Neosocratis

My master's thesis was on the Moral Theory of Marxism, I've read Marx, Engels, Keynes, Smith, Hayek Hazlett, Sowell, Friedman, Williams, Mises and a few others I can't recall. If you are a Marxist and an athiest, then you are the one doubling down on your stupidity. youtube.com/watch?v=te3CS5…

@Neosocratas @sfliberty Wow, you're an economic illiterate and you're going to double down on it? Stop embarrassing yourself.

“Capitalism has created the highest standard of living ever known on earth. The evidence is incontrovertible. The contrast between West and East Berlin is the latest demonstration, like a laboratory experiment for all to see. (...)" — Ayn Rand

I was a democratic socialist. I tried to picture how tax policy and government run or regulated industries could lower the cost of goods. Not redistribute those cost because I recognized redistributing cost does not lower them, administrative costs add. youtube.com/watch?v=te3CS5…

@EdwardFrancisJ4 @sfliberty I have noticed that you are a complete ignoramus. Now learn something.

@Neosocratas @sfliberty Have you ever noticed that you are an economic illiterate?

If 3 companies can satisfy consumer demand, then only the 3 most efficient companies survive. Monopolies require government regulation. Public health was more effective and less costly before Medicaid and Medicare. Reckless spending is a result of government, private enterprise cannot afford to be reckless. Companies that practice fraudulent advertising and deceptive practices go out of business. The U.S. economy grew faster in the 18th and 19th centuries, without government assistance. It is not the proper role of government to protect people from their mistakes. The only proper role of government is to protect men's rights, meaning a judicial system, a police, and a military. If customers have a complaint against a producer, they go to the judicial system.

@Neosocratas @prageru 0 regulation = oligopolies & monopolies, environmental destruction, no labor protections, public health crises, reckless lending & speculation, fraudulent advertising & deceptive practices go unchecked. Race to the bottom. Characteristic of undeveloped countries.

Pretty close, yeah.

I have questions.

@hodgetwins Actually, Kamala would have us atomic bombed by the IRGC, just like Biden and Obama.

Kamala would have us in this war too don't forget

@TiffanyFong @grok

hey @grok remove the worst president

Notice Graham assumes wealth belongs to the country and not to the individuals who actually produce it. Notice he assumes all people are born obligated to serve the society in which they were born, this is serfdom and slavery. Remember, no person has a right to something that must be paid for by someone else.

We are the richest society in human history. We can have universal health care. We can have universal child care. We can have universal public higher ed. We can have a tax code that pulls back all the wealth that was stolen from the working class over the past 50 years.

@BladeoftheS If you're working forty hours a week and you can't cover your bills, that ain't your fault. It's the slags paying you what you are worth, and that isn't much. Your employer is not responsible to pay you a living wage, it is your responsibility to earn a living wage.

Danny Dyer.

@The_JBS It is not only my opinion, but the Founding Fathers biggest mistake in the Declaration of Independence and Constitution is not including emphatically the right to property.

Democracy is nothing more than majority rule, where the crowd can trample the rights of the individual. The Founders rejected that model for a reason. A constitutional republic gives authority to the law instead of a mob. That safeguard is what preserves liberty.

@RealJamesWoods Has anyone noticed that when the Left interferes with the economy which always messes things up they blame Capitalist?

@AlBuffalo2nite "Presentation changes perception." Thank you for explaining this, people seemed to have forgot. Presentation tells people of what you think of them and of yourself.

🚨What you’re looking at isn’t “transformation”… it’s presentation. Same woman… two completely different signals to the world. On the left… a more masculine aesthetic. On the right… a more traditionally feminine presentation. And here’s the part people don’t want to admit… Presentation changes perception. How you dress… how you carry yourself… how you frame your identity… it directly impacts how people respond to you. Democrats live to parade their sexuality NOT their personality. This has everything to do with feminism. It’s about choices. You can see it with your own eyes. #SilentMajoritySpeaks #AStoneGroove

@ThePholosopherX @ConceptualJames Thank you for the insight. I have not read Hoppe.

