Wind turbine maker's shares plunge 19%
Vestas, the world leader in the wind turbine industry, saw its share price plummet around 19 percent at the opening Wednesday, a day after issuing a profit warning. The Danish company announced late Tuesday that its sales for 2011 would be around 400 million euros ($522 million) lower than expected a few months ago.
Vestas, the world leader in the wind turbine industry, saw its share price plummet around 19 percent at the opening Wednesday, a day after issuing a profit warning.
The Danish company announced late Tuesday that its sales for 2011 would be around 400 million euros ($522 million) lower than expected a few months ago, and that its expenses would be about 125 million euros higher than previously expected due to higher production costs.
The profit warning -- the second for the company in a matter of months -- sent its share price down around 19 percent at opening, and by midday the stock was trading 15.45 percent lower at 58.85 kroner (7.91 euros, $10.30) each on a Copenhagen stock exchange down just 0.94 percent.
When it announces its results on February 8, Vestas said it expected its full-year sales to tick in at 6.0 billion, down from its previous expectations of 6.4 billion in sales, which was already a drop from the 7.0 billion euros anticipated before an October profit warning.
"Due to delays related to bad weather, customer conditions like grid connections and other disruptions, a number of projects under construction are not expected to be recognised as revenue until the first quarter of 2012," the company explained in a statement.
Vestas also said it expected to see an EBIT (earnings before interest and tax) margin of around zero percent for all of 2011, which according to analysts means it will likely post a full-year loss.
"This is very disappointing," Jyske Bank analyst Janne Vincent Kjaer commented on the bank's website, stressing that the profit warning cast "doubt over (Vestas's) 2012 plans."
The company also said Wednesday its shipments in 2011 had amounted to just 5.1 gigawatts compared to an expected 5.5 GW, and that its order intake for the year had stood at 7.4 GW, at a total value of around 7.3 billion euros, compared to its forecast of between 7.0 and 8.0 GW.
Vestas meanwhile said it expected its fourth quarter sales to stand at 2.2 billion euros.
The company slipped into the red in the third quarter of 2011, posting a net loss of 60 million euros down from a profit of 187 million a year earlier, and was forced to drop an ambitious earnings programme and announced upcoming job cuts.
(c) 2012 AFP
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Jan 04, 2012
Rank: 3 / 5 (10)
Also, the biggest potential market is the U.S., yet it really takes governments or large corporations to make investments in significant wind farming operations. Since the U.S. is radically capitalistic, it seems unlikely the government would make significant investments in wind power.
Additionally, wind is the long-term investment, and many people are impatient and unwilling to invest in something over a 30 year time span. Just look how often people sell their homes and move away now.
Idealism is evil.
Perfect is the enemy of the good.
As long as people have "NIMBY" attitudes about our lifestyles and energy needs, no real progress can be made.
Wind is an inexhaustible power supply whereby one must never pay for fuel, nor for cleaning up and disposing of waste, yet NIMBY and idealism continues to defeat it to everyone's detriment.
Jan 04, 2012
Rank: 2.3 / 5 (29)
I think the biggest problem is reality, and the hyperbole and rhetorics of the wind advocates that hurt the credibility of wind power. Like:
Except it isn't, and you do. Windmills aren't indestructible monoliths, they have to be replaced completely every 20-25 years because of material fatigue. That's a huge pile of rubbish that has to be recycled at a cost, and some which you can't recycle, like fiberglass. You can only "downcycle" it into less valuable products. The wind is free, but utilizing it is not.
As far as reality goes, all the large wind power users, Germany, Denmark, etc. have already ran into practical problems because they simply can't utilize any more wind in their grids due to the variability of it
Jan 04, 2012
Rank: 1.9 / 5 (25)
How do you deal with it?
The answer is that you can't and you don't. The utilities build wind power, collect the subsidies and carbon credits, and then sell the electricity off across borders to places that don't have wind power. They only use a fraction of it themselves.
This principle of a "virtual battery" dilutes the random power swings into a larger grid. It works beause the amount of wind power in this larger unit is so neglible that it doesn't interfere with its normal operation - as long as nobody else builds more wind power.
It also means that the total amount of wind power you can globally utilize is likewise - neglible. Any more, and the cost of energy starts to rise drastically due to the practical issues of trying to tame chaos.
Jan 04, 2012
Rank: 3.8 / 5 (9)
Jan 04, 2012
Rank: 5 / 5 (3)
Yes you can. Just build wind farms to cover for the average needs, and burn gas or coal when there is not enough wind. It works, it is not perfect but it makes sense and you save more than half of gas & coal burning than without windmills, which (a half empty glass is better than an empty one, isn't it?). And as @returners said, perfect is enemy of the good.
It will be even better with future generations of new batteries. We will have to wait a few years but there is a lot if investment on this field and it will happen.
Meanwhile, I think it could be improved by changing the electricity price to match the reality, do important discounts at wind peak moments and charge more at bad times. Many industries could take advantage of it by producing the most energy intensive processes at the right moments. Difficult but not impossible, if it is profitable and you have the adequate laws it will happen
Jan 04, 2012
Rank: 4.5 / 5 (25)
Jan 04, 2012
Rank: 1.8 / 5 (26)
Jan 04, 2012
Rank: 5 / 5 (2)
It is invented, but it only works efficiently if you also have something cold nearby. For example Toronto is in the Ontario lake shore, and they are successfully using the temperature difference between the hot city and the cold deep water from the lake.
Jan 04, 2012
Rank: 1.5 / 5 (27)
I'm not an engineer but wouldn't counter rotating dual wind turbines reduce centrifical stress on the blades?
http://www.youtub...e8xUWtNI
Jan 04, 2012
Rank: 5 / 5 (2)
Jan 04, 2012
Rank: 1.6 / 5 (35)
Jan 04, 2012
Rank: 4.5 / 5 (25)
Jan 04, 2012
Rank: 1.3 / 5 (27)
All the more reason not to invest in traditional wind technology from private or public funds because it's NOT PROFITABLE. It's not efficient/competitive enough to produce more wealth to go around.
Jan 04, 2012
Rank: 4.6 / 5 (29)
Jan 05, 2012
Rank: 4.3 / 5 (29)
The reason being that the economy is doing worse and worse, people use less energy because they cannot afford it, thus the investors look for something more "stable" to invest in.
So i have to agree with kochevnik, huge failure becuase of capitalism.
Jan 05, 2012
Rank: 1.4 / 5 (28)
Jan 05, 2012
Rank: 1 / 5 (28)
Jan 05, 2012
Rank: 1.4 / 5 (28)
Jan 05, 2012
Rank: 4.7 / 5 (26)
Jan 05, 2012
Rank: 1.2 / 5 (31)
A few windmills here and there. We are talking about tens or hundreds of thousands of these monstrosities world wide.
