Senator Sanders Drops Out Of Presidential Race

11 Apr 2020 10:50 #11 by FredHayek
This is not pure capitalism. This is a mix of socialism and capitalism. Government didn't seize industry, but it highly regulates and taxes corporations. Ever been through an FDA audit? Or an IRS audit? Or a Lakewood asset audit? Yes, the city of Lakewood actually taxes companies on their assets.
The capitalist stores in America bounced back and TP is back on the shelves. Venezuela, proud socialist republic, oil exporter, their shelves are still empty.

Thomas Sowell: There are no solutions, just trade-offs.

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11 Apr 2020 11:27 #12 by koobookie

FredHayek wrote: This is not pure capitalism. This is a mix of socialism and capitalism. Government didn't seize industry, but it highly regulates and taxes corporations. Ever been through an FDA audit? Or an IRS audit? Or a Lakewood asset audit? Yes, the city of Lakewood actually taxes companies on their assets.
The capitalist stores in America bounced back and TP is back on the shelves. Venezuela, proud socialist republic, oil exporter, their shelves are still empty.


See, that is what pisses me off, Fred. You, and other conservatives, hold up Venezuela as the example of socialism. Never is Denmark, Finland, etc. looked to as an example of socialism. Its always the worst case example. I imagine that for you, there is no in between, even though there obviously is.

Your little "meme" about socialism with the empty shelves, "illegal small businesses" etc. is misleading at best. But then, that's what Trumpers do.

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11 Apr 2020 13:49 #13 by FredHayek
The nations you site, Sweden and Denmark, have actually been moving away from socialism, doing more to encourage the capitalist sides of their economy.
Venezuela is used as an object lesson because it is such a great example of a socialist dictatorship ruining a capitalist economy in a generation. Less than thirty years ago, Venezuela was a major oil exporter and one of the wealthiest states in South America. We made meters for their oilfields and pipelines. Hugo Chavez took over, he nationalized the oil fields and stopped investing in keeping them up. He just saw them as a milk cow, but he choose to not take care of that cow. Production levels dropped. Food prices rose, so he in true socialist fashion, attacked the capitalist distributors and told them they weren't allowed to raise food prices, despite him printing money like crazy to fund his socialist projects. Inflation emptied the shelves and they stayed that way, because the manufacturers couldn't make any money on the food they sold.

Thomas Sowell: There are no solutions, just trade-offs.

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