Galbraith lays it on the line

[Maggie]

On a whim I thought I'd look this guy up...

Writing for the progressive "Mother Jones", Galbraith argues that modern America has fallen prey to a wealthy, government-controlling "predatory class":

"Today, the signature of modern American capitalism is neither benign competition, nor class struggle, nor an inclusive middle-class utopia. Instead, predation has become the dominant feature — a system wherein the rich have come to feast on decaying systems built for the middle class. The predatory class is not the whole of the wealthy; it may be opposed by many others of similar wealth. But it is the defining feature, the leading force. And its agents are in full control of the government under which we live."

Link

The man is not a fan of capitalism... go figure.

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You had to look up JKG. Ask any economist who he is. 8)

I know who he is and I especially remember his father – quite fondly actually.

James Galbraith, like his father John was, is a Keynesian. Of course, he would call for additional government spending – that is about as safe a bet as the sun rising. As an aside, at least I could respect the late John Galbraith – he was willing to engage people with alternative points of view, which is more than I can say about you.

As for economists, I tend to side with Milton Friedman.

[ISASO]

OK Marxist brainiacs, with only about 15% of Stimulus I spent, where will we get the money to fund Stimulus II?

Exactly where will the money come from?

Given the well-documented historical fact that the government cannot bend the cost curve of anything downward or do anything in a cost-efficient manner, exactly where will the money come from?

1. Debt?
2. Taxes?

Where are the answers to these questions?

[ISASO]

OK Marxist brainiacs, with only about 15% of Stimulus I spent, where will we get the money to fund Stimulus II?

Exactly where will the money come from?

Given the well-documented historical fact that the government cannot bend the cost curve of anything downward or do anything in a cost-efficient manner, exactly where will the money come from?

1. Debt?
2. Taxes?

Where are the answers to these questions?

It's been nearly a week now and still no answer to these questions. How difficult would it be for the proponent(s) of this action to simply make a choice from the answers above? It takes one peck on the keyboard, a '1' or a '2' and you're done.

[1979Shocker]

OK Marxist brainiacs, with only about 15% of Stimulus I spent, where will we get the money to fund Stimulus II?

Exactly where will the money come from?

Given the well-documented historical fact that the government cannot bend the cost curve of anything downward or do anything in a cost-efficient manner, exactly where will the money come from?

1. Debt?
2. Taxes?

Where are the answers to these questions?

It's been nearly a week now and still no answer to these questions. How difficult would it be for the proponent(s) of this action to simply make a choice from the answers above? It takes one peck on the keyboard, a '1' or a '2' and you're done.

This wasn't directed toward me, but the only way to come up with more money is to either cut spending or raise taxes. Or else have something happen like it did during the Clinton years where we had the ".com" boom which caused all the growth in the economy.

We need another ".com" boom, but that's not going to happen. I wonder what would happen if they released Internet2 to the public. Currently, Internet2 is only available to universities and government agencies for research.

http://www.internet2.edu

Here is WSU's Internet2.

WSU Internet2

[ISASO]

Great points. I suppose cutting spending or some economic revolution could be factors.

Internet2 - That's some Change Stalinists could Believe In. A new Ministry of Information-run Internet. The government could debit your bank account for every bit that passes through the Internet Meter at your house or on your mobile device.
Of course you can keep your current Internet service if you like it. (Until you change your plan or until the Internet Czar decides that the free-market Internet hasn't met some ridiculous benchmark), then you're automatically switched to Obama-Net at the low, low monthly price of $699.99 per month. Oh yea, and if you violate your three-hour-per-day usage window you will be put in jail.