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In the Chavez mold of guy who nationalised the multinationals and sent the nation broke?

he he... well. yes. I think the parallels between Chavez and Mossadegh are too many for comfort. But there are differences. Back then socialist reform for poor countries was all the rage and we didn't know just how disastrous it was. When Chavez came to power we all knew what would happen. There were plenty of examples in history. When Mossadegh came to power we didn't. The first time socialism was given free reign in democratic countries was in the 50'ies. We'd had socialism in non-free countries before, but they habitually lied and distorted data. So we didn't really know just how catastrophic USSR was back then.

India is a parallel example. Very similar to Iran in many ways. Also a poor and democratic country that adopted socialism in the 50'ies. But when it didn't work any longer they stopped. In the 70'ies. And now they're not as socialist any longer. I'm sure Iran would have gone the same route if they'd kept their democracy going. And I see no reason to suspect they wouldn't have been able to.

And I'm sure Venezuela will dump socialism eventually... or very soon. That's what it looks like now. That's the nice thing about democracy. It has an inbuilt feature to stop stupid reforms.

The American hatred of socialism in the 50'ies was not based on anything rational. It was argument from emotion, purely.
 
Socialism has been proven not to work anywhere. But every now and then a new messiah comes along to have another go and again fails miserably.

I don't agree. I think it's free market capitalism that has been proven not to work anywhere. People tend to forget just how shitty things were in the 19'th century, the age before socialism. All labour protection laws are all socialist laws. Before them dockyards and train stations were among the most dangerous places to be. Since they would explode now and again. In the 20'th century we learned that free market capitalism is great for lots of things. But it does need plenty of regulation, and checks and balances. Today socialism reigns supreme. By the standards of what we considered socialism in the 19'th century all countries today are mostly socialist. Marx conquered the world. But today we just call socialism other things. A lot of what used to be socialism capitalism has appropriated.

But I do agree there's a degree of socialism that is healthy and a degree that is unhealthy. Just like with most things, Including capitalism.
 
Legitimacy is about where power comes from.

An elected representative gets power from the people, from the electorate.

A dictator doesn't get any power from the people. They just take it.

Wielding power over people that is taken and not given is illegitimate. Nobody has that right.

I think you've just misunderstood the word. I think what you're trying to say is that "in your opinion only an elected representative truly can represent the people".

It's still only your opinion. It's also my opinion. But I understand and accept that it's only an opinion

That's like saying it is only my opinion that rape is a crime.

Dictating over people is just as much a crime against their inherent rights.

The distinction between democracy and dictatorship is the same distinction between consensual sex and rape.

The idea of "consent of the governed" is not meaningless.
 
I think you've just misunderstood the word. I think what you're trying to say is that "in your opinion only an elected representative truly can represent the people".

It's still only your opinion. It's also my opinion. But I understand and accept that it's only an opinion

That's like saying it is only my opinion that rape is a crime.

Crime is an analogous concept. What is considered criminal or illegitimate behaviour is entirely down to opinion.

Dictating over people is just as much a crime against their inherent rights.

There's no such thing as universal inherent rights. It's your opinion that people have inherent rights. Still just your opinion.

The reason I'm on your case about this is because I think you are moving around the goal posts in order to win arguments instead of debating the actual issue. Why do you think a dictators decree is illegitimate? That is an interesting discussion. But just stating that it's inherently illegitimate doesn't fly I'm afraid. The world is full of dictatorships. Their decrees seems to be treated as legitimate all the time. So obviously you are sometimes wrong. I agree that the decisions by dictators should be illegitimate. They just aren't.
 
Well now. In the 1970's Barrons Magazine, not a socialist publication as you may know, had a long article showing that in manufacturing and mining overseas investment, the costs of start up including the construction of necessary infrastructure , bribery, etc were covered in some 3 to 4 years. After that the profits were just that, pure profit. Western companies with their knowhow and US dollars for the necessary bribes of ignorant but greedy and locally powerful men took every advantage they could all over the poverty-ridden parts of the world. It was stealing on a monumental scale, combined with a scarecely hidden contempt for those who were being so easily robbed.
It created an explosive mixture in various parts of the world, so numerous and varied that the CIA could not prevent things getting out of hand in various places, even with using the camouflage of struggling against the powers of darkness ie Communism. We are the inheritors of the results of past policies of investment always involving paying far,far below value for the goods received, policies that were "normal business methods", amounting in fact to robbery of the powerless, ignorant, primitive (aka underdeveloped) countries.

