The 2008 crisis had nothing to do with the stock market. It all had to due with the banks taking on far too much debt due to government policies letting them get too big and promoting policies that people should own houses that they can't afford.
Right. And which industry's lobbyists got the government to enact those policies?
But those are due to bad government policies, not the ideals of capitalism.
No, this same pattern repeats itself in every bust and boom cycle, which is an inescapable consequence of leaving the economy to the whims of the market.
Sorry, but that's the system that we live in and it's not going to change. Communism died in 1991 and it's not coming back.
Wow. No matter how many times I explain it, you guys can't seem to get it through your heads:
Stalinism is not socialism, let alone communism.
What makes you so confident the system will never change? I'm sure at the beginning of this year Mubarak thought he was going to be the ruler of Egypt for a long time to come. The system has failed, people are suffering and sooner or later they're going to snap. We're already seeing giant protests all over the world. You think this anger is just going to go away?
Doesn't really matter what you think, because that's exactly what's happening. Conservative governments unite the opposition; nominally "left" governments fool the people into thinking the state has their best interests at heart. That's how you get things like rank-and-file Democrats defending cuts to Social Security and Medicare.
1. There isn't will among the ruling elite because they fear that if they cut such programs they'll be voted out.
2. The super-committee in Congress was not allowed to touch Social Security and Medicare. Nancy Pelosi stuffed it with members like Jim Clyburn to ensure that it wouldn't be touched. Barack Obama pretty much demanded that they would not touch the entitlement programs.
And we all know how much a promise from Barack Obama is worth. This is the same guy who stuffed the panel with deficit hawks like Alan Simpson and Erskine Bowles.
You're correct that the political elite is afraid to cut these programs or else they'll be voted out; even the supposedly anti-government Republicans know that. That's why they've put together this "super-committee", as a means of putting through the cuts while avoiding accountability. But if we're talking about the elite having the
will to carry through these cuts...of course they have the will, otherwise why would we be talking about it in the first place?
Yes it is. The problem with our entitlement programs is that they were developed decades ago and do not take into account of today's world with the population aging at a much faster rate, increases in health problems such as obesity, living much longer, etc.
True, and they should take those things into account. I'm just not sure how you expect these programs to offer increased benefits while bringing down costs. Trying to square that circle won't work. It's really a question of the priorities in American society: do you want your money to go towards, for example, stealth bombers and corporate tax cuts, or towards helping sick people and the elderly?
Why, because some of those programs were insane and there is no way the government could effort them. There was a program that said if a Greek government worker died, the pension would be given to the worker's daughter, until she is married. That means the pension will continue long after the original worker is dead. That is a huge drain of resources for Greek government, its a huge waste. Its not sustainable. Having programs like these make people dependent on the government and ensures the government has no real resources sustain these programs. Here are some articles dealing with the pension system in Greece and why it doesn't work. This pension system is not a necessity, its a luxury and one they cannot afford.
http://www.bloomberg.com/news/2010-...-difficult-to-defuse-for-unwed-daughters.html
http://www.economist.com/blogs/charlemagne/2010/02/greeces_generous_pensions
This is why I am not communist, communists seem to think the government is a magical entity, that has unlimited money, its not. I am Canadian and center left in Canada, which would put me to the left of the center left in the US. So I believe in something of welfare state, but that doesn't mean I believe the government should do everything for everyone. Relying on the government all the time is not a good way to live and the government having to take money from other institutions to pay for these programs is a bad way to run a country, it enslaves the country to these institutions. That's the problem with borrowing money, you are indebted to the person you borrow and you are endanger of losing your personal freedom to those you are indebted to.
I don't want people to rely on the government. The role of the welfare state under capitalism is basically about helping the people who've lost out under the system. I want working people to run society for themselves and produce for human need rather than private profit - a system which guarantees
full employment with good wages, benefits and pensions.
You're right that all this has to be paid for. We have the money to pay for this stuff already; it just gets siphoned off by the ultra-wealthy as part of their profits or tax cuts, or spent on ******** military/security programs that buttress the corporate state. We can use those funds for things that actually improve people's lives instead.
For your talk about capitalism is in crisis, you seem to ignore the fact that communism has been in crisis since 1991 and that crisis has never been resolved. Until communists address that, communism will never be seen as a viable option.
Jesus, I keep addressing it, over, and over, and over, and OVER again. You just don't want to listen. You think my argument - that those governments did not represent real socialism in the Marxist sense - is a cop-out. Well, I don't know what else you want me to say. I'm a Trotskyist. Marxism can explain the collapse of Stalinism, you're just not interested in that explanation. I'd be happy to go into more detail in another thread if that's what you want, but I can't keep explaining something to a person who refuses to listen.
"Do you have eyes but fail to see, and ears but fail to hear?" - Mark 8:18
Again, regardless of whether people believe in Marxism or not is irrelevant, because the things Marx talked about are happening right now. A crisis of capitalism on a global scale. Working people being squeezed more and more while the bosses get richer and richer. People have already started rebelling - in Egypt and Tunisia, in Greece, in Spain, in Russia, in the Occupy movement.
The question is where do we go from here? Most people don't have an answer to that question. Marxism does. It explains how we got into this mess and how we can get out. That's why it's still relevant today.
I also just want to point out...
- Communist Party of the Russian Federation is now the 2nd biggest party in the Duma and the main opposition to Putin
- Parties to the left of the "socialist" PASOK (15% support) now have a combined 37% support in Greek opinion polls
- The Orange Wave in Canada's federal election that brought the NDP to power
- Biggest general strike in Britain since 1926
Most people aren't Marxists. But they're fed up with the bitter realities of life under capitalism in the 21st century. And whatever you think, the reality is that class struggle exists and we see clear evidence of that every day.