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What is your connotation of Socialism?

Discussion in 'BBS Hangout: Debate & Discussion' started by Rockets1616, May 11, 2010.

  1. rhadamanthus

    rhadamanthus Contributing Member

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    Previous thread on same subject.

     
  2. durvasa

    durvasa Contributing Member

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    I think of a socialist as someone who believes in the idea of "social justice" and advocates political/economic policies to maximize it.
     
  3. rimbaud

    rimbaud Contributing Member
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    I agree with the learnin' and stuff in your post wrt not being an idiot and knowing what socialism is. Rocker was a cool anarcho-syndicalist but you can go back farther to my main squeeze and OG modern libertarian socialist Bakunin:

     
  4. rhadamanthus

    rhadamanthus Contributing Member

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    Come on now...I gave Bakunin his props in the post I quoted above. :)

    Furthermore, from earlier in the same thread:

     
  5. rimbaud

    rimbaud Contributing Member
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    Yeah, yeah, I was on my way out when I wrote that so you will have to forgive me for missing it...regardless, my post wasn't a critique of yours for not referencing him, just an addendum with primary quotes. I simply don't think the world gets enough Bakunin.
     
  6. moestavern19

    moestavern19 Member

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    Who cares what socialism really is, in current society it serves one function, and that function is as a buzzword used by Republicans to administer their special brand of fear injections to their low-IQ members.

    Said fear-mongering and threats of "change" excel at driving these poor misguided wingnuts into a frenzy, prompting them to hold "Tea Parties" in which uber-capitalist, conservative right wing tripe is served by the bushel along with a heaping spoonful of patriotism, not-so-cleverly disguised as xenophobia.


    These buzzwords are powerful and keep us from moving forward into any real future. There are others besides "socialism"

    see also "panels, death", "Hawaii Birth Records circa 1961", "9/11", etc, etc.
     
  7. LScolaDominates

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    La propriété, c'est le vol!
     
  8. dbigfeet

    dbigfeet Member

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    Well you have to understand, supply side economics was a conservative's idea. Thats makes it ok for "corporate welfare". unfortunatly most people are sheep when it come to politics.
     
  9. Sweet Lou 4 2

    Sweet Lou 4 2 Contributing Member
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    I think socialism is about public / worker ownership and control on how resources are allocated.

    This contrasts to capitalism where ownership and control is private and market freedoms are key to driving the economic engine of that society.

    I think very few people are either socialists or capitalist in the truest sense. It's clear that capitalism and free markets generate wealth for everyone. People talk about how the wealth in the U.S. is concentrated in the hands of the few. But yet our standard of living is much higher than in socialist countries.

    By the same token, people bemoan gov't programs and regulation forget things like what happened 2 years ago - where gov't turning a blind eye to derivatives nearly caused another global depression. There's an irony in that these instruments were banned after the Great Depression for fear they may lead to just the scenario we experienced. Also, gov't plays a role in key services that people need to maintain a basic level of happiness and productivity - safe environment (air water food police), access to education, health care, infrastructure, and research. Imagine if we didn't have things like interstate highways to the FAA?

    To me, it's like saying which is better - carbs or protein or fat? Yes, you can argue about the proportions of all three, but at the end of the day, you need all three to survive.

    And I think a healthy economy/society needs the right balance of capitalism and socialism to function. Go too far in one direction and a society will suffer in terms of a lower standard of living and quality of life.
     
  10. CometsWin

    CometsWin Breaker Breaker One Nine

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    Possibly the post of the year. Awesome...
     
  11. Rashmon

    Rashmon Contributing Member

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    Nationalize the banking, energy, and insurance industries for a start.

    Oh yeah, and tax the churches.
     
  12. BetterThanI

    BetterThanI Contributing Member

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    LOL :grin: Repped.
     
  13. da_juice

    da_juice Member

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    My church gets taxed.
     
  14. Sooner423

    Sooner423 Contributing Member

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    Norway's doing it...

    http://www.nytimes.com/2009/05/14/business/global/14frugal.html?_r=3&em

    May 14, 2009
    Thriving Norway Provides an Economics Lesson
    By LANDON THOMAS Jr.

    OSLO — When capitalism seemed on the verge of collapse last fall, Kristin Halvorsen, Norway’s Socialist finance minister and a longtime free market skeptic, did more than crow.

    As investors the world over sold in a panic, she bucked the tide, authorizing Norway’s $300 billion sovereign wealth fund to ramp up its stock buying program by $60 billion — or about 23 percent of Norway ’s economic output.

    “The timing was not that bad,” Ms. Halvorsen said, smiling with satisfaction over the broad worldwide market rally that began in early March.

    The global financial crisis has brought low the economies of just about every country on earth. But not Norway.

    With a quirky contrariness as deeply etched in the national character as the fjords carved into its rugged landscape, Norway has thrived by going its own way. When others splurged, it saved. When others sought to limit the role of government, Norway strengthened its cradle-to-grave welfare state.

    And in the midst of the worst global downturn since the Depression, Norway’s economy grew last year by just under 3 percent. The government enjoys a budget surplus of 11 percent.

    By comparison, the United States is expected to chalk up a fiscal deficit this year equal to 12.9 percent of its gross domestic product and push its total debt to $11 trillion, or 65 percent of the size of its economy.

