Einstein Economics vs Greedy Republicans
| By tcatt57 - Apr 21, 2009 3:21:01 AM PT |
The culpable Media will not print the truth that our economic reality is much, much worse than reported. This has been well known by economist for many years and Greed is the one and only 1 thing responsible, the Crime of the Century continues. The reality is that this crisis is rooted in every industry. Industry after industry is rigged to limit services and products from the middle class, and then dump piles of cash at the accounts for the top 1 percent, it is unbelievable. When you sit down and really figure it out, it just grabs & shakes you. Then you begin to look deeper at each situation for each industry, and then for another industry, and, on and on, Industry after industry. Once you start getting a better understanding, on each industry, you will soon realize the root problems inherent to a particular industry and to what group the problem is geared to reward. Then you understand how and why a group attacks a certain industry. Finally, reality becomes so overwhelming after further investigation on all the groups and individuals at the top, and you figure out every single media person, Left, Right, in the Middle, are all a part of the problem, or, in on it.
The Disgust attacks your whole being while you come to the realization just how bad things are and you finally realize it is pure greed, possibly unstoppable, and unfettered greed. This is GREED AND they are the GREEDY PIGS who cornered the money markets.
This is our reality and a fact. Facts are the one thing Republicans really Hate along with education and educated people. The fact is Republicans represent and assist the top 1 percent of the population who are embezzling from the middle class through legal loopholes and scam after scam, helping them remove massive amounts of money. This is done through multiple industries simultaneously and from the middle class to that top 1 percent. It is Truly, Unprecedented, and unbelievable, to have $20 Trillion, just transferred and confiscated by the top 1 percent of the population and the rest of us not say a Damn Thing. Despite these various money manipulating schemes from industries continuing day after day dumping mountains of cash to that specific 1% population, who should be given the Honored Label "Greediest People on Earth"!
They have transferred and currently own much more than the entire middle and lower classes combined and disgustingly scream very Loudly the fact that the 40% TOP TAX RATE WILL BE reinstated, Like it is a catastrophic event! Not ever mentioning the Trillions they have looted over the past years. They will once again still pay way less of the proportion tax than the Middle class has always paid, but will now have to pay something close to proportional again. It was the Middle class who received zero tax breaks under Bush, Reagan, and Clinton while the top 1 percent indiscriminately looted the country for the last 8 years beyond imagination. It was that very 1% who are largely sponsored the Tea Bag Protest.
These sane people just put out an article in the New Yorker, screaming, How UNFAIR, the Bush Tax give aways expiration is, and they falsely claim," THEY PAY EVERYTHING" crocidile tears::" More false claims are, "IT IS THEIR GENIUS THAT MAKES all the FANTASTIC WEALTH of the NATION Possible"
Despite the fact Our Economy may Tank after their Genius; Despite the Entire World Economy may die, Does Not Matter, They Claim, "SO WHAT!", Like Wise concerning, The Carbon Tax that is desperately needed or the Fact that the Entire Planet may be Destroyed; Nothing Matters but their Wealth, everything else is "SO WHAT"! These are just two of many cases!, but on issue after issue, & in industry after industry this is what is happening!, This is how each problem is viewed from the TOP DOWN! These people are deceitful and extremely disgustingly Greedy! These people have created situations so cash flows continuously & directly flow to the top 1 & 2 percent of the population always, remember $20 trillion to date. Despite this disgusting reality, We hear these same crooks, in the media, Screaming Socialism and Communism to any and all challengers
Trying every underhanded way to derail the only President that has talked straight to the American people. The first president in my 52 years who actually started tackling the problems that plague the Middle Class for 30 years. The last Republican president to help the middle class was Eisenhower, where was any effort from any Republican since then? Despite their never helping in any way and their continued gutting of every Federal agency, Republican spending is triple any Democrat;
Look at the FACTS; REPUBLICANS; HATE FACTS
http://www.lafn.org/gvdc/Natl_Debt_Chart.html
ANYWAYS, Don't just. blame the problem on the extremely disgusting Banksters and or \Wall Streetsters,(WHO DID TRANSFER TRILLION upon BILLIONS through all kinds of pure outrageous Illegal Scams), BUT the real problem is still that every industry is involved, and every single person you see in the media is part of it. Don't believe one word if they claim they are trying to solve this through some Humanitarian project, BS,. It's a SCAM.. Every industry has been rigged by pure GREED and GREEDY SOB's willing to destroy all opportunity for the remaining 296 million excluded from the 2 percent club. They do this at the expense of thousands dieing, losing homes, the environment, Nothing Matters, Even if the Whole Earth is threatened, which it is!
