UOGamers Community

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • To obtain new Razor updates, please reinstall Razor from our new website.

The economy

D-Nox

Knight
Re: The economy

EvilChild;768624 said:
Capitalism is not about short term gains. Capitalism is about SUSTAINED GROWTH. Large short term gains is actually VERY VERY bad in capitalism. Technology is not being "locked away". Why would anyone lock something away that they would profit from? An oil company that invents a brand new energy source would be mentally retarded to hide that invention. Why? Because they could profit immensely by selling that invention... much more than they could profit by selling oil, especially if they can monopolize it. Not to mention oil companies know that they are in what is essentially a dying industry. One of the biggest problems going through oil company CEOs is "where will me and my company be in 15-50 years?"

"Instead of having one dirty power plant you have ten less dirty power plants, suddenly." Why did energy needs suddenly rise by 1000% for no apparent reason?

"
Population does not keep on increasing. Population naturally stabilizes. Population growth is spurred by poverty, anyway." I'm going to go ahead and toss out human history if you don't mind. Also I am going to toss out natural law as well. Because apparently you just did.

"The Campaign Against Climate Change have produced the One Million Climate Jobs proposal in the UK. Creating 1 000 000 public sector jobs specifically related to the climate, public transport, creating renewable energy etc., that will not create wealth like you talk about but will improve the economy. 1 000 000 jobs will mean more demand for goods and services and predictions estimate the employment of 500 000 additional workers if this was carried out."

Say hello to trickle down economics. Although in this case the business is the government. The introduction of 1000000 will give 1000000 a salary and will thus increase wealth. This increase will thus increase spending and will create economic growth. That spending will put money in the pockets of other businesses and will thus give them the oppurtunity to invest in their own company by hiring workers (estimated at 500000). This will further spur growth. In fact... there is very very little socialism involved in any of this. It is based on capitalist principles.

oh no, the world isnt a fairy tale my friend. actually people already discovered many other sources of energy that are not related to oil, but the oil companies lobby simply do not allow them to prosper. we had a very good example of this here in Brasil. We had an energy program called pro-alcool wich was basically producing energy and fuel from the alchool. it would be a lot cheaper than oil&gas much less harmfull to the nature and only a little less powerfull, but the oil companies were able put it down the locker just with their lobby. simple like that
 

Howl

Sorceror
Re: The economy

So if capitalism is about sustained growth and not short-term gains why do capitalists invest in activities that will prevent the ability to generate wealth in the future? There will be no cheap, abundant oil left in a couple of decades due to the explosion in its production since it was first used. If capitalism is about sustained growth then why explosive, exponential growth leading to the complete depletion of a natural resource? Limitless, exponential growth is not possible in a capitalist system. Mainstream neo-classical economists nowadays still talk about natural resources as if we live in an infinite world.

No, oil is excellent at making money. Solar energy is rubbish at generating wealth. However, the public might want it to be used out of environmental concerns and that would damage profit for oil companies, that is why it is locked away. If capitalism is about sustained growth then why are companies holding back green technology that could save the planet until it is too late and we have sudden climate change, 30% of the world’s species could die and human civilization could be threatened?

Yes, everyone knows we are running out of oil. So if capitalism is about sustained growth and not short-term gains then why are they still trying to produce oil at an exponential rate? Capitalism is driven by mutual competition. The more you produce, the more profit you make, the more you can invest in the means of production, the more you produce, the more profit you make… all capitalists are trapped within this cycle if they want to out-compete each other and not die… “accumulate or die”. It doesn’t matter if they’re worried about their jobs in 10-15 years time, like I’ve already said, the system they are in FORCES THEM to compete and accumulate at an exponential rate otherwise they will be thrown out of their ivory tower.


“"Instead of having one dirty power plant you have ten less dirty power plants, suddenly." Why did energy needs suddenly rise by 1000% for no apparent reason?”

What are you even talking about?

““Population does not keep on increasing. Population naturally stabilizes. Population growth is spurred by poverty, anyway." I'm going to go ahead and toss out human history if you don't mind. Also I am going to toss out natural law as well. Because apparently you just did.”

Research Malthus’s Essay on Population at Age 200 by John Bellamy Foster. It was written with 35 lovely references = )

“Say hello to trickle down economics. Although in this case the business is the government. The introduction of 1000000 will give 1000000 a salary and will thus increase wealth. This increase will thus increase spending and will create economic growth. That spending will put money in the pockets of other businesses and will thus give them the oppurtunity to invest in their own company by hiring workers (estimated at 500000). This will further spur growth. In fact... there is very very little socialism involved in any of this. It is based on capitalist principles.”

