US has had growth for almost 10 years straight. How long do you think it will continue?

US GDP is fake though, cause they aren't making money

I honestly don't know how to bridge that gap in understanding

Well the US runs a deficeit budget every year and has done so for 20_ years, have over 20 trillion dollars in debt

17 years, 21.7 trillion in the hole. GDP is an assessment of the total economic activity of the country.
National debt and spending does effect the economy, but the debt far less so than the spending.

You would have less debt if the usa wasnt fo capistalist

Insted of funding medicare welfaire ect thro tax

Make things more liberterian, privetise

What cant b privetised probebly should exsist

<:GWworkshopAkaShrug:398886014711496714>

There are things that cannot be privatised but are essential for societies, like parks, toilets, hospitals, etc. Thus capitalism works best when there is a lot of free market but the government also is a part of it, aka the public sector.

GG @Tranquilise, you just advanced to level 2!

Literally all those things can b privetsied tho

😂

There private toilets alredy where i live

And why cant private hospitals b a thing 🤔

They can be, but they aren't successful, private hospitals for instance still get huge amounts of public funding same goes for most schools. Publicising things makes them cheaper, certain things.

1. how do they make them cheaper ?
2. why arent they successful ?

Money, money, money, business business business

^^

Well because the concept of pure market based transaction is supply and demand. And, because the goods that hospitals provide aren't demanded by everyone, there is not enough money to maintain supply, so to do so they have to increase prices to accommodate, Whereas with public hospitals the supply is not dictated by the demand, but by the choice of where the government sees that there is a need for money that is not met by the economical principal of supply and demand.
They aren't successful because they limit customers who can afford it.

Seeing far more ideology than pragmatism here.

Nice counter argument.

Imo nationalisation is a good idea in a lot of sectors like health care and rail but it when you try to apply it to a sector that a free market would work in, that's when it goes wrong

I'm not so eager on that. Infrastructure sure, health care has issues.

@The Lemon Do you mean nationalization, by the definition? Or did you misspeak?

I mean taking an industry into government control and having it controlled by the state

Like the NHS in the UK

@The Lemon sounds like communism

^^

the free market rules supreme

Not in trains

For example

If I want to get from London to reading on the british "free market" rail system

How many options of train company do I have

The answer is one, I can only go on south western trains

Which are notorious for ridiculously high ticket prices and Rampant delays all the time

But there's no possibility for a competitor to come in and take their place because there's only one train track and they own all of the trains on it

So unless someone was to come and build new train tracks all around the UK (which would be impossibly expensive) SWT are always going to have a monopoly on the trains in that part of the country

So even if you do have a "free market" there's going to be a natural monopoly

Therefore in this scenario its better to have a state owned monopoly where the people controlling it have to answer to the voting population rather than a company which owns the monopoly which cant be ousted by the people and is only trying to make profit

@TheNobody @Adolf-senpai

Obviously this only works in specific scenarios

Aka why I didn't say it works all the time

It dosen't

And that's why communism fails

Because communism tries to apply that everywhere

But in sectors like water rail and healthcare nationalization can work better

Nationalization works in some areas, a free market works better in others

No. Governments can limit Monopolies, and that's just fine.
A private Monopoly, can be held accountable for their actions, an entire government can not be so easily.

a Monopoly exsists beacuse its good

when its bad ppl dont use it

and it starts to fail

You can't hold a private monopoly accountable in that situation

Unless you boycott the trains

why not

But in that case millions of commuters can't get around

if the Monopoly is bad ppl will go to other places

Or sue them

Who?

Also what grounds do you have to sue them

Said Monopoly

It's not like they intentionally set up a monopoly

most Monopoly are created beacuse of govement

Its the nature of the rail industry

gov regulations

that limit busnies

Gov regulations can't stop a monopoly in that sector

As I said

Monopoly give the gov a lot of money to stop other busnesis from taking over

exsample - car dealerships

and air ports

YEah

all goverment made Monopoly

in capitalisem that cant exsist

Those are examples where a free market works

cus the gov wont have the power

And nationalization

to opress busniese

But I'm talking about rail

Did you even read what I said

na i was busy making <#508204267631411200>

go check it out

😉

I said nationalization only works in specific scenarios like heathcare and rail

You guys have way too much belief in the free market. Might want to give US history from 1870 to 1910 a look.

Wait @TheNobody You think that a monopoly exists becasue it is good? That's almost never the case, monopolies only exist when businesses drive out competitors, monopolies are always bad. Take Singapore for instance, they have the most free market economy and every field has heaps of competition, competition drives down prices, monopolies allow the supplier to price set, especially if they provide an essential good or service. This happened with Martin Shkreli and the aids medication.

