Free market only happens at the small business level.
When business grow large and powerful, they leverage their influence on government and banking. No such thing as a free market for them.
Yes, it's called socialism. Socialism for the rich. Adam Smith is rolling in his grave.
A good example of it in economic sence was a waiter complaining to the owner about the earning difference and how sharing the wealth was a good thing. After trying to explain risks he finally said look, you are my best and hardest working waiters and you make more then anyone in tips, should we spread you tips around to the other less fortuneant waiters and waitresses? Coversation ending point.
Sharing the wealth is nothing new ... there was a reason the hammer and sycle was on the USSR flag ... and sadly it doesn't work. You not only have to fight for freedom, you have to fight to keep it!
Grades are not economic goods. Grades are a method of determining ability. You get a D.
Marx was a bit of a dope, and that aphorism isn't particularly apt even in situations with goods. But the idea that the economy should be controlled for common benefit rather than left entirely to those who can manipulate it the most for their own personal gain is not dopey. We have depressions because of the inefficiencies introduced by the selfish. They invariably worship and sell instability, then get out before their peaking excursion collapses, taking down everyone who trusted them.
It's no way to run a planet.
Exactly. I make money in my business because I take away business from my competitors. Same in investing.
Now I have no problem taking food away from them because they know the rules of the game. And they have no problem taking food away from me.
However, I don't think old people and children should have to play by the same rules (Ryan's plan for Medicare)
If only it worked out that way in real life.
Business is a zero sum game. The stock markets which is an extension of business is a zero sum game.
I make money because some fool got scared and sold. And vice versa. Some other guy made money by selling his shares to me when I tried to catch a falling knife.
Walmart is a perfect example. They put countless small businesses out of business.
Those same small businessmen now how have no choice but to work at a low wage place like Walmart because they cannot compete against low, low prices (products made in China, subsidized by government trade agreements)
Funny how you Republicans never talk about that stuff.
It is not Cramer. He has been negative on high dividend stocks forever. It is fear of inflation (which is being talked about too much),higher rates, Dodd-Frank Act,budget talks,Fannie and Freddie, in short too much uncertainty.