Byakuya769
Member
Economics 101 is hard, stop confusing people.
Nah, it's easy. And yet, it still gets posted as some profound insight, instead of simplistic models used to show concepts not depict real world situations.
Economics 101 is hard, stop confusing people.
This is the sausage-making of the free market. Companies that can't hack it go away. However, unlike Solyndra, they don't take $500mil from taxpayers in the process.
It's easy to hate companies that lay off workers in the name of efficiency. But what is far worse for the economy, and thus workers, is things like zombie banks and other failed companies being propped up indefinitely, as they suck capital that could be invested in companies that are self-sufficient. It doesn't have the same emotional impact, certainly, which is why some people have a more visceral reaction to one than the other. Then they go through all sorts of mental contortions to frame it as a rational thing instead of an emotional thing, because they fancy themselves to be the smart ones.
A pure free market is not a stable thing, certainly. It's basically a power vacuum that tends to get filled with monopolies, cartels, and the like. How does the "somewhat free market" sound?
Nah, it's easy. And yet, it still gets posted as some profound insight, instead of simplistic models used to show concepts not depict real world situations.
Newt 2012: America, are you ready for an open relationship?
This is the sausage-making of the free market. Companies that can't hack it go away. However, unlike Solyndra, they don't take $500mil from taxpayers in the process.
It's easy to hate companies that lay off workers in the name of efficiency. But what is far worse for the economy, and thus workers, is things like zombie banks and other failed companies being propped up indefinitely, as they suck capital that could be invested in companies that are self-sufficient. It doesn't have the same emotional impact, certainly, which is why some people have a more visceral reaction to one than the other. Then they go through all sorts of mental contortions to frame it as a rational thing instead of an emotional thing, because they fancy themselves to be the smart ones.
This is the sausage-making of the free market. Companies that can't hack it go away. However, unlike Solyndra, they don't take $500mil from taxpayers in the process.
But what is far worse for the economy, and thus workers, is things like zombie banks and other failed companies being propped up indefinitely, as they suck capital that could be invested in companies that are self-sufficient.
And emotional knee-jerk anti-corporate populism is a much better way to inform people about the real world. Because informing people about how the real world works, not getting them to mindlessly repeat focus-tested talking points, is how to win elections.
So Romney says he won't release more than 2 years of his tax forms because of the internet:
http://thinkprogress.org/economy/20...years-of-tax-returns-because-of-the-internet/
So Romney says he won't release more than 2 years of his tax forms because of the internet:
http://thinkprogress.org/economy/20...years-of-tax-returns-because-of-the-internet/
Yeah, that'll help. :lol
He called Gingrich a failed leader as Speaker who had to resign in disgrace and criticized his work as a highly paid consultant for Freddie Mac in his years out of office. He said he was just a historian there, Romney said. Id like him to release his records there.
Newt Gingrich heads into South Carolina election day as the clear front runner in the state: he's now polling at 37% to 28% for Mitt Romney, 16% for Rick Santorum, and 14% for Ron Paul.
Gingrich's lead has actually increased in the wake of his ex-wife's controversial interview with ABC. Although one night poll results should always be interpreted with caution, he led the final night of the field period by a 40-26 margin.
Guy, you just posted a cliff notes version of "The Choice." Let's not talk about neatly distilled talking points. Throwing out a plethora of relevant factors because they don't gel with your assumptions is cute for simple models, but when you're dealing with the externalities of persistent high unemployment and depressed wages, that garbage gets you nowhere. Well nowhere except the belle of the ball at a conservative cocktail party.
So Romney says he won't release more than 2 years of his tax forms because of the internet:
http://thinkprogress.org/economy/20...years-of-tax-returns-because-of-the-internet/
So we should have let Detroit fail?
So Romney says he won't release more than 2 years of his tax forms because of the internet:
http://thinkprogress.org/economy/20...years-of-tax-returns-because-of-the-internet/
We should have let it go through the normal bankruptcy process, yes, instead of some weird special bankruptcy for privileged corporations. It's a moral hazard that we're telling companies that the best investment they can make is lots of lobbying, and "too big to fail" is their new goal instead of something they are trying to avoid.
All solar panels companies in the US and Europe are suffering. It doesn't matter which solar energy company the government chose to give money to, the market for solar energy just went to crap.Not saying there was no mismanagement at Soylandra, but the foremost reason a lot of solar companies are having issues is that they made a lot of investment in developing Solar Panels which have fortunately (for consumers) but unfortunately for them become extremely cheap.
Of all the energy startups that received their first VC funds between 1995 and 2007, only 1.8 percent achieved what he calls unambiguous success, meaning an initial public offering on a major exchange
Wired has a very nice article about Solyndra (and the history of VC in the green energy sector). I recommend anyone interested go check it out.
http://www.wired.com/magazine/2012/01/ff_solyndra/all/1
pullquote:
It makes you wonder if government should be in the VC business at all.
You really don't realize how bad the economy recovery would have been without saving Detroit? Sheesh....
It makes you wonder if government should be in the VC business at all.
Lots of unfalsifiable claims like these being made these days.
These interventions are play now, pay later. Immediate benefits, sure, but it creates problems down the road.
Lots of unfalsifiable claims like these being made these days.
These interventions are play now, pay later. Immediate benefits, sure, but it creates problems down the road.
Lots of unfalsifiable claims like these being made these days.
These interventions are play now, pay later. Immediate benefits, sure, but it creates problems down the road.
I suppose that when taxpayers only lose a few billion dollars on a government bailout of a giant private corporation, it's a huge success in relative terms.
Somehow I doubt that if a Republican president had done the same thing, certain people would so adamant in their defense of it. It would be a constant chorus of how Republicans take tax money from the middle class and give it to their millionaire CEO and investor friends. Present company excepted, I'm sure. No one here engages in such partisan hackery. NeoGAF is far more enlightened than that.
The problem the Republicans have, and it is an enormous one, is that they still do not have a candidate that can beat Obama in a general election. Is it Christie? Would America vote for an obese man again as our leader? It's been at least 100 years since we did. If not him, who is left? Both Gingrich and Romney have fatal flaws, ones I just don't think they could overcome.
How did these two statements manage to be made back to back?
What's hilarious is that didn't GM started to pay back the money it receive? Not only that, but GM has climbed out the gutter, and are producing some great, reliable cars.
What was that about "unfalsifiable" claims again? Not to rain on your persecution complex parade or anything...
I'm glad people picked up on the irony, but I'm not sure you understand what a "persecution complex" is if you're misapplying it so egregiously.
I just like to pop people's bubbles, and what better place to do that than here? It's like fish in a barrel.
And the entire economy is being lifted up because of the auto industry, as opposed to it collapsing if we let Detroit go bankrupt.
Could this be the return of Big Sicily?
GM did go bankrupt.
Could this be the return of Big Sicily?
If Gingrich wins FL, what will the establishment do? It's not just the WH they're risking with a Newt candidacy; house and senate seats are at risk as well.
Fuck yes. Go Gingrich!