USA Trump Unleashes Tirade Against Zohran Mamdani After Shocking NYC Mayoral Primary Victory

[WDSmart]

33 minutes ago, Yagoda said:

1 hour ago, WDSmart said:

Zohran Mamdani is a socialist, just like me! 💗

Just like V. M. Blokhin too.

I had to look this guy up online. Blokhin lived in the Soviet Union and was an executioner there during the 1920s. I saw no references to his preferences for economies. 

[WDSmart]

34 minutes ago, Yagoda said:

And it's always preceded by mass murder. Glad to see that you've outed yourself as willing to pull the trigger.

 

For the goal. 

I don't understand why you're saying this. Socialism is an economic system in which everyone contributes as best they can, and the state then provides for the needs of each citizen as best as it can. It has nothing to do with killing people.

[Yagoda]

1 minute ago, WDSmart said:

I had to look this guy up online. Blokhin lived in the Soviet Union and was an executioner there during the 1920s. I saw no references to his preferences for economies. 

Got it. Socialism is just economics. Peace love and flowers as opposed to bullets and gas chambers. 

 

 

[Yagoda]

Just now, WDSmart said:

Socialism is an economic system in which everyone contributes as best they can, and the state then provides for the needs of each citizen as best as it can.

Got it. Works well in real life. History shows us.

 

 

[WDSmart]

30 minutes ago, TedG said:

Keynesian is not socialist.   

Keynesian economics is not pure socialism, but does allow socialist aspects.

[WDSmart]

3 minutes ago, Yagoda said:

Got it. Socialism is just economics. Peace love and flowers as opposed to bullets and gas chambers. 

 

 

Yes! Absolutely. Things like gas chambers and executions are actions of the government, not the economy. 

[DezLez]

53 minutes ago, DD86 said:

All the nay sayers on your post have no clue at all.

Do you?

If so please explain!

[TedG]

10 minutes ago, WDSmart said:

Keynesian economics is not pure socialism, but does allow socialist aspects.

Keynesian economics is a theory of economics developed by John Maynard Keynes during the 1930s, especially in response to the Great Depression. It emphasizes the role of government spending and demand in influencing economic activity.

 

 

Core Ideas of Keynesian Economics:

 

 

Demand Drives the Economy:

Economic output is primarily determined by aggregate demand (the total spending in the economy).

If demand falls, businesses produce less, hire fewer workers, and the economy contracts.

 

Government Should Intervene:

In a recession, private demand may not be enough to keep the economy at full employment.

Government spending (fiscal policy) can help make up for this shortfall and boost demand.

This could include building infrastructure, giving out stimulus checks, or increasing public services.

 

“Multiplier Effect”:

Government spending doesn’t just affect the economy once—it has a multiplier effect, where one person’s spending becomes someone else’s income, which they then spend, and so on.

 

Deficits Are Okay During Recessions:

Governments should run deficits (spend more than they collect in taxes) during downturns to support demand.

In boom times, they can cut back and reduce debt.

 

Sticky Wages and Prices:

Wages and prices don’t adjust quickly in the real world.

So markets can remain out of balance (like high unemployment) unless there’s active intervention.

 

 

 

 

Contrast with Classical Economics:

 

 

Classical theory assumes markets always clear (supply = demand) and economies self-correct.

Keynes argued this doesn’t happen quickly, especially during deep recessions.

 

 

 

Real-World Example:

 

 

During the 2008 financial crisis, many governments adopted Keynesian-style policies—like stimulus packages and bailouts—to prevent economic collapse.

 

 

 

Would you like to see a simple chart or example to illustrate how Keynesian spending works in practice?

[TedG]

13 minutes ago, WDSmart said:

Keynesian economics is not pure socialism, but does allow socialist aspects.

BTW, Socialism always fails. 

[WDSmart]

6 minutes ago, TedG said:

Keynesian economics is a theory of economics developed by John Maynard Keynes during the 1930s, especially in response to the Great Depression. It emphasizes the role of government spending and demand in influencing economic activity.

 

 

Core Ideas of Keynesian Economics:

 

 

Demand Drives the Economy:

Economic output is primarily determined by aggregate demand (the total spending in the economy).

If demand falls, businesses produce less, hire fewer workers, and the economy contracts.

 

Government Should Intervene:

In a recession, private demand may not be enough to keep the economy at full employment.

Government spending (fiscal policy) can help make up for this shortfall and boost demand.

This could include building infrastructure, giving out stimulus checks, or increasing public services.

 

“Multiplier Effect”:

Government spending doesn’t just affect the economy once—it has a multiplier effect, where one person’s spending becomes someone else’s income, which they then spend, and so on.

 

Deficits Are Okay During Recessions:

Governments should run deficits (spend more than they collect in taxes) during downturns to support demand.

In boom times, they can cut back and reduce debt.

 

Sticky Wages and Prices:

Wages and prices don’t adjust quickly in the real world.

So markets can remain out of balance (like high unemployment) unless there’s active intervention.

 

 

 

 

Contrast with Classical Economics:

 

 

Classical theory assumes markets always clear (supply = demand) and economies self-correct.

Keynes argued this doesn’t happen quickly, especially during deep recessions.

 

 

 

Real-World Example:

 

 

During the 2008 financial crisis, many governments adopted Keynesian-style policies—like stimulus packages and bailouts—to prevent economic collapse.

 

 

 

Would you like to see a simple chart or example to illustrate how Keynesian spending works in practice?

