Liberals and One Party Rule

[donquixote99]

Originally Posted by Pio1980

It was a serious economic question, not a political one. Ask him.
Otherwise, how about selective sustainable prosperity then for a majority "middle class", with acceptance of an inevitability of nonparticipation for various reasons by a shifting minority?
I occasionally ask a far right Libertarian friend into economic theory these questions and he always comes up blank. Afaik, there isn't a sustainable model for general prosperity, model systems tend to rely on transitory factors that limit the lifespan of a given example when the cheap resources, cheap energy, cheap labor, runs out and the expanding base tops out.

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It is illusion that economics can be separated from politics.

[BlueStreak]

Originally Posted by BeamOn

I have a good friend who is an economist and I have posed this question to him. His answer is that the steel/automotive/highways etc. thrived from post WWII boom and this could not have been sustained. So when these industries started to slow down, the "factory" towns were caught unprepared. Eventually an overall economic decline, though within the US automotive industry, this was mostly self imposed by lethargy to innovation.

Precisely.

"We make the best damn cars in the world."

Well, no, they never really did. Their industry was protected by the federal government, which acted at the behest of the Big Three and the UAW. When that protection disappeared in the 1970s and '80, they were exposed to people who don't give a flying shit about unemployment in Detroit.

In other words "Free Market Trade" is not what "Built America". We were basically a Protectionist society, competing with no one but ourselves up until about 50 years ago...........

Right about the time everything started going down the tubes.

Dave

[BlueStreak]

Originally Posted by Pio1980

FWIW, I find it fascinating how the American religious Right reconciles Christianity with Ayn Rand's socio-economic ideals. Of course they really can't, but just hold my beer and watch this----.

They're dumbasses.

[Rajoo]

Originally Posted by Pio1980

Selective, not naive. I'm interested in the mechanics of the economic theories rather than the social side, tho they seem to inevitably conjoin.
I doubt your friend has the answer tho, or that anyone does.

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In one of our recent conversations what he said was "the only constant in this world is change". So you are right, no one knows and that's why all economic theories have been experimental and have mostly failed except for a select few 'people'. Also only a particular economic model can fit the prevailing political model, so they are interrelated.

[Pio1980]

Originally Posted by BeamOn

In one of our recent conversations what he said was "the only constant in this world is change". So you are right, no one knows and that's why all economic theories have been experimental and have mostly failed except for a select few 'people'. Also only a particular economic model can fit the prevailing political model, so they are interrelated.

Good post, I think we are on the same page.

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