21st Century Karl Marx


 

Social Compact

BO’s ‘social compact’ may be part of his extreme ideology and drive to level ‘playing field’ for all in US and for leveling the US comparatively in the world. This is our 21st Century Karl Marx, a Saul Alinksy disciple.

 

Dollar Collapse and an Economic New World Order (NOW)

 

Left unchecked the US dollar will collapse. Then the IMF / G20 may ‘rescue’ the US economy with a coordinated debt restructuring. This may include severe entitlements’ ‘haircuts’. At first, BO may gleam with delight and proclaim that capitalism killed the US and world economy. BO may then expect a promotion – global leader of an economic New World Order (NOW). No way! The IMF and G20 will bluntly rebuke him and ask that he organize communities again. The IMF understands that the private economy must be re-established and allowed to thrive.

 

The economic NOW may struggle for several years. However new technologies plus global nanny state destruction will catapult the world economy to unprecedented heights.

 

BO cannot comprehend this. He has never created a dollar of genuine wealth. Finally his days of influence are waning every day as our public debt daily increases by 4-5 trillion. Soon, however, Capitalism will thrive as never before!

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About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.
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4 Responses to 21st Century Karl Marx

  1. P B says:

    The only business deal this moron Odumbo has ever completed is buying a house, which has probably gone into foreclosure now. Herman Cain said it right, this jerk isn’t qualified to run a lemonade stand [ except into the ground].

  2. Tricia Adams says:

    Free markets are self-correcting and perhaps that is why they work so well even though they are so complex. There is a strong tendency to want to try to control something that appears to be out of control and chaotic, but I submit to you that a chaotic structure like an economy, which is run under a free market system, will indeed solve all the problems if it is just left alone.

  3. economics501 says:

    Tricia:

    Thanks again for providing a quick and concise comment about the complexity of our economy and noting that there is ” a strong tendency to want to try to control something that appears to be out of control and chaotic”. I totally agree with you that free markets are much more effective than government control. So the more free our economic markets are the stronger our economy will be. Empirical data supports us (US between 1776 – 2007 vs failed European social democracies and the more obvious economic failures of the USSR, Maoist China, North Korea, Cuba).

    I am half way through with Mark Levin’s ‘Ameritopia’. Much of the book provides historical background for a tendency to ‘control’ the economy, with reasons why this has never worked and never will. I’ll provide a book review in week or two.

    Best
    Economics501

    References:
    “Rules For Radicals” by Saul Alinsky
    “Ameritopia” by Mark Levin

    http://economics501.wordpress.com/2011/11/06/ows-creative-destruction/

    http://economics501.wordpress.com/2011/12/10/socialism-vs-marxism-take-2/

    http://economics501.wordpress.com/2011/12/04/socialism-vs-marxism/

  4. website says:

    It seems to me that this site doesnt load in a Motorola Droid. Are other folks having the same issue? I like this webpage and dont want to have to miss it when Im gone from my computer.

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