Of course Sol will still drive the wind but the transport of moisture (among other side effects) will change.
Jan 05, 2012
Rank: 1.5 / 5 (32)
But the 'progressives' support biological evolution and oppose the idea of a Central Planner of the universe.
Why do 'progressives' oppose economic evolution and engage in central planning?
Jan 05, 2012
Rank: 1.1 / 5 (29)
I think the joke went a bit over your head.
Jan 05, 2012
Rank: 4.6 / 5 (27)
Vague terms by a vague person to make vague arguments. Shut up already -.-
Jan 05, 2012
Rank: 3 / 5 (121)
How about encephalon = central planning. You do have one, don't you?
Jan 05, 2012
Rank: 2.8 / 5 (6)
Nope. It doesn't work that way. You can't just push power into the grid. Production and consumption must always meet.
That's the problem. You can never build more wind power than the maximum amount of power you can sink into your grid at any given time, and then your windmills will produce only neglible amounts of your energy on average, because their average output is only around 20% of the design power. Even assuming that your consumption is constant, you'd have to burn gas to produce roughly 80% of all your energy, so that your windmills could sometimes produce up to 100% of their design power and you'd still be able to use it.
In reality you save next to nothing.
Jan 05, 2012
Rank: 1.1 / 5 (27)
Are you an atheist?
Are you socialist?
Jan 05, 2012
Rank: 3 / 5 (120)
Your innards are centrally planned Marjon, from the moment of conception driven by evolution. Maybe you should just get it over with and water the tree of liberty if you feel so strongly.
Jan 07, 2012
Rank: 3.1 / 5 (53)
I asked months ago why it is that progressives don't care for free-market capitalism, but at the same time believe in evolution.
Both are similar, in that they both function from core natural processes. Capitalism requires the intrinsic egoistic nature of the individual, to seek to improve quality of life. Along, with this of course is competition and survival of the fittest. Profit, and the "desire for more", is not evil, as most progressives think, but a beautiful natural mechanism which has resulted in the western standard of living.
The "government" is not responsible for anything, and can only act as resistance to the above. The gov has never done a thing efficiently, while nature always does.
Jan 07, 2012
Rank: 2.8 / 5 (105)
Driven by evolution, not God, as God does not exist you tard. The body obviously follows a plan of development set out in DNA. I mentioned nothing about intelligent design. Come on now you are really grasping at straws fool.
Jan 07, 2012
Rank: 3 / 5 (52)
Given the volume of oil/coal used on the planet, ...no limp wrist "green energy" approach, nor social engineering and redistribution of wealth, will ever work.
Jan 07, 2012
Rank: 3 / 5 (51)
I don't believe in God either, dingus. It sounds like you need an invocation of a "planning" mechanism (i.e. intelligent design) in your interpretation of evolution.
Take a few steps back. DNA itself is the result of evolution, i.e. natural processes. So, your interpretation that it's a "plan for action", as if a "biological progressive government", is faulty logic.
Capitalism is a natural process, while governmental social engineering is ad-hoc button pushing and dial turning in comparison, which the results of each have proven.
Jan 07, 2012
Rank: 3.1 / 5 (117)
Of course you have. You are pretending not to to try to make it look like I'm saying something I'm not.
http://en.wikiped...ody_plan
No god, no intelligent design. Just your dishonest sophistry.
I'm not engaging in this anymore. This is off topic. And you are a racist and a liar.
You're also a homophobe. Big shock there.
Jan 07, 2012
Rank: 3.3 / 5 (46)
You're not reading what I wrote. I know you don't believe in god or intelligent design. I'm saying your above faulty logic requires these notions despite this, thus you are inconsistent.
I know about DNA, that it too is a product of evolution. You stop at this point in its evolutionary development, only because it is convenient to draw the strained analogy between it and "central planning".
Unfortunately for you, this logic fails, because the existence of DNA is a result of evolution,.. NOT of any conscious planning, .i.e. government.
Jan 07, 2012
Rank: 4.3 / 5 (23)
How do you deal with it?" - Eikka
Averaging and short term storage.
Why does this continue to confuse you?
Jan 07, 2012
Rank: 4.1 / 5 (22)
Can you tell us again what your reason was for referring to Arab countries as "Rag Head Nations"?
"Capitalism is a natural process" - NumenTard
So is murder.
Jan 07, 2012
Rank: 4.1 / 5 (22)
That's the problem." - Eikka
No, the problem is that you don't seem capable of understanding that you throttle your production - or dump the remainder into storage systems when there is excess production capacity.
If you are using natural gas turbines, coal fired plants, oil fired plants, nuclear powerd plants, you turn them down or off, or start up motors that pump water into reservoirs or start charging batteries etc.
Jan 07, 2012
Rank: 4.1 / 5 (23)
So your prescription is to do nothing until mankind goes extinct.
Yours is a Libertarian/Republican response to a real problem. Do nothing, and allow the problem to grow worse and worse and then blame da gubderment for the problem you created.
"no limp wrist "green energy" approach, nor social engineering and redistribution of wealth, will ever work." - NumenTard
Then you will need to dramatically lower your wasteful energy consumption.
When will you comply? Or will you need to have your legs broken to do so?
Jan 07, 2012
Rank: 4 / 5 (24)
You mean it will arrive just in time to save the day like Mighty Mouse?
Your plan worked well with the plague, and the Irish Potato Famine didn't it?
Sorry Tard Boy. But America's day in the sun is over. You losers are providing a wonderful example of how not do do anything.
Jan 07, 2012
Rank: 4 / 5 (23)
You poor, confused, Tard.
"I asked months ago why it is that progressives don't care for free-market capitalism, but at the same time believe in evolution." - NumenTard
Jan 07, 2012
Rank: 4.1 / 5 (23)
Yup, once you exclude maintaining standards of measure, and conduct, funding prisons, building infrastructure, funding virtually all basic science research, all medical research, and providing state protection, disaster relief, fire prevention and response, education and medical care, and protecting commerce, you are right. The government does nothing.
Jan 07, 2012
Rank: 3.3 / 5 (48)
I already explained this to you. I will repeat it one more time, so read carefully; Turbins and hijabs, come right off if pulled,.. so they are not an intrinsic attribute of a particular race. In fact, they are worn in accordance with religious law, islam, and not to differentiate race. Obviously many races follow islam.
As to your stupid anti-capitalism, anti-American remarks,... I can't possibly take you seriously in order to supply a response.
Jan 07, 2012
Rank: 4 / 5 (22)
"A few windmills here and there. We are talking about tens or hundreds of thousands of these monstrosities world wide." - BlueHigh
Jan 07, 2012
Rank: 3.4 / 5 (45)
Of course I meant that within the context of how the western standard of living came about (as opposed to historical examples of communism). I'm not anti-government, and know it is required for basic nuts and bolts of a society.
