Why do socialists go broke?

[conception_native_0123]

After all, we are capitalists and we are still broke aren't we?

 

[The_Doc_Man]

This is too complex for me to explain in depth. Try looking at the works of economist Herbert Maslow, who is best known for the pyramid of motivation. The short answer to your question is that socialism, taken to the extreme, blocks progress in ascending the pyramid to the point that you CAN be charitable to others and still feel good about it.

And we are broke because we let a bunch of blood-sucking socialists pass legislation creating The Great Society that contained SO much welfare that people no longer had the incentive to go out and work. When you take away people's motivation to work, you take away the motivation from workers as well. because they are now carrying non-family members on their backs.

But the REAL reason we are broke is because we forgot Thomas Jefferson's admonition - the government that governs least governs best. If we had small government, we would not have a gazillion civil servants - not only to pay now but also to pay later in their government pensions.

 

[conception_native_0123]

the government that governs least governs best

I suppose I agree with you doc man. I will take a look

 

[conception_native_0123]

Hey richard, is Maslow's hierarchy connected to any sort of conservative leadership in America's history?

Maslow's hierarchy of needs - Wikipedia

en.m.wikipedia.org

 

[Cronk]

Try looking at the works of economist Herbert Maslow,

Um, Abraham Harold Maslow

 

[The_Doc_Man]

I ALWAYS get his name wrong. Sorry, A.H.M. - my old brain learned it the wrong way and like any true Cajun, before you teach me what is right, you've got to unlearn me what was wrong.

 

[conception_native_0123]

before you teach me what is right, you've got to unlearn me what was wrong

true dat!

 

[Isaac]

Interesting how Maslow's work seems to be considered fundamental doctrine by both Economists and Psychologist.

This thread made me go, "Wait - was he primarily a psychologist or economist?" - and I guess the A. is psychologist, although I can see the economic experts also rely heavily on the conclusions he made, which is interesting food for thought

 

[Jon]

Economics is the outcome of human behaviour. I remember studying Macro and Micro economics. It was a very long time ago and I was only average at the subject. But I assume Micro economics might have been the psychology of the individuals behaviour and the impact on markets. I can't be bothered to Google it because its hot in the UK for once and I'm feeling super lazy!

 

[Isaac]

Economics is the outcome of human behaviour.

Quite true. One need only begin trading stocks to immediately feel the weight of psychological emotionalism's impact on the subject, and fast!

I remember studying Macro and Micro economics. It was a very long time ago and I was only average at the subject. But I assume Micro economics might have been the psychology of the individuals behaviour and the impact on markets.

I studied economics courses at a community college; unfortunately, the instructor, she was very easy on the eyes, which probably distracted me from the serious subject at hand! And I only remember "supply and demand".

Enjoy the warmth if you can, just visited my folks in the northern US and it was cool. The morning I arrived (Friday) there was a very tiny amount of snow still on one portion of their yard. However, the day before I left (Monday), I had to mow the grass ...... Very odd feeling.

 

[Jon]

We get very little steady blue sky and sun in the UK. It is all so variable. This mini heatwave is welcome.