Back then I would expect manufacturing to be cheap--third world manufacturing at that time was high labor, low skill, low equipment jobs. Of course they recouped the investment fairly quickly.

Lumping basically zero-risk manufacturing with fairly high risk mining/drilling isn't going to give good data.

Furthermore, you're missing that there usually was competition for the rights and thus the company would have to pay market price. That might have been in the form of bribes to the dictators rather than payments to the government but it would still have to be paid.

What has happened with oil is that the price shot up and what had been a reasonable deal when it was signed was no longer so reasonable.

Competition? Among cartels? Like the numerous banks right now, at any rate Canadian banks, fhat make fantastic profits and all charge more or less the same usurious rates?
And like all capitalists you think "a good deal" is only good if it approaches highway robbery in profits, like the banks, and when the bubble capitalism bursts, as it always does, the "government", that is the taxpayers you've been robbing, has to bail you out?
 
Socialism has been proven not to work anywhere. But every now and then a new messiah comes along to have another go and again fails miserably.

I don't agree. I think it's free market capitalism that has been proven not to work anywhere. People tend to forget just how shitty things were in the 19'th century, the age before socialism. All labour protection laws are all socialist laws. Before them dockyards and train stations were among the most dangerous places to be. Since they would explode now and again. In the 20'th century we learned that free market capitalism is great for lots of things. But it does need plenty of regulation, and checks and balances. Today socialism reigns supreme. By the standards of what we considered socialism in the 19'th century all countries today are mostly socialist. Marx conquered the world. But today we just call socialism other things. A lot of what used to be socialism capitalism has appropriated.

But I do agree there's a degree of socialism that is healthy and a degree that is unhealthy. Just like with most things, Including capitalism.
Like all things in life. Moderation is the rule.
 
Socialism has been proven not to work anywhere. But every now and then a new messiah comes along to have another go and again fails miserably.

I don't agree. I think it's free market capitalism that has been proven not to work anywhere. People tend to forget just how shitty things were in the 19'th century, the age before socialism. All labour protection laws are all socialist laws. Before them dockyards and train stations were among the most dangerous places to be. Since they would explode now and again. In the 20'th century we learned that free market capitalism is great for lots of things. But it does need plenty of regulation, and checks and balances. Today socialism reigns supreme. By the standards of what we considered socialism in the 19'th century all countries today are mostly socialist. Marx conquered the world. But today we just call socialism other things. A lot of what used to be socialism capitalism has appropriated.

But I do agree there's a degree of socialism that is healthy and a degree that is unhealthy. Just like with most things, Including capitalism.

We take our past for granted. Now we have mixed economies since we try to promote working persons rights and profitability. Heath and Safety Regulations came about initially through working persons campaigning against poor conditions. Today many undeveloped countries face problems with Health and Safety mainly because they are not enforced, even where legislation exists.
 
Socialism has been proven not to work anywhere. But every now and then a new messiah comes along to have another go and again fails miserably.

As Dr Z said, in moderation partial Socialism works well, as does partial Capitalism. The socialism of Mexican Pemex petroleum state monopoly has worked well for almost 80 years, which is better than any other part of that nation.
And small business works best all over the world when in private hands and running on capitalist principles.

But large scale capitalism, with fiat money to help it is simply a long-drawn-out, legal, Ponzi scheme. In the periodic collapses, the smart greedy money survives, the poor and the too-late-greedy get whacked, and so the rich get richer and the poor poorer.
 
Government seizure of private property should be at replacement cost.

It's impossible to calculate a fair price for something like this. So having this demand is simply a way to always condemn nationalisations. Whatever price is paid it'll always be too low. So nice try.

In this specific case Iran's contention was that BP had bribed and strong armed their way into this cut throat deal with Iran. Which I think is a pretty uncontroversial claim. If Iran didn't enter into this on a free market Mossadegh gathered Iran shouldn't feel bound by the contract. So he broke it and paid BP what he thought was a fair price. Iran was then a democracy and Mossadegh was a democratically elected leader. It was Mossadegh's job as representative of the Iranian executive branch to uphold the will of the Iranian people to the best of his ability. Which I think he did. I'm sorry if it hurt a couple of capitalists feelings.

