Daily Topics - Friday June 4th 2010

Daily Topics - Friday June 4th 2010

Thom is "live" from the United Nations...in NYC

Senator Bernie Sanders is here "Brunch with Bernie" http//sanders.senate.gov

Comments

gerald's picture
gerald 4 years 45 weeks ago
#1

Monsanto is a terrorist corporation.

RandyWinn's picture
RandyWinn 4 years 45 weeks ago
#2

C4ss and Libertarianism in general have a small problem and a big problem.

The small problem is that they really aren't very good at economics. C4ss says that in a real stateless world, BP would not cause more damage than it could clean up because insurers and/or the threat of lawsuits would deter them. But this is simply false; it is economically rational to gamble more than you can afford to pay if you lose, if the potential payout is sufficient ... and "sufficient" has no relationship to the potential losses of your victims.

Hypothetical: you have zero net assets (real assets vs. debt) PLUS the opportunity to do X (what "X" may be doesn't matter; it could be flipping a coin or it could be drilling a well) which has a 50% chance of yielding you $1 Gazillion dollars, and a 50% chance of inflicting $2 Gazzillion of damage on your neighbors for which you would be liable. Do you take the chance?

Of course you do. If you lose the bet, you lose nothing because you can't pay off. The company folds, the executives go elsewhere. But if you win ah! you are fantastically wealthy.

Whenever I ask Libertarians about this hypothetical, they sputter something about how executives would never do that because it'd look bad on their resume. Apparantly they never heard of Carly Fiorina running HP into the ground and emergin' enough cred to run for Senator.

That's the small problem. The big problem is that humans don't follow *only* the laws of economics; there's a lot more going on. Running a society on Libertarianism is like running a car on gasoline but not lubricating it..

chuckle8's picture
chuckle8 4 years 45 weeks ago
#3

What is the difference between the economics of Libertarianism and laissez faire capitalism?

Thom has stated over and over, laissez faire capitalism has never worked.

chuckle8's picture
chuckle8 4 years 45 weeks ago
#4

What is the difference between the economics of Libertarianism and laissez faire capitalism?

Thom has stated over and over, laissez faire capitalism has never worked.

I always prefer the empirical over the theoretical (aka imaginary).

Galileo over Aristotle.

harry ashburn 4 years 45 weeks ago
#5

"You think this is hell..wait'll the Devil comes along in his speedboat!"

The War on Drugs is a War on Americans

The War on Drugs isn’t a war on drugs; it’s a war on people, and this weekend it claimed its latest victim.

On Sunday morning, exactly one week after an encounter with police left him with 80 percent of his spine severed at his neck, Baltimore resident Freddie Gray died at a local hospital. He was just 27 years old.

From Screwed:
"I think many of us recognize that for all but the wealthiest, life in America is getting increasingly hard. Screwed explores why, showing how this is no accidental process, but rather the product of conscious political choices, choices we can change with enough courage and commitment. Like all of Thom’s great work, it helps show us the way forward."
Paul Loeb, author of Soul of a Citizen and The Impossible Will Take a Little While
From Screwed:
"If we are going to live in a Democracy, we need to have a healthy middle class. Thom Hartmann shows us how the ‘cons’ have wronged this country, and tells us what needs to be done to reclaim what it is to be American."
Eric Utne, Founder, Utne magazine
From Cracking the Code:
"Thom Hartmann ought to be bronzed. His new book sets off from the same high plane as the last and offers explicit tools and how-to advice that will allow you to see, hear, and feel propaganda when it's directed at you and use the same techniques to refute it. His book would make a deaf-mute a better communicator. I want him on my reading table every day, and if you try one of his books, so will you."
Peter Coyote, actor and author of Sleeping Where I Fall