Incorrect. These are public-sector jobs = )
 

Howl

Sorceror
Re: The economy

EvilChild;768626 said:
Correct.

This is why every single socialist government has turned communist and failed or is on the brink of collapse.

Incorrect. USSR was state-capitalism, not socialism or communism and North Korea, China, Vietnam and Laos do NOT reflect a true interpretation of Marxist, Leninist or Trotskyist theory. If a true socialist state existed and it failed, it would be due to globalized capitalism crushing it. Why do you think the US government has overthrown over 50 other state's governments? Because they are wise and benevolent and wanted to replace dictators for the good of the common people? Think again.
 

Howl

Sorceror
Re: The economy

And EC, why don't I send you the One Million Climate Jobs pamphlet. I know you're in the US but it could be really useful for your understanding of it. You misunderstood it in your post but that's because you don't have access to it. It might be available as a PDF somewhere if you'd like to have a look through it.
 

D-Nox

Knight
Re: The economy

Howl;768637 said:
Incorrect. USSR was state-capitalism, not socialism or communism and North Korea, China, Vietnam and Laos do NOT reflect a true interpretation of Marxist, Leninist or Trotskyist theory. If a true socialist state existed and it failed, it would be due to globalized capitalism crushing it. Why do you think the US government has overthrown over 50 other state's governments? Because they are wise and benevolent and wanted to replace dictators for the good of the common people? Think again.

Its this lobotomy made by the main goverments that avoid your well said revolution to happen.
I find funny how the americans for example think that their goverment fucks up Cuba, China and Korea because they are bad goverments and the world would be better without them. This is ridiculous.
 

D-Nox

Knight
Re: The economy

Howl;768639 said:
And EC, why don't I send you the One Million Climate Jobs pamphlet. I know you're in the US but it could be really useful for your understanding of it. You misunderstood it in your post but that's because you don't have access to it. It might be available as a PDF somewhere if you'd like to have a look through it.

plz send me the link. i would like to read about this.
 

EvilChild

Knight
Re: The economy

Howl;768630 said:
I’ve already explained the tendency of the rate of profit to fall and the natural exploitation of workers under a capitalist system that peruses profit for the sake of profit. If you are going to state your initial arguments again and again instead of responding to what I am saying then I have no time for you. And if economic development and the growth of wealth of the businesses owners is so wonderful then why, in a world of exponential economic development, are so many cuts being made in so many countries right now? Why Greece? Why Spain? Why the UK? Why the States?

It’d be nice if you could explain why you’re saying what I’m saying isn’t true. Try using some reasoning instead of just a blanket statement. Try googling dead labour and look for scholarly articles containing those words. Dead labour is labour that isn’t living, that isn’t human labour: Machinery. And again, what the fuck is the point in economic development if it doesn’t protect human rights and the environment THAT OF COURSE ECONOMIC DEVELOPMENT ENTIRELY DEPENDS ON.

Explain where you think trickle down and trickle up should be used. You say they are good for different situations but give no reasoning.

I’ve already discussed why this is the case and would go further into that discussion, but I don’t think there’s a lot of point if you’re going to ignore what I say and just re-state your initial argument. Socialism isn’t about giving everybody everything and everybody being exactly the same. You can still contribute to the world differentially, there will still be a division of labour too. “Being determines consciousness” – under a socialist world after a revolution, maybe after a generation or two people would take pride in their labour, free from exploitation, and the society they serve and are served by. What motivation is there to work under capitalist system? So many people in the UK choose not to work because it is so shit. People only work under capitalism because they are forced to be exploited or otherwise starve. Is that a nice way to do things? When it is capitalism itself that makes labour soul-destroying?

Economic development is NOT correlated with the standard of life. Look at the UK and the US. People are getting unhappier by the minute. One quarter of people in the UK could be clinically diagnosed with a mental disorder, and another quarter on the brink there-of. Yet GDP is still exponentially growing. Even those who are rich are not happy. Read a book called ‘Affluenza’.

It’s not a “few people” that are being hurt by the system. It’s a “few people” that are benefiting from the system. And it’s not the “vast majority of people” that are benefiting from the system, it is the “vast majority of people” whose lives are made a misery by it. That’s an incredibly absurd and blinkered view of the world, right there. Look at the third world, look at poverty in our own developed countries, and look at how around 1% of the world’s population own the majority of it’s wealth. How is that a fair system?

Yes, capital is invested in ‘dead’ labour, which causes the rate of profit to have a tendency to fall, which the genesis of the exploitation of workers, along with the aim of capitalism being the persuit of profit for the sake of profit, means that workers do not benefit from economic growth. How many of the world’s population own stock in corporations? Do tell. And what good does that do them, anyway?

