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Treasured Social Butterfly
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Re: The Rise of Authoritarian Capitalism

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Message 21 of 28

Another example of how control not money creates problem is the minimum wage. Now, we could talk about the inflationary effect and how much the bottom of the rung actually benefits.

But, more important is the point that the value of an employee is based on his/her contribution to the profits of the company - not government regulation.

 

Let the employer determine the value of the employee.

 

 

 

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Valued Social Butterfly
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Re: The Rise of Authoritarian Capitalism

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Message 22 of 28

The author makes excellent points and accurately describes what is happening to democratic capitalism. However, he does leave the door open to the shallow thinking of simply blaming the "GOPerLord Toadies" and the like. Yes, there are authoritarian people - on both sides. People like to think threat on the right it's all about money. However, consider the "coming into office" vs the "going out of office" finances of Clinton and Obama (among others).

 

There are faults on both sides. As the author pointed out the Bush financial collapse was a result of lack of control of the banking institutions. What he omitted however was the overregulation of the housing market giving house to those who cold not realistically afford them leading to the bubble which eventual collapsed.

 

Another example of how control not money creates problem is the minimum wage. Now, we could talk about the inflationary effect and how much the bottom of the rung actually benefits. But, more important is the point that the value of an employee is based on his/her contribution to the profits of the company - not government regulation. In changing that, a basic concept that makes the free market function well is artificially effected.

 

Not that the author's insight into what is happening is in error. But, the deeper reasons need looking into. When anyone pushes wealth redistribution or pay based on need, that person's thinking is a danger to democratic capitalism.

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Re: The Rise of Authoritarian Capitalism

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Message 23 of 28

I remember one year "raising the minimum wage" was placed on the ballot in Florida. The voters passed it with over well over 70% of the vote. Which shows that Democrats, Republicans and Independents must have supported it. Even some of my Pro-Trump Republican family members voted for it.

The Florida Legislation had voted against raising the minimum wage above the federal level several times prior to it being placed on the ballot. But someone had gathered enough signatures to have it placed on the ballot that year.


In 2014 minimum wage referendums were on the ballot in Arkansas, Nebraska, Alaska and South Dakota - Red states. All four states passed the minimum wage increase with South Dakota and Alaska also pegging it to inflation.


Issues like raising the minimum wage is widely popular with voters from both parties and independents. I still think the easiest way to win elections is to fight for issues that are popular in both parties - Social Security, Medicare, and as we have seen lately a growing popularity for Medicare for All (52% Republicans now support it according to a recent poll).


The problem is: Issues that are popular with a majority are often in conflict with the large campaign contributors. There lies the problem.


Democrats focus much of their time on partisan issues - immigration, gender, LGBT, abortion and avoid taking on powerhouses like Amazon. 


https://www.huffingtonpost.com/2014/11/04/minimum-wage-raise-passes_n_6095458.html

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Valued Social Butterfly
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Re: The Rise of Authoritarian Capitalism

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Message 24 of 28

For the Democrat Party to win votes, they must come up with a message that voters want to hear. Some suggestions would be ideas that would give Americans more opportunity for success like job incentives, lower taxes, less regulations/laws, streamline government, etc. Things that won't work and will ultimately turn voters away are protests, getting in peoples faces in public places, burning vehicles that have stickers with Trump's name on it.

 

I guess the Democrats need a new theme instead of hate, protest, violence, lawlessness, and poverty.

 

You have a choice: - change or lose!

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Re: The Rise of Authoritarian Capitalism

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Message 25 of 28

@gruffstuff wrote:

The solution is to sweep the GOPerLords' toadies from office -

VOTE OUT THE NRAGOP IN NOVEMBER.

It might be the last chance for Democracy - the system cannot save itself.

 

I have said no Republican anywhere for any office, what I mean when I say that is the people have to take control of the State  and local legislative bodies.

 

As you say, the Supreme Court has been stacked against the people, by hook or crook, by any means necessary.

