You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

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

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
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.

Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC