play word games. Cease this nonsense and make an actual point.I meant exactly what was said the way I said it. The argument from the OP: "the 1% is at war with the 99%". My argument: This is not supported, because; Premise 1: The 1% doesn't exist in the sense you're describing, because; Premise 2: The 1% is a highly fluid group which can include even low income people.When I use a word, it means just what I choose it to mean—neither more nor less.
How is this a word game?
John.M wrote:Setar wrote:It also happens to be the reason why the "think of the poor businesses" is mostly a non-argument; we should be framing things in terms of social justice and helping people, not bullshit like "efficiency" or "economic growth" or "job creation" or anything like that.
"Bullshit like job creation". Seriously? People work, people need jobs. The greater the degree that jobs can be created the better off those people who need to work are.
wind wrote:Are you arguing that " labor market flexibility" and "wage market flexibility" are different things?
Yes. Thats exactly what I said. Wage flexibility is one factor which effects labor market flexibility, which itself is made up of a variety of factors; ie, regulating when and how firms can fire workers is one way of affecting labor flexibility without changing wages. They cannot be used interchangeably.

Return to Politics and current affairs
Users browsing this forum: No registered users and 1 guest