As long as the 6 million pigs can wallow cash and keep the Trillions.
Their disgusting Greedy Lives continue, and without paying anywhere close to their fair share of tax on their wealth Like the middle class always have and does.
They ARE ALREADY SCREAMING BLOODY MURDER NOW, an article in the New Yorker today has the greediest of all, the top 1 percent crying ALIGATOR TEARS with an average of 5 million each they think they are Gods. I am full well ready to show them they bleed. You in the media, the politicians, the entertainers, the athletes all wallow in excess and refuse to answer for being the problem. The only answer if these SOB's don't ante up is World War III, and I will make it my mission to make sure people know who caused it. They will eliminate 100 million of those pesky problems called People, and then the pigs can believe that 20 trillion was predestined to be stolen from the U.S. & World populations. We have always had the answer but the greedy even back in 1945 refused to listen to a person of integrity by labeling his position in the negative, but his positions as Communist & Socialist, but we know darn well Albert Einstein was neither. His economic theories and solutions are being completely and totally vindicated, every single one I might add!
Microeconomics for MBAs WRITTEN COMMENTARY
The Economics of Albert Einstein
Albert Einstein was the most extraordinary physicist of the 20th century. In a series of papers published between 1905 and 1916, he expanded and changed forever people's conception of the universe.
Accordingly, Einstein became in his own time, in the words of one of his biographers, "a living legend, a veritable folk hero, looked upon as an oracle, entertained by royalty, statesmen, and other celebrities, and treated by the public and presidents as if he were a movie star rather than a scientist."
No wonder 2005 has been declared in Germany as "The Year of Einstein" in due recognition of the hundredth anniversary of the publication of his seminal 1905 papers.
Yet what is remarkable is the extent to which Einstein was asked to comment on many of the important social, economic, and political issues of his day. What is equally remarkable is how his economic and social commentaries, which have been collected into volumes, were generally undistinguished, reflecting his uncritical adoption of the prevailing socialist/anti-capitalist ideology of his era.
He seems to have based many of his criticisms of market economies on his own brand of the Marxian "surplus value of labor," which he espoused in a piece collected in a little book on
The World as I See It:
By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid. . .
[W]hat the worker receives is determined not by the real value of the good he produces, but by his minimum needs. . .
Following Karl Marx and Thomas Malthus, Einstein reasoned that wages tended always to be suppressed to the level of "minimum needs" of workers by competition, to the ultimate benefit of
the small but dominant capitalist class.
According to Einstein, wages in the United States were relatively high (above the minimum needs of workers) only "because the country is sparsely populated" relative to available resources.
Einstein explained the Great Depression as the inevitable consequence of the relentless drive of technology that allowed capitalists to save labor:
As I see it, this crisis differs in character from past crises in that it is based on an entirely new set of conditions, due to the rapid progress in the method of production. Only a fraction of the available human labor in the world is needed for the production of the total amount of consumption-goods necessary to life.
Accordingly, while he at times lauded free enterprise for the technical progress the system engendered, Einstein held disdain for unfettered capitalism because "unlimited competition leads to a huge waste of labor, and to that of the crippling of the social consciousness of individuals. . .
This crippling of individuals I consider the worst evil of capitalism." In Einstein's world view, technology also led to a concentration of economic power in the hands of a few firms: "This dominant economic minority, heretofore autonomous to no one, has placed itself in opposition to limitation of its freedom of action, demanded for the good of the whole people."
