“An economics professor at Texas Tech said he had never failed a single student before but had, once, failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said ok, we will have an experiment in this class on socialism. All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A. After the first test the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. But, as the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too; so they studied little. The second test average was a D! No one was happy. When the 3rd test rolled around the average was an F. The scores never increased as bickering, blame, and name calling all resulted in hard feelings as no one would study any longer for the benefit of anyone else. All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because under capitalism when the reward is great, the effort to succeed is great; but when the government levels the playing field and takes more of reward away; no one will try or want to succeed as much as before. Could not be any simpler than that.” -evilteabagger

Every time the Evilteabagger opens his mouth, you can literally smell the you know what!

First of all, it’s tempting to just say that making the analogy of an economics class to that of the economy as a whole is just absurd and well… like comparing apples to the economy.

But let’s just go with his analogy for a minute. Because in a very unintentional way Mr. Evil shows us how his theories are like hot air balloons. They appear solid and massive, but as soon as the supply of hot air runs out, or if someone were to poke a hole in it, the balloon will shrink and fall to the ground.

Mr. “Professor” fails an entire class for trying to prove how Socialism might be a good idea. Instead of using logic and reason to prove them wrong, he demonstrates how the class is powerless over his authority. Basically by demonstrating how one corrupt person change the intent of a well meaning majority.

The professor employs a carrot and or stick incentive model. Which is ironic because he’s using the tools of capitalism to control the outcome of a socialistic experiment. Do well as a group and the whole class passes. Do poorly as a group and the whole class fails.

First- I would argue there there truly is no benefit or incentive. A person with the mental capacity to pass on his own wouldn’t even bother signing on to such a ridiculous experiment. If someone could document the actual class and who this professor is, I’d like to know. I doubt this is little more than a silly story spun up by a third grader to prove his point. Not to mention how unethical this experiment is. That is, if it’s true.

Second- It really only has punishment at it’s core. No one really argues that everyone should have the same as the next person. Just that things should be more fair. What if instead of grades that the clever professor/tyrant/capitalist had the power to distribute let’s say water on an island where there is none. This I would argue is much more of an incentive. And if the class as an average failed, than the whole class would not get any water. But if they all did their jobs correctly as a whole than no worries, everyone gets water. We can take this analogy further and say that the professor hires the biggest boys in the group, and pays them with water, to ensure that no one else  takes any water. And on top of that the professor singles out the prettiest girls to enjoy his company and his water just because he just likes them. Well this pretty much ensures that everyone else will do as they are told. What’s the alternative? A fight to the death? Perhaps, but I think most level headed people would do almost anything to avoid that kind of scenario. And I’m pretty sure that as a whole the test would be satisfactorily accomplished. Sure there would be some students who couldn’t keep up, that’s just nature, we are not all capable of the same things, but the consequences will ensure that the rest of the group will pick up the slack. This is a classic divide and conquer mechanism at the heart of capitalism.

Third- Of course socialism cannot survive in a capitalistic construct. That really isn’t what socialism is about. So let’s say that the class, without a leader to make up his own arbitrary rules, decided to divide the water equally without regard to some despotic leader’s notions of fairness, or regard for the stupid meaningless test itself. Than I would argue that fairness would rule the day. Unless of course someone decides to conspire to take control over the water and to have his bidding done in order for anyone else to get any water. Than he would be the new professor, same as the old professor. Which is exactly what capitalism is. It’s the authority of the powerful, dictating the rules of survival. Don’t like it? Tough luck, your fired, because he’s the boss. So instead of passing some stupid test, now you have to clean his house, polish his trophies or any other meaningless arbitrary task. And this leader would say something like: “Without me none of you would have any water, and none of you would have anything to do, so this is the best way to keep social order, otherwise we’d all be wasting time on the beach, or fighting over the water. FALSE! We would share. It’s in our nature to be kind. But when barred from doing the right thing, by threat of hired enforcers of the system, (cops, banks, tax collectors, schools, corporations) than yes we are all gonna scramble and do what we gotta do to just to get the water and survive. To be kind is in most of our natures. And it only takes one clever, greedy little tool/authority figure, to fuck it all up for the rest of us.

Thank you Mr EVIL, You are the best spokesperson for socialism I’ve ever met.

P.S. Socialism is at the heart of every religion and spiritual belief, and capitalism is Godless. Peace out!

Confessions Of An Economics Professor And Government Tool.

How to run a COINTELPRO operation on a Social Media Platform

evilteabagger:

There’s a lot here so we have to a lot to discuss. Here goes.

