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Reply #79: lose consumers, go broke [View All]

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kineneb Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-06-07 11:54 PM
Response to Reply #75
79. lose consumers, go broke
The major problem I have found with the corporate/neo-liberal/libertarian types is the lack of thinking through the complete outcomes of their philosophies. Just like the current regime, they start out with a preconceived notion of the results of their actions. Reality, otherwise known as the Big Picture, has a nasty habit of smacking down those who think they have all the answers (it is called hubris).

Thus the very long-term outcome of the Austrian school's economic theory is total failure. When consumers have no money, they can no longer consume. The elite may be able to continue for a time on their saved wealth, but they will lack income. As their resources become depleted, the probability of the proles rising up and overthrowing them becomes larger. The collapse of the Roman empire did not occur in a year, but in centuries, sliding slowly into the "Dark Ages".

They should heed the ancient warning: Be careful what you ask for, you may receive it. Their economic model is by its nature unstable. They may succeed in the short run, but in the long run, they will lose. All their gated communities will not save them from the wrath of the dispossessed.

Neither total free-market capitalism nor actual communism are workable in the long term. A blend of the best of both systems is far more stable.

Ah, well, enough of my ramblings.

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