It doesn't help your case that as leaders go Mossadegh's track record is among the better ones. Very little skeletons in that guy's closet. Politicians tend to be scumbags. Not this one. A guy with a heart of gold and impeccable ethics. Which cannot be said about the guy CIA replaced him with.

So armed robbery is fine if the people want it to happen??

And it doesn't matter if Mossadegh was slimy or not, that doesn't change whether his actions were wrongful.

What indication do we have that Iran was strong-armed into the agreement? Bribed, sure--that's how the third world works. The company that doesn't bribe gets nowhere. So long as there were other interested oil companies you can't say it wasn't a fair market rate.

- - - Updated - - -

In the Chavez mold of guy who nationalised the multinationals and sent the nation broke?

The nationalization was a symptom, not a cause.

- - - Updated - - -

And I'm sure Venezuela will dump socialism eventually... or very soon. That's what it looks like now. That's the nice thing about democracy. It has an inbuilt feature to stop stupid reforms.

You're assuming Venezuela is a democracy. Having elections isn't enough to make them a democracy.

The American hatred of socialism in the 50'ies was not based on anything rational. It was argument from emotion, purely.

Why do you assume that people couldn't have figured out it wasn't going to work?

- - - Updated - - -

Back then I would expect manufacturing to be cheap--third world manufacturing at that time was high labor, low skill, low equipment jobs. Of course they recouped the investment fairly quickly.

Lumping basically zero-risk manufacturing with fairly high risk mining/drilling isn't going to give good data.

Furthermore, you're missing that there usually was competition for the rights and thus the company would have to pay market price. That might have been in the form of bribes to the dictators rather than payments to the government but it would still have to be paid.

What has happened with oil is that the price shot up and what had been a reasonable deal when it was signed was no longer so reasonable.

Competition? Among cartels? Like the numerous banks right now, at any rate Canadian banks, fhat make fantastic profits and all charge more or less the same usurious rates?
And like all capitalists you think "a good deal" is only good if it approaches highway robbery in profits, like the banks, and when the bubble capitalism bursts, as it always does, the "government", that is the taxpayers you've been robbing, has to bail you out?

When you see everyone charging about the same price in a free market your first thought should be that that's what it actually costs rather than that they are engaging in usury.
 
Loren Pechtel said

When you see everyone charging about the same price in a free market your first thought should be that that's what it actually costs rather than that they are engaging in usury.

What free market? A market declared to be free by the banks and capitalist apologists like you?

Free to provide a desired level of profit to 6 banks?

http://www.cbc.ca/news/business/bank-profits-rise-1.3348661
 
It's impossible to calculate a fair price for something like this. So having this demand is simply a way to always condemn nationalisations. Whatever price is paid it'll always be too low. So nice try.

In this specific case Iran's contention was that BP had bribed and strong armed their way into this cut throat deal with Iran. Which I think is a pretty uncontroversial claim. If Iran didn't enter into this on a free market Mossadegh gathered Iran shouldn't feel bound by the contract. So he broke it and paid BP what he thought was a fair price. Iran was then a democracy and Mossadegh was a democratically elected leader. It was Mossadegh's job as representative of the Iranian executive branch to uphold the will of the Iranian people to the best of his ability. Which I think he did. I'm sorry if it hurt a couple of capitalists feelings.

It doesn't help your case that as leaders go Mossadegh's track record is among the better ones. Very little skeletons in that guy's closet. Politicians tend to be scumbags. Not this one. A guy with a heart of gold and impeccable ethics. Which cannot be said about the guy CIA replaced him with.

So armed robbery is fine if the people want it to happen??

And it doesn't matter if Mossadegh was slimy or not, that doesn't change whether his actions were wrongful.

What indication do we have that Iran was strong-armed into the agreement? Bribed, sure--that's how the third world works. The company that doesn't bribe gets nowhere. So long as there were other interested oil companies you can't say it wasn't a fair market rate.

- - - Updated - - -

In the Chavez mold of guy who nationalised the multinationals and sent the nation broke?

The nationalization was a symptom, not a cause.

- - - Updated - - -

And I'm sure Venezuela will dump socialism eventually... or very soon. That's what it looks like now. That's the nice thing about democracy. It has an inbuilt feature to stop stupid reforms.

You're assuming Venezuela is a democracy. Having elections isn't enough to make them a democracy.

The American hatred of socialism in the 50'ies was not based on anything rational. It was argument from emotion, purely.

Why do you assume that people couldn't have figured out it wasn't going to work?

- - - Updated - - -

Back then I would expect manufacturing to be cheap--third world manufacturing at that time was high labor, low skill, low equipment jobs. Of course they recouped the investment fairly quickly.

Lumping basically zero-risk manufacturing with fairly high risk mining/drilling isn't going to give good data.

Furthermore, you're missing that there usually was competition for the rights and thus the company would have to pay market price. That might have been in the form of bribes to the dictators rather than payments to the government but it would still have to be paid.

What has happened with oil is that the price shot up and what had been a reasonable deal when it was signed was no longer so reasonable.

Competition? Among cartels? Like the numerous banks right now, at any rate Canadian banks, fhat make fantastic profits and all charge more or less the same usurious rates?
And like all capitalists you think "a good deal" is only good if it approaches highway robbery in profits, like the banks, and when the bubble capitalism bursts, as it always does, the "government", that is the taxpayers you've been robbing, has to bail you out?

When you see everyone charging about the same price in a free market your first thought should be that that's what it actually costs rather than that they are engaging in usury.

Loren: As usual you come down against anybody who believes a nation has the right to limit natural resource exploitation within its boundaries. That is really what Mosaadegh's nationalization of Iran's oil was all about. He was serving the interest of his voting public. How you can poo poo what he did and remain silent about the murder of this public servant really clarifies your anti human position in the matter. In America when you murder a white person, you are called a criminal and sent to jail or perhaps even the little room with the syringes. It is clear you have no respect for anything or anybody who opposes the transnational oil industry anywhere and anytime in history. Can't you see that you are rapidly falling out of sync with both our technical and our social development? You imagine that society must be ruled by wealth and see the structure of wealth in a nation to be beyond question and permanent. As long as what you regard as your side is winning, you feel comfortable with that...never mind the extremes of violence that were required to make if so. You can forget the covert actions of hired saboteurs and people using our government to accomplish murder and the setting up of dictatorships. Your positions get washed out by history repeatedly and you never admit to the crookedness that brought the Shah to power...also Saddam....also the murderous regime in Saudi Arabia. You seem to have a poor and generally undeveloped understanding of what human rights are. You regularly exclude some humans from your idea of what society is.

I also share 4321lynx's view of your "free market" idea and your denial of the usury the big 5 banks have regularly engaged in. When a bank credit card charges interest 177 times as much as it pays its savers, there is no doubt that bank is not serving society anything but USURY.:rolleyes:
 
So according to your government, immigrants and their children were over twice as likely to commit crimes. (That's an average over all source countries. "The differences in crime participation from different countries of origin are very large. They vary between a minimum of 60 per thousand and a high of 200 per thousand." From the chart on page 52, the source countries of people more than three times as likely to commit crimes as Swedes are as follows: Algeria, Libya, Morocco, Tunisia, Chile, Iraq, Jordan, Palestine, Syria.)

You're reading the statistics wrong. Whatever group has the lowest status in society is over-represented in crime statistics. It's because they have relatively harder to get jobs. But immigration swells the overall economy. So the effect is that it lifts non-immigrants out of poverty at the expense of immigrants. So crime-rates of non-immigrants drop (if you have immigration).
So, conservation of criminality? Judging from the charts I linked for your major cities, the crime rates of non-immigrants aren't dropping fast enough to keep up with the rise of immigrant crime. It doesn't look like the poor Swedes your immigrants somehow made richer by displacing them out of their lowest-status status had been committing much crime.

There's just too many factors to prove cultural tendencies for certain crimes. We just don't know. Most studies show that the biggest factor is poverty. Which has nothing to do with culture at all.
[Consults the linked chart...]
Your immigrants from Vietnam and India are committing crimes at only a little above the rate of locals. In fact, they commit less crime per capita than immigrants from Denmark and Norway. Do you think Danish and Norwegian immigrants are poorer and have a harder time getting jobs in Sweden than Vietnamese and Indians?

There is no culture FOR poverty.
Why do you believe that? All over the world we find communities living side by side where one does a far better job than the other of keeping themselves out of poverty. Chinese fled from war and Mao to all over Southeast Asia, and typically wound up a lot richer than the locals after a few generations.

2. I think this immigration will pay for itself pretty quickly.
Why do you think that? How will it pay for itself when you have cops whose job it is to try to catch refugees getting jobs and stop them?