Einstein advocated several solutions for unemployment in the 1930s, all but one of which are riddled with the type of soft economic thinking prevalent among pre-World War II socialists:
1) Reduce the workweek so that unemployment will be
"systematically abolished."
2) Establish a minimum wage "in such a way that the purchasing
power of the workers keeps pace with inflation," so that
workers have the means to buy the excess output.
3) Control the prices charged by "those industries which have
become monopolistic in character. . .," which would not only
increase the purchasing power of worker wages, but would also
have the side-benefit of constraining investment in labor-
saving technology.
www.cambridge.org/mckenzie
© Richard B. McKenzie and Dwight R. Lee
Microeconomics for MBAs WRITTEN COMMENTARY
4) Exclude older people from "certain sorts of work (which I
call 'unqualified' work), receiving instead a certain
income. . ."
5) Organize "production, labour, and distribution" according to
a "definite plan, in order to prevent valuable productive
energies from being thrown away and sections of the
population from becoming impoverished and relapsing into
savagery."
6) Control the money stock and volume of credit "to keep the
price-level steady" (the only solution of the six that many
mainstream/market-oriented economists today might find
agreeable).
With such a six-point recovery policy strategy, Einstein believed "it might be possible to establish a proper balance between production and consumption without too great a limitation on free enterprise, and at the same time to stop the intolerable tyranny of the owners of the means of production (land, machinery) over the wage earners . . ."
What is paradoxical about Einstein's frequently expressed concerns for the fate of the human population is that his philosophical disposition toward everything scientific was molded by the belief that the laws of physics applied everywhere and for all time, making the future of the universe in all its details "every whit as necessary and determined as the past."
If so, why bother with concocting strategies for social improvement here on Earth?
This year, we rightly celebrate Einstein's science, but certainly not his economics that he shared freely and widely with scholars and policy makers of his era. Fortunately, we can thank a host of pro-market public academics and intellectuals -most notably Friedrich Hayek, Milton Freidman, and Bill Buckley -- for ensuring that the folly of Einstein's economic reasoning would today be widely recognized.
www.cambridge.org/mckenzie
© Richard B. McKenzie and Dwight R. Lee
--
Thomas Carroll
tcatt57@gmail.com
"It's not enough that we do our best; sometimes we have to do what's required."
Sir Winston Churchill
The Disgust attacks your whole being while you come to the realization just how bad things are and you finally realize it is pure greed, possibly unstoppable, and unfettered greed. This is GREED AND they are the GREEDY PIGS who cornered the money markets.
This is our reality and a fact. Facts are the one thing Republicans really Hate along with education and educated people. The fact is Republicans represent and assist the top 1 percent of the population who are embezzling from the middle class through legal loopholes and scam after scam, helping them remove massive amounts of money. This is done through multiple industries simultaneously and from the middle class to that top 1 percent. It is Truly, Unprecedented, and unbelievable, to have $20 Trillion, just transferred and confiscated by the top 1 percent of the population and the rest of us not say a Damn Thing. Despite these various money manipulating schemes from industries continuing day after day dumping mountains of cash to that specific 1% population, who should be given the Honored Label "Greediest People on Earth"!
They have transferred and currently own much more than the entire middle and lower classes combined and disgustingly scream very Loudly the fact that the 40% TOP TAX RATE WILL BE reinstated, Like it is a catastrophic event! Not ever mentioning the Trillions they have looted over the past years. They will once again still pay way less of the proportion tax than the Middle class has always paid, but will now have to pay something close to proportional again. It was the Middle class who received zero tax breaks under Bush, Reagan, and Clinton while the top 1 percent indiscriminately looted the country for the last 8 years beyond imagination. It was that very 1% who are largely sponsored the Tea Bag Protest.
