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Karl Marx Predicted Libertarian/Ron Paul Foolishness


By bgamall4   Follow   Tue, 18 Oct 2011, 9:55am   2,248 views   28 comments
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http://www.businessinsider.com/karl-marx-predicted-libertarianron-paul-foolishness-2011-10

Ron Paul is moral decay, the decay of selfishness.

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  1. uomo_senza_nome


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    1   12:07pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    /* That 66 percent cut in food stamps will go to inflating house prices artificially. That seems hypocritical from someone who has criticized speculation before! */

    Here's the problem with this statement. It looks at the proposed spending cut in isolation, while ignoring the fact that the spending cut would actually eliminate privatization of the welfare state (http://abcnews.go.com/Business/Economy/story?id=7452561). Also see: http://caivn.org/article/2011/02/23/food-stamps-big-money-jp-morgan-chase

    Everything else you argue works off of the assumption that there will be more speculation because of the spending cuts, without actually analyzing the overall impact, looking at the big picture.

    /* You will help destroy capitalism and prove Marx right. */

    He will help destroy crony capitalism and prove Marx right, if Marx was talking about crony capitalism.

    All capitalism is crony according to you I guess (which is obviously wrong), so you may not see my point.

    Please consider reading this: http://www.hacer.org/pdf/Hazlitt00.pdf [Economics in one lesson], without any political bias.

  2. HousingWatcher


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    2   12:47pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    You shouldn't criticize Ron Paul. His supporters are like a cult and will make your life miserable. Countless bloggers have learned this the hard way.

  3. uomo_senza_nome


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    3   1:15pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    HousingWatcher says

    You shouldn't criticize Ron Paul. His supporters are like a cult and will make your life miserable.

    FYI, I am not a part of that cult. However I am asking a reasonable question because the article makes so many implicit assumptions about how things will pan out due to spending cuts, thereby making the argument presented by the author as weak.

    It looks more like a diatribe against libertarianism and Ron Paul rather than attacking the substance of the plan.

  4. bgamall4


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    4   2:09pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    HousingWatcher says

    You shouldn't criticize Ron Paul. His supporters are like a cult and will make your life miserable. Countless bloggers have learned this the hard way.

    I know. I know they nest at BI. Even Henry and Zeke get buried by their negative comments.

  5. bgamall4


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    5   3:07pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    austrian_man says

    It looks more like a diatribe against libertarianism and Ron Paul rather than attacking the substance of the plan.

    Hey man, I have written other articles about his plan. I personally believe that the failure of banks and runs on banks will be massive if Ron Paul's wild west show is allowed to come into reality. Banks need to be regulated as utilites so that the deposits can be safe. Ron Paul wants anything goes, and you will put money into banks that fail. Are you prepared for that Austrian Man?

  6. uomo_senza_nome


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    6   3:23pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    bgamall4 says

    I personally believe that the failure of banks and runs on banks will be massive if Ron Paul's wild west show is allowed to come into reality

    Well, if you won't let the institutions that emphasize the concept of "privatizing profits and socializing losses" fail, who would you let fail then Gary?

    I am trying to imagine how would corporations look in your view of the society?

    You want the government to oversee the financial institutions to make sure they're under control, but the institutions are already out of control and no one is doing anything to stop it. Both Dem and Rep have not done anything meaningful.

    bgamall4 says

    Banks need to be regulated as utilites so that the deposits can be safe.

    You think they're safe today after Dodd-Frank? they're a ticking timebomb.

    See this article: http://www.bloomberg.com/news/2011-10-18/bofa-said-to-split-regulators-over-moving-merrill-derivatives-to-bank-unit.html

    bgamall4 says

    Ron Paul wants anything goes, and you will put money into banks that fail.

    You have a quadrillion in derivatives that will destabilize the entire global economy. How safe do you feel now?

  7. Bitcoins arent the future?


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    7   3:32pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    This is worst piece of Hate drivel I think I've ever seen.

    He speaks of no details. He calls him a Libertarian and then throws him under the bus for being a Republican. He conjures up every slander he can come up with with no evidence. Why should Ron Paul have disowned his own son???

    I'm pretty sure Ron Pauls beef is with the large corrupt banking system and government frolicking hand in hand in a sea of taxpayer money. He is not running on the 'steal lunch from poverty-stricken children' platform.

    I'm not certain that cancelling food stamps would lead directly to government real estate investment. I'm calling bunk on that.

    I'm calling bunk on the racist thing too, thats not really a Libertarian ideal. Now McCain- there is a racist you can vote for.

    If Marx was such a genius, where is his form of gov't today?

  8. bgamall4


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    8   3:33pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    austrian_man says

    You want the government to oversee the financial institutions to make sure they're under control, but the institutions are already out of control and no one is doing anything to stop it. Both Dem and Rep have not done anything meaningful.

    Well, that is not completely true. The easy money lending has been slowed. We don't know if the Dems can keep it up but with the deregulation of the Republicans we will have easy money lending.

