bobevenson wrote:Blaggard wrote:bobevenson wrote:Actually, there's no justice anywhere, but it is a theoretical possibility based on the concepts of the American Energy Party (AEP).
Well go start a party then and stop cluttering up this forum with your anti socialist rants.

You just hit on the key concept, my friend:
Anti-socialism!!!
Yeah I am not fond of socialism particularly Marxism and all that anarchist left wing guff believe it or not, nor am I that partial to Libertarianism or far right schools such as those that preach capitalism like it is some God and banks are the temples where we go to pray to the mighty mana from heaven: currency. Which happens more than you think in Europe and actually has its own school...
http://en.wikipedia.org/wiki/Austrian_School
...[]Many economists are critical of the current-day Austrian School and consider its rejection of econometrics, and aggregate macroeconomic analysis to be outside of mainstream economic theory, or "heterodox."[7][8][9][10] Austrians are likewise critical of mainstream economics.[11] Although the Austrian School has been considered heterodox since the late 1930s, it began to attract renewed academic and public interest starting in the 1970s.[12]...[]
...[]Fundamental tenets
Fritz Machlup listed the typical views of Austrian economic thinking.[25]
(1) Methodological Individualism: In the explanation of economic phenomena we have to go back to the actions (or inaction) of individuals; groups or "collectives" cannot act except through the actions of individual members.
(2) Methodological Subjectivism: In the explanation of economic phenomena we have to go back to judgments and choices made by individuals on the basis of whatever knowledge they have or believe to have and whatever expectations they entertain regarding external developments and especially the consequences of their own intended actions.
(3) Tastes and Preferences: Subjective valuations of goods and services determine the demand for them so that their prices are influenced by (actual and potential) consumers.
(4) Opportunity Costs: The costs with which producers and other economic actors calculate reflect the alternative opportunities that must be foregone; as productive services are employed for one purpose, all alternative uses have to be sacrificed.
(5) Marginalism: In all economic designs, the values, costs, revenues, productivity, etc., are determined by the significance of the last unit added to or subtracted from the total.
(6) Time Structure of Production and Consumption: Decisions to save reflect "time preferences" regarding consumption in the immediate, distant, or indefinite future, and investments are made in view of larger outputs expected to be obtained if more time-taking production processes are undertaken.
Two important tenets held by the Misesian branch of Austrian economics may also be added to the list:
(7) Consumer Sovereignty: The influence consumers have on the effective demand for goods and services and, through the prices which result in free competitive markets, on the production plans of producers and investors, is not merely a hard fact but also an important objective, attainable only by complete avoidance of governmental interference with the markets and of restrictions on the freedom of sellers and buyers to follow their own judgment regarding quantities, qualities, and prices of products and services.
(8) Political Individualism: Only when individuals are given full economic freedom will it be possible to secure political and moral freedom. Restrictions on economic freedom lead, sooner or later, to an extension of the coercive activities of the state into the political domain, undermining and eventually destroying the essential individual liberties which the capitalistic societies were able to attain in the nineteenth century.
It's antithesis I think is claimed by industrialists who basically see the Vienna school as a bit mental.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
"It is not the employer who pays the wages. Employers only handle the money. It is the customer who pays the wages."
"Wealth, like happiness, is never attained when sought after directly. It comes as a by-product of providing a useful service."
"A market is never saturated with a good product, but it is very quickly saturated with a bad one."
Henry Ford
Smart man, probably why he got so rich off the automobile industry.
"In this conflict I would rather have the South behind me and the banks in front of me."
Abraham Lincoln.
It always pays to know thine enemy Sun Tzu would of been proud of such insight.
"Keep your friends close, your enemies closer."
Sun Tzu: The Art of War.
Incidentally I am not anti-Marxism per se, but I don't think the idealism is realistic given human social development, and is although well meaning somewhat idealistic. The closest to a Marxist system that has ever been instigated though is the Cuban system, and I am not sure it was even close... Carl Marx would of probably rolled in his grave if he saw the Soviet so called communism.
