Monday, November 28, 2011

Super Committee Fails, but American People Win


Read ALL of Adam Smith's work on how capitalism works and what will kill it - understand what you're talking about before sticking your nose up. Capitalism isn't practiced today.



Yup, I sound like Reich. I also sound like Nouriel Roubini. And Paul Krugman. Now that the dust has settled and the evidence is clear and it front of us, the FACT is that Roubini and Krugam and Reich saw this bubble and predicted most of its impacts many years ago. None of the "non-elite­" (?) wanted to hear it. But they were right.



The pundits you choose to listen to because they agree with your biased opinions were wrong. Some of the Friedman economists have even come around to agreeing with Roubini - but you haven't. Apparently­, you're smarter. But you're wrong about the economy.



There are two types of people who talk like you - people born with silver spoons in their mouths and people who, through some hard work, a ton of good luck, and help from others (that is usually forgotten and replaced with "I did it all myself" memory), managed to make a respectabl­e living despite starting with very little. For different reasons you both believe the same irrational conclusion­: "everyone can be rich if they work hard."



Your wonder church and local mission will be needing to size up by about 500% over the next few years if we don't directly address the capitalism­-killing problem of 'winner takes all' economics.
Read the Article at HuffingtonPost

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