I've already linked to the study once and I know you've read it.
Are you still talking about the study of the Mariel Boatlift? As you pointed out yourself, the U.S. didn't stop Cuban refugees from getting jobs. How will this immigration pay for itself when you have cops whose job it is to try to catch refugees getting jobs and stop them?

Incidentally, there's a more recent study of the Mariel Boatlift available that didn't broadbrush its effects the way the original study did. True, the arrival of the Cuban refugees didn't suppress wages overall; but it had a brutal effect on the wages of the people they were most directly competing with for jobs: local high-school dropouts.

Yes, it is expensive for Sweden. But in the big picture it's not particularly expensive. And there is a war in Syria. To me it's just the right thing to do
Do you have an argument for why it's the right thing to do that isn't an ad hominem argument? What moral theory says it's the right thing to do? How did the Swedes incur this liability for the problems of the world? Does being lucky enough to be born to ancestors who didn't screw up their country create a debt to people who were unlucky enough to be born to ancestors who did?

Ehe? I live in Viking country. Vikings only went to heaven if they died in combat. Our highest virtue was revenge. Do you think Viking society was peaceful?

When we became Christian we engaged in almost constant wars making the country desperately poor. We only stopped with the wars (19'th century) because we were broke. Sweden became rich just in the very last generations. I have very little to be proud about when it comes to ancestors. Sweden is pretty nuovo riche
Hmm, that's funny, sounds like you used to have "a culture FOR poverty". I wasn't inviting you to feel proud of your ancestors. (Why people regard ancestors as something to take pride in is beyond me, even when their ancestors were awesome.) I was inviting you to explain whatever moral theory it is that implies subjecting your own citizens to the negative externalities of bringing into your country hundreds of thousands of refugees, some half of whom are de facto Nazis, is the right thing to do. I don't see how being lucky enough to have 19th-century ancestors who didn't screw up their country puts your citizens on the hook for the obligation to underwrite the human damage of the war in Syria -- not even if you had 9th-through-18th century ancestors who did screw up their country and your 19th-century ancestors had to start by unscrewing-up an already screwed-up country.

And while we're on the subject of your moral theory...

Only a socialist would say that theft is not theft.

ha ha libertarians and their natural rights. Ownership is a made up concept that isn't self evident. Any ownership at all is pulled out of someone's ass.

Nationalization always involves paying far below the true value of what's taken. Even if they pay market value of what they actually seize that doesn't count the other costs. (For example, the cost of dry holes that were drilled.)

If the state decided private ownership of something is wrong then any price is a bargain for the prior owners. So I'm not sure what your argument is? Again... I reject natural rights. ... A market where some players have more money than others is inherently unfair.
:consternation2:
Can you explain how the moral universe you live in -- a universe where natural rights don't exist, ownership is a made up concept, and you'll call the Chinese government bulldozing a family out of their home and paying them 5 cents on the dollar "a bargain" for no better reason than that the Communist Party says it is -- is able to contain anything whatsoever that's "inherently unfair"?!? What on earth do you perceive the semantic difference to be between saying "The Wu's have a natural right to be compensated dollar-for-dollar for the destruction of their house." and saying "The government destroying their house and paying them only enough for them to buy a twentieth of a replacement house is inherently unfair."? Is the correct meta-ethical theory nihilism when others make moral claims, but moral realism when you make moral claims?
 
That's like saying it is only my opinion that rape is a crime.

Crime is an analogous concept. What is considered criminal or illegitimate behaviour is entirely down to opinion.

Utter nonsense.

Rape is a crime because harm is done, and that harm is not an opinion.

Dictating over people is just as much a crime against their inherent rights.

There's no such thing as universal inherent rights. It's your opinion that people have inherent rights. Still just your opinion.

Fine, there are no inherent rights. Morality is nothing but opinion.

That of course is nothing but your opinion.

But to even discuss morality certain things must be accepted, like humans have rights and they can be violated.

And dictators violate those rights with every decision they make since they have no moral right to be making them.
 
