So, your stance is that we've not seen losses socialized over the last decade?Originally Posted by RUSH LIMBAUGH is my clone!
So, your stance is that we've not seen losses socialized over the last decade?
again, pls. elaborate.
Put a lid on it! Kiss it goodbye. We gave it away, and apparently thought it made sense to do so.
I don't think any true conservative or libertarian favors the regulatory capture that has occured with the executive branch regulatory agencies by Wall Street. What I don't understnd is why the left and the right can't rally together on this point. The left wants more government which naturally is corruptible by the money from wall Street. The right likes big corporations which like to spend their money corrupting government officials. Lets do away with big government and big banks. Win-win for everybody!
reg·u·la·to·ry cap·ture
NOUN
- an economic situation in which regulators serve the interests of industry rather than the interests of consumers or the environment
Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.
I've been hooked up with homecoming, softball and soccer.
Think "too big to fail".
SN, I really doubt that he's ever seen the phrase before this thread. Way too self-explanatory a name to be used on a right-wing site.
Rush, "Socializing costs" is when a mining company leaves all its till piles on the ground for society to clean up (after absorbing enough bad health effects to motivate government to act), and leaves its open pits or abandoned shafts to fill up with water which becomes polluted and creates a health hazard.
My favorite is when an 18-wheeler does 9000 times as much damage to a highway as a private car does, yet pays a lower Oklahoma tax for diesel fuel than the car does for gasoline.
The entire phrase is "privatize gains and socialize costs." Implying that the company / industry improves its balance sheet by counting on the government or non-profits to take up the slack and clean up after them.
Many regulations are designed to force companies to clean up after themselves. That costs money, and that's why they wring their hands about regulations costing them money. But the cost is generated by their activity in the first place. Who should pay for it?
Ukraine: Not Our Fight.
More epicycles!
Thnx TAFB. Nobody who wants sanity would want the socialization of damage(socializing costs) done for any private activity, and would prefer that any damaging activities be corrected by the entity that causes the damage.
Put a lid on it! Kiss it goodbye. We gave it away, and apparently thought it made sense to do so.
And yet that's what we have. That's what comes from giving the crony capitalists way too much power over our government.
In Oklahoma an entity called the Oklahoma Energy Resources Board is cleaning up abandoned well sites all over the state. They are an example of an industry taking some responsibility in "cleaning up their mess." Although it's mostly current energy firms cleaning up after those that drilled and ran. And they are pretty much an exception.
OERB background, from their website: In 1993, leaders representing Oklahoma's oil producers and royalty owners, working with the Oklahoma State Legislature, formed the Oklahoma Energy Resources Board. Oklahoma's natural gas producers joined soon after. Our mission: to use the strength of Oklahoma's greatest industry to improve the lives of all Oklahomans through education and restoration.
Ukraine: Not Our Fight.
More epicycles!
Those on the right(the republican base) are against crony capitalism(akin to fascism) as well as authoritaran socialism.
Put a lid on it! Kiss it goodbye. We gave it away, and apparently thought it made sense to do so.
Yet when you vote for Republican establishment candidates, you are enabling the crony capitalists.
Or you could vote for Trump - he would be a crony capitalist who is his own crony.
Ukraine: Not Our Fight.
More epicycles!
haha, not all republicans are for crony capitalism but all the democrats are, except for Sanders, who isn't for capitalism, period. Trump is unique among all candidates in memory, in that he doesn't need any more money to be uber rich.
Put a lid on it! Kiss it goodbye. We gave it away, and apparently thought it made sense to do so.
Free market capitalists: http://observer.com/2010/06/the-koch...orate-welfare/
Most of them seem to be...even the majority of ours here in Oklahoma except Bridenstine...
You say "even the majority of ours here in Oklahoma except Bridenstine" as if every Republican in our delegation isn't a corrupt establishment hack that bootlicks the leadership like a eunuch slave boy. Cole being first and foremost among them. Bridenstine is the only member of our delegation (House or Senate) with a shred of integrity and principles.
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