Bernie remains an economic illiterate. So do his followers. If elected, we would still face the major problem of inflation and excessive debt. Regardless, why bother to discuss anything with this person -- one whom I consider from her dialogue, an idiot?
It seems all the neo-socialists of the Bernie camp share the same problem. They cannot think clearly, though they pretend otherwise. Example > firm makes 300 million in profit. Firm is socialist in the image of Bernie. So, what to do with the profits?
There are basically two options: consume the profits or re-invest. Who will consume the profits? How much will they consume and to whom will it be distributed? For the amount not consumed, where will it be reinvested and who will decide how it shall be reinvested? Yes, these are important questions.
Are the “workers” smart enough to know where to reinvest? Are they smart enough to understand what future demands are imperative for the continued success of the operation? If so, how did they acquire their knowledge about the future? How did they learn about the changing nature of markets for their products?
Clearly, the optimal answers to these (and other) important questions are beyond the pale for most line workers. There is NO necessary relationship between the consciousness of the ‘soviets’ and the optimal strategy for re-investment vs consumption. However, under capitalism, the owners would have a vested interest in answering these questions such that profits would be maximized, losses minimizer.
I mean, REALLY. What are the goals of the Bernie Crew? Why should anyone think they have reasonable ‘answers’ to economic problems of scarcity?
Please Glenn, deal with folks who have greater comprehension about “our” economic problems. This lady is clueless.
Bernie remains an economic illiterate. So do his followers. If elected, we would still face the major problem of inflation and excessive debt. Regardless, why bother to discuss anything with this person -- one whom I consider from her dialogue, an idiot?
It seems all the neo-socialists of the Bernie camp share the same problem. They cannot think clearly, though they pretend otherwise. Example > firm makes 300 million in profit. Firm is socialist in the image of Bernie. So, what to do with the profits?
There are basically two options: consume the profits or re-invest. Who will consume the profits? How much will they consume and to whom will it be distributed? For the amount not consumed, where will it be reinvested and who will decide how it shall be reinvested? Yes, these are important questions.
Are the “workers” smart enough to know where to reinvest? Are they smart enough to understand what future demands are imperative for the continued success of the operation? If so, how did they acquire their knowledge about the future? How did they learn about the changing nature of markets for their products?
Clearly, the optimal answers to these (and other) important questions are beyond the pale for most line workers. There is NO necessary relationship between the consciousness of the ‘soviets’ and the optimal strategy for re-investment vs consumption. However, under capitalism, the owners would have a vested interest in answering these questions such that profits would be maximized, losses minimizer.
I mean, REALLY. What are the goals of the Bernie Crew? Why should anyone think they have reasonable ‘answers’ to economic problems of scarcity?
Please Glenn, deal with folks who have greater comprehension about “our” economic problems. This lady is clueless.