Jan 07, 2012
Rank: 3.8 / 5 (25)
"What you guys fail to understand is capitalism=evolution." - Capitalism Fails
Jan 07, 2012
Rank: 3.3 / 5 (50)
It is an reactionary emotional invention of political man and is artificial in comparison.
Jan 07, 2012
Rank: 3.4 / 5 (50)
What country are you from originally?
No, no magic, oil/coal will eventually become more and more expensive as it becomes more difficult to find and extract. The value will then go up.
The market for alternatives will then be able to compete. Why invest money into alternatives with oil/coal so cheap, now?
Wrt energy use, humans will take the path of least resistance, as economies cannot otherwise support. I'm just stating the reality of it.
That said, I'm all for a "Manhattan'esque project" to develop safe nuclear power, as a matter of national security.
Jan 07, 2012
Rank: 4.6 / 5 (20)
And this will magically happen at the same time that it will be necessary to switch over before climate change becomes catastrophic?
Jan 07, 2012
Rank: 3.3 / 5 (48)
Again, its not magic, and will happen gradually. I'm just stating how economies function. As to your question, I don't know the answer. The catastrophic projections of AGW are speculation to begin with,... but I concede that it is possible that there will be irreversible effects done to the climate as a result of the industrial revolution.
What is certain, is that social engineering energy use will not work. As even those who buy into it 100%, can clearly see that nothing is being done about it, and there are no alternatives to oil/coal on the massive scale needed to replace it. We are still drilling for oil, and even squeezing ever drop out of the oil sands. Reality.
Jan 07, 2012
Rank: 1.7 / 5 (23)
Recall that sperm whale oil was used for home lighting creating a very profitable whaling industry. But then oil was discovered in PA and cheaper kerosene replaced sperm whale oil and eventually the electric lamp p replaced kerosene lamps.
And there were no govt subsidies involved and several of the worlds largest companies were launched, providing a product people wanted at market prices.
Jan 07, 2012
Rank: 3.2 / 5 (49)
You are starting to get it. No free individual will voluntarily reduce their energy use because of some global climate speculation, because it is not in their individual best interest to do so.
So indeed, they will have to be Forced into having their daily lives regulated by the government, if they are to substantially reduce their energy use.
There are a number of reasons why ultimately, this will not work in any case, but the only one that matters is that the people are the ones who determine the form of government in free nations, and they will not accept a communistic or socialistic one. Many, including me, would rather "go down with the ship", than accept conditions which are counter to our nature.
Jan 07, 2012
Rank: 4.4 / 5 (20)
Just pointing out that nature doesn't care about economics.
Nature is the REAL thing we are based on and rely on for survival as opposed to something fictional - like economy (which is a - more or less consensual - fictional construct).
We shouldn't rely on fiction to get us out of real trouble.
Jan 07, 2012
Rank: 1.8 / 5 (24)
Jan 07, 2012
Rank: 1.5 / 5 (24)
Jan 07, 2012
Rank: 2.8 / 5 (59)
Free market economies are a manifestation of the egoistic nature of man, or maybe a epiphenomenon of it. It is real, not "made up".
Unless there is some unnatural force to prevent it, societies will develop with economies based on some form of capitalism,... where "the prices of goods and services are determined in a free price system".
It's naive to toss around "WE shouldn't do that..." or "WE should being doing this..". Nobody operates in their daily lives with WE in mind. Therefore, this reliance on "We should behave this way or that",.. is orders of magnitude less reliable than proposing that individuals seek their own benefit. It is clear that economies are based on the latter and not the former.
Jan 07, 2012
Rank: 1 / 5 (20)
Jan 07, 2012
Rank: 2.8 / 5 (59)
I will add this to my all time PhysOrg idiotic post list at my profile page. Thanks.
Jan 07, 2012
Rank: 2.8 / 5 (59)
Explained above. I've proven in the following thread, that FrankHubris frequently applies the "racism" charge to conservatives only.
http://www.physor...ars.html
Jan 07, 2012
Rank: 4.5 / 5 (24)
Not to put too fine a point to it - but many of the most capitalist nations are heavily in debt. To communist China.
As regards climate change: yes.
Economics is something humans dreamed up to work among ourselves. It has no relation to reality (i.e. those things in the universe which actually threaten us, like climate change). Try to argue with a storm or rising ocean levels based on your salary. See how much that impresses it.
You might not. Others do. We have realized that once the species goes extinct all the money in your bank accoungt means nothing - not even to the individual.
It is all nice and dandy to be egoistical as long as reality doesn't interfere (i.e. as long as you can play economy games without reality being affected). But that is no longer the case.
Jan 07, 2012
Rank: 2.8 / 5 (61)
Surely you understand that this is due to government massive spending and waste (!?), and NOT a result of capitalism.
Jan 07, 2012
Rank: 2.8 / 5 (59)
I'm all for reducing carbon emissions. I'm just stating the reality of the situation. The world economies are based on a free market capitalism, which in turn is feed with oil/coal on a massive scale. You can't just replace it with peanut butter or windmills because of the tree-hugger bedwetting of today. It will take time to gradually ease into a better technology for energy, because it will take time for economies to adjust accordingly and naturally.
If this means it will take too long to "save us", then humanity is doomed, because it is NOT generally accepted that AGW equates to catastrophic doom in the near future.
What do YOU suggest be done, as a realistic solution?
Jan 07, 2012
Rank: 4.8 / 5 (20)
Some are. Some are not.
If you mean by 'free' that there is an open competition for goods by price and quality then the world economies cetrainly aren't free. All countries employ tariffs, customs, taxes, subsidies and other means by which local products are protected.
In your world that means doing nothing. What do you think large polluters (or any company for that matter) will do? Change because of rising prices? Or simply lobby for more subsidies and tax breaks.
Hint: Big companies in the US, like GE, pay on the order of NEGATIVE 60 percent tax. That's right: For every dollar they should be paying (if all laws were applied) they are getting 60 cents worth in subsidies.
Free market? Don't make me laugh.
Jan 07, 2012
Rank: 4.6 / 5 (20)
Tell that to the island nations which are already being inundated and will soon cease to exist.
There are countries which are converting to alternative, CO2 neutral, energy sources (Sweden, Iceland, Germany, ... ) at an astonishing rate and with NO negative effects to their economy (quite the opposite). So the argument that it would take too long doesn't hold water. Changeover by 2050 is realistic.
The technology and science behind it isn't hard. wind energy (as per the article) is one way to go in the future energy mix.
Just this year germany alone installed 7.5GW (peak) of alternative energy sources. at a total use of 80GW (peak) you can see that the time until most coal and nuclear power plants are obsolete isn't far off.
