You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #1: What I find really fascinating is the concept of serving the economy. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
RandomThoughts Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-06-10 08:40 AM
Response to Original message
1. What I find really fascinating is the concept of serving the economy.
The economy is a system that has effects, and conditions some actions above others, and rewards some actions above others.

It really isn't much more then that. As far as job creation, that is done either by demand or stimulus, you could argue that wealthy people crate jobs by discretionary spending when they want to expand with investment, but that is no different then government stimulus if not driven by demand.

However it is different by who decides where spending occurs, should it be people that are capable of making money in a system, including what the system requires to make money, or should where spending occurs be from consensus of society.

That is really much of the debate. If you argue that people have much money because they are suppose to, or because it means they have the some talent that allows them to better decide where that money should go, then you support private sector oligarchy.

If you think a consensus of many people in all of society should decide where money is spent then you support some form of societal government.

There are some arguments about efficiency since the profit motive makes more production per unit of business, but that would only matter in a world with more demand then supply. But the profit motive can also add a higher level of corruption into that sector.




Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC