- Feb 2021
There’s so much money that goes to the creditors to the top 1 percent or 5 percent that there is no money for capital investment, there is no money for growth. And, since 1980 as you know, real wages in America have been stable. All the growth has been in property owners and predators and the FIRE sector, the rest of the economy is in stagnation.
Cross-reference with Post article "The intellectual cesspool of the inflation truthers" and "ShadowStats"
And if you read what the business schools in the late 19th century taught like Simon Patten at the Wharton School, it’s very much like socialism. In fact, it’s very much like what China is doing.
“We’ve moved away from the whole ethic of what was industrial capitalism.”
Defend this argument in 2021 America.<br> Refute this argument in 2021 America.<br> Contemplate the genesis behind this argument Share opinion regarding this argument.
And essentially, we became what’s called a rent-seeking economy, not a productive economy. So, when people in Washington talk about American capitalism versus Chinese socialism this is confusing the issue. What kind of capitalism are we talking about?
What kind of capitalism are we talking about?
We are starting to see critical thinking and discussion around "hard" but necessary truths. These truths center around complicated concepts, controlled by politicians, MSM and others who would rather not have this discussion. America's general population seems lost, gorging on the dumb-down need to know culture (those that have and can dictate what the rest need to know) and group think, herd mentality.
- WTF capitalism
- US Economy
- Business schools
- Defend & Refute
- Simon Patten
- Dumb down culture
- Financial capitalism
- US Real Wages
- FIRE sector
- American capitalism
- Wharton School
- Industrial capitalism
Even worse, Shadow Stat's numbers show so much inflation the past 25 years that, as Jim Pethokoukis points out, it implies the economy hasn't grown at all during that time.
Real economic numbers validate a 25 year period (or more) of manipulated inflation and low growth economy. INCOME INEQUALITY statistics and recent studies ALL validate fuzzy math, rosy picture for the 1% and stagnant dismal picture for average Americans. Trump based his entire campaign and Presidency on Making America Great Again
All it costs is $175 a year for your Shadow Stats subscription—and, of course, any credibility you had left.
Rhetoric - Government attack - Spin
So which seems likelier: that we're no better off than we were a quarter century ago, or that Shadow Stats is total bunk?
This is an easy question to answer from my perspective. For me (age 62) and most of my peers, their kids and their peers, we are NO better off than we were a quarter century ago! A large part is the change from Industrial/Manufacturing to Technology and the outsourced labor and manufacturing. America has changed, this is FACT
And that's impossible.
3. The Shadow Stats numbers would mean we've been in a depression since 1988.
Truth. History now validates this statement
2. Private inflation estimates match the government's.
Create credible narrative talking points
That's not a method. It's a punchline.
The intellectual cesspool of the inflation truthers
Powerful Headline (words) from a Washington Post article under Economic Policy. WORDS.....! Words..... When you study Legal Theory you learn that "words" play a significant role in all aspects of social order.
Controlling the rhetoric with consistent narrative
This statement simply implies the use of consistent narrative (story) to allow control of the rhetoric. Narrative can be viewed as believable while Rhetoric is a general pejorative. When the rhetoric is mis or dis-information the narrative must be credible.
Main stream media (MSM) has held a long-term standing across the world as being credible. This standing is eroding. It has eroded considerably over the last 25 years among critical thinkers and the general population has started to take notice.
I question everything from MSM especially when narrative is duplicated with identical rhetoric across known government media assets. History is a wonderful thing when searching for Truth. Events in historical time periods can be researched, parsed and studied for patterns based on future evidence and outcomes.
Information "Spin" is real and happens for one purpose, that purpose is to benefit a position, agenda, person, plan, etc., by manipulating (advertising, PR, propaganda) information. Spin is difficult to refute without hard facts. Spin has a short-term shelf life, but that is all it needs to chart a new course, set the "ball" in motion so to say.
History allows Truth to overcome Spin.
The Quest for Truth
The quest for Truth is everywhere and not limited to the economic topics linked here. This is just a topic that started a thought process where I had access to a convenient tool (Hypothesis) to bookmark my thoughts and research.
Primary thought is: The Quest for Truth. Subcategories would provide a structured topic for the thought. In this case the subcategory would be: US Economy, Inflation
The TRUTH is a concept comprised of inconsistencies and targets that frequently move.
Targets (data, methods, people, time, semantics, agenda, demographic, motive, means, media, money, status) hold a position in time long enough to fulfill a purpose or agenda. Sometimes they don't consciously change, but history over time shines light and opens cracks in original narrative that leads to new truth's, real or imagined.
Verifying and validating certain Truth is very difficult. Why is That?
- Inflation Stats
- Government manipulation
- Government attack
- US Economy no growth
- Income Inequality
- Media manipulation
- Predicdted Programming
- Discredit the messager
- Verifying and Validating
- Outsourced labor
- US Economy
- Economic Policy
- Truth is a concept
- American economy
- Average American economic outlook
How the U.S. Constitution Protects America's Market Economy
This is a bold statement. Argumentcan be made that America is no longer a Market Economy and has morphed into a Hybrid Mixed Economy. If true, the U.S. Constitution has been usurped.
21st Century Economics (USA)
Economic Theory of a Market Economy, Characteristics, Pros, and Cons
Americans and the World believe or want to believe that the United States is built upon a Market Economy.
Historical context validates a classic Market Economy theory as directed by our Founding Fathers and Constitution. We clearly do not have a pure Market Economy today (2021).
- To Big to Fail - (Bailouts)
- Farm Subsidies
- Political Influence (money, lobbying, tenure)
- Government Agencies
- Military/Industrial Complex
- Federal Reserve (Central Banking)
- Social Security
Most Americans lump (through education) the concept of economics and government together, into 3 basic categories; Capitalism, Socialism and Communism.
The U.S. is a Capitalist Nation with a corresponding market economy.
Is this statement Fact or Hypothesis ?
Can we still rely on textbook economic models in the 21st Century?
Interesting topic. On the surface there is an Investigative Reporter in a common activist role. He had a Heroin problem and hacktivist ties which certainly did not help his situation.
- Stratfor gets hacked by Jeremy Hammond ,
- Hammond, a part of LulzSec leaks all to Wikileaks
- Brown, with ties to LulzSec most likely combs through the leaked data
- Brown is subjected to what appears to be excessive LE abuse and manipulation
- Brown is reported to have threatened an FBI Agent via YouTube.....ok.....and this is the reason for additional charges and outrageous sentencing recommendations.
- WHY...is Brown subjected to this type of treatment and President Donald Trump gets away with far worse?