You really think the capitalists at the top of corporations work fairly and are treated justly? Where are the murder trials for the capitalists who made money from Agent Orange? When are the leaders of BP being put on trial for their crimes? When are heads of companies such as Nestlé and Coca Cola going to be imprisoned? Even if a company that dearly cared for its stake-holders and wanted to make sweet love to them still doesn’t give a damn about the common man.

Holy shit you know absolutely nothing about economics. There are cuts being made because major banks made some pretty shitty investments and those came back to bite them on the ass. Seeing as major banks are pretty damn important they needed funding to continue to even operate. Because the banking system plays a huge, HUGE role in economics growth by giving funds to businesses via loans and because they for the most part took a major hit in that capacity, companies that wanted loans to spur growth or even to continue to operate could not get the funding they needed. Therefore cuts were needed. Because companies are tied together via imports and exports, the damage in one countries economy is typically felt world wide at some point.

I googled dead labor. Nothing came up. What you are referring to actually falls more or less under something called structural unemployment. Which is unemployment due to a changing skill set needed. So for example, weavers are really not needed anymore because their jobs got taken over by machines and thus unemployed the weavers. So weavers became structural unemployed and had to learn NEW skill sets. Economic development doesn't somehow magically depend on human rights or the environment. We could be living in toxic sludge beating people with whips and we could still grow economically. Is this ideal? NO. But that doesn't make a damn difference as far as economics is concerned.

I already said when trickle up and trickle down should be used. I'm not repeating myself, nor am I going into more depth than I already have because quite frankly I don't want to write my economic thesis quite yet.

Economic growth creates more things, and better things. More and better things improve the standard of living. You also don't seem to understand what the standard of living means. So I'll go ahead and define it for you. "A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation." HOLY SHIT, what do you know but this has nothing to do with how happy or sad people are! You really really need to do more research on this stuff before talking out of your ass.

Your stance on socialism magically making people want to work for no particular reason is not only ignorant, but has been disproven by history time and time and time again. Not only that but you are missing the big picture by a long shot. Corporations are making every effort to be "green" and to give their workers human rights (oh and don't forget unions). Why? Because thankfully there are people like you who would rather see flowers and be lubby dubby than to see money. That's why people like the BP chairman got destroyed by the press and environmental activists into resignation. I'm sorry but if someone can be forced into resigning because of an enviromental blunder than I think we as capitalist nations are heading in the right direction. Same goes for human rights violators. How about all the bad press concerning the nike sweatshops? How about all of that profit they lost from bad word of mouth. Looks like the system works.

I was going to add more to this. But it's pretty clear that A. you are completely ignorant about what you are talking about. B. You are far too stubborn to actually learn something.

So if anyone else has questions or comments I'll be happy to field those. Just don't try to argue if you have no idea what you're talking about.
 

EvilChild

Knight
Re: The economy

D-Nox;768631 said:
oh no, the world isnt a fairy tale my friend. actually people already discovered many other sources of energy that are not related to oil, but the oil companies lobby simply do not allow them to prosper. we had a very good example of this here in Brasil. We had an energy program called pro-alcool wich was basically producing energy and fuel from the alchool. it would be a lot cheaper than oil&gas much less harmfull to the nature and only a little less powerfull, but the oil companies were able put it down the locker just with their lobby. simple like that

There's a place a couple of blocks down from me that makes organic gasoline. Apparently they have places all over too.

It looks like we have different experiences.
 

D-Nox

Knight
Re: The economy

ilove watching pro-capitalism vs anti-capitalism discussions.
cmon guys thres something i think you all will agree. every single social and aconomic model is beautifull WHILE IN THE PAPER.
its us who dont know how to make the practice of them. Both the utopic capitalism or the utopic socialism are beautifull when on the books. But we have the ability to fuck everything up when it comes to the real world.
 

D-Nox

Knight
Re: The economy

EvilChild;768646 said:
There's a place a couple of blocks down from me that makes organic gasoline. Apparently they have places all over too.

It looks like we have different experiences.

we are talking about different scales. the pro-alcool was made for an entire country not only a single marketplace. The market place you have there is tiny and harmless to the oil companies. But i bet that if one day, this thing expands more than the oil producers want it to, it will close broke in a minute.
 

EvilChild

Knight
Re: The economy

Howl;768637 said:
Incorrect. USSR was state-capitalism, not socialism or communism and North Korea, China, Vietnam and Laos do NOT reflect a true interpretation of Marxist, Leninist or Trotskyist theory. If a true socialist state existed and it failed, it would be due to globalized capitalism crushing it. Why do you think the US government has overthrown over 50 other state's governments? Because they are wise and benevolent and wanted to replace dictators for the good of the common people? Think again.