 

What we can do now, short of open revolt, is protest, organize, and contest every seat in every election.

 

Elections are stacked against the people though ID laws, the closing of polling places, the reduction of days to vote, by the purging of voter rolls, by the tossing out of absentee ballots. 

 

Democracy is under attack by Republicans, it's up to the people to save it.


Well and simply said. I agree. I hope for some changes in the Democratic Party, but I still hope for a blue wave on November 6th. I will always think that we need mandatory voting in America, for sure it would get people to the polls.


"The only thing man learns from history is man learns nothing from history"
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Re: The Rise of Authoritarian Capitalism

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Message 26 of 28

The solution is to sweep the GOPerLords' toadies from office -

VOTE OUT THE NRAGOP IN NOVEMBER.

It might be the last chance for Democracy - the system cannot save itself.

 

I have said no Republican anywhere for any office, what I mean when I say that is the people have to take control of the State  and local legislative bodies.

 

As you say, the Supreme Court has been stacked against the people, by hook or crook, by any means necessary.

 

What we can do now, short of open revolt, is protest, organize, and contest every seat in every election.

 

Elections are stacked against the people though ID laws, the closing of polling places, the reduction of days to vote, by the purging of voter rolls, by the tossing out of absentee ballots. 

 

Democracy is under attack by Republicans, it's up to the people to save it.

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Re: The Rise of Authoritarian Capitalism

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Message 27 of 28

Very well said, but with Kavanaugh on SCOTUS, the dismantling of Gerrymanders and achieving actual campaign finance reform is impossible for the next 30 years.

 

Without those two essential changes, Democracy is doomed and the neoRepublicans will succeed in replacing it with their version of a feudal society dominated by the Corporate Oligarchs.

 

The moronic base of the GOP will not even notice it happened because Fox will tell them it didn't and they will believe, just like they believe the Lying Orange Toad today.

 

The "problem" of finding jobs for all those additional people GOPers insist be born will be the existing jobs AND PAYCHECKS be subdivided to provide too little for the too many. There is no chance any additional funds will be made available by the ones who divide the profits - why should they?

 

Thanks again Hillary Haters.

 

The solution is to sweep the GOPerLords' toadies from office -

VOTE OUT THE NRAGOP IN NOVEMBER.

It might be the last chance for Democracy - the system cannot save itself.

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The Rise of Authoritarian Capitalism

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Message 28 of 28

https://www.nytimes.com/2018/09/16/opinion/politics/kevin-rudd-authoritarian-capitalism.html

 

The Rise of Authoritarian Capitalism

 

Kevin Rudd is a former prime minister of Australia and is president of the Asia Society Policy Institute in New York.

 

 

 

Liberal democracy and capitalism have been the two commanding political and economic ideas of Western history since the 19th century. Now, however, the fate of these once-galvanizing global principles is increasingly uncertain.

 

Democratic capitalism is showing signs of deep, systemic sickness in the United States, Europe and Australasia, even as varieties of state or authoritarian capitalism are slowly becoming entrenched around the world, particularly in China and Russia.

 

In the developing world, democratic capitalism has always had a mixed reputation. While the West preached its freedoms at home, it happily engaged in political and economic exploitation abroad. The hypocrisy of colonialism is still lost on many in the West, who ask why so many people in the developing world have found the truths of Western political and economic freedom to be less than self-evident in their own national experience.

 

Nevertheless, there is something elementally powerful about the underlying idea of individual dignity and freedom. Despite the baggage of colonialism, democratic capitalism succeeded remarkably in Asia, Africa and Latin America after World War II, and after the Cold War in particular. The democracy watchdog group Freedom House reports that as of 2017, 88 of 195 states were classified as “free,” compared with 65 of 165 in 1990.

 

After the end of the Cold War, however, four structural challenges emerged to endanger the future of democratic capitalism: financial instability, technological disruption, widening social and economic inequality and structural weaknesses in democratic politics. If the West cannot overcome these challenges, they will, over time, spread to the rest of the world and undermine open polities, economies and societies.