Your first question is just blatantly false. There are no known pure free markets in the world. Absolutely none. This is one of the first things talked about in Econ 101. If you took Econ 101 you would know that the only economic systems operating in the world today are known as mixed economies, all varying in freedom. Some are command economies like North Korea and others tend to be more laissez-faire (Note: Not 100% lassiez-faire as they do not exist) like America or cities like Hong Kong. As I’ve said time and time and time and time again, the more economically free, the more prosperous the country. This is applicable to higher wages, greater access to better healthcare, longer life expectancy, greater overall happiness, greater rights for women and other minorities, etc. etc. etc. For empirical data and evidence backing this up I suggest watching the following videos:

• Are Markets Empowering or Exploitative?
• Economic Freedom and a Better Life
• Libertarian Cosmopolitanism
• Inequality, Consumption and Happiness

Those last two are about an hour long each but they’re honestly my favorite videos in the world. Steve Horwitz is a genius and his seminars need to be seen by more people.

Nice try Mr. Evil
a. You said: “There are no known pure free markets in the world. Absolutely none.” Then you go on to defend free market ideas by posting some links to some videos. But in the the first minute of watching the first video there is a blatant lie, or to be fair, more like a half truth really. The “professor” professes that: “The more a country engages in free trade the greater the per-capita income is.” -But he fails to mention that only one persons income needs to go up for the average to go up. Typical confusing misinformation but whatever. I realize a lot of people can’t think critically about such things, but I’m pretty sure you understand the joke about economic “science”… that it is a joke. And if this is what They teach you in Economics 101 than I guess we’re all fucked.

b. If one uses the framework of the WTO as an understanding of what “free market” means and how the WTO, World Bank, IMF and all other crony Central Banks “encourage” free trade and free markets, than yes, virtually the whole world is operating under a free market system. Not literally of course, because as you said, nothing is free.

Next claim: 85% of the world is living in dire poverty. According to Wikipedia, 1.7 billion people are currently living in poverty. 1.7 billion divided by the world’s 6.7 billion people comes out to 24%. That’s a little shy of your 85% mark, but don’t worry there’s cause for rejoice! Of those people living in dire poverty, you’ll notice the most impoverished have the most intrusive government! Also known as the least economically free. Take the Democratic Republic of the Congo for instance with a poverty rate of an astronomically high 71.3%. According to the Index of Economic Freedom the Democratic Republic of the Congo is ranked 172 out of 179 on the economic freedom scale. Conversely, Morocco is only rated a 93 on economic freedom (Which is still bad) yet they only have 19% living in poverty.

c. What does economic freedom mean when there is no freedom or no economy. And you should know that all tyrants have Swiss bank accounts.

d. I think Wikipedia is using the per-capita formula, where one person can, by Their books singlehandedly raise the average wage. “Simple” math, yes. But misleading, deliberately of course. Here are some honest figures…

1. At least 80% of humanity lives on less than $10 a day.^{Source 1}

2. More than 80 percent of the world’s population lives in countries where income differentials are widening.^{Source 2}

3. The poorest 40 percent of the world’s population accounts for 5 percent of global income. The richest 20 percent accounts for three-quarters of world income.^{Source 3}

You can find out more for yourself HERE

That is only half the picture. In a video I linked to above they talk go into detail comparing the impoverished of one country and comparing it to the impoverished of another, more economically free country. They note that the bottom % quintiles posses similar amounts of wealth, but those in a more economically freer country still receive higher wages and better access to healthcare. The richest people in North Korea (excluding those within the political system/military) are worse off than the poorest people in America.

-This is such a lie I cannot even imagine where you got this “statistic.”

Another false claim. Poverty in America is at 14.3%

-More ENRON ACCOUNTING unemployment alone is at 10%

I hope this helped address your concerns with free markets Anon 1. On to Anon 2!

That’s an often repeated chant from those advocating for a more intrusive state, that deregulation is what caused the fiscal crisis. But this is just simply not the case at all. No one thing led to the market crash in late 2007. But of the factors the most pervasive were definitely the Community Reinvestment Act which forced lenders to lend to low income families or face civil lawsuits and the Federal Reserve keeping interest rates artificially low to encourage borrowing at unsustainable rates. When this bubble kept getting bigger and bigger with more people borrowing money that they could never pay back in a million years the system was doomed to collapse. The recession is the markets way of correcting the mistakes made during the boom. The government intrusion of the 90s and early 2000s is what led to the housing crash and the government’s continued intrusion after the bust is what has prolonged the economic downturn. The stimulus failed miserably, the bailouts cost taxpayers millions of dollars that could have otherwise been spent in the economy (not to mention it salvaged automobile companies that did not pass the market test of supplying what consumers demanded) as well as gave those awesome bank execs nice bonuses for the holiday season. These mistakes that Bush and Obama made in during this recession were also attempted and also failed during the Great Depression.

e. No one forced the banks to lend money to the poor. Banks made hefty fees on high interest loans to the poor, packaged those same toxic assets, got their crony ratings companies to rate them AAA, made more money selling CDOs, made more money by inventing and selling ethereal investment vehicles like Credit Default Swaps, traded those and made more money, then bet against them to make even more money. Didn’t they teach you that in Economics 101? And if your not  completely unaware, then you know that the money/profits didn’t disappear. It all went to somebody’s silk lined pocket and we filled those pockets again via the bailout. Now that’s what I call a double dip. I could go on but why bother. You are not here to educate but rather misinform and confuse.