    #OWS needs to warn people to pull their money out of Bank of America. The FDIC is on our side. The Fed is on the side of the banks. Thanks for the article.

  9. bgamall4


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    9   3:33pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    Bitcoins are the future says

    If Marx was such a genius, where is his form of gov't today?

    Marx was like Ron Paul, an astute observer with no solutions.

  10. leo707


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    10   3:34pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    austrian_man says

    You want the government to oversee the financial institutions to make sure they're under control, but the institutions are already out of control and no one is doing anything to stop it. Both Dem and Rep have not done anything meaningful.

    What strikes me as overly silly is the idea that corporate fraud is caused by government intervention. That's the libertarian argument right? I seriously doubt that cooperate executives will suddenly become ethical conscientious overlords in the absence of any rules. It sounds to me like the libertarians are arguing that the effective solution to a crime ridden city is to get rid of what police remain, and everything will just work it's self out.

  11. leo707


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    11   3:34pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    bgamall4 says

    Bitcoins are the future says

    If Marx was such a genius, where is his form of gov't today?

    Marx was like Ron Paul, an astute observer with no solutions.

    Gary Anderson strategicdefaultbooks.com

    Bingo.... well, no workable realistic solutions.

  12. leo707


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    12   3:36pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    Bitcoins are the future says

    If Marx was such a genius, where is his form of gov't today?

    The same place as the libertarian form of government.

  13. bgamall4


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    13   3:42pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    leoj707 says

    The same place as the libertarian form of government.

    Both in the toilet. :)

  14. Bitcoins arent the future?


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    14   3:46pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    Like it or not, Ron Paul is the only candidate who isn't a total bitch to some mega-corporation. Hes the real deal. That's why hes got a media blackout.

    http://www.youtube.com/watch?v=cUXBz6AGJFM

  15. leo707


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    15   3:49pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    Bitcoins are the future says

    Like it or not, Ron Paul is the only candidate who isn't a total bitch to some mega-corporation. Hes the real deal. That's why hes got a media blackout.

    http://www.youtube.com/watch?v=cUXBz6AGJFM

    Yeah, that one thing that I like about him, but his theories on government --if put into practice-- would make everyone a total bitch to some mega-corporation.

  16. Bitcoins arent the future?


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    16   3:54pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    The glory of it is that he has to muster support in the senate and congress. I firmly believe that few pure libertarian ideals would ever make it through.

    He would be given the chance to move things back to the right direction, and the checks and balances of our form of government would prevent pure libertarianism from being implemented.

  17. leo707


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    17   3:57pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    Bitcoins are the future says

    The glory of it is that he has to muster support in the senate and congress. I firmly believe that few pure libertarian ideals would every make it through.

    He would be given the chance to move things back to the right direction, and would have to work through the checks and balances of our form of government to prevent pure libertarianism from being implemented.

    I am not quite sure what you are saying here. It sounds like, "Vote for him because of his libertarian ideals, but don't worry he will never be able to implement them because of government."

  18. uomo_senza_nome


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    18   4:37pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    leoj707 says

    What strikes me as overly silly is the idea that corporate fraud is caused by government intervention. That's the libertarian argument right?

    I don't think so. I think Governments and corporations colluding to screw the taxpayer is what's happening now. Without any particular label, what I would like to see is a reform of moral character at the highest levels of governance. If you don't have that, both big government and small government are bound to fail.

    leoj707 says

    It sounds to me like the libertarians are arguing that the effective solution to a crime ridden city is to get rid of what police remain, and everything will just work it's self out.

    I see your point. But trust is important when electing a leader. How did that work out for you since 2008? How do you think that will work out if Ron Paul is elected?
    Here's the thing: do you agree that he'll do more good than harm?

  19. uomo_senza_nome


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    19   4:40pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    bgamall4 says

    The easy money lending has been slowed. We don't know if the Dems can keep it up but with the deregulation of the Republicans we will have easy money lending.

    The easy money lending getting slowed has nothing to do with the Dems. It has everything to do with the Fed, who pay 0.25% (positive) interest on excess reserves. Banks are happy with a free 0.25% as opposed to risky loans when the entire consumer market is already sagging with debt.

    I don't think the easy money lending will pan out with Ron Paul because he advocates sound money and honest banking.

  20. leo707


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    20   4:54pm Tue 18 Oct 2011   Share   Quote   Permalink   Like   Dislike  

    austrian_man says

    I think Governments and corporations colluding to screw the taxpayer is what's happening now.

    Yes, and sans government corps would not have the need for "a partner in crime", they could just do all the screwing directly. Also, at times when push comes to shove government does reign in corps. Reforming government could fix this, removing government would make things much worse.

    One of the worst possible things we could do would be to let go of the reigns all together and tell corps, "We trust you to do the right thing."

    austrian_man says

    see is a reform of moral character at the highest levels of governance. If you don't have that, both big government and small government are bound to fail.

    I am not sure what you would like to see in this regard, but removing the $ motive from politicians would be a big start. I think that publicly funded campaigns, and increased transparency are keys to encouraging more "moral" behavior from politicians.

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