Tag Archives: economics

THE TERMINAL DISADVANTAGES OF SOCIALISM!!!

Socialism: a political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.

This definition of socialism gotten from Google is really a valid form of government for small communities such as communes, a kibbutz, or the Amish and not appropriate for a nation. The Israelis tried kibbutz socialism on a national scale and it was a huge failure since all the kibbutzes complained that they weren’t getting their fair share of tax dollars. So the true definition of socialism should read “regulated by the GOVERNMENT as a whole” and this is really a form of communism with minimal or no personal property ownership.

Pure socialism leads to communism if it is not already communism to begin with but basically socialism in a Democratic Republic means government welfare, control, or the distribution of tax dollars to healthcare, education, shelter, transportation, food, child support, and even work to those subjectively viewed to be worthy of support by the government.

The unemployed and also destitute should have a safety net of government support in their time of greatest need so you could say that limited socialism for the unemployed and also destitute is a necessary thing. For the working population, especially the middle class and wealthy, modified capitalism with Social Security and Medicare is the preferred system of government. I call this Capsocialism and I have explained it in my blog and book GLOBALISM.

There are problems with socialism other than the fact that it is extremely expensive and winds up taxing 60% or more of worker’s income. The biggest problem is that an incentive to work is virtually killed off if all of your basic needs are payed by the government and you can live relatively comfortably off of the government dole.

“Free” healthcare, free education, free shelter, free transportation, free food, and free child support and many women don’t have to work if they have offspring. The government becomes the husband bringing home the money to pay for everything. In effect, there is less of an incentive to work because the rewards are not great enough to work smart and hard and noticeably increase your standard of living.

Pure socialists advocate central planning and ownership of the means of production and distribution by the government. This is disastrous because market pricing information is no longer available and decisions are often made by the seat of the pants without basing it on economic reality of actual cost vs. actual benefit.

Big bureaucratic corporations are highly inefficient and a big bureaucratic government in charge of almost everything is even more inefficient. Big bureaucracies are seldom accountable. They make very poor economic choices and when they make a choice it is usually extremely expensive and usually can be done at less cost by an efficient private for profit business which has competitors.

Central planning by the government was a colossal failure in the Soviet Union, Mao’s China, and more recently in Venezuela. Big power corrupts and big control over the economy means sweet heart deals with big corrupt institutions which suck on the government teat. The long duration destiny of pure socialism and pure communism is bankruptcy due to inefficient stupidity and corruption by bureaucrats.

Humans take better care of personal property that they own rather than communal property which they don’t feel responsible for, especially if they see many other lazy humans benefiting from their hard labor. That in a nutshell is why pure socialism and pure communism fail in the long duration. Humans need personal private property to function responsibly within a nation.

Socialism sucks in the long duration because more and more humans play the system for their own benefit with minimal effort on their part. The few remaining workers with income are taxed to such a high degree that their incentive to continue working is drastically reduced. The whole economy eventually comes to a grinding halt which we could call national bankruptcy where national expenses far exceed the national income.

Economically there is less growth and less entrepreneurial attempts and less competition in modified socialism. This may not be that bad because continuous economic growth on a finite planet results in a devastated environment in the long duration. However, regulating the money supply so there is no inflation or a constant value for money is the financial solution to the problem which no government has the balls to do. It is a global money supply and the big international banks have no interest in zero inflation so no government is currently supporting a zero inflation policy with it’s currency.

Conclusion:

Socialism sometimes works in small communities of about 150 humans who know each other by name and interact frequently. They may have some private property but mostly the efforts or income of the community are usually distributed equally among its members. Lazy humans or slackers are usually frowned upon and peer pressure exerted when needed. A successful small community is usually one where all the members have the same morality and often the same religion.

Socialism does not work in the long duration when run by a big inefficient and corrupt national bureaucracy. It winds up killing the incentive to work for most humans resulting in greater expenses than income. Unless the social setup is radically changed when things get desperate it can lead to national bankruptcy.

 

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THE WORLD ECONOMY EXPLAINED WITH JUST TWO COWS!!!

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It is a little humorous, overly simplified, exaggerated,and unjustly stereotypes certain countries but the article makes for an interesting amusing read if you know much about economics and political systems.

https://www.pinterest.com/pin/AYdyuk4aePkVz9yIq9IPCF8qbPrjXchSQbk2OkuJ49ZBoZIT11ldwlQ/

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THE TRUTH ABOUT STUPID+

drink-coffee-do-stupid-things-faster-energy

Stupid: adj. a human having incomplete logical reasoning skills and unsuccessfully applying them to solve political and social and economic and scientific problems

 

Almost no one is really permanently stupid or has a total absence of smarts.

