Korean Job Discussion Forums

[Ya-ta Boy]

This is for all the free marketers out there.

The market is fine. We are the ones who are not functioning properly.

Everyone seems to have forgotten that the free market is not just some theory that we can abandon when things get rough. It requires faith. It is a lot like believing in another all-powerful being. God. You see, like God, the market is all around us. The market guides us with an invisible hand. Like God, if we have faith in it, the free market is the answer to all our problems, but if we doubt it, it will withhold its precious gifts.

Now some are going to say that this financial meltdown shows the market is fallible, that it is in fact not God. Well, it does not mean that the market is not God. It means that the market is just a dangerous and destructive god. Think of the Old Testament. Look at Job. Job was riding high on a big livestock and children bubble, before that burst. He stayed faithful to God and got back even more than he lost.

Or, now that I think of it, maybe the market is not like the Judeo-Christian god at all, It might be a blindly vengeful god, with a thousand hungry mouths who comes in the form of a winged serpent who comes to destroy the universe with a black flame.

Hear me O children of capitalism, thou shalt not abandon the one true god of capitalism for the false idol of socialism. That way lies eternal damnation. We must believe even harder. Our god demands sacrifice. And I don�t mean regulation. I mean human flesh. We already threw Lehman Brothers into the mouth of the beast. Then it ate AIG. And it ate WaMu and then it ate Wachovia. It�s gobbling Wall Street firm by firm and it�s still hungry. I say we feed it Main Street. Being eaten alive by Wall Street is better than admitting the government should have any role. So everybody. Calm down. There is nothing we can do now. Thanks to the House Republicans we are in the market�s hands and it will take care of us only if you trust it. O ye of little faith. *


Further reading:

�That they were always exposed to destruction; as one that stands or walks in slippery places is always exposed to fall. This is implied in the manner of their destruction coming upon them, being represented by their foot sliding�

It implies, that they were always exposed to sudden unexpected destruction. As he that walks in slippery places is every moment liable to fall, he cannot foresee one moment whether he shall stand or fall the next; and when he does fall, he falls at once without warning�
Another thing implied is, that they are liable to fall of themselves, without being thrown down by the hand of another; as he that stands or walks on slippery ground needs nothing but his own weight to throw him down.
That the reason why they are not fallen already and do not fall now is only that God's appointed time is not come. For it is said, that when that due time, or appointed time comes, their foot shall slide. Then they shall be left to fall, as they are inclined by their own weight. God will not hold them up in these slippery places any longer, but will let them go; and then, at that very instant, they shall fall into destruction; as he that stands on such slippery declining ground, on the edge of a pit, he cannot stand alone, when he is let go he immediately falls and is lost.
The observation from the words that I would now insist upon is this. -- "There is nothing that keeps wicked men at any one moment out of hell, but the mere pleasure of God." -- By the mere pleasure of God, I mean his sovereign pleasure, his arbitrary will, restrained by no obligation, hindered by no manner of difficulty, any more than if nothing else but God's mere will had in the least degree, or in any respect whatsoever, any hand in the preservation of wicked men one moment. **

*Steven Colbert: Sept 29, '08
**Jonathan Edwards, 1741

[ED209]

Luckily I put my stock in spaghetti meatballs.

[ontheway]

WOW!

Proof positive that Yata's mind has melted down along with the dollar.


Yes, Yata. Your post proves that socialism in all its various incarnations - from Hitler's Fascist Germany, to FDR, to Wilson, to Nixon, to the moral majority communist values Republicans, to the USSR - is an exercise in dogmatic, religious belief.


All scientific and mathematically based economic study has verified that the free market will produce the highest standard of living for the people. It also shows that there can be no inflation or recessions while on a free market 100% gold standard.

The free market is, of course, based and predicated on the science of Liberty, and cannot exist unless the people are all free.



But, yes, Socialists go right on believing in their God - the government.

Math, science, economic anaylsis has shown that socialism ALWAYS fails. This was proven in the 1870s and has never been refuted. The Soviet Union had hundreds of their smartest people attempting to overturn this proof for years, but they failed. I actually met with some of them in Moscow in the 1970s.