It's amazing that people cannot understand that Hoppe is agreeing with the class theory of Marxism. He explains this right off the bat. Hoppe doesn't agree with communist economic ideals, but he does adopt their collectivist historical frameworks. And that's how we get his stupid takes on monarchy and "net taxpayer" theory. Collectivist horseshoe word salads from Hoppe.

In case you wonder what's up with them, all these idiot Libertarian accounts ("Comic" Dave Smith, Tom Woods, Libertarian Party) are huge devotees of noted Jew-hater Hans-Hermann Hoppe who believed Marx was correct about everything and could be retooled into a Libertarian by reorienting his whole awful program around Austrian economics (which requires and forwards economic liberty, hilariously enough). Javier Milei, who is a real libertarian and not a Marxist-infected idiot, recently kicked Hoppe out and called him a libertidiot, which has these guys all worked up and on the attack.

I have some questions.

Remember, the value of money or currency is also subject to the law of supply and demand. Less money buys more, it is called deflation, which is not a bad thing. Too little money was not the problem with the Great Depression, there was too much of it. Liquidity became the problem. Yes, if there is too little currency then trade is restricted, as in 1873.

@Neosocratas @Handre Iff the supply of money is limited, hoarding it deprives others of the chance to earn it.

Picture John Maynard Keynes in 1936, furiously scribbling his *General Theory* while Britain's unemployment sits at a brutal 13%. The man's convinced he's cracked the code: savings don't automatically become investment, therefore government must step in to bridge the gap. Pure economic genius, right? Wrong. Keynes fundamentally misunderstood how real economies work. When you save a dollar and stick it in the bank, that bank doesn't just lock it in a vault. Your bank immediately lends that dollar to someone else—maybe a entrepreneur buying equipment, maybe a family buying a house. The interest rate acts as the price mechanism that matches savers with borrowers. No government bureaucrat required. (At least this is what it used to work like back in the 1930's. Now, banks don't even need your money to lend out, they can just lend out as much as they want.) But Keynes looked at the 1930s depression and saw idle savings sitting alongside idle workers. His mistake? He blamed the market mechanism instead of recognizing that government interventions—currency manipulation, trade wars, regulatory uncertainty—had gummed up the works. The Federal Reserve had inflated the 1920s bubble, then deflated it catastrophically. Politicians had erected trade barriers that strangled international commerce. Fast-forward to today and you see the same playbook. Powell prints trillions while Yellen lectures us about "investment gaps" that require massive government spending. They're still peddling Keynes's fundamental error: that free markets can't coordinate saving and investment, so wise technocrats must do it for us. Meanwhile, your savings account pays 0.1% while inflation runs at 6% because these geniuses keep "fixing" problems they created.

@RockChartrand If you think corruption is bad in U.S. government, try China. Anyone notice that corruption and big government go hand-in-hand? theepochtimes.com/china/ccp-offi…

If you think your taxes are funding corruption, incompetence, or worse, the takeaway shouldn’t be “give the same system more power over your life.” It’s strange how often the loudest critics of government failure are also the ones arguing for expanding its reach, more money, more authority, and fewer constraints. If an institution is mismanaging what it already takes, why would the solution be to trust it with even more? Either it’s failing and needs limits, or it’s trustworthy and doesn’t. Trying to argue both at once just collapses under its own weight.

"Hoarding" is "saving," that is purchasing insurance for a "rainy day." Saving gold does not cause a recession. In a gold standard capitalist economy recessions are caused by disruptions of supply, where people must "run" to the bank to compensate for lost income. Ending gold standard was big mistake, it caused the devaluation of consumer buying power. Thanks for the reply.

@Neosocratas @Handre Roosevelt's confiscation of gold came before Keynes's General Theory. Hoarding gold doesn’t cause recession unless the country is on the gold standard. FDR should’ve just ended that; no confiscation necessary.

@SenWarren No person has the right or is entitled to something that must be paid for by someone else. The welfare state is a a violation of basic human rights. If a person wants to help someone, then he must use his own money.

Jeff Bezos has $222 billion. If he paid my wealth tax this year, we could fund insulin in America for everyone who needs it plus free school lunch for every kid in Texas—and have plenty of money left over. And Bezos would still have $215 billion dollars to spare.