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Re: Obamanation 

By: oldCADuser in FFFT | Recommend this post (4)
Sat, 02 Nov 13 10:17 PM | 44 view(s)
Boardmark this board | Food For Further Thought 		Msg. 57317 of 65535
(This msg. is a reply to 57313 by keystone)
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My question of course was rhetorical, but your response was very appropriate and appreciated. And while I too had economics in college, it was of course an engineering school, so when we took our deep dives it was into such things as the 'future value of money', 'economic lot size' and 'return on investment' calculations.

And while it is true that my wife and I are now living a definite upper-middle class lifestyle, we both came from much lower economic levels, particularly my wife. But we used our work ethic and educational opportunities to break-out of that past environment and have lived a modest but comfortable life ever since raising a family (3 boys) in whom we instilled those same work ethic values and who we helped, when they asked, with their educations, and it has paid off in more ways than one. That being said, we are seeing how it is much harder for them to gain the same levels of economic security that we've achieved and so they are being hit by much of what is passing as the 'new capitalism' in America and it could be their children who will ultimately pay the real price for all of this.

And this is why we too vote Democratic despite both of us being raised in households where voting Republican was just an assumed norm.




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Re: Obamanation
By: keystone in FFFT
Sat, 02 Nov 13 8:52 PM 		Msg. 57313 of 65535

Good Afternoon OCU!

The Wealth of Nations has had a better run than Das Kapital. Adam Smith worked for a living. Marx mooched off Engels.

Who is to account for these ornery socialist Jews from London anyway?
Sadly in Economics 101 they made us read Smith and Marx and Samuelson.
Far too much for an 18 year old to process in one semester.
I do know that since Deng a billion people in Asia are entering the middle class. And blogging about freedom and the rights of man. Capitalism and democracy work well together, so far.

From Marx they institutionalized squalor and totalitarianism.

Who knows how human capital will be utilized into the future? And who knows how free people will decide democratically how to help those among us living in need and distress?

Today in a system that no longer shares the bounty of abundance equitably within the population, we are going to an ever more stratified place; sure to be unfriendly.


Later on in college I was exposed to John Stuart Mill and found the utilitarian idea of "the maximum good for the most people" to be a seemingly obvious standard of conduct for a civilized man.

The hungry should be fed. The homeless sheltered.
The sick tended to.

Government most responsive to the needs of the general population works best and endures.

I hope that the human capacity for ever more efficient production will ultimately enhance the quality of life for the entire human race. Adam Smith and I agree on that.

That of course is utopian, unless proven otherwise.

Between utopian, Unitarian, and utilitarian I dropped all pretense about knowing what was going on.

Which is why I vote Democratic.

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