Comments on: Americans Suffer, While Government Workers Prosper http://chrisbanescu.com/blog/2010/02/americans-suffer-while-government-workers-prosper/ Inspire - Improve - Innovate Thu, 06 Oct 2011 06:36:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Andrew Makar http://chrisbanescu.com/blog/2010/02/americans-suffer-while-government-workers-prosper/comment-page-1/#comment-825 Andrew Makar Tue, 06 Apr 2010 19:48:06 +0000 http://chrisbanescu.com/blog/?p=94#comment-825 All the ills that you describe are driven by one private sector reality. BIG CORPORATIONS. The corporate form results in the division of responsibility and ownership. The shareholder's company can create all sorts of havoc. Now, in REAL CAPITALISM, the owner would be liable right down to his/her last cufflink. But in our "so-called" capitalist system, the owner can only lose his share price. So, the corporation is allowed to accrue all manner of contract and other liabilities, and if it can't pay, the risk is socialized to whomever lent the money, or incurred the cost of cleaning up after the corporation. Thus, we have big government as the counterbalance. I am willing to go the Ron Paul route and get rid of all these centralized entities. However, that means we eliminate the corporate form of ownership. Of course, you won't be able to generate the capital formation that you can now because the owners will have to really consider the risk. That means you will probably lose the following: 1) the infrastructure to create a global military presence. Get ready for China or India to be the leading world superpower. 2) The infrastructure to maintain the health care system you have, which wouldn't be nearly as good if it didn't have the federal money pouring in to begin with (to support pharma and others). 3) a first-world standard of living and 4) pretty much all the other things that modern capital formation creates. I think the I have lived to see the full circle. We have gone from the 60's hippies dreaming of the socialist utopia to the 2010 tea-partiers dreaming of the capitalist utopia. What you will probably get is corporate oligarchy. Oh wait, that's what we have now! All the ills that you describe are driven by one private sector reality. BIG CORPORATIONS. The corporate form results in the division of responsibility and ownership. The shareholder’s company can create all sorts of havoc. Now, in REAL CAPITALISM, the owner would be liable right down to his/her last cufflink. But in our “so-called” capitalist system, the owner can only lose his share price. So, the corporation is allowed to accrue all manner of contract and other liabilities, and if it can’t pay, the risk is socialized to whomever lent the money, or incurred the cost of cleaning up after the corporation. Thus, we have big government as the counterbalance.

I am willing to go the Ron Paul route and get rid of all these centralized entities. However, that means we eliminate the corporate form of ownership. Of course, you won’t be able to generate the capital formation that you can now because the owners will have to really consider the risk. That means you will probably lose the following:

1) the infrastructure to create a global military presence. Get ready for China or India to be the leading world superpower.
2) The infrastructure to maintain the health care system you have, which wouldn’t be nearly as good if it didn’t have the federal money pouring in to begin with (to support pharma and others).
3) a first-world standard of living and
4) pretty much all the other things that modern capital formation creates.

I think the I have lived to see the full circle. We have gone from the 60′s hippies dreaming of the socialist utopia to the 2010 tea-partiers dreaming of the capitalist utopia. What you will probably get is corporate oligarchy. Oh wait, that’s what we have now!

]]> By: Explaining the Madness and Insanity of Obama and Congress | RedState http://chrisbanescu.com/blog/2010/02/americans-suffer-while-government-workers-prosper/comment-page-1/#comment-814 Explaining the Madness and Insanity of Obama and Congress | RedState Fri, 19 Mar 2010 15:25:25 +0000 http://chrisbanescu.com/blog/?p=94#comment-814 [...] 4. Government control over employment. [...] [...] 4. Government control over employment. [...]

]]> By: Chris http://chrisbanescu.com/blog/2010/02/americans-suffer-while-government-workers-prosper/comment-page-1/#comment-805 Chris Tue, 16 Mar 2010 16:56:00 +0000 http://chrisbanescu.com/blog/?p=94#comment-805 The greatest threat to most Americans is government. Corrupt and rotten to the core, no terrorist ever did as much damage as the Bush/Obama scam artists have done. State and local governments are just as bad. They don't care, they want to harm you. They want to take everything you have for themselves. I have banned all government employees from my office, home and wish they all would resign or quit. They are evil people doing evil things. The greatest threat to most Americans is government. Corrupt and rotten to the core, no terrorist ever did as much damage as the Bush/Obama scam artists have done. State and local governments are just as bad. They don’t care, they want to harm you. They want to take everything you have for themselves.

I have banned all government employees from my office, home and wish they all would resign or quit. They are evil people doing evil things.

]]> By: Chris Banescu http://chrisbanescu.com/blog/2010/02/americans-suffer-while-government-workers-prosper/comment-page-1/#comment-766 Chris Banescu Thu, 18 Feb 2010 20:51:48 +0000 http://chrisbanescu.com/blog/?p=94#comment-766 Just in..... <strong>Inflation Surges at 16.8% Annual Rate, Jobless Claims Increase</strong> 2/18/2010 - Reuters http://www.cnbc.com/id/35457298 <blockquote>The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery. Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000. Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs. "When you have PPI moving up and still no progress in the jobs situation, that doesn't bode well for continued improvement in equity prices," said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.</blockquote> Just in…..

Inflation Surges at 16.8% Annual Rate, Jobless Claims Increase
2/18/2010 – Reuters
http://www.cnbc.com/id/35457298

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.

“When you have PPI moving up and still no progress in the jobs situation, that doesn’t bode well for continued improvement in equity prices,” said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

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