Jan 07, 2012
Rank: 4.8 / 5 (17)
What was it Aristotle said? Democracy, which is the political Doppleganger of capitalism, is only one step above despotism. Unfettered capitalism (if indeed it is capable of being regulated at all) RESULTS in despotism.
The fittest end up on top and they get there by exploiting weaknesses in the system. They cheat, bribe, steal, collude, and extort their way to the top. Free markets created the Mob right? This is evolution at it's best.
As to windmills is it possible that the market is saturated for the moment? Did anybody mention this?
Have a nice day.
Jan 07, 2012
Rank: 2.7 / 5 (65)
I didn't say it would take too long, I said it will have to happen in accord with existing economies (and IF that was too late then,...), which as you pointed out above Germany is doing a good job. Actually the USA uses more wind, and Germany's stated goal is to go to renewable sources for half of it's energy use by 2050, not all,... which is still great if they can do it. As I said , I'm all for alternatives via technology, not social engineering nor redistribution of wealth that the political far left want as a solution now.
Jan 08, 2012
Rank: 2.8 / 5 (5)
Too late and too little, and we are talking about Germany, a country with abundant means and strong determination for renewables which is an exception rather than a rule. Warmer world is inevitable. The only thing that will force humanity to decrease CO2 emmisions globally is PEAK OIL, and that will be a much bigger threat for human civilisation than climate change ever will.
France managed to switch to 80 % nuclear in 20 years or so.
Jan 08, 2012
Rank: 1 / 5 (14)
Jan 08, 2012
Rank: 4.3 / 5 (12)
More like after free access to information, people are sick and tired of the lies and toxins put out by big oil. Information access has sped up dramatically. For example I could not find a company in the USA for over a decade. Yet with google I found them in five seconds. People are tired of your snake oil hucksterism. Sustainability is hard-wired into the DNA, not paths of least resistance. As masters of the planet the biosphere will live or die by human actions. Your way is death.No, you're for redistribution of wealth and control of energy into the hands of the 1%, using fraud and deception. Typical conservative.
Jan 08, 2012
Rank: 1 / 5 (9)
Do these guys support capitalism? I'd say, they just want to protect their jobs sponsored with tax payers from mandatory fees - so they're actually Bolsheviks in their hearts.
Jan 08, 2012
Rank: 1.3 / 5 (13)
Says you?
People pursue what is in their self interest and will take whatever path needed.
Jan 08, 2012
Rank: 3.2 / 5 (50)
Jan 08, 2012
Rank: 1.1 / 5 (9)
In addition, I'm making many blurbs in this forum, but just the notion of cold fusion did upset so many people. The other posts of mine are usually downovoted with single person only (orac). So why the orac should use all his accounts just for downvoting of this particular post?
Jan 08, 2012
Rank: 4.6 / 5 (11)
If evolution created perfection there would be one species and no cancer.
Competition is one tiny part of the process of evolution. The abstract math of capitalism reflects the ambitions of those who created it (and their limitations), not a perfect algorithm for achieving perfection.
Capitalism isn't true to itself because it relies on the community to create consent. It does this through indoctrination, peer pressure, domination, hording of vital resources,... etc that contradict the free market. Capitalism is impossible without nationality and unified law, language, math, money, materialism,... facilitated by the nation.
You ignore that most people in this world do not mathematically benefit from working harder or making decisions that increase our efficiency.
Evolution creates complexity through replication, mutation and selection. It does not strife for logic or perfection, it does not strife for anything.
Jan 08, 2012
Rank: 1.2 / 5 (9)
Jan 08, 2012
Rank: 2 / 5 (16)
False.
Community? Why? What does capitalism mean to you? Capitalism can't use the force of the nation. Participants must persuade.
Perfection? How would one species be perfect? That species would need to be cannibalistic to survive.
You think capitalism strives for perfection? Only socialists claim to strive for perfection (Utopia). Capitalism a system that allows its participants to satisfy their needs and wants in a persuasive environment. Not a coercive one.
Jan 08, 2012
Rank: 2.4 / 5 (81)
It's the same guy, FrankHerbert. He does it to me also, and votes others he agrees with up. I've been dealing with this clown over PM for months.
Jan 08, 2012
Rank: 1.8 / 5 (15)
Socialism is requires force, coercion.
Jan 08, 2012
Rank: 1.6 / 5 (14)
Of course it is.
It is in the self-interest of the herd animal to stay with the herd. It is in the self interest of the wolf to hunt in packs.
Some humans have the opportunity to choose what is in their self interest and create environments, physical and social, to support that self interest.
Jan 08, 2012
Rank: 4.7 / 5 (12)
It is coercive. You are defined and limited by - and indebted to - the nation from the second you are born.
I had the experience of being poor when I was young (my mother succumbed to mental illness) so I was very aware of how worthless I was to my community and how that limited my ability and ambition to compete for social status.
I have experienced my role in the economy as unfair, involuntary, and unnatural to my impulses. Buying and owning stuff brings me no pleasure, yet it dominates my life. The choice is becoming greedy and never satisfied or being dominated by the greedy.
I don't like my life, I don't like what happened to my biosphere, I DO NOT like Money.
I work because I'm forced to. Because I will suffer if I don't. My only purpose in life is to facilitate the greed of the people that spat me out when I was helpless en needy.
Jan 08, 2012
Rank: 1.8 / 5 (16)
So you would prefer the govt force other people to work to take care of you?
You must not have been raised in the USA or any other country that enables free markets and opportunity.
Then don't.
Jan 08, 2012
Rank: 4.8 / 5 (10)
This has happened to you before. It has caused you to create many sockpuppets of your own. Remember?
I wonder if, upon examining this disconnect, it might inform you of other such massive disconnects in your physics conjectures.
Jan 08, 2012
Rank: 3.1 / 5 (50)
Capitalism is not perfect, especially when polluted by reactionary politics. In fact it is intrinsic in this system that some will prevail while others fail; natural evolutionary elements.
That is entirely you own fault. There has never been a society in human history where one did not have to work and where there was not some standard monetary exchange. Even the earliest state of man as a savage, had to work to acquire food to eat and maintain his existence.
What you call "greed" is not an evil or detriment to humanity, in fact quite the opposite, as every living thing requires this motive force to maintain its existence. You sound like someone barely alive.
Jan 08, 2012
Rank: 4.2 / 5 (10)
He has never seen the value of a monopoly on violence guided, not by profitability, but by the values of justice and equality as established by a democracy. He thinks the market for violence should be a private one, where the highest bidder gets the quality and quantity of violence he desires, and where the rest become victims of that violence. That's all you really need to know about marjon.
Jan 08, 2012
Rank: 3.1 / 5 (50)
Obviously violence, (unless you are giving it a ridiculously wide meaning), is a matter of laws and therefore falls under the scope of the government. This has nothing to do with the private sector.