[Kuros]

Right. My free market leanings are only somewhat ideological. I came to them pragmatically. High taxes and high gov't spending is not an avenue for success in a globalized economy: the rich will take their money, and possibly even themselves, out of the country. Which means that I'm not opposed to a socialist economy, in principle, pre-1980s.

But I suppose its easier to rant against laissez-faire principles than to study the situation to the point and recognize that the liquidity glut-MBS-default credit swap-insurer hedge selling quadruple combo was fateful to our economy; and that supply-siderism has left the government too bankrupt to support those hurting from the economy when they need aid most.

[ontheway]

1. Spend more than you make and eventually you will go bankrupt.
Everyone knows this.

Simple math. Simple bookkeeping...

The socialists in the US government (Ds and Rs) ran the total current debt of the US Federal Government up to $70 trillion. The govt is bankrupt and only some crazy cult religion (like socialism) could believe otherwise.


2. Buy a balloon and start to blow air into it ... keep blowing ... keep blowing .... keep blowing... keep blowing ... POP!

This is how the Federal Reserve has caused our financial bubble. You cannot blame the balloon nor the balloon manufacturer. Likewise you cannot blame the homebuyers, lenders, banks or other financial institutions.

Economists have been warning that this would come - that the Federal Reserve was causing a bubble that would burst and lead to a recession or worse, and now it's here.



3.But, the socialists bow down to the god of government and ask for more ...

Actually, this is a very old concept. The first time I had this discussion, in much more depth, was at the UN in New York with a diplomat from India ... almost 4 decads ago.

His view was that:

Socialism is a religion. It is a substitute for Christianity. Illiterate and uneducated people ahere to it as a belief system and cannot be convinced not to follow it just because some other system is logical, scientific or mathematically correct.

People want to believe in something that will solve all their problems, like magic; something that they only have to believe in. It requires no thought, no work, no effort, no exertion of any kind.

God will save you. Socialism will save you.

Socialism grants to the lazy, the stupid and the greedy an alliance with the politically ambitious to use the government to steal what they cannot or will not make the effort to earn for themselves.


But, socialism is no diety. It is a belief system founded on nothing. All government is socialism.

And socialism always fails.

[Ya-ta Boy]

[sojourner1]

I'm glad there's some kind of social system such as Medicaid and Social Security Disability.

If it were not for these programs, I would have had to take care of my 2 disabled parents which simply would have been too big of a burden for me. It paid for their health care and paid a low monthly fixed income below poverty levels, but it allowed us to pull through the years. I barely was able to pay for taking care of my own needs, especially during my 20's. Heaven forbid having a car breakdown or an abscessed tooth. It was an uphill battle. My parents were disabled ever since I can remember and never held a job nor had money, but were stay at home people in bad health. This left me a great deal of responsibility in my childhood, but Uncle San helped us get through all those lean times.

I'm for socialism to help common people. Would you want to be burdened with taking care of your poor mother while you're trying to scrape up a career after having came from a poor family? I think socialism in this sense levels things out as to give disadvantaged people a chance to make do. You have no choice how your parents bring you in and what kinds of burdens, if any, they may put on you.

[bangbayed]

Personally I think it's pretty hilarious people are getting this wound up by a direct quote from a Stephen Colbert skit.
The man is a genius indeed.

[Ya-ta Boy]

[bangbayed]

[cdninkorea]

[bangbayed]

[blaseblasphemener]

ontheway is absolutely right. everyone needs to be free, damnit!

-no more public roads
-no more public water treatment. clean your own!
-no more public water pipes, sewers.
-no more public schools. if you're family is too poor to send you to school, that's too damn bad.
-no more public health care of any kind. rich people deserve health care, poor are lazy and darwin will take care of them.
-no more government regulation. Teddy Roosevelt was a fool. The market will regulate itself wonderfully. Just look at China. or wall street.


I think we should all go back to the glory days of the birth of the Industrial Revolution. My, what a wonderful time it was. We could get all these damn kids out of hagwons, and put them to work from sun up to sun down, 7 days a week!