Complete speculation. I would say it would fail because of greed which is also speculation. The fact is that the only look at socialism we have is the soviet union. Which quickly turned from socialist to communist.
 

EvilChild

Knight
Re: The economy

D-Nox;768648 said:
we are talking about different scales. the pro-alcool was made for an entire country not only a single marketplace. The market place you have there is tiny and harmless to the oil companies. But i bet that if one day, this thing expands more than the oil producers want it to, it will close broke in a minute.

When the oil companies run out of oil to sell, they will buy up the alternate fuels and start selling those.
 

D-Nox

Knight
Re: The economy

EvilChild;768652 said:
When the oil companies run out of oil to sell, they will buy up the alternate fuels and start selling those.

maybe you are right, but maybe they will just start producing weapons or any other good that gives them profit. And thats the problem, profit above all.
 

EvilChild

Knight
Re: The economy

Howl;768635 said:
“Say hello to trickle down economics. Although in this case the business is the government. The introduction of 1000000 will give 1000000 a salary and will thus increase wealth. This increase will thus increase spending and will create economic growth. That spending will put money in the pockets of other businesses and will thus give them the oppurtunity to invest in their own company by hiring workers (estimated at 500000). This will further spur growth. In fact... there is very very little socialism involved in any of this. It is based on capitalist principles.”

Incorrect. These are public-sector jobs = )

I had to quote this because its hilarious.

Why would them being public-sector jobs have any impact on what I said at all?
 

EvilChild

Knight
Re: The economy

D-Nox;768658 said:
maybe you are right, but maybe they will just start producing weapons or any other good that gives them profit. And thats the problem, profit above all.

There is demand for energy sources. It's not like just because weapons are the most profitable item that suddenly every business produces weapons.
 

D-Nox

Knight
Re: The economy

EvilChild;768663 said:
There is demand for energy sources. It's not like just because weapons are the most profitable item that suddenly every business produces weapons.

nope, but if a capitalist company is about to chose, it will chose the more profitable. even if this means enslavering a thousand of african children and the less profitable way could save a thousand of them.
And if the energy sources start to become not profitable, we will end up without energy.
 

EvilChild

Knight
Re: The economy

D-Nox;768664 said:
nope, but if a capitalist company is about to chose, it will chose the more profitable. even if this means enslavering a thousand of african children and the less profitable way could save a thousand of them.

Yup this is the general idea. However, it gets a little more complicated than that. For instance oil companies are already very familiar with the market and are already placed in the market and recognized by the people. Not to mention some of the equipment they use could probably translate over to organize gas fairly well. So because there is not alot of switching costs associated with adopting organic fuels, its probably more practical and profitable to remain in the industry, but just to sell a new product.

The 2nd example about enslaving vs freeing would depend on the backlash and publicity. If society is the same as today's society then the action would be frowned heavily on and the backlash hit on profit would probably outweigh the gains from enslavement.
 
Re: The economy

D-Nox made an interesting point when he said:
D-Nox;768647 said:
every single social and aconomic model is beautifull WHILE IN THE PAPER.

The problem is that since at present, Capitalism is the de facto winner of the "best social/economic model" competition, it is far, far harder for us to recognise it's terrible defects.

Even if Capitalism is in some way "wrong" (in the same sense that geocentricism was wrong and Copernicus and Galileo were right) - too many people in positions of (academic, financial, political) authority have a huge vested interest in denying it. This happens before, during and after any paradigm shift in any area of human activity (be it science, culture, religion or economic systems).


It is very tempting to believe what we are told and scoff at alternatives - but that doesn't necessarily mean that the naysayers are right...


EvilChild;768645 said:
Economic growth creates more things, and better things. More and better things improve the standard of living. You also don't seem to understand what the standard of living means. So I'll go ahead and define it for you. "A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation." HOLY SHIT, what do you know but this has nothing to do with how happy or sad people are!...

Isn't this the nub of it though?

An improved standard of living obviously does improve peoples quality of life and their happiness. But only up to a point. To keep it simple: 1€/day will give you a much better chance of happiness than 0€/day; 10€/day will offer you a higher quality of life than if you only had 1€ and 100€/day will probably still make you happier than if you only had 10€.

But this is not a straight line calculation, but rather a curve - with ever diminishing returns (some would even say a bell curve). So, although not everyone agrees as to exactly where more money and more things stop providing us with more feel-good time, almost everyone agrees that in most Western, technologically advanced nations, most of the population are well past that point.

