Debt Rattle May 24 2017

 

Home Forums The Automatic Earth Forum Debt Rattle May 24 2017

Viewing 7 posts - 1 through 7 (of 7 total)
  • Author
    Posts
  • #34253

    Henri Matisse Nu Blue IV 1952   • China Hit by First Moody’s Downgrade Since 1989 on Debt Risk (BBG) • Chinese Banks Are In Big Trouble (ZH) • Am
    [See the full post at: Debt Rattle May 24 2017]

    #34255
    V. Arnold
    Participant

    The violence of austerity; indeed. Neo-liberal economics is violence against populations.

    Our origins I have long railed about; the Clovis point (found in New Mexico) was a mile post; not a stop sign.
    Evolution, as presently understood, will be turned on its ear…
    I am completely unsurprised by the finding of a new ancestor of us humans, unremarkable at best…
    But it is interesting.

    #34258
    hardevidence71
    Participant

    https://moefarms.com/KyleBassWarnsAllHellIsAboutToBreakLooseInChina.html

    Index Investing Unmasked:
    https://moefarms.com/post524.html

    This is what a real free market solution to half a dozen problems looks like:
    https://moefarms.com

    #34259
    Dr. Diablo
    Participant

    “…cut off from their most basic entitlement to: housing, food, health care, social care and general protection from hardship.”

    While I overwhelmingly agree with the sentiment and unfairness of austerity, there is no human right for other people to give you things. And a right to total protection from hardship? Are you joking me?

    This is a total misunderstanding of “Rights,” and what “Rights” are, and I wouldn’t bring it up except whenever they get started, millions die. People in need do indeed have rights, but so do the people who are not in need. Rights of one group cannot trample the rights of another, or there can be no such thing as “human rights” at all. That’s why the Enlightenment chose the specific “Rights” they did, and did NOT declare free food, free medicine, and a life of ease and leisure as the Right of Man. Why? Because if you GET the food, another man must grow it. If you get free medicine, someone must work without pay to provide it. That would be slavery, not Liberty, and enslaving other men for your profit is not a right.

    The basic right of the Enlightenment is the right to be left alone. That’s it. The right to speak and be left alone. The right to have opinions and be left alone. The right to act so long as you’re not hurting others, and be left alone. The right to keep the things you make because you’re being left alone. The right to be left alone rather than searched, badgered, imprisoned, railroaded. Why? Because being left alone doesn’t cost anyone else their freedom to be left alone, while forcing others to work on your behalf for free is not leaving them alone.

    If you want another system, fine, but don’t invent new democratic “rights” to have others feed you bon-bons while you play video games just because you’re peckish. 5,000 years of history shows that as soon as that happens, those other guys unhelpfully stop working for free, everyone goes on strike, nothing gets done, and society collapses. I wish this were hyperbole, but only history itself can describe how complete and devastating mis-defining human rights can be. In that system of theft and counter-theft, slave and counter-slave, not only do you get nothing, but everyone gets nothing, and your countrymen die. There are many books on the horrors of the faulty generosity of socialism, but in our more modern sense of faceless, automatic wealth transfer, “Dying of Money” by Jens O. Parsson and “History of Monetary Inflation in France” by White should be sufficient. Or you could just scan the news for formerly wealthy nations like Venezuela.

    It’s perhaps unfortunate this is so, but we don’t need another 100 million to die to prove it ourselves again. Words have consequences as well as meanings. Please let’s use them well.

    #34261
    Nassim
    Participant

    Well said.

    #34262
    Nassim
    Participant

    “Our species evolved in Africa. Our lineage may not have,”

    Africa and Greece are not so far apart – not when you have millions of years to move from one to the other.

    #34263
    ₿oogaloo
    Participant

    I used to think like Diablo, but rising inequality has forced me to rethink my views. Now I hear “the right to be left alone” as code words of the Kochs. The system is rigged. As Kunstler constantly emphasizes, many of our institutions like health care and higher education have become criminal rackets to extract every last dime from the people. The billionaires promoting the austerity propaganda don’t really believe in balancing the budget for the common welfare. Rather, they have every intention of using the government’s improved balance sheet for their own ends. In an ideal world everyone should pay their own way for healthcare, housing, and education. But what about when the system is rigged?

Viewing 7 posts - 1 through 7 (of 7 total)
  • You must be logged in to reply to this topic.

Sorry, the comment form is closed at this time.