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What socialism? The statistics seem to indicate that wealth has consolidated even more quickly during the recession with the top 1% than before.
This predates Obama as I've found out and was told above. I stand corrected.
And precisely. Government creates the conditions necessary to advance socialism (consolidating wealth at the top and then blaming it on the evil rich folks) via Keynesian economics that create artificial inflation that erodes the value of the dollar for those that are not millionaires. That is how socialism is practiced in real life. Everyone is equally miserable and poor except those at the top, the political elite who now hold all the wealth
and precisely. Government creates the conditions necessary to advance socialism (consolidating wealth at the top and then blaming it on the evil rich folks) via keynesian economics that create artificial inflation that erodes the value of the dollar for those that are not millionaires. That is how socialism is practiced in real life. Everyone is equally miserable and poor except those at the top, the political elite who now hold all the wealth
Socialism is taking from the rich and giving to the poor. And that clearly isn't happening. The poor are not living in kitsched up gold plated trailer parks.
Quote:
Originally Posted by tablemtn
What socialism? The statistics seem to indicate that wealth has consolidated even more quickly during the recession with the top 1% than before.
LoL, what a spin of story told on blogs. Never naming who it was, or where it was, or when it was, or it pretty well violates public university policies.
Especially all those people who posted links to the decade of the same story circulating around the Clogosphere.
It's like that 5th grader who supposedly debunked Keynesian economics, who was the figment of a blog writers mind.
I don't think I'll base my positions of fact on stories of fiction.
Interesting simple perspective on collectivism isn't it?
Interesting that there is no name of the college or of the professor, or even when.
Suggest you take a look at snopes.com, a website devoted to debunking urban legends. It appears that this story has been around about 15 years, along before Barack Obama was ever elected president.
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