Looks like our difference of opinion also occurs online... 
Keynes and the Ethics of Socialism | Mises Institute

[TedG]

Just now, WDSmart said:

Looks like our difference of opinion also occurs online... 

Keynes and the Ethics of Socialism | Mises Institute 

  Keynesian is not socialism.   Socialism is when the government owns the means of production, and socialism always fails. 

[WDSmart]

6 minutes ago, TedG said:

BTW, Socialism always fails. 

It's a goal. 

[TedG]

Just now, WDSmart said:

It's a goal. 

A goal to fail.  

[Yagoda]

21 minutes ago, WDSmart said:

Keynesian economics is not pure socialism, but does allow socialist aspects.

You dont know the difference between Socialism and Social Democracy do you?

[Yagoda]

2 minutes ago, WDSmart said:

It's a goal. 

With folks like you ready to pull the trigger on those who dont see it as a goal. Thats the scary part here, the number of folks who would happily line other folks up.

[Yagoda]

23 minutes ago, WDSmart said:

Yes! Absolutely. Things like gas chambers and executions are actions of the government, not the economy. 

Go read some books and come back to the adult table later, thats possibly the stupidest thing I have seen ever.

 

If you got a college degree, ask for a refund.

[Chomper Higgot]

25 minutes ago, TedG said:

BTW, Socialism always fails. 

Socialism always picks up the bill when capitalism fails.

 

Privitized profits socialized consequences.

 

The last banking crisis being a perfect example.

[Chomper Higgot]

14 minutes ago, Yagoda said:

Go read some books and come back to the adult table later, thats possibly the stupidest thing I have seen ever.

 

If you got a college degree, ask for a refund.

That rich given the source.

[Yagoda]

12 minutes ago, Chomper Higgot said:

That rich given the source.

Well you are a Socialist lover yourself, so.

 

 

[Yagoda]

15 minutes ago, Chomper Higgot said:

The last banking crisis being a perfect example.

Example of what? Governments abandoning free markets?  

[TedG]

9 hours ago, Chomper Higgot said:

Socialism always picks up the bill when capitalism fails.

 

Privitized profits socialized consequences.

 

The last banking crisis being a perfect example.

That's not socialism.   Do you people not understand the meaning of the term? 

[WDSmart]

14 hours ago, TedG said:

  Keynesian is not socialism.   Socialism is when the government owns the means of production, and socialism always fails. 

Keynesian economics is not pure socialism. It's a mix of capitalism and socialism. Although in pure socialism, the means of production are controlled by the government, socialism is also characterized by citizens' needs being fulfilled by the government through public funds. Almost everything that is deserved using the term "public" is an aspect of socialism, such as public streets, public parks, public hospitals,  public schools, etc. This is opposed to capitalism, where there are private streets, private parks, private hospitals, private schools, etc. 

The USA, the UK, and most Western countries have a Keynesian economy with different ratios of capitalism and socialism. 

[WDSmart]

14 hours ago, Yagoda said:

You dont know the difference between Socialism and Social Democracy do you?

Yes, I do.

"Socialism" is an economic system in which all contribute to the economy to the best of their ability, and the government provides for the needs of each citizen to the best of its ability.
 

"Social Democracy" has many definitions online, but my definition is a socialist economy under a democratic government. A definition I found online is "social democracy, political ideology that originally advocated a peaceful evolutionary transition of society from capitalism to socialism using established political processes." - Encyclopedia Britannica 

[WDSmart]

14 hours ago, Yagoda said:

With folks like you ready to pull the trigger on those who dont see it as a goal. Thats the scary part here, the number of folks who would happily line other folks up.

I don't know why you continue to imply that the left is the violent faction, when it's obvious to everyone that the extreme right is the violent faction. 

[WDSmart]

14 hours ago, Yagoda said:

If you got a college degree, ask for a refund.

If I did that, I'd need to get three refunds: two for bachelor's degrees and one for a master's degree. 

[TedG]

22 minutes ago, WDSmart said:

Keynesian economics is not pure socialism. It's a mix of capitalism and socialism. Although in pure socialism, the means of production are controlled by the government, socialism is also characterized by citizens' needs being fulfilled by the government through public funds. Almost everything that is deserved using the term "public" is an aspect of socialism, such as public streets, public parks, public hospitals,  public schools, etc. This is opposed to capitalism, where there are private streets, private parks, private hospitals, private schools, etc. 

The USA, the UK, and most Western countries have a Keynesian economy with different ratios of capitalism and socialism. 

Deficit spending is not socialist. 

[WDSmart]

5 minutes ago, TedG said:

Deficit spending is not socialist. 

Deficit spending can be employed in a socialist economy, but, like all economies, it would not be recommended, especially for an extended period.

Social programs in a partially capitalistic economy, such as the one in the USA, are not necessarily deficit spending unless that spending exceeds the total revenue of the state, which in a capitalistic economy typically comes from taxes.

[Yagoda]

2 hours ago, WDSmart said:

If I did that, I'd need to get three refunds: two for bachelor's degrees and one for a master's degree. 

You got ripped off

[Chomper Higgot]

19 hours ago, Yagoda said:

Example of what? Governments abandoning free markets?  

Yes, Governments did abandon free markets.

 

Adherence to free markets would have required letting banks fail and the economy collapse (re-adjust) without intervention from central banks.

 

[Chomper Higgot]

19 hours ago, Yagoda said:

Well you are a Socialist lover yourself, so.

 

 

Thank you, I appreciate you recognizing my finer qualities.