Simply put, the free market has failures, 4 from when I did economics (income inequality: relative and absolute, positive and negative externalities, public goods and common resources and market power.), and it's a governments role to redistribute resources to fix the 4 failures.

Yeah, he takes free market principles to the point where it turns against itself. Monopolies are awful

Like bell

the answer is

If they monopolize pot we're even more fucked than we were. 😂

If they legalise weed the price will go down

Free market supreme 💪 😤

Also, the government makes a shit load off the new taxes

Bad taxes are bad? <:thonkeyes:470272505328959488>

It won't be a free market, it will be a regulated market.

yes tax is bad but in this case its a win win

But you don’t wanna just legalise weed, you’d want it to be like cigarettes and set a age limit (big chance you guys think this as well, I’m just making sure.)

Hell, I get vape pens shipped from Colorado

What the heck headline is that

They just cancelled all welfare? Does not compute

is this some sort of faithful attempt to lower divorce rates?

Pretty sure that's not real, looked for the article this morning

*pretty sure its a meme* <:Kappapeek:438728979495518208>

@Tyberius D alot of ur debt comes from wars

although, not only

and alot thanks to bad policy makers

That's valid, but if you factor in just net benefits 90% of folks are provides.

not sure I understand what you mean.... 90% are net providers?

If we are counting direct benefits yes. If you start factoring in roads, education, ect everyone is a net taker.

its just that ur goverment is shit

what did you guys think would happen if you would end up taking loads of loans?

that they would disappear?

The boomers know they can retire and pass the bill to X and Y because if we take away SS we would have to shoot everyone over 60.

SS?

schutzstaffel?

<:Schutzstaffel:405469391317368834>

No, Social Security

then... why elect boomers?

I personally have never voted for one. The country does because boomers are the largest ACTIVE voter Bloc since 1980.

it just proves ´muricans are stupid <:AhaSmart:485830373478105108>

Putting my vote in for selfish over stupid, but it's not far off.

Good or bad

Necessary or not

Tax is theft

So who’s going to fix your street lights and potholes

If all tax is theft

🤦

I didnt say its not needed did i ?

I said its theft

Beung needed dosnt change the fact its taken by force

Also u can have it all done privetly

People get tohether like a home owners asosiation

And naintain their small area privetly

Maintain*

Exsactly the same as fixing your lights in doors

Yea but at a city wide scale

You need a governing body to do it

Guess what that’s called

The government

lol

Big home owners asosiation

...

Haha

Eventually it becomes a government

No

It always does and always will

I agree they are simolar

But 1 big diff

The gov takes money by force

How else are they going to take it

With a volunteer submission?

Like people don’t want to pay tax

If you dont pay = you dont get anything

Lol

I c

So you imagine it’s more a I pay so I get services

Jthe gov shouldnt found so much shit it needs 50% of my income

Like an opt in scheme

No

I doubt the government would approve

What i just said

Ofc they wouldnt

They lose control

Yup

Its just what i bealive in

Ah ok got you

So perfect world and all that

Mhm

I bealive all tax is theft

But sum is needed

Aybe 10%

Enough for an army

Courts

Maybe roads

Maybe 1 more thing i missed out

The rest can b private

Ah some like basic and you can opt in for extras

Sounds pretty sweet idea

^^

Most people like free shit though

I hear people complain about things like regulations on food

I live in isreal

Benefits and what not

Here we have privetly funded food regulation

And it works

Nice

Hmmm

So you get taxed 50%?

We all do

Damn that’s a bit high

Dont forget sales tax

I thought that Denmark and Norway

Beat everyone on taxation

We have more than just income tax

@TheNobody double dipping

No i meant in the usa

U got income tax

Sales

+ the rest

Governments are greedy

Its about 50%

I had this misconception that tax was really low in the US

Turns out that’s plain wrong

Im not 100%

Depends on the state

I know texsas has low tax

But others will have higher

So u look it up i gtg

Yea Texas is good

Cool

Ciao

@beyond_gravity u murican?

Naw UK

great

another brit

You Brit?

***NO***

***I DONT DO SUCH HERESY***

We aren’t so bad

Some of us aren’t cucked

yeah...

I have a very different view of brits

https://www.youtube.com/watch?v=2SbTd3-16Rc

Heh yea I can see why

I am what they call... uhh...

***ESTONIAN***

<:eesti:457348035429662750>

Heh

Those brits don’t represent us all

😆

Estonia is based

Most Eastern Europe know what’s up

*ahem..*

*you see..*

*theres a little problem with what you just said*

*namely...*

~~*we*~~

***WE. ARE. NOT. EASTER. EUROPEAN.***

<a:REEE:406837780082065408>

Lol

***WE. ARE. NORTHERN. EUROPEAN.***

<a:REEE:406837780082065408>

otherwise, its a cool place