Possible plan for the next recession?

[maple_leafs182]

Yes that's generally what happens in socialism/communism.

you will see the same results with democracy/capitalism

[Machjo]

you will see the same results with democracy/capitalism

Perhaps corporatism is the way to go?

[Bonam]

My dad watched the begining of the first cracks forming in the old SOVIET UNION. He said the system got so top heavey with a huge government and over extended bureacracy that 10% of the people did the actual work and real wealth creation...while the other 90% formed a parasitic and unsustainable system of uselessness...sounds familiar hugh?

you will see the same results with democracy/capitalism

Not really. By that time you got that 90% parasitic uselessness in the government and only 10% of the people doing actual work, it's not "capitalism" any more, not even close.

[Pliny]

you will see the same results with democracy/capitalism

Democracy, once it becomes known you can vote yourself favours and entitlement, changes capitalism to socialism.

[Bonam]

Democracy, once it becomes known you can vote yourself favours and entitlement, changes capitalism to socialism.

That's why democracy needs to be tempered with a constitution that carves in stone the limitations of the powers of government.

[Machjo]

Why is it that every thread boils down to cliches about capitalism, democracy and socialism. Such terms have become meaningless. On a technical level, what precise solutions would you present to clean up the economy, rather than just throwing about clished generalizations?

[Pliny]

That's why democracy needs to be tempered with a constitution that carves in stone the limitations of the powers of government.

Precisely! Two centuries of the American constitution is a good illustration of how governments will try and circumvent any restrictions to their powers. If America, in my view had kept vigilant and followed along with Old Hickory, Andrew Jackson, who kept the banks and the political interests at bay the world would have turned out a lot different.

[bush_cheney2004]

....If America, in my view had kept vigilant and followed along with Old Hickory, Andrew Jackson, who kept the banks and the political interests at bay the world would have turned out a lot different.

President Jackson did a fine job keeping the "Indians" at bay too.

[Pliny]

President Jackson did a fine job keeping the "Indians" at bay too.

In his time Indians didn't have the vote. Nor did blacks, slaves or women.

There was much to learn in the definition of landowner, citizen and human being. It doesn't make Jackson's contribution to the definition of America any less.

[Pliny]

That's why democracy needs to be tempered with a constitution that carves in stone the limitations of the powers of government.

One of the fundamentals we can agree upon. The US constitution attempted to do that but governments do have their ways.