Jan 08, 2012
Rank: 3.4 / 5 (14)
And the proper application of violence is central to the functioning of a free-market system, or indeed any social organization that claims authority. Without the threat of violence, contracts would not be enforced when one party no longer benefits from it. Loans would neither be made nor paid back. Trade would not be possible.
Jan 08, 2012
Rank: 3.1 / 5 (51)
It is rather astounding the length that idealistic liberal bed-wetters will go to intellectually contort themselves into an ass-ball.
You have diluted the term "violence" so much that it no longer has any useful meaning.
Your use of the term applies to every and all forms of government, and every and all states of man throughout all history.
The liberal idealistic utopia where no one every receives more benefit from another, nor ever needs to compete with another, nor is ever disrespected by another, ... is utter pure mindless fantasy,.. has never existed, ..nor will ever exist,.. except Saturday mornings on the cartoon network.
Free Market Capitalism directly reflects the reality and nature of man. Grow a pair.
Jan 08, 2012
Rank: 5 / 5 (3)
One of the problems they face is that windmills must be connected to the grid - which makes it necessary to expand upon the already aging grid infrastructure in many countries.
Add to that, that the grid is mostly owned by energy companies operating traditional power plants and you can see how they are loathe to supply the wind farms with the means of easy connection.
Saturation doesn't seem to be the problem (at least not if you look at all the wind parks being planned)
Jan 08, 2012
Rank: 4.6 / 5 (9)
Ever hear of market forces? Every system employs force. Some don't reward trust-fund babies, so you're against those.
Jan 08, 2012
Rank: 1.9 / 5 (18)
When those laws are used to violate individual property rights, as the socialist do now in the US and elsewhere, those laws must be vigorously opposed.
Statists like to use Somalia as a example of what happens without a state, but the Somalis do have a laws and an economy without a formal, UN recognized nation-state.
Government does not create the society, but govt can destroy societies.
As for anarchy, nation-states exist in anarchy. There is no world govt. Nation-states do what then can and must do with other nation-sates to benefit themselves.
Free markets can't use weapons or put people in jail and still be considered free. Market forces persuade, not coerce.
Jan 08, 2012
Rank: 1.8 / 5 (15)
I have a new product that I am launching soon. Capitalism will reward me IF it is something people want at a price they want it at. If people do, I will make money. Now if I was a progressive in power, I would force people to buy that product at a price I demand.
What I want government to do is make sure that no one steals my patents and that people who buy the product for an agreed to price, pay for the product.
Jan 08, 2012
Rank: 1.8 / 5 (15)
And this is why there are shortages of some drugs. Govt fixes prices and making it impossible for anyone to make a profit.
If a business does not make a profit is must close. Or, the govt must force people to work for them, aka slavery.
Jan 09, 2012
Rank: 2.3 / 5 (3)
Jan 09, 2012
Rank: 4.3 / 5 (4)
You're absolutely right, every form of government, from tribal chiefdoms to monarchies to democratic republics works to monopolize the production of violence for itself, nor is it wrong to do so.
And far from being meaningless, violence does not refer to any and all negative consequences from behavior, but those negative consequences that are imposed by the agreement of other men and women. If you starve because of the drought, you are not a victim of violence. If you starve because someone took all your food and money to pay your standing debts, you have been.
Yet without the authority to take people's things, or even their lives, and the wisdom to apply that authority properly, the free exchange of goods and services is severely limited if not impossible.
Jan 09, 2012
Rank: 1.7 / 5 (6)
They are no worse off than their nation-state neighbors and in some measures, better.
Who has that wisdom?
Jan 09, 2012
Rank: 3.9 / 5 (34)
Jan 09, 2012
Rank: 3.2 / 5 (47)
Jan 09, 2012
Rank: 2.3 / 5 (6)
The US does have a pretty effective free market method to incentivize debt repayment: credit scores.
But then the govt steps in and demands some with low credit scores be given a loan. And when they default, taxpayers pick up the tab.
But if you don't pay your govt debt, you may be forced to go to jail or have your property confiscated. This is violence.
Jan 09, 2012
Rank: 1.4 / 5 (11)
Jan 09, 2012
Rank: 3.3 / 5 (46)
People say that there was not enough regulation in this case, but the gov in setting up conditions where lending to unqualified borrowers is legitimized even though counter to free market reason, is in effect a gov regulation. So any further regulation needed in this context is just duck tape.
Jan 09, 2012
Rank: 1.2 / 5 (18)
Were any govt regulators fired? Were any govt regulation agencies put out of business?
Of course not. They just complained they didn't have enough money or people to do their job.
When Arthur Andersen was caught failing, they were out of business, FAST.
Jan 09, 2012
Rank: 1 / 5 (2)
Jan 09, 2012
Rank: 2.3 / 5 (3)
In any trade, there are risks that the effects of that trade are not what was anticipated. In some cases, great rewards are gleaned from a trade where neither participant had any reason to believe such gains would be in the offing. In other cases, great losses are suffered without any signal that such a thing could occur. In neither case, where luck is the determinant of advantage or disadvantage, can the recipient be said to deserve those things. I would contend that when one receives an advantage through luck, then leverages that advantage for one's own benefit to the detriment of others, even through what would otherwise be perfectly permissible trading, that one is committing violence against those others.
Jan 09, 2012
Rank: not rated yet
Jan 09, 2012
Rank: 1.7 / 5 (6)
Licensed/certified professional....what? And who does the licensing/certifying?
What is more important?
Jan 09, 2012
Rank: 1.5 / 5 (2)
Hint: You cannot extract and convert energy in massive quantities from any system on Earth without having some significant detrimental effect.
Jan 09, 2012
Rank: 5 / 5 (2)
Look at the amount of energy impacting the earth from the sun. Look at the amount that gets converted into wind (or just do the calcultion of the amount of energy one midsized storm has)
Then look at the amount of energy humans need.
Even if we took all our energy needs from wind that is such a piddling fraction that I'm not sure it affects anything at all. Wind patterns range hundreds of meters high (or even kilometers high). Taking a small percentage of the bottom 50 meter high part of that isn't going to alter any major wind currents.
Jan 09, 2012
Rank: 3 / 5 (4)
Not that I expect you to agree or recognize them as such, in order, I would put rights of mutual survival, rights to equality of opportunity, rights of social inclusiveness and participation, and then rights of exclusive possession.
But ultimately, the set of values a democracy should use its monopoly on violence to protect and promote ought to be determined by public participation through voting and representation.
Jan 09, 2012
Rank: 2 / 5 (8)
Then you don't accept the inherent right of every individual to life, liberty, opportunity and property.
Some humans are more equal to others in T's world.
Jan 09, 2012
Rank: 3.7 / 5 (3)
Jan 09, 2012
Rank: 1.6 / 5 (7)
What is a right to 'social inclusiveness'? Some must be forced to include those they don't want to play with on the playground?