These sane people just put out an article in the New Yorker, screaming, How UNFAIR, the Bush Tax give aways expiration is, and they falsely claim," THEY PAY EVERYTHING" crocidile tears::" More false claims are, "IT IS THEIR GENIUS THAT MAKES all the FANTASTIC WEALTH of the NATION Possible"
Despite the fact Our Economy may Tank after their Genius; Despite the Entire World Economy may die, Does Not Matter, They Claim, "SO WHAT!", Like Wise concerning, The Carbon Tax that is desperately needed or the Fact that the Entire Planet may be Destroyed; Nothing Matters but their Wealth, everything else is "SO WHAT"! These are just two of many cases!, but on issue after issue, & in industry after industry this is what is happening!, This is how each problem is viewed from the TOP DOWN! These people are deceitful and extremely disgustingly Greedy! These people have created situations so cash flows continuously & directly flow to the top 1 & 2 percent of the population always, remember $20 trillion to date. Despite this disgusting reality, We hear these same crooks, in the media, Screaming Socialism and Communism to any and all challengers
Trying every underhanded way to derail the only President that has talked straight to the American people. The first president in my 52 years who actually started tackling the problems that plague the Middle Class for 30 years. The last Republican president to help the middle class was Eisenhower, where was any effort from any Republican since then? Despite their never helping in any way and their continued gutting of every Federal agency, Republican spending is triple any Democrat;
Look at the FACTS; REPUBLICANS; HATE FACTS
http://www.lafn.org/gvdc/Natl_Debt_Chart.html
ANYWAYS, Don't just. blame the problem on the extremely disgusting Banksters and or \Wall Streetsters,(WHO DID TRANSFER TRILLION upon BILLIONS through all kinds of pure outrageous Illegal Scams), BUT the real problem is still that every industry is involved, and every single person you see in the media is part of it. Don't believe one word if they claim they are trying to solve this through some Humanitarian project, BS,. It's a SCAM.. Every industry has been rigged by pure GREED and GREEDY SOB's willing to destroy all opportunity for the remaining 296 million excluded from the 2 percent club. They do this at the expense of thousands dieing, losing homes, the environment, Nothing Matters, Even if the Whole Earth is threatened, which it is!
As long as the 6 million pigs can wallow cash and keep the Trillions.
Their disgusting Greedy Lives continue, and without paying anywhere close to their fair share of tax on their wealth Like the middle class always have and does.
They ARE ALREADY SCREAMING BLOODY MURDER NOW, an article in the New Yorker today has the greediest of all, the top 1 percent crying ALIGATOR TEARS with an average of 5 million each they think they are Gods. I am full well ready to show them they bleed. You in the media, the politicians, the entertainers, the athletes all wallow in excess and refuse to answer for being the problem. The only answer if these SOB's don't ante up is World War III, and I will make it my mission to make sure people know who caused it. They will eliminate 100 million of those pesky problems called People, and then the pigs can believe that 20 trillion was predestined to be stolen from the U.S. & World populations. We have always had the answer but the greedy even back in 1945 refused to listen to a person of integrity by labeling his position in the negative, but his positions as Communist & Socialist, but we know darn well Albert Einstein was neither. His economic theories and solutions are being completely and totally vindicated, every single one I might add!
Microeconomics for MBAs WRITTEN COMMENTARY
The Economics of Albert Einstein
Albert Einstein was the most extraordinary physicist of the 20th century. In a series of papers published between 1905 and 1916, he expanded and changed forever people's conception of the universe.
Accordingly, Einstein became in his own time, in the words of one of his biographers, "a living legend, a veritable folk hero, looked upon as an oracle, entertained by royalty, statesmen, and other celebrities, and treated by the public and presidents as if he were a movie star rather than a scientist."
No wonder 2005 has been declared in Germany as "The Year of Einstein" in due recognition of the hundredth anniversary of the publication of his seminal 1905 papers.
Yet what is remarkable is the extent to which Einstein was asked to comment on many of the important social, economic, and political issues of his day. What is equally remarkable is how his economic and social commentaries, which have been collected into volumes, were generally undistinguished, reflecting his uncritical adoption of the prevailing socialist/anti-capitalist ideology of his era.