    Norway is a relatively small country with a largely homogeneous population of 4.6 million and the advantages of being a major oil exporter. It counted $68 billion in oil revenue last year as prices soared to record levels. Even though prices have sharply declined, the government is not particularly worried. That is because Norway avoided the usual trap that plagues many energy-rich countries.

    Instead of spending its riches lavishly, it passed legislation ensuring that oil revenue went straight into its sovereign wealth fund, state money that is used to make investments around the world. Now its sovereign wealth fund is close to being the largest in the world, despite losing 23 percent last year because of investments that declined.

    Norway’s relative frugality stands in stark contrast to Britain, which spent most of its North Sea oil revenue — and more — during the boom years. Government spending rose to 47 percent of G.D.P., from 42 percent in 2003. By comparison, public spending in Norway fell to 40 percent from 48 percent of G.D.P.

    “The U.S. and the U.K. have no sense of guilt,” said Anders Aslund, an expert on Scandinavia at the Peterson Institute for International Economics in Washington. “But in Norway, there is instead a sense of virtue. If you are given a lot, you have a responsibility.”

    Eirik Wekre, an economist who writes thrillers in his spare time, describes Norwegians’ feelings about debt this way: “We cannot spend this money now; it would be stealing from future generations.”

    Mr. Wekre, who paid for his house and car with cash, attributes this broad consensus to as the country’s iconoclasm. “The strongest man is he who stands alone in the world,” he said, quoting Norwegian playwright Henrik Ibsen.

    Still, even Ibsen might concede that it is easier to stand alone when your nation has benefited from oil reserves that make it the third-largest exporter in the world. The money flowing from that black gold since the early 1970s has prompted even the flintiest of Norwegians to relax and enjoy their good fortune. The country’s G.D.P. per person is $52,000, behind only Luxembourg among industrial democracies.

    As in much of the rest of the world home prices have soared here, tripling this decade. But there has been no real estate crash in Norway because there were few mortgage lending excesses. After a 15 percent correction, prices are again on the rise.

    Unlike Dublin or Riyadh, Saudi Arabia, where work has stopped on half-built skyscrapers and stilled cranes dot the skylines, Oslo retains a feeling of modesty reminiscent of a fishing village rather than a Western capital, with the recently opened $800 million Opera House one of the few signs of opulence.

    Norwegian banks, said Arne J. Isachsen, an economist at the Norwegian School of Management, remain largely healthy and prudent in their lending. Banks represent just 2 percent of the economy and tight public oversight over their lending practices have kept Norwegian banks from taking on the risk that brought down their Icelandic counterparts. But they certainly have not closed their doors to borrowers. Mr. Isachsen, like many in Norway, has a second home and an open credit line from his bank, which he recently used to buy a new boat.

    Some here worry that while a cabin in the woods and a boat may not approach the excesses seen in New York or London, oil wealth and the state largesse have corrupted Norway’s once-sturdy work ethic.

    “This is an oil-for-leisure program,” said Knut Anton Mork, an economist at Handelsbanken in Oslo. A recent study, he pointed out, found that Norwegians work the fewest hours of the citizens of any industrial democracy.

    “We have become complacent,” Mr. Mork added. “More and more vacation houses are being built. We have more holidays than most countries and extremely generous benefits and sick leave policies. Some day the dream will end.”

    But that day is far off. For now, the air is clear, work is plentiful and the government’s helping hand is omnipresent — even for those on the margins.

    Just around the corner from Norway’s central bank, for instance, Paul Bruum takes a needle full of amphetamines and jabs it into his muscular arm. His scabs and sores betray many years as a heroin addict. He says that the $1,500 he gets from the government each month is enough to keep him well-fed and supplied with drugs.

    Mr. Bruum, 32, says he has never had a job, and he admits he is no position to find one. “I don’t blame anyone,” he said. “The Norwegian government has provided for me the best they can.”

    To Ms. Halvorsen, the finance minister, even the underside of the Norwegian dream looks pretty good compared to the economic nightmares elsewhere.

    “As a socialist, I have always said that the market can’t regulate itself,” she said. “But even I was surprised how strong the failure was.”

    This article has been revised to reflect the following correction:

    Correction: May 22, 2009
    An article on May 14 about Norway’s relative economic stability in the midst of a global downturn misstated its debt status. While the government enjoys a budget surplus and is a net creditor, it has liabilities related to social security and other programs equal to about 50 percent of its gross domestic product; its ledger is not “entirely free of debt.”
     
  15. dbigfeet

    dbigfeet Member

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    please stop you are making too much sense.
     
  16. justtxyank

    justtxyank Contributing Member

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    I asked Mama and she educated me.

    [​IMG]
     
  17. bingsha10

    bingsha10 Member

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    people scream socialism because what they really want to scream is communism, but the left hides their true intentions so well that is a much harder charge to defend.
     
  18. bingsha10

    bingsha10 Member

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  19. GladiatoRowdy

    GladiatoRowdy Contributing Member

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    So, you believe there is a secret conspiracy on the left that wants to turn America into a communist state?
     
  20. Rashmon

    Rashmon Contributing Member

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    shhh, don't encourage anymore investigation into this completely spurious allegation, comrade, er, fellow American
     

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