BTW, your life is your property so property tops the list.
Jan 09, 2012
Rank: 2.1 / 5 (7)
This is an emergent concept that best guarantees mutual survival.
What I hear you say is the typical top down, socialist/statist perspective.
Jan 09, 2012
Rank: 3 / 5 (4)
The Common Law is the only place you could hope to find some sort of justification for the precedence of property rights over other types of right, and not only will you not find any consistency in the prioritization of property rights over other rights in the Common Law, law passed by the Legislature still trumps it.
The term "mutual" is inclusive. It means everybody survives, at least to the extent that we don't kill each other either directly or through the indirect effects of our actions. As for emergence, how about the violence that emerges from the radical inequality engendered by your anarcho-fascism?
Jan 10, 2012
Rank: 3.3 / 5 (47)
Please explain what you are saying here.
Jan 10, 2012
Rank: 3 / 5 (1)
Not sure that I agree with that as written, but I said that you cannot extract AND CONVERT energy in massive quantities from any of Earths systems without negative consequence. We would ultimately be turning wind energy into heat and pollutants. There is nothing I can do here and now to prove that you cannot do this on a massive scale without negative affect other than tell you that I believe that to be so.
Jan 10, 2012
Rank: 2.6 / 5 (5)
Good law prevents injustice by protecting everyone's life and property equally. Good law makes no attempt to equalize outcomes (to violate the rights of some for the benefit of others), but protects all, equally from violence from other individuals AND violence from a mob (govt).
Jan 10, 2012
Rank: 5 / 5 (1)
Pollutants? Please explain.
And what do you think happens to wind energy anyways? ALL wind energy gets eventually converted into heat one way or the other - whether we harness it or not.
The argument is that what we would be doing would not be a 'massive scale' by any definition of what wind has to offer.
Jan 10, 2012
Rank: 4 / 5 (1)
Well, I was thinking along the lines of a good deal of the electricity we generate goes to manufacturing, though I guess that pollution should be ascribed to manufacturing itself and not to the energy used.
Not sure I see this, but I can see it might be the case.
You're probably right here, but in my defense my original statement was that you cannot extract massive amounts of energy from any of Earths systems without detrimental side effects. If the wind energy we extract does not qualify as massive amounts when compared to the whole what I said doesn't really apply.
Point is, Earths dynamic systems are balanced and fragile, throwing off the balance is bad.
Jan 10, 2012
Rank: 2.3 / 5 (6)
Earth's dynamic systems are always out of balance and are continuously seeking stability. The moon and sun create tidal forces, solar storms affect the atm, gamma ray bursts, cosmic rays, earthquakes, volcanoes, .... where is the balance?
Jan 10, 2012
Rank: 5 / 5 (1)
Certainly we aren't going to be affecting weather patterns, migratory brird routes or even pollen distribution to any extent. it's not like that, on a windy day, the air behind a wind turbine is suddenly still.
On the contrary. Earth has ample buffer systems in all directions which cause the climate to be pretty stable. If it didn't we'd be seeing VASTLY different ecological upheavals un short timespans over the planets history. It is only when those buffer systems are over-extended (as we currently see with rain acidification/CO2 absorption) that we get into trouble.
Jan 10, 2012
Rank: 3.7 / 5 (3)
And Noumenon, I think you know perfectly well what I am saying. When a tiny minority of a society secures for itself the vast majority of the economic and political power of the population, to the detriment of the majority of that population, violence emerges. Unregulated capitalism facilitates that inequality.
Jan 10, 2012
Rank: 1.8 / 5 (5)
Jan 10, 2012
Rank: 2 / 5 (1)
Assume in 100 years mankind replaces 90% of it's energy needs with wind turbines. Assume that from almost any point of land on earth a wind turbine is somewhere in your field of view. You can't imagine any negative affect that could have on the environment? We would be completely changing airflow patterns at low altitudes... you know what else is at low altitudes? EVERYTHING! All of the plant an animal life on the planet is at low altitudes (with respect to the ground, not sea level). You don't think that permeating that region with wind turbines would have any negative affect?
I can't prove it would, I'm just saying I see the potential.
Jan 10, 2012
Rank: not rated yet
No. Look at how much space needs to be converted into solar panels on Earth to satisfy humanity's needs for energy. That's really so little compared to all the solar radiation that hits the planet.
Yes. So? Which of that life is dependent on consistent airflow patterns? Airflow does not seem to be an energy source for any animal or plant we know of.
A problem would be if we'd affect heat/humidity transfer, but that is accomplished by the entire airflow - not just the extremely low altitude part.
Additionally ind turbines are shut down at extreme high winds (which accomplish most of the above) and where is the problem?
(90% would probably also be a unrealistically high number. I'd advocate a mix of solar, wind, hydro, and biogas to offset any variability in the first three, So we're looking at 25-40% from wind tops.)
Jan 10, 2012
Rank: 2.4 / 5 (75)
Natural law facilitates that inequality. It's not capitalism that is "unfair", it is realty. All men are NOT created equal, but only should be treated so under the law. In a free society this natural imbalance in capacities of men find their natural place. Regulating nature is a crime.
Jan 10, 2012
Rank: not rated yet
So growing crops is a crime? Damming up a river to control flooding and generate electricity is a crime? Reality is capricious. Unregulated capitalism magnifies the effects of that capriciousness. The cause of extremes of wealth and poverty is not hard work and intelligence or its lack, but luck. This is easily seen in that capacities in intelligence and ability to perform tasks do not follow a power curve, but both the distribution of wealth in a capitalist system and the rewards from any system of gambling do.
Jan 10, 2012
Rank: 1.7 / 5 (6)
Why not?
And can be taken by the state, anytime.
Which seems to suit the socialists/statists here.
Jan 10, 2012
Rank: 3 / 5 (2)
Because it would not be right to use an arbitrary level of violence to counteract a threat, and it some cases, it would not be right to counteract the threat at all. Otherwise, I would have the right respond to the mugger threatening me with a knife by throwing molotov cocktails at him, or I would have the right to contrive to murder the judge who's about to sentence me to death for my previous crimes, or the executioner who's about to carry out that sentence.
The State has always claimed absolute authority over the lives and property of its subjects, originally through divine right, and subsequently through consent of the governed. The latter form of government does not cede this authority by being democratically organized. Democracy only guides the application of this authority, it does not limit it. You despise this authority. You are, therefore, an anarchist.
Jan 10, 2012
Rank: 2.1 / 5 (7)
If that is all you have, why not?
The NYC crime wave in the 70s was because the police failed to arrest muggers.
The SCOTUS has ruled the police are not required to protect your life or your property. If the govt is not required to protect your life, who will?
DC banned the right of citizens to defend themselves and crime soars.