You're reading the statistics wrong. Whatever group has the lowest status in society is over-represented in crime statistics. It's because they have relatively harder to get jobs. But immigration swells the overall economy. So the effect is that it lifts non-immigrants out of poverty at the expense of immigrants. So crime-rates of non-immigrants drop (if you have immigration).
So, conservation of criminality? Judging from the charts I linked for your major cities, the crime rates of non-immigrants aren't dropping fast enough to keep up with the rise of immigrant crime. It doesn't look like the poor Swedes your immigrants somehow made richer by displacing them out of their lowest-status status had been committing much crime.

There's just too many factors to prove cultural tendencies for certain crimes. We just don't know. Most studies show that the biggest factor is poverty. Which has nothing to do with culture at all.
[Consults the linked chart...]
Your immigrants from Vietnam and India are committing crimes at only a little above the rate of locals. In fact, they commit less crime per capita than immigrants from Denmark and Norway. Do you think Danish and Norwegian immigrants are poorer and have a harder time getting jobs in Sweden than Vietnamese and Indians?

There is no culture FOR poverty.
Why do you believe that? All over the world we find communities living side by side where one does a far better job than the other of keeping themselves out of poverty. Chinese fled from war and Mao to all over Southeast Asia, and typically wound up a lot richer than the locals after a few generations.

2. I think this immigration will pay for itself pretty quickly.
Why do you think that? How will it pay for itself when you have cops whose job it is to try to catch refugees getting jobs and stop them?

I've already linked to the study once and I know you've read it.
Are you still talking about the study of the Mariel Boatlift? As you pointed out yourself, the U.S. didn't stop Cuban refugees from getting jobs. How will this immigration pay for itself when you have cops whose job it is to try to catch refugees getting jobs and stop them?

Incidentally, there's a more recent study of the Mariel Boatlift available that didn't broadbrush its effects the way the original study did. True, the arrival of the Cuban refugees didn't suppress wages overall; but it had a brutal effect on the wages of the people they were most directly competing with for jobs: local high-school dropouts.

Yes, it is expensive for Sweden. But in the big picture it's not particularly expensive. And there is a war in Syria. To me it's just the right thing to do
Do you have an argument for why it's the right thing to do that isn't an ad hominem argument? What moral theory says it's the right thing to do? How did the Swedes incur this liability for the problems of the world? Does being lucky enough to be born to ancestors who didn't screw up their country create a debt to people who were unlucky enough to be born to ancestors who did?

Ehe? I live in Viking country. Vikings only went to heaven if they died in combat. Our highest virtue was revenge. Do you think Viking society was peaceful?

When we became Christian we engaged in almost constant wars making the country desperately poor. We only stopped with the wars (19'th century) because we were broke. Sweden became rich just in the very last generations. I have very little to be proud about when it comes to ancestors. Sweden is pretty nuovo riche
Hmm, that's funny, sounds like you used to have "a culture FOR poverty". I wasn't inviting you to feel proud of your ancestors. (Why people regard ancestors as something to take pride in is beyond me, even when their ancestors were awesome.) I was inviting you to explain whatever moral theory it is that implies subjecting your own citizens to the negative externalities of bringing into your country hundreds of thousands of refugees, some half of whom are de facto Nazis, is the right thing to do. I don't see how being lucky enough to have 19th-century ancestors who didn't screw up their country puts your citizens on the hook for the obligation to underwrite the human damage of the war in Syria -- not even if you had 9th-through-18th century ancestors who did screw up their country and your 19th-century ancestors had to start by unscrewing-up an already screwed-up country.

And while we're on the subject of your moral theory...

Only a socialist would say that theft is not theft.

ha ha libertarians and their natural rights. Ownership is a made up concept that isn't self evident. Any ownership at all is pulled out of someone's ass.

Nationalization always involves paying far below the true value of what's taken. Even if they pay market value of what they actually seize that doesn't count the other costs. (For example, the cost of dry holes that were drilled.)

If the state decided private ownership of something is wrong then any price is a bargain for the prior owners. So I'm not sure what your argument is? Again... I reject natural rights. ... A market where some players have more money than others is inherently unfair.
:consternation2:
Can you explain how the moral universe you live in -- a universe where natural rights don't exist, ownership is a made up concept, and you'll call the Chinese government bulldozing a family out of their home and paying them 5 cents on the dollar "a bargain" for no better reason than that the Communist Party says it is -- is able to contain anything whatsoever that's "inherently unfair"?!? What on earth do you perceive the semantic difference to be between saying "The Wu's have a natural right to be compensated dollar-for-dollar for the destruction of their house." and saying "The government destroying their house and paying them only enough for them to buy a twentieth of a replacement house is inherently unfair."? Is the correct meta-ethical theory nihilism when others make moral claims, but moral realism when you make moral claims?

