tag:blogger.com,1999:blog-7806136543904112143.post8883605677951870498..comments2023-10-30T09:23:42.803-05:00Comments on Some Assembly Required: SAR #16137Charles Kingsley Michaelson, IIIhttp://www.blogger.com/profile/04364694465614330540noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7806136543904112143.post-13878599194848411572016-05-16T17:05:24.143-05:002016-05-16T17:05:24.143-05:00«To have a growing economy, wages of non-elite wor...«To have a growing economy, wages of non-elite workers must grow, for if they are not paid to produce the goods they will not have the money to buy the goods.»<br /><br />A "growing economy" is a useless abstraction. What matters to most is whether *their* "economy" is growing. For people in the upper reaches of income and wealth what matters is whether their property prices and rents and profits, and their power, grows; and lower wages and employment for the hired help overall benefit them. Consider for example the middle class older/retired people: as long as the stocks in their retirement accounts and the price of their properties grow they are happy, and they are happy to pay less for their carers, gardeners, maids, cleaners. Cheaper hired help is always hard to find.<br /><br />But there is another dimension here:<br /><br />«but we can no longer afford the oil it would take to rescue us, or to pay the debt we must shoulder to generate the oil in the first place.»<br /><br />A "growing economy" with higher wages for the hired help means rising oil consumption and rising prices. Since supply is not rising, even small rises in consumption can trigger large price increases. Viceversa even small falls in consumptions can trigger low prices if the major swing producer does not cut production.<br /><br />There is a good chance that first-world elites have a deliberate policy of low wages and low employment to ensure there is no "growing economy"; to keep oil prices down. They are acting as "anti growth" ecologists.<br />Blissexnoreply@blogger.comtag:blogger.com,1999:blog-7806136543904112143.post-64627367526771652732016-05-16T09:52:47.654-05:002016-05-16T09:52:47.654-05:00While never popular, especially in the corporate o...While never popular, especially in the corporate owned media, the 'open secret' of WWII is that the capitalists funded the Nazis.<br /><br />Today's rabid capitalists are no different than the oppressive ideologies they support. [Nobody's goose-stepping down Main Street or driving Panzers across Europe but the oppression hasn't stopped.]<br /><br />As the model continues to fail it will turn more 'totalitarian'. Something conservative voters fail to see but who is surprised by that?<br /><br />As capitalism reasserts itself in Venezula the whole country is collapsing! [eriely reminicient of the 'capitalization' of the former USSR] The economy nearly collapsed before the money started circulating to the new pseudo wealthy.<br /><br />Capitalist prosperity is a few doing extraordinarily well while the rest eek out a hand to mouth existence as they slowly drown in a sea of debt.<br /><br />Literally 'nickeled and dimed' to death.<br /><br />So tell me again how unbridled capitalism is going to 'Make America Great...AGAIN?<br /><br />How sad the saying about failing to learn the lessons of history are completely true?Gegnerhttps://www.blogger.com/profile/01918737715343158105noreply@blogger.com