Same for Chicago.
The inevitable result of T's world is govt with bad laws that fail to protect you. Chicago requires people to register to buy drain cleaner. Socialist govts like Chicago prohibit people from defending themselves creating opportunities for criminals to attack. After all, what do they have to fear?
Recently in Houston police shot a 15 year old for failing to drop a pellet gun that looked like a real weapon. They were justified in doing so just as I would be if he threatened me.
Again, I am not surprised T favors a police state
Jan 10, 2012
Rank: 1 / 5 (4)
When Drano is outlawed, only outlaws will have Drano.
http://chicago.cb...cleaner/
Jan 10, 2012
Rank: 1.7 / 5 (6)
"This guy is up to no good. My husband just passed away. I'm here alone with my baby. Can I get a dispatch out here?" McKinley said.
According to police, Dustin Stewart and Justin Martin were the two men trying to enter McKinley's home.
"I've got my door locked. I've got guns in my hands. Is it OK to shoot him if he comes in the door?" McKinley asked the 911 operator.
Police say the two men knocked for about 20 minutes and then tried to bust into the home.
McKinley said Martin had a 12-inch knife and came toward her.
McKinley said she then shot and killed him.
McKinley said, "I wouldn't of done it, but it was my son. I was trying to protect him."
Read more: http://www.koco.c...j6xhAJsL
In T's world, this woman and baby would be dead.
Jan 10, 2012
Rank: 3 / 5 (2)
And all of your examples that purport to show the government failing to use their monopoly on violence appropriately, or of government delegating their authority to commit violence to private individuals in certain circumstances and for certain purposes and those individuals using that authority appropriately only serves to reinforce the argument that you are an anarchist. You present your examples to establish two points: 1.) government sucks at employing it's monopoly on violence itself, and 2.) private individuals, when granted the authority by the state to commit violence, rock at it. Therefore, the government's monopoly on violence should be broken up and privatized. Classic anarchism
Jan 10, 2012
Rank: 5 / 5 (2)
Also, rights are not inherent. Rights are fought for and protected, which would be unnecessary if they were inherent. The DESIRE for rights is inherent. All humans of sound mind desire freedom from coercion, that desire is inherent.
Jan 10, 2012
Rank: 3 / 5 (2)
But if I am being honest about myself, why won't you be honest about yourself and admit that you are an anarchist?
Jan 10, 2012
Rank: 1 / 5 (2)
That's bad enough...
Jan 10, 2012
Rank: 3 / 5 (2)
Maybe, but what's the alternative? That what's yours is whatever you can defend from the depredations of others?
But not only do I justify my preference for redistribution, you have to keep in mind my audience here: marjon. Any use of force by the government is redistribution. And I'm not inclined to disagree with him just so we can have a semantic debate. In fact, I would probably agree with it on the grounds that the distribution of resources within its jurisdiction is one of the foundational problems of government. In other words, finding the appropriate distribution of resources is one of the reasons we form governments in the first place.
Jan 11, 2012
Rank: 1.7 / 5 (6)
I have advocated for a LIMITED govt the protects everyone's individual, inherent right life and property.
What are the limits to T's state? Nothing.
No, it is not. USSR proved this fails. No central planner can successfully, appropriately distribute resources. The best the govt can do, and should do, is protects people's rights to decide how to allocate those resources that is in their self-interest.
So be honest T, you prefer tyrannical socialism because you desire power to control others. Like the other socialist 'elites' they believe they know what is best for all and are willing to kill people to prove it.
BTW, why do you fear anarchy? The world exists in anarchy. Somalia may not have a state, but they have a society with laws.
Jan 11, 2012
Rank: 5 / 5 (1)
why not. Nobody says that you have to ahve all of it running at the same time. Just like with solar: Overdesigning the capacity by a bit is prudent in case of low wind/sun conditions (which isn't as much of a problem as one might think when your grid is continental size - as all grids are in developed nations.)
Jan 11, 2012
Rank: 1 / 5 (4)
Don't hear much about flexible grids where local solar, local wind, local mini-nuke can stay local.
Jan 11, 2012
Rank: 1 / 5 (4)
"For patients and pharmacists in financially stricken Greece, even finding aspirin has turned into a headache."
"One major cause is the Greek government, which sets prices for medicines. "
http://www.bloomb...-up.html
This is what T advocates.
Jan 11, 2012
Rank: 1 / 5 (4)
"Children are being abandoned on Greece's streets by their poverty-stricken families who cannot afford to look after them any more.
Read more: http://www.dailym...jChyklpG
"
Jan 11, 2012
Rank: 3 / 5 (2)
Jan 11, 2012
Rank: 1 / 5 (4)
Free market innovations that meet our individual self interest will create more efficient energy and enable conservation. How do I know? Because it has been demonstrated.
Jan 11, 2012
Rank: 5 / 5 (2)
You mean by how all auto makers kept making less efficient cars because they are allied with the big oil companies - until the STATES stepped in and made better efficiency mandatory?
Or how they made particle filters mandatory (something that no car maker would ever have done)?
Or how the energy companies are still fighting nail, tooth and claw against any changeover to sustainable energy?
or...
Yeah...right..free markets will create 'efficient' stuff. Not.
Free markets will produce stuff that creates PROFIT most efficiently. If profit maximization can be easier reached by disinformation, buying up of 'dangerous' patents, sweat shops or bribing politicians in order not to pass regulations - then that's what happens...not 'better product'.
Jan 11, 2012
Rank: 1 / 5 (4)
The State didn't allow more efficient cars to be imported.
Why shouldn't they? Central planning fails.
Free markets saved the sperm whales, created efficient kerosene production, created an auto industry with its waste product, gasoline, which cleaned up cities littered with dead horsed and manure.
Free markets replaced kerosene lamps with an electric lamp. No central planning.
Jan 12, 2012
Rank: 3 / 5 (2)
Jan 12, 2012
Rank: 3.7 / 5 (3)
Let me give you a quick primer on how free market capitalism works:
Let's say 10 companies compete fo a certain (mass) market (food, tablet PCs, whatever). All of them are profitable. But the important thing is NOT to make a profit but to make MORE profit than the rivals - because that means in the long run you can buy them up.
Result: Companies need to become more efficient to compete in turning a profit (so far so good). One such measure is to lower wages or put your manufacturing base in countries with low wage standards.
Now, the product needs to be bought by SOMEONE (remember: mass market), which means that the laborers of such companies are ALSO the consumers of that (and all other) companies' products.
Having low wages means that they cannot afford to buy expensive products (e.g. free range chickens vs. factory farmed ones).
(cont.)
Jan 12, 2012
Rank: 3.7 / 5 (3)
So companies cannot go to better QUALITY products (e.g. by including gratuitous particle filters in cars or having all chickens raised free range) - even though that would make a better product.