Where did you read that China was only paying 5 cents on the dollar? This would be interesting to see. China had been rehousing people due to the Three Gorges. New towns and villages were built to rehouse the people. Perhaps not all were rehoused.
 
Loren Pechtel said

When you see everyone charging about the same price in a free market your first thought should be that that's what it actually costs rather than that they are engaging in usury.

What free market? A market declared to be free by the banks and capitalist apologists like you?

Free to provide a desired level of profit to 6 banks?

http://www.cbc.ca/news/business/bank-profits-rise-1.3348661

Any article that is squawking about the dollar value of the profits made by big companies should be assumed deceptive. Profits should be reported as a percentage, not as a fixed value.
 
Loren: As usual you come down against anybody who believes a nation has the right to limit natural resource exploitation within its boundaries. That is really what Mosaadegh's nationalization of Iran's oil was all about. He was serving the interest of his voting public. How you can poo poo what he did and remain silent about the murder of this public servant really clarifies your anti human position in the matter. In America when you murder a white person, you are called a criminal and sent to jail or perhaps even the little room with the syringes. It is clear you have no respect for anything or anybody who opposes the transnational oil industry anywhere and anytime in history. Can't you see that you are rapidly falling out of sync with both our technical and our social development? You imagine that society must be ruled by wealth and see the structure of wealth in a nation to be beyond question and permanent. As long as what you regard as your side is winning, you feel comfortable with that...never mind the extremes of violence that were required to make if so. You can forget the covert actions of hired saboteurs and people using our government to accomplish murder and the setting up of dictatorships. Your positions get washed out by history repeatedly and you never admit to the crookedness that brought the Shah to power...also Saddam....also the murderous regime in Saudi Arabia. You seem to have a poor and generally undeveloped understanding of what human rights are. You regularly exclude some humans from your idea of what society is.

I also share 4321lynx's view of your "free market" idea and your denial of the usury the big 5 banks have regularly engaged in. When a bank credit card charges interest 177 times as much as it pays its savers, there is no doubt that bank is not serving society anything but USURY.:rolleyes:

I feel that agreements entered without coercion should be honored. You are perfectly willing to take everything you possibly can from the rich, however--and thus see no reason to honor an agreement.
 
Can you explain how the moral universe you live in -- a universe where natural rights don't exist, ownership is a made up concept, and you'll call the Chinese government bulldozing a family out of their home and paying them 5 cents on the dollar "a bargain" for no better reason than that the Communist Party says it is -- is able to contain anything whatsoever that's "inherently unfair"?!? What on earth do you perceive the semantic difference to be between saying "The Wu's have a natural right to be compensated dollar-for-dollar for the destruction of their house." and saying "The government destroying their house and paying them only enough for them to buy a twentieth of a replacement house is inherently unfair."? Is the correct meta-ethical theory nihilism when others make moral claims, but moral realism when you make moral claims?

Where did you read that China was only paying 5 cents on the dollar? This would be interesting to see. China had been rehousing people due to the Three Gorges. New towns and villages were built to rehouse the people. Perhaps not all were rehoused.

I don't know about the 5 cents on the dollar bit but the problem with nail houses is because developers don't offer replacement value and try to force the occupants out instead.
 
Loren Pechtel said



What free market? A market declared to be free by the banks and capitalist apologists like you?

Free to provide a desired level of profit to 6 banks?

http://www.cbc.ca/news/business/bank-profits-rise-1.3348661

Any article that is squawking about the dollar value of the profits made by big companies should be assumed deceptive. Profits should be reported as a percentage, not as a fixed value.
Checking the actual profit margins for those six banks is just some extra legwork. Briefly looked up the first two, and they were both over 25%. I think the question is still valid: what's the desired profit margin that big banks can skim off the top? 25 cents for every dollar sounds excessive (even if it is Canadian dollars).
 
It appears to some that the word profit means corruption. I hold that socialism and dictatorship means corruption.
Socialism and dictatorship doesn't mean corruption, they just makes it easier. But looking at "free market", if companies consistently make ridiculous profits, it shows there isn't enough competition and the markets are imperfect. This is the same fundamental reason why socialist and autocratic countries tend to be economic failures.
 
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