Big Liberal Lie Exposed.

Originally posted by pear ↑

hi tigmeister

When "consumers do not get choices"? You mean like when capital progresses through it's natural tendency to concentration? and the loony right "libertarians" start jumping up and down about "real capitalism"?

Exactly tigmeister. They don't understand that if we let companies get too big and drive away real competition, then you have gone away from a capitalism system to a defecto socialism system. But instead of the state owning the means of production, a few cronies do. Banks, coles/woolworths, electricity, petrol. Do we see any real competition?

And I would like to mind another point. As our real incomes have been falling over the last 40 years because wages have not kept up with inflation, we should have expected a fall away in demand. But it has not happened? Why? Unfortunately our racist friends on these sites keep complaining about immigration. But instead of arguing on an economic basis they concentrate on race. The falling demand has been offset by our high level of immigration.
But I have been encouraged that the government has belatedly recognised that falling real wages are a problem.

And i would also remind Archimides$ that in economics we have another term called Pareto Optability (forgive the spelling)- which says that you cannot make some one better off without making some one worse off. So when pigs at throughs executives began to raise their wages to millions of dollars per year, how many people became worse off?

Pear

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Great post.

Not sure whether tigmeister has got up to Lenin's 1917 Imperialism essay and later writing on this, but it's interesting in this regard. Imperialist and monopoly capitalism are supposed to be the terminal stages of capitalism. But moderates fight against that, earning the enmity of both radical communists and radical capitalists.

Radical capitalists claim that driving out competition (ten years ago that would be Coles/Woolies in groceries, Fox in pay TV or Australia Post in parcel delivery) means they have won, have total control over consumers, and have the right to charge what they want. Like anyone now trapped in the Apple way of doing things, with Apple's outdated and wildly overpriced phones and tablets.

Communists want this to happen. When capitalism is at its most predatory, the hope is that workers will revolt. So radical capitalists and radical communists essentially bat for the same extreme team.

Years ago, with a million WWI veterans invading Washington in shanty towns, Franklin D. Roosevelt saved American capitalism with the New Deal. Communists hated that. Capitalists like Rockefeller hated that. Ordinary people getting a fair go wasn't part of their game plan.