 

The 2008 financial crisis, one sign of a systemic sickness, occurred because of poorly regulated financial elites. The costs to governments and peoples were bailouts, lost jobs and more public debt. Governments had to scramble to save capitalism from itself as financial markets failed to self-correct. As a result, the markets privatized their profits and socialized their losses. Only one top bank executive went to jail. The taxpayer, by and large, paid the bill. And democratically elected governments were routinely tossed out because they had either failed to prevent the crisis, or were unable to manage the resulting public debt — or both. Another crisis could push the system to its breaking point. Yet a weakened Dodd-Frank Act in the United States now makes a repeat of the 2008 crisis more likely. All at a time when governments have even less room to respond.

 

Revolutions in technology threaten democracies’ ability to cope with the complexity, speed and trajectory of change. Democracies, like corporations, can now be hacked. Social media distorts the free flow of facts that has been the lifeblood of democratic capitalism. In the past, disruptions to employment brought about by rapid technological change resulted in a movement of lower-skilled jobs to newer industries. But now we may no longer be capable of providing enough new jobs in areas where they are needed.

 

The financial and technological challenges are compounded by a rising economic inequality. The extreme concentration of wealth in the United States in recent decades is well documented. The new barons of capital and technology thrive while the American middle class stagnates and the American dream fades. The bottom line is simple: Citizens will continue to support their democratic capitalist systems so long as there is reasonable equality of opportunity and a humane social safety net. Take these away and the citizenry no longer has a material stake in mainstream democratic politics. Nationalism and xenophobia take over.

 

Lastly, there are the inherent structural failings in modern democratic politics. In the United States, unrestricted campaign financing continues to undermine democracy. The spectacular corruption of the electoral redistricting system — gerrymandering — only compounds the problem. On top of this, the polarization of traditional news media by Fox News and others is poisoning the capacity of the democratic system to build a sustainable consensus around what is left of the political center, as shown by the debacle of the American gun-control debate.

 

As Western democracies look increasingly sick, other systems of governance are now on offer. Russian nationalism represents a departure from Western political, economic and diplomatic norms. China has become increasingly confident in its own model, described as authoritarian or state capitalism. And its “Beijing consensus” is held up to the non-Western world as an example of a more effective form of national, and even international, governance.

 

If the United States wants to remain a global beacon of democratic capitalism, it must first confront its domestic challenges. The American social contract needs to be rebuilt through a revised New Deal. The social impact of technological change must be politically managed, rather than left to the market. Finance should return to its historical role as the servant of the real economy, rather than its master. And the Supreme Court must set a new direction on campaign finance (by overturning the Citizens United decision), gerrymandering and some of the crazier interpretations of the Second Amendment used to justify a breakdown in basic law and order.

 

The United States also needs to re-embrace its responsibilities to the liberal international order it painstakingly created after World War II. This order was anchored in the United Nations Charter, the Universal Declaration of Human Rights, the General Agreement on Tariffs and Trade, the International Monetary Fund and other institutions and principles that have become the bedrock of free societies, free economies and free polities. The world now asks: Does the United States still embrace this order?

 

Both democracy and capitalism are relatively recent developments in the long history of the West. They represent even more recent developments in the considerably longer history of the East. Both represent the enduring idea of freedom. Yet both rest on increasingly fragile political and economic institutions. History cautions us against any belief that democratic capitalism will somehow inevitably prevail. Unless, of course, we make it so by tending the garden while there is still time.

 

Comments :

 

Democracy is under attack, it always has been, there is no benefit for the elites to sharing power with the peons.

 

Rights, freedom, equality have always required struggle, protest, perhaps even war.  ( see the Revolutionary war or the Civil War ) 

 

The struggle continues, and in this struggle we must choose democracy, equality, and freedom,  if democracy, equality, and freedom are to survive.

 

 

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