The opposite of stupid is not intelligent but is smart because too many intelligent humans with great memories do some very stupid things because they simply are not that smart. 

Some humans simply do more stupid things than others and it is largely due to an inadequacy of knowledge, experience, and skills which the educational system has failed to indoctrinate and an inadequate personal investment of time, energy, and achievement in selflearning.

If you liked this evergreen truth blog then read more of them, about 1700 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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BAD ECONOMY IN 2012 AND STILL CONTINUING TODAY!!!

 

75 Economic Numbers From 2012 That Are Almost Too Crazy To Believe

Michael Snyder
Economic Collapse
December 21, 2012

What a year 2012 has been!  The mainstream media continues to tell us what a “great job” the Obama administration and the Federal Reserve are doing of managing the economy, but meanwhile things just continue to get even worse for the poor and the middle class.  It is imperative that we educate the American people about the true condition of our economy and about why all of this is happening.  If nothing is done, our debt problems will continue to get worse, millions of jobs will continue to leave the country, small businesses will continue to be suffocated, the middle class will continue to collapse, and poverty in the United States will continue to explode.  Just “tweaking” things slightly is not going to fix our economy.  We need a fundamental change in direction.  Right now we are living in a bubble of debt-fueled false prosperity that allows us to continue to consume far more wealth than we produce, but when that bubble bursts we are going to experience the most painful economic “adjustment” that America has ever gone through.  We need to be able to explain to our fellow Americans what is coming, why it is coming and what needs to be done.  Hopefully the crazy economic numbers that I have included in this article will be shocking enough to wake some people up.

The end of the year is a time when people tend to gather with family and friends more than they do during the rest of the year.  Hopefully many of you will use the list below as a tool to help start some conversations about the coming economic collapse with your loved ones.  Sadly, most Americans still tend to doubt that we are heading into economic oblivion.  So if you have someone among your family and friends that believes that everything is going to be “just fine”, just show them these numbers.  They are a good summary of the problems that the U.S. economy is currently facing.

The following are 50 economic numbers from 2012 that are almost too crazy to believe…

#1 In December 2008, 31.6 million Americans were on food stamps.  Today, a new all-time record of 47.7 million Americans are on food stamps.  That number has increased by more than 50 percent over the past four years, and yet the mainstream media still has the gall to insist that “things are getting better”.

#2 Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

#3 According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

#4 According to one recent survey, 55 percent of all Americans have received money from a safety net program run by the federal government at some point in their lives.

  • A D V E R T I S E M E N T

#5 For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

#6 Median household income in the U.S. has fallen for four consecutive years.  Overall, it has declined by over $4000 during that time span.

#7 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

#8 The percentage of working age Americans with a job has been under 59 percent for 39 months in a row.

#9 In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed.  In November 2012, 58.7 percent of all working age Americans were employed.  It is more then 3 years later, and we are in the exact same place.

#10 When you total up all working age Americans that do not have a job in America today, it comes to more than 100 million.

#11 According to one recent survey, 55 percent of all small business owners in America “say they would not start a business today given what they know now and in the current environment.”

#12 The number of jobs at new small businesses continues to decline.  According to economist Tim Kane, the following is how the decline in the number of startup jobs per 1000 Americans breaks down by presidential administration

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#13 The U.S. share of global GDP has fallen from 31.8 percent in 2001 to 21.6 percent in 2011.

#14 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.

#15 There are four major U.S. banks that each have more than 40 trillion dollars of exposure to derivatives.

#16 In 2000, there were more than 17 million Americans working in manufacturing, but now there are less than 12 million.

#17 According to the Pew Research Center, 61 percent of all Americans were “middle income” back in 1971.  Today, only 51 percent of all Americans are.

#18 The Pew Research Center has also found that 85 percent of all middle class Americans say that it is harder to maintain a middle class standard of living today than it was 10 years ago.

#19 62 percent of all middle class Americans say that they have had to reduce household spendingover the past year.

#20 Right now, approximately 48 percent of all Americans are either considered to be “low income” or are living in poverty.

#21 Approximately 57 percent of all children in the United States are living in homes that are either considered to be either “low income” or impoverished.

#22 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.

#23 Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percentof all men in the United States have jobs.

#24 The average amount of time that an unemployed worker stays out of work in the United States is 40 weeks.

#25 If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less.

#26 According to the U.S. Census Bureau, an all-time record 49 percent of all Americans live in a home where at least one person receives financial assistance from the federal government.  Back in 1983, that number was less than 30 percent.

