Milton truly did get it. I wish todays radical leftist society would listen with an open mind to his logic. They could learn a thing or two. [facebook.com]
It always amazes me when the Captain crawls out of his hole again to try matching wits with the liberals on here, and gets smacked down so predictably every time. Needs to stick to his conservative atheist echo chamber, where they are more on his level of intellect and informed knowledge..
You Yanks wouldn't know a radical leftist if they stole your underpants. The Democrats range from corporate spokesmen to moderate democratic socialists.
No, from where I view it, there is only one radical party in America and it is called MAGA. Overturning Roe vs Wade, suspending the Constitution, banning books, running up huge debts to give the top 1% tax breaks, "reforming" the bureaucracy into party faithful, and now they plan to ban porn!
The US has a fascist, authoritarian, "Monopoly Capitalism" problem.
State Monopoly Capitalism:
“The main Marxist–Leninist thesis is that big business, having achieved a monopoly or cartel position in most markets of importance, fuses with the government apparatus. A kind of financial oligarchy or conglomerate therefore results, whereby government officials aim to provide the social and legal framework within which giant corporations can operate most effectively.” - Wikipedia
Basically this is favoring the rich and not holding them accountable, even for egregious crimes, while controlling the people using low wages, prison for non-violent crimes and small infractions, and while suppressing their vote and protests. And also, using the people, especially their children, to fight their wars to gain the resources of other countries. Either wealth will be regulated for the benefit of the people or the people will be regulated to serve wealth.
"Monopoly Capital:
An Essay on the American Economic and Social Order is a 1966 book by the Marxian economists Paul Sweezy and Paul A. Baran. It was published by Monthly Review Press. It made a major contribution to Marxian theory by shifting attention from the assumption of a competitive economy to the monopolistic economy associated with the giant corporations that dominate the modern accumulation process. Their work played a leading role in the intellectual development of the New Left in the 1960s and 1970s. As a review in the American Economic Review stated, it represented "the first serious attempt to extend Marx’s model of competitive capitalism to the new conditions of monopoly capitalism." It attracted renewed attention following the Great Recession." - Wikipedia
Example:
“This is monopoly capitalism in action,” said Marion Nestle, author of Food Politics and professor of nutrition, food studies and public health at New York University. “Whenever Amazon takes over more and more and more of any consumer area, that gives consumers less choice. And now it’s food.” - [truthout.org]
Political implication:
“Ever since monopoly capital took over the world, it has kept the greater part of humanity in poverty, dividing all the profits among the group of the most powerful countries. The standard of living in those countries is based on the extreme poverty of our countries.”
— Che Guevara, 1965 -Wikipedia
GeebusH, you've not been out of that basement and into the sunlight for what, 5 decades?
You're out of date pal. The world has moved to post economic rationalism economics. It's been discredited for the myth it was. Reagan is no longer President; Margaret Thatcher likewise no longer PM of the UK. Both pushing up daisies, and so is economic rationalism.
"The Quantity Theory of Money offers a valuable framework for understanding the relationship between money supply and prices, but it has certain limitations: Neglects factors like technology, government policies, and international trade that influence prices. Fails to account for short-term economic dynamics." -
[shiksha.com].
"Cons: May lead to exploitation of other stakeholders, compromising their autonomy and dignity. Balances moral obligations in business ethics teaching. Pros of shareholder theory: Profit maximization. Cons: Neglect of societal and environmental impacts."
"The Friedman doctrine, also called shareholder theory, is a normative theory of business ethics advanced by economist Milton Friedman which holds that the social responsibility of business is to increase its profits." - Wikipedia