The only reason we continue to accumulate is because we are caught up in the horrific consume-or-die cycle that Capitalism needs to survive.



EvilChild;768645 said:
Corporations are making every effort to be "green" and to give their workers human rights (oh and don't forget unions). Why? Because thankfully there are people like you who would rather see flowers and be lubby dubby than to see money. That's why people like the BP chairman got destroyed by the press and environmental activists into resignation. I'm sorry but if someone can be forced into resigning because of an enviromental blunder than I think we as capitalist nations are heading in the right direction. Same goes for human rights violators. How about all the bad press concerning the nike sweatshops? How about all of that profit they lost from bad word of mouth. Looks like the system works...

See above.

But also, the BP Chairman resigned as a scapegoat. A scapegoat was only needed because they were caught. Most of the time, corporations are not caught. Not only are they not caught, but they have the power and influence to make sure that they are very rarely caught, and when they are they have the money and power to impede any kind of legal or moral sanction that some parts of society would like to impose on them.

You get prison time for stealing from a supermarket.

But if through greed and negligence you cause the biggest environmental disaster in your country's history, not one of those responsible goes to jail?


FE
 

EvilChild

Knight
Re: The economy

Feersum Endjinn;768689 said:

Isn't this the nub of it though?

An improved standard of living obviously does improve peoples quality of life and their happiness. But only up to a point. To keep it simple: 1€/day will give you a much better chance of happiness than 0€/day; 10€/day will offer you a higher quality of life than if you only had 1€ and 100€/day will probably still make you happier than if you only had 10€.

But this is not a straight line calculation, but rather a curve - with ever diminishing returns (some would even say a bell curve). So, although not everyone agrees as to exactly where more money and more things stop providing us with more feel-good time, almost everyone agrees that in most Western, technologically advanced nations, most of the population are well past that point.

The only reason we continue to accumulate is because we are caught up in the horrific consume-or-die cycle that Capitalism needs to survive.

Actually what you are referring to is the law of diminishing marginal utility. Which is not the same as the standard of living.

However, utility tends to go hand in hand with the standard of living because an improved standard of living gives us more things that will give us utility. Because an increase in standard of living gives us a wider variety of things that grant us utility it should always cause a total increase in the utility of the population.


As far as BP and corporate ethics are concerned. Most corporations don't need to be caught red handed. The ones that do get caught show that the risk vs reward of unethical behavior isn't worth it. Otherwise, instead of attempting to be ethical, most corporations would instead attempt to be more secretive and devious in their unethical behavior. Yes, unethical behavior always exists in corporations. But, in my opinion they are taking steps in the right direction to correct this behavior. The increase in media scrutiny over corporate policies has only furthered this trend. And as I stated before, capitalism has built in methods of containing this problems.
 
Re: The economy

EvilChild;768704 said:
Actually what you are referring to is the law of diminishing marginal utility. Which is not the same as the standard of living.

However, utility tends to go hand in hand with the standard of living because an improved standard of living gives us more things that will give us utility. Because an increase in standard of living gives us a wider variety of things that grant us utility it should always cause a total increase in the utility of the population.

Haha...

Sorry, EC - I'm not an economist and have only a layman's knowledge of the field... (at best :p)

But maybe there is the problem (from my perspective): economists and those who defend the current system (as the least bad option) talk about "the utility of the population" whereas I am far more worried about the quality of life of the population, whatever their "utility"...

EvilChild;768704 said:
The ones that do get caught show that the risk vs reward of unethical behavior isn't worth it. Otherwise, instead of attempting to be ethical, most corporations would instead attempt to be more secretive and devious in their unethical behavior.

Hmmm...

That is exactly what they do. Companies have most definitely worked out that under the current system the risk vs reward of unethical/dangerous/monopolistic/fraudulent/unecological behaviour falls heavily in their favour.

Most of this bad behaviour never comes to light. When it does, most of the investigations are shelved as soon as the public outcry dies down. The ones that aren't languish in the limbo of the legal system for years while well paid lawyers use every loophole available to them to avoid a sentence until the "crime" has "expired". Finally, in the few cases which reach completion the fines imposed are laughable in comparison to the profits gained by breaking the rules.

I am sure that all of us can think of dozens of recent examples on both sides of the Atlantic.

Many of the corporations involved just have too much power and influence to feel threatened by the laws most of us obey in our small daily lives. The system is rigged in many ways, but one of the worst is that any company can hold society to ransom with the threat of cataclysmic cutbacks and job losses if the punishment is too harsh (and god forbid we actually put a corporation out of business or send anyone to prison...).


FE
 
Top