He seems to have based many of his criticisms of market economies on his own brand of the Marxian "surplus value of labor," which he espoused in a piece collected in a little book on
The World as I See It:
By using the means of production, the worker produces new goods which become the property of the capitalist. The essential point about this process is the relation between what the worker produces and what he is paid. . .
[W]hat the worker receives is determined not by the real value of the good he produces, but by his minimum needs. . .
Following Karl Marx and Thomas Malthus, Einstein reasoned that wages tended always to be suppressed to the level of "minimum needs" of workers by competition, to the ultimate benefit of
the small but dominant capitalist class.
According to Einstein, wages in the United States were relatively high (above the minimum needs of workers) only "because the country is sparsely populated" relative to available resources.
Einstein explained the Great Depression as the inevitable consequence of the relentless drive of technology that allowed capitalists to save labor:
As I see it, this crisis differs in character from past crises in that it is based on an entirely new set of conditions, due to the rapid progress in the method of production. Only a fraction of the available human labor in the world is needed for the production of the total amount of consumption-goods necessary to life.
Accordingly, while he at times lauded free enterprise for the technical progress the system engendered, Einstein held disdain for unfettered capitalism because "unlimited competition leads to a huge waste of labor, and to that of the crippling of the social consciousness of individuals. . .
This crippling of individuals I consider the worst evil of capitalism." In Einstein's world view, technology also led to a concentration of economic power in the hands of a few firms: "This dominant economic minority, heretofore autonomous to no one, has placed itself in opposition to limitation of its freedom of action, demanded for the good of the whole people."
Einstein advocated several solutions for unemployment in the 1930s, all but one of which are riddled with the type of soft economic thinking prevalent among pre-World War II socialists:
1) Reduce the workweek so that unemployment will be
"systematically abolished."
2) Establish a minimum wage "in such a way that the purchasing
power of the workers keeps pace with inflation," so that
workers have the means to buy the excess output.
3) Control the prices charged by "those industries which have
become monopolistic in character. . .," which would not only
increase the purchasing power of worker wages, but would also
have the side-benefit of constraining investment in labor-
saving technology.
www.cambridge.org/mckenzie
© Richard B. McKenzie and Dwight R. Lee
Microeconomics for MBAs WRITTEN COMMENTARY
4) Exclude older people from "certain sorts of work (which I
call 'unqualified' work), receiving instead a certain
income. . ."
5) Organize "production, labour, and distribution" according to
a "definite plan, in order to prevent valuable productive
energies from being thrown away and sections of the
population from becoming impoverished and relapsing into
savagery."
6) Control the money stock and volume of credit "to keep the
price-level steady" (the only solution of the six that many
mainstream/market-oriented economists today might find
agreeable).
With such a six-point recovery policy strategy, Einstein believed "it might be possible to establish a proper balance between production and consumption without too great a limitation on free enterprise, and at the same time to stop the intolerable tyranny of the owners of the means of production (land, machinery) over the wage earners . . ."
What is paradoxical about Einstein's frequently expressed concerns for the fate of the human population is that his philosophical disposition toward everything scientific was molded by the belief that the laws of physics applied everywhere and for all time, making the future of the universe in all its details "every whit as necessary and determined as the past."
If so, why bother with concocting strategies for social improvement here on Earth?
This year, we rightly celebrate Einstein's science, but certainly not his economics that he shared freely and widely with scholars and policy makers of his era. Fortunately, we can thank a host of pro-market public academics and intellectuals -most notably Friedrich Hayek, Milton Freidman, and Bill Buckley -- for ensuring that the folly of Einstein's economic reasoning would today be widely recognized.
www.cambridge.org/mckenzie
© Richard B. McKenzie and Dwight R. Lee
--
Thomas Carroll
tcatt57@gmail.com
"It's not enough that we do our best; sometimes we have to do what's required."
Sir Winston Churchill
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