Think of the business cycle as a night of drinking. You go out and drink with your friends and have a good time. This is the boom in progress, prosperity is high and life is good. Wages are up, inflation is more or less down, unemployment is down and all around everyone’s happy. Then the morning after comes; the bust. You can try to fend off the hangover with more drinking, in this case spending, on behalf of the government (which gets the money it spends from taxes) but you can’t keep drinking forever. Eventually you run out of alcohol and you only exacerbate the effects of the hangover. The market is self correcting, as long as you leave the government out of the equation. When the Fed steps in to drop interest rates to try and stimulate consumption it only devalues the dollar causing prices to rise which is detrimental to an already stunted economy. No, deregulation does not and did not cause the financial crisis. In fact, before government even got involved in recessions and depressions they only averaged about 18 months.

f. This is classic circular logic. The Fed initiated the Drinking Binge via cheap money (you like that). The Government steps Out of the way (you like that). Banks and Corporations get richer than ever (you like that). Shit hits the fan for average folks and you say you don’t like that. What did you expect? A group of people made trillions of dollars. You don’t like that?

You seem to think the Top US government Officials, the Federal Reserve and major Corporations act independently and have their own sets of agendas. But people make money when the market is going up as well as on the way down. This is Their real agenda. They wanted to bankrupt us!

The greater the rise of the market the greater the profit, and for those in the know, the greater the fall the greater the profit. They don’t tell that to pensioners, 401kers, mutualfunders, or average investors. They are discouraged from and heavily penalized for selling assets and securities, and do not have the leverage to offset losses. Not to mention that the average investor doesn’t know what’s going to happen to the markets. Like insiders with insider information. Information that all market makers are privy to. Why? Because they are the market.

I do not support caps on wealth because the government does not have the ethical or moral authority to arbitrarily decide when someone has enough money. If a company is satisfying the demands of consumers then it is atrocious to think that they must cease their work or to step in bar them from receiving compensation. Wealth only accumulates with the assistance of government regulations. Monopolies cannot exist without government decree or protectionist policies. While the rich do hold a higher percentage of income than ever before in history, that is only a snapshot of the entire picture. Steve Horwitz talks about it in these two videos (Are the Rich Getting Richer? and Consumption, Happiness and Inequality).

g. But the Government seems to have the right to make it easier for corporations to pilfer everything. After which they cry broke, and then get bailed out. (after making the money)

And you seem to think that economists are like Saints and their word is Gospel. The truth is they are like mouthpieces for the establishment. And where are the voices of knowledge and reason before the crashes. They are on the sidelines to be quoted when it suits you. I don’t see you quoting Bernanke or Greenspan or Geitner.

h. The bailout was an inside job. The money didn’t disappear, it went to the BANKSTERS. And guess what? They still make money and will make even more after the bailout and will make even more after they buy up all our assets for pennies on the dollar.

You are totally within your rights in believing that I am a part of some conspiracy that involves me divulging false information in the hopes of protecting the free market bastion that is Barack Obama. It’s wrong but you can keep believing it. Barack Obama is in no way shape or form a capitalist. From his stimulus, to his “investments” talk, to his Healthcare legislation, to his Wall Street reform, to his “at a certain point I do think you’ve made enough money”. Obama is a corporatist, which is what I’m sure you think capitalist means. Obama uses the power of the presidential office to benefit corporate interest just like every other elected official in this country. This is an important argument in favor of free markets as the total divorce of state and market will never allow corporate interest to affect legislation at the expense of the consumer.

-Corporatist, Capitalist, just pure semantics, devoid of meaning when you look at the facts. You can call Obama a Socialist and it wouldn’t make a difference as far as what his actions say.

This is a lot of information to receive so I’ll be patient in waiting for your response. If anyone thinks I missed anything please let me know! I love these questions and helping to spread the cause of economic liberty.

Here’s more reading and videos you can do to better understand the market cycle and government’s role in economic turmoil:

• Austrian Business Cycle: A Brief Introduction
• Parallels Between the Great Depression and Today
• Does Stimulus Spending Work?

