I wish I wasn't an economic illiterate.

(Fiscal stimulus doesn't fucking work)

(Fiscal stimulus doesn't fucking work)

Of course it doesn't. The economy has a life cycle of ups and downs, usually happening every 20 years. Tell the government to stop wasting money as the market will bounce back up eventually. People eventually need new cars, appliances, homes, etc which causes a mass spending frenzy and thus employers can employee more people as demand increases. However, people will stop buying because they have what they need which causes employers to lay off and reduce workers hours til eventually people start needing shit again

Literally no model of economics supports what you just said.

Uh, Capitalism

The Great Depression ended as a result of WW2 and people being drafted and entering military service, giving people who were previously unemployed or earning low wages an income along with women entering the work force to produce the weapons of war giving families even more income. Rationing caused families to not be able to buy much but when the war ended and rationing was stopped, people could go out and buy shit

>I clicked OP's link

>I downloaded something I can't read

>Can't find it in my folders and delete it

>forever mocks my inability to read Economics properly.

I DID pass Economics in High School though

>humanizing capitalism

when will they realize it's a scam?

The thing that's given 1% of human history 99% of all the wealth ever created is a scam?

When that wealth isn't being used for the benefit of the majority of the population? Yes.

Wealth goes where people want it to go - that's the point of the market.

Wealth goes where people who control wealth want it to go*

That's a symptom of political problems, not problems with capitalism.

I don't like Keynes, but even he realised capitalism was necessary for the freedom of a country. You can't generate wealth and plan it from the top-down at the same time, it doesn't work.

I'm not fond f Keynes either, see previous comment^
China says hi.

So long as wealth is concentrated in the hands of the highest social class, it will always be planned top-down.

lol

China's only seeing large growth precisely because they moved to a market-based system and away from a planning one.

That being said, despite their really quite astonishing growth, they're going to have to face crippling levels of internal debt.

Still one of the leading examples of state capitalism.

Whether power is concentrated in the hands of the state or the hands of the ultra-rich, it makes little difference. They're two sides of the same coin.

Well, not really.

The rich only get rich by providing value for people. That's how innovation and competition work. The problem is when the rich are able to use their money to get into political structures.

Regardless, if it makes no difference to you, why're you complaining? According to you, a proper capitalist system is just as bad as a cronyist system, yet they're both evidently better than a central planning or State capitalist system. What alternative do you want to pursue here?

Capitalism makes it possible for the rich to manipulate politics, it's a system designed to keep them in power.

I don't pretend to have any solutions, but I also don't pretend that the system currently in place is worth defending. Teaching people how badly the game is rigged is a good enough start, I suppose.

No, the nature of government allows capitalists to manipulate politics.

Oligarchs and plutocrats are symptoms, not the illness.

He who controls the media controls elections.

Unless you outlaw advertising and privately-owned media outlets, that's not going to change any time soon.

Hell, even publicly owned news networks are partially dependent on advertising money, just look at the CBC.

I didn't say otherwise.

The point is to structure government in such a way as to remove the incentive for trying to determine the outcome of an election.

If you guys just give me all your money I'll let it trickle down.

At least supply-side works.