#27 Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  And that does not even count Social Security or Medicare.  Overall, there are almost 80 different “means-tested welfare programs” that the federal government is currently running.

#28 When you account for all government transfer payments and all forms of government employment, more than half of all Americans are now at least partially financially dependent on the government.

#29 Barack Obama has been president for less than four years, and during that time the number of Americans “not in the labor force” has increased by nearly 8.5 million.  Something seems really “off” about that number, because during the entire decade of the 1980s the number of Americans “not in the labor force” only rose by about 2.5 million.

#30 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#31 According to USA Today, many Americans have actually seen their water bills triple over the past 12 years.

#32 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#33 Right now, approximately 25 million American adults are living with their parents.

#34 As the economy has slowed down, so has the number of marriages.  According to a Pew Research Center analysis, only 51 percent of all Americans that are at least 18 years old are currently married.  Back in 1960, 72 percent of all U.S. adults were married.

#35 At this point, only 24.6 percent of all jobs in the United States are good jobs.

#36 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#37 Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

#38 If you can believe it, one out of every seven Americans has at least 10 credit cards.

#39 One survey of business executives has ranked California as the worst state in America to do business for 8 years in a row.

#40 In the city of Detroit today, more than 50 percent of all children are living in poverty, and close to 50 percent of all adults are functionally illiterate.

#41 It is being projected that half of all American children will be on food stamps at least once before they turn 18 years of age.

#42 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.

#43 If you can believe it, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed last year.

#44 The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#45 Our trade deficit with China in 2011 was $295.5 billion.  That was the largest trade deficit that one country has had with another country in the history of the planet.

#46 The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#47 According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

#48 The U.S. tax code is now more than 3.8 million words long.  If you took all of William Shakespeare’s works and collected them together, the entire collection would only be about 900,000 words long.

#49 According to the IMF, the global elite are holding a total of 18 trillion dollars in offshore banking havens such as the Cayman Islands.

#50 The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.

#51 2012 was the third year in a row that the yield for corn has declined in the United States.

#52 Experts are telling us that global food reserves have reached their lowest level in almost 40 years.

#53 One recent survey discovered that 40 percent of all Americans have $500 or less in savings.

#54 If you can believe it, one recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.

#55 Medical costs related to obesity in the United States are estimated to be approximately $147 billion a year.

#56 Corporate profits as a percentage of GDP are at an all-time high.  Meanwhile, wages as a percentage of GDP are near an all-time low.

#57 Today, the wealthiest 1 percent of all Americans own more wealth than the bottom 95 percent combined.

#58 The wealthiest 400 families in the United States have about as much wealth as the bottom 50 percent of all Americans combined.

#59 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percentof all Americans combined.

#60 At this point, the poorest 50 percent of all Americans collectively own just 2.5% of all the wealth in the United States.

#61 Nearly 500,000 federal employees now make at least $100,000 a year.

#62 In 2006, only 12 percent of all federal workers made $100,000 or more per year.  Now, approximately 22 percent of all federal workers do.

#63 If you can believe it, there are 77,000 federal workers that make more than the governors of their own states do.

#64 Nearly 15,000 retired federal workers are collecting federal pensions for life worth at least $100,000 annually.  The list includes such names as Newt Gingrich, Bob Dole, Trent Lott, Dick Gephardt and Dick Cheney.

#65 U.S. taxpayers spend more than 20 times as much on the Obamas as British taxpayers spend on the royal family.

#66 Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.

#67 If Bill Gates gave every single penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

#68 During fiscal year 2012, 62 percent of the federal budget was spent on entitlements.

#69 Back in 1965, only one out of every 50 Americans was on Medicaid.  Today, approximately one out of every 6 Americans is on Medicaid.

#70 It is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.

#71 Medicare is also growing by leaps and bounds.  As I wrote about recently, it is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.

#72 Thanks to our foolish politicians (including Obama), Medicare is facing unfunded liabilities of more than 38 trillion dollars over the next 75 years.  That comes to approximately $328,404 for each and every household in the United States.

#73 Amazingly, the U.S. national debt is now up to 16.3 trillion dollars.  When Barack Obama first took office the national debt was just 10.6 trillion dollars.

#74 During the first four years of the Obama administration, the U.S. government accumulated about as much debt as it did from the time that George Washington took office to the time that George W. Bush took office.

#75 Today, the U.S. national debt is more than 5000 times larger than it was when the Federal Reserve was originally created back in 1913.

Please share this article with as many people as you can.  Time is running out, and we need to wake up as many people as possible.