One question. Did Economics 101 teach you anything about pyramid schemes?

arthurist:

I want to read conspiracy theories about the moon landing. But not a lot. This is from Bill Clinton’s book:

”Just a month before, Apollo 11 astronauts Buzz Aldrin and Neil Armstrong had left their colleague, Michael Collins, aboard spaceship Columbia and walked on the Moon, beating by five…

Whoever says Cops Are “HEROES” weren’t talking about these PIGS.

Meet the enforcers of the beast system.

A handicapped man is literally picked up from his motorized scooter/wheelchair and smashed into the ground. Cops leave him there for the duration of the video as he leaves a puddle of blood on the ground. How does it feel to look into the future; one video clip at a time?

You have to wonder what is in the minds of these officers, that they can justify such an abuse of power on a handicapped older man? It is truly frightening that these type of people have a badge, a gun and authority over us.

More disturbing is the fact that people just watch, they barely speak out against it for fear they will be next.

Welcome to your future.

“Osama Bin Laden Was Murdered” -Benazir Bhutto 2007- She Herself Was Assassinated That Same Year

setfree69

z3r0-lost-hour:

ILLUMINATI a myth ? Full improved updated Documentary

evilteabagger:

shessohiigh:

may 26 , Day of Independence in Georgia.

This is what police does in my country.

We are fucked.

Please reblog. 

It can’t happen in America! We have our liberties!

The idea that you’re “innocent until proven guilty” is already a joke, since the deck is stacked against criminal defendants and the government can lock you up before trial.

Now, though, it’s even worse, if you’re a doctor or other healthcare professional in Illinois.

Under a new measure just passed by the state legislature, health workers who are charged with a sex crime, criminal battery against a patient, or a forcible felony will be immediately punished upon being charged. Simply because they have been charged, they won’t be allowed to see patients anymore except in the presence of another health worker, which presumably will render many or most people who are charged instantly unemployable. (And even if you’re eventually found not guilty, good luck explaining to your next would-be employer why you left your last job.)

Doctors’ patients will also receive a letter from the government notifying them of the charges — but reminding them that the doctor is innocent until proven guilty, which I guess is supposed to make all of this okay, even as it ruins good people’s careers.

Of course this all amounts to a huge grant of power to prosecutors who are already much too powerful. Now they can instantly ruin the career of anyone they choose in the medical field. Other professions will follow, I’m sure, and eventually it will be all of us.

According to Otto Skorzeny, pictured is the Scherff family and a few friends (circa 1938). Holding “Mother” Scherff’s hand at left is Martin Bormann. In front is Reinhardt Gehlen. In back is Joseph Mengele and to his right is Skorzeny as a young man. At center right (in the German navy uniform) is George H. Scherff, Jr. and his father George H. Scherff, Sr. Bormann became Hitler’s second in command. Reinhardt Gehlen was a chief SS officer and assassin who was smuggled out of Germany under Operation Paperclip. Skorzeny was Hitler’s bodyguard and SS spy/assassin who came to the U.S. after the war under Project Paperclip. Skorzeny and GHW Bush were instrumental in merging Nazi (SS) intelligence with the OSI to form the CIA with “Wild Bill” Donovan and Allen Dulles. These guys were also part of CIA mind control experiments such as MK-ULTRA. SS officer and physician Joseph Mengele, the notoriously sadistic “Angel of Death” of Auschwitz, escaped Germany to South America after the war. George H. Scherff, Jr., became the 41st President of the United States as GHW Bush and George H. Scherff, Sr., was Nicola Tesla’s “trusted assistant.”

What you are about to read is another step beyond research pioneered in the early 90s by author/historian Webster Tarpley based largely on deathbed “clues” provided by former Hitler bodyguard Otto Skorzeny and his box of photographs. Since Skorzeny’s death in 1999, the various leads he provided have been followed up and tend to support what, at first blush, would appear to be the unbelievable rantings of an embittered old man. What remains constant as we pore through publicly available official records, private correspondence, memoirs, newspaper articles, photos and other “clues” is that Bush family records (the ones that exist) are a puzzle palace of inconsistencies and curiosities. Since it is a congressionally established fact that Prescott Bush was in business with the Nazis during WWII, we can safely say that the Bush/Nazi connection existed. Who are the Bushes? How did they get connected with the Nazis? Is the connection still alive through U.S. presidents George H.W. Bush and George W. Bush? The answers are not as literal as we would like them to be. But we have the testimony of Otto Skorzeny and his photos—especially the one at right. So, here we go—the first installment of an investigation that points to a curious conclusion: The “Bush” family was created to destroy America.

By Don Nicoloff

It’s an incredibly detailed and lengthy story. Fascinating if you’re interested in this kind of stuff. Read the full story… HERE

Does anyone have more info on this matter?