Does Socialism hurt more people than it helps?

[Napoleon Ier]

We have seen the progression of communism and socialism and know that it has failed.

Sup bitch, how you enjoying that recession?

GabonX misspoke. He meant to add, democratic socialism, and interventionist capitalism (especially based on permanent and government-set artificially low interest rates) to the list.

[GabonX]

We have seen the progression of communism and socialism and know that it has failed.

Sup bitch, how you enjoying that recession?

This recession is largely a result of Clinton introducing socialist ideals into our banking system. Banks were obligated to make housing loans to people who had no way of paying the money back and we are currently seeing the result of those actions.

[Napoleon Ier]

We have seen the progression of communism and socialism and know that it has failed.

Sup bitch, how you enjoying that recession?

This recession is largely a result of Clinton introducing socialist ideals into our banking system. Banks were obligated to make housing loans to people who had no way of paying the money back and we are currently seeing the result of those actions.

Absolutely, the Clinton Administration's Urban Development's Program pushed the Community Re-Investment Act of 1994, which was followed by increasing bank merging and multi-bank loaning, taking financial structures from the old and traditional "Savings-and-Loans" establishments to the faceless conglomerates we know today.

You also had the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 requiring two specific government-sponsored mortgage enterprises to redirect 50% of their business into CRA programs... their names were Freddie Mac and Fannie Mae.

[Snorri1234]

We have seen the progression of communism and socialism and know that it has failed.

Sup bitch, how you enjoying that recession?

This recession is largely a result of Clinton introducing socialist ideals into our banking system. Banks were obligated to make housing loans to people who had no way of paying the money back and we are currently seeing the result of those actions.

They weren't obligated. They were told that if they did nothing bad would come off it. So being the bunch of money-loving cunts that bankers are, they proceeded to do it a lot. It wasn't so much of a result of socialist ideals but more of a result of someone who had no clear grasp on reality. (Or at the very least, no idea of how bankers think.)


A socialist would say "They deserve to have a nice home" a capitalist would say "They should be able to afford that home" but a person with a functioning brain would say "f*ck guys, this shit won't work!". Every single economic or social decision should be based on whether it works and not on a particular idealistic theory.
This is why Europe doesn't have so much bad shit from this thing, because even though Europe is far more "socialist" (universal healthcare and whatnot) the governments weren't so moronic to tell bankers they could make lots of money by doing something that didn't work. The only problem we have is that our bankers decided to trade with your bankers while your bankers promised money they didn't have.


And this is why I hate this shit so much. It's not that one side of the debate doesn't have a working solution, it's that they base that solution on all the wrong reasons. People who use "capitalism" or "socialism" to base their policies on instead of plain common sense. (Nappy has quite the habit of this by the way, while I actually agree sometimes with him he always wraps it up in such racist or capitalist terms that I go against him even though I agree with his basic stance.)

[luns101]

This recession is largely a result of Clinton introducing socialist ideals into our banking system. Banks were obligated to make housing loans to people who had no way of paying the money back and we are currently seeing the result of those actions.

Yep

[GabonX]

A socialist would say "They deserve to have a nice home" a capitalist would say "They should be able to afford that home" but a person with a functioning brain would say "f*ck guys, this shit won't work!". Every single economic or social decision should be based on whether it works and not on a particular idealistic theory.
This is why Europe doesn't have so much bad shit from this thing, because even though Europe is far more "socialist" (universal healthcare and whatnot) the governments weren't so moronic to tell bankers they could make lots of money by doing something that didn't work. The only problem we have is that our bankers decided to trade with your bankers while your bankers promised money they didn't have.


And this is why I hate this shit so much. It's not that one side of the debate doesn't have a working solution, it's that they base that solution on all the wrong reasons. People who use "capitalism" or "socialism" to base their policies on instead of plain common sense. (Nappy has quite the habit of this by the way, while I actually agree sometimes with him he always wraps it up in such racist or capitalist terms that I go against him even though I agree with his basic stance.)

I actually agree with this. There is no one right way but I don't want the government to encroach on my personal freedom.

[Snorri1234]

A socialist would say "They deserve to have a nice home" a capitalist would say "They should be able to afford that home" but a person with a functioning brain would say "f*ck guys, this shit won't work!". Every single economic or social decision should be based on whether it works and not on a particular idealistic theory.
This is why Europe doesn't have so much bad shit from this thing, because even though Europe is far more "socialist" (universal healthcare and whatnot) the governments weren't so moronic to tell bankers they could make lots of money by doing something that didn't work. The only problem we have is that our bankers decided to trade with your bankers while your bankers promised money they didn't have.


And this is why I hate this shit so much. It's not that one side of the debate doesn't have a working solution, it's that they base that solution on all the wrong reasons. People who use "capitalism" or "socialism" to base their policies on instead of plain common sense. (Nappy has quite the habit of this by the way, while I actually agree sometimes with him he always wraps it up in such racist or capitalist terms that I go against him even though I agree with his basic stance.)

I actually agree with this. There is no one right way but I don't want the government to encroach on my personal freedom.

Well yeah I don't want them to do that either. It is my right to do with my life and body what I want, not the governments.