If you liked this evergreen truth blog then read more of them, about 1500 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT REFORM+

reformation-logo1

Reformation: n. making changes to a human(s) and/or to a (law(s) and/or rule(s)) to eliminate what is bad in a human(s) and/or in an organization(s) and thus trying to remove (a deviant behavior(s) and/or an abuse(s)) and/or an injustice(s)

The protestant reformation was an attempt to update or correct the injustices of the catholic church and resulted in a new form of religion. Religious reformations have also taken place in the Jewish faith and there are many offshoots such as the Mormons and the Unitarians.

Humans also undergo reformations in the form of rehabilitation, therapy, and education and these are all attempts at changing human behavior.

What society desperately needs is political reform to address the problem of so many special interest laws which are creating incredible volumes of bureaucratic red tape which is very inefficient and costing much overhead expense. The tax system needs reform desperately but no one has the courage or the political will to simplify it and make it much more just and efficient.

Society needs moral reform with a secular moral code to guide the majority of non religious citizens and a secular moral code which can even be taught in Communist China or worldwide in any nation which has a secular population.

Education and the welfare system desperately needs reform to address the problems of 21st century technological changes.

The psychiatric profession and medical profession in general desperately needs reform and a return to the basics of healthy  organic eating and drinking without the use of so many artificial pills which mask but don’t cure many of the illnesses in society.

Politics, economics, society, education, language, and even theoretical physics desperately needs reformation and my evergreen truth books and blogs address all the necessary changes which need to be made to make this world a more just place for humanity and the wilderness.

I am an advocate of reformation in almost everything that is of importance for healthy just human survival along with wilderness survival or the survival of biodiversity.

Read my works and become a member of the worldwide movement to reform this world before it plunges deeper in its destruction of this precious earth so that future generations will benefit from our behavior and not be devastated by its future polluting and destructive consequences.

Optimistic change is possible but there isn’t much time left to stew in present immoral human behavior which is rapidly destroying many parts of the world, especially biodiversity, which is the safety net we will need when the domestic food supply becomes too unhealthy for human consumption due to bad technological interference.

 

If you liked this evergreen truth blog then read more of them, about 1400 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT SAVINGS ACCOUNTS+

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Ever wonder why the interest on your savings account is so low compared to historical levels? The answer is that the banks are getting cheap money from the government at .75% primary rates and 1.25% secondary interest rates and your money frankly is almost worthless to the banks. By making mortgage loans at about 4% they are making easy money at your expense.

With credit card loans between 13 and 16% they are making a killing and putting you in debt for the rest of your life unless you declare bankruptcy and free yourself of debt slavery.

We have profligate spenders and a profligate government continuing to pump counterfeit money into the economy. Budgeting your money and saving for a rainy day or retirement is being discouraged with almost no returns on savings accounts and inflation constantly rising and stealing what little money you have tried to save.

I see no glorious optimistic hopes for the future of the world economy because we no longer have realistic checks and balances on the use of money in a sane way. How long the money charade can continue before the money bubble bursts is open to question but a day of reckoning is closer than you think.

Forgive almost all debt and start over with a sane worldwide monetary system which has no inflation and the value of money does not depreciate with time. Most important of all money rules which promote responsible money management by individuals as well as governments, banks, and major financial institutions. A radical solution but it may be necessary in the not too distant future.

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT SYSTEMS***

System Analyst1

System: n. using organized and/or planned actions and/or subsets to achieve a goal(s) efficiently

A system can be a set of rules to follow to achieve a goal(s) or it can be rules and an organization which implements the rules and achieves the goals.

A systematic approach is frequently preferable over a chaotic or random one and frequently shows a grasp of the circumstances.

At one extreme is the scientific system used to discover the laws of nature and at the other extreme is a rather loose political party or system designed to win elections and rule humans.

Nature is a very complex system and humans have devised their own crude systems to try and live successfully within it.

There is the democratic system and a tyrannical system of government and both achieve the goals of ruling humans.

Business is economic systems all designed to distribute information, goods, and services throughout society. There are monopolies and small businesses with different operating procedures and use slightly different rules to achieve their goals.

Humans can be exploited by some systems and can be liberated to some extent by other systems. The systems which are permitted by law to flourish to a large degree determine how much liberty and/or freedom a society has.

Most humans prefer a relatively predictable life to a chaotic one and systems ensure that some degree of predictability exists in society and its organizations.

Systems analysts study systems and try to make them more efficient frequently with computer software. Language is a system of communication and as a systems analyst I am trying to make it more efficient and more readily subject to computer programming.

Nature abhors inefficiency and waste and the more efficient and sustainable human systems become, the greater the probability that they will survive in the long duration.

If you liked this evergreen truth blog then read more of them, about 1000 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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