Comments by "Emanon" (@Emanon...) on "The Majority Report w/ Sam Seder"
channel.
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Guys, it's seriously an exercise in semantics.
Look up the definition of socialism, especially democratic socialism:
"a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole."
The key word here being owned OR regulated by the community as a whole.
It's an umbrella term open for interpretation.
By that definition, yes, the Scandinavian countries, Netherlands and France are socialist countries.
Getting back to New Zealand "stagflation" economics in the 70's.
* Name me a single time in history where solely austere measures have had a positive impact on growth, employment and purchase power
* Name me a single instance of severe tax cuts bringing measurable equal growth in a market system
This is not a zero sum game, fellas. Unfortunately that's how it is presented to a lot of people who have no idea of underlying economic mechanisms and political theories. But it's easy to understand. Really.
If you're interested in this, check out lectures and books by Mark Blyth and Yanis Varoufakis.
Final thought:
When has economists as groups ever been right about anything? Exactly. It's not science based on evidence. It's religious dogma.
Thanks for a respectful tone guys :)
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