The better product is not competitive because the ONLY criterium open to low wage by which to choose a product earners is price. Such products can only be niche products for the higher echolons of companies (i.e. not the mass market)
Result: free capitalism leads to shoddy, substandard, products ni which all extraneous concerns (environmental impact, health concerns for consumers, etc. ) are completely omitted due to not being relevant for the point of sale.
Free capitalism works. But only if all consumers have infinite money at their disposal.
Jan 12, 2012
Rank: 1 / 5 (4)
Data supports the failures of central planning.
Why do socialists continue to pursue a system proven to fail? Could it be they know it fails to support liberty and prosperity? Could it be they support socialism for the sake of having the power, the control over billions of people to stroke their egos?
What other motivation could socialists have to support an political system that destroys individuals?
Jan 12, 2012
Rank: 1.3 / 5 (12)
What BS!
Does Apple make a cheap shoddy product? Some fools wait in very long lines to buy the latest. Do they have infinite money?
Economics is ALL about the allocation of scarce, meaning limited, resources. Money must be limited or it has only value of the cost to print it. (Which is what Somalia uses.)
If people what to buy cheap, shoddy products the market will produce them. If people don't want cheap shoddy products, they won't be manufactured.
Factories making cheap, shoddy products relocate to communist states like China because the govt only cares about the revenue, not the costs.
Factories located in cities/states that want their citizens to be safely employed and have a safe environment are safe, clean and efficient.
The ultimate control in a free market is the customer and the investor.
And again, data supports this.
Jan 12, 2012
Rank: 3 / 5 (2)
Jan 12, 2012
Rank: 1 / 5 (4)
No?
Wait, socialists economies around the world are collapsing. Those that followed the advice of those old guys riding horses are doing much better.
I suggest the quality of modern economics education is quite lacking and suffers from the typical socialist elitism that they are smarter than everyone and can, and should, plan everyone's life for them.
Typical 'liberal', reward failure.
Jan 12, 2012
Rank: 3.7 / 5 (3)
Qatar - Islamic monarchy, state owned oil and gas company highest earner
Lichtenstein - European socialist state
Luxembourg - European socialist state
Bermuda - Offshore financial center (This is where companies say they're from to avoid taxes from the places where they actually do business)
Singapore - Offshore financial center, shipping hub, 2nd largest gambling economy (as in casinos), and oil refining center. Among the highest levels of income inequality in the world. Probably closest to "free market capitalism" possible in the modern world.
Jersey - specializes in financial services, territory of Great Britain
Norway - European socialist state
Brunei - Islamic monarchy
United Arab Emirates - federation of Islamic monarchies
Kuwait - Parliamentary system, huge oil reserves
United States - Too socialist for marjon
Andorra - tax haven, European socialist state
Jan 12, 2012
Rank: 3 / 5 (2)
Qatar, Luxembourg, Singapore, Norway, Brunei, Hong Kong (communist!), UAE, US, Switzerland and the Netherlands.
In other words, there are at least as many "socialist states" in the top ten wealthiest nations as there are "free market states," if not more, especially if you count the Islamic monarchies controlling government-owned and operated energy companies.
Jan 12, 2012
Rank: 3.7 / 5 (3)
Isn't it one of the mantras of modern-day conservatism that even the poor now have access to sufficient food and shelter that they don't really run a danger of starving to death or dying of exposure? That certainly wasn't the case 150 years ago, or even 50 years ago in most parts of the world. Seems those PhDs have done a pretty good job. On the other hand, we know what you would rather the whole developed world looked like: Somalia.
Jan 12, 2012
Rank: 2 / 5 (4)
Two wrongs do not make a right, stealing (and that's what I consider it) from the wealthy through taxation to give to the poor through social welfare is wrong. Yes, I care about the poor and starving and I contribute some of my wealth to help that cause in ways of MY choosing. It is not right for the government to increase my taxes just so they can throw money at people in a very disorganized manner that is fraught with corruption. I would probably feel much more inclined to voluntarily contribute my time and wealth to the problem if the government wasn't already reaching into my pocket to do so forcefully on my behalf.
Furthermore, some people deserve to be poor and some deserve to be rich. If I was in control of who and when I helped people I could make sure my contribution went to those who I felt deserved it.
Jan 12, 2012
Rank: 1 / 5 (10)
Socialists depend upon free markets to fund their habit.
Which has nothing to do with socialism and everything to do with free markets, free trade and opportunity.
There are only a few PhD economists that have been accurate. None support socialism.
Jan 12, 2012
Rank: 5 / 5 (2)
Have you ever seen a teardown of the iPad or the IPhone? The components are low quality. The manufacturing is done with child labor. Only the case is high quality. This has been true of Apple computers since, well, forever.
Apple has HUGE profit margins because their product is all hype and no content.
Why do you think people buy clothesy at Woolworth? Because they don't want quality product? No. Because they can't afford to buy anywhere else.
Is it wrong if that wealth was garnered itself through the act of stealing? Or is this not more akin to the act of exacting justice?
Jan 12, 2012
Rank: 1 / 5 (9)
BTW, quality is defined as meeting the needs of the customer at the price the customer wants to pay.
No one forced anyone to buy Rockefeller's quality kerosene at lower market prices than his competitors.
Profit earned in a free market is not theft as competitors have the opportunity to provide a better product and no one is forced to buy.
Only when the govt steps in can plunder begin. Govt plunders taxpayers for companies, like Solyndra, that can steal along with hundreds of other businesses who use the state to use regulations to limit their competitors.
But plunder is the only way a socialist knows.
Jan 12, 2012
Rank: 1 / 5 (9)
http://www.aei.or...-wealth/
How many of you socialists believe that no grades should be given at university? Everyone should pass, no one should fail. Academic merit should not be rewarded, is should be punished.
Jan 13, 2012
Rank: 5 / 5 (1)
The price the costumer CAN pay. If you dump wages to increase profits (as exoplained before) you get people who can't afford better products even if they wanted to pay more fo them.
So if you're saying that capitalism makes the best product for the available market: true
But you were arguing that capitalism will prduce products that are optimal and/or will adjust automatically to global environmental changes then you've just dropped the ball (yet again).
Jan 13, 2012
Rank: 1 / 5 (9)
T, are you still using calculus and physics discovered by a guy who has been dead for over 300 years?
What are optimal? Who decides?
Free markets DO respond to global environmental changes most quickly and efficiently.
Did you hear OJ futures are up because a fungicide was discovered in Brazil OJ? Futures prices send signals to producers and consumers that help them make better decisions to meet the needs of their customers.
Jan 13, 2012
Rank: 1 / 5 (9)
A just released transcript from a 2006 Federal Reserve meeting show they and no clue the housing bubble was bursting.
Yet there were non-socialist economists who predicted the collapse.