Comments by "whyamimrpink78" (@whyamimrpink78) on "Fox News Goon Rips Bernie Sanders 'Failed Ideology'" video.
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Luke M It is true that socialist states fail, but there is a reason why people continue to support it.
Someone explained the economy as this, it is based off of a set of simple rules in a complex way, and that we are no more than ants in the market. We are intelligent but unaware. We are intelligent in that we know to look for the best bargain, look for the job that pays the most, and do what is best for us. We are unaware, though, how much everything is connected and how complex and fragile it is. A policy that looks great to benefit us can destroy the whole market. For example, the min. wage. Who doesn't want higher wages? And it does look good to give higher wages to those who are "poor". But now doing price control sets off a ripple effect hurting the entire economy and we are unaware of it.
That to me is why I feel people keep pushing for socialism, we are unaware. Not to say we are dumb, just unaware for several reasons.
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Prototype Atheist There is always demand because people demand better goods and services. But if they don't exist people can't buy them. A walkman using tape players was good enough, but Apple decided to create Ipods which people bought. People bought it because they demanded it, and it was created due to a company investing money to build it. In the end you can't consume what you don't produce.
Trickle down is a political term, not an economic term. If you want to see trickle down at work though people do have more wealth today than in the past. In the past the rich drove nice cars, had brick cell phones, enjoyed AC, etc. Now while the rich have it great today, people in the middle and lower class are better off today than the rich were in the past. Those in the middle class drive better cars, have cell phones, have AC, dishwashers, etc. The wealth trickled down.
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