Sunday, November 27, 2011

Memo to the Occupy Protesters: Here Are Ten Things That Evil Capitalists Really Believe

From British journalist Daniel Hannan, who has also been a Conservative Member of the European Parliament for South East England since 1999, writing in The Telegraph:

"Chatting to some Occupy protesters this morning, I was struck by how wide of the mark were the beliefs they attributed to me as a Right-winger. In the interests of deeper understanding, here are ten things which – trust me – most of the Tory scum I hang around with think. Obviously, I don’t expect to turn my Leftie readers in a single post; still, they might get a clearer idea of what we actually believe.

Here's a sample:

1.  Free-marketeers resent the bank bailouts.

 2. What has happened since 2008 is not capitalism

 3. If you want the rich to pay more, create a flatter and simpler tax system.

 4. Those of us who believe in small government are not motivated by the desire to make the rich richer.

 5. We are not against equality. Our objection is that the policies required to enforce it involve a disproportionate loss of liberty and prosperity.


HT: Pete Friedlander

24 Comments:

At 11/27/2011 10:11 AM, Blogger Hydra said...

As far as I can tell, the main thing owe protesters wasn't is to reinstate glass- steagal, get the money out of politics, and end insider trading by members of government.

They would also like to see some people held accountable for fraudulent activities that were part of the financial meltdown.

Hardly sounds revolutionary to me.

 
At 11/27/2011 10:33 AM, Blogger juandos said...

"They would also like to see some people held accountable for fraudulent activities that were part of the financial meltdown"...

BS! Either the occupy clowns weren't smart enough to understand where the problems originated or they were being the supremely hypocritical leftists as usual...

These occupy clowns should've been marching on these Democrats instead...

 
At 11/27/2011 11:40 AM, Blogger Buddy R Pacifico said...

Juandos, your "these Democrats" link is excellent.

 
At 11/27/2011 1:15 PM, Blogger PeakTrader said...

Hydra, I think, they want to occupy better houses, autos, wives, etc. than they have.

 
At 11/27/2011 3:41 PM, Blogger rjs said...

http://blog.mises.org/19494/naomi-wolf-on-occupy-wall-street/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MisesBlog+%28Mises+Economics+Blog%29

 
At 11/27/2011 3:44 PM, Blogger juandos said...

Gee! How come the whining occupiers wanting more aren't whining about what's killing their jobs and wages like excessive regulations for instance?

BTW thank Buddy...

 
At 11/27/2011 7:08 PM, Blogger rev_bayes said...

Care to expand on #2?

 
At 11/27/2011 7:36 PM, Blogger Mark J. Perry said...

See full article for more info on #2.

 
At 11/27/2011 10:09 PM, Blogger Hydra said...

Are You tellingme that you are in favor of government insider trading?

 
At 11/27/2011 10:20 PM, Blogger Hydra said...

Juandos: are you suggesting that no one was criminally responsible for the financial meltdown?

Given That at least some people
Have responsibility are you suggesting that owe is wrong in calling for accountability?

 
At 11/27/2011 10:27 PM, Blogger Hydra said...

These Democrats instead.

Juandos. You assume the owe are Democrats, intracellular o people fed up with both sides.

 
At 11/27/2011 10:28 PM, Blogger Hydra said...

Sorry android is out of control.

 
At 11/28/2011 4:14 AM, Blogger juandos said...

"Juandos: are you suggesting that no one was criminally responsible for the financial meltdown?"...

Well now that you bring it up hydra I think Jimmy 'peanuts for brains' Carter and everyone else involved in the original CRA legislation are criminally responsible...

I think 'slick willie' and everyone who had a hand in giving the original CRA extra teeth should also be held criminally responsible too...

"You assume the owe are Democrats..."...

That's an assumption of your making hydra, I only pointed out who the elected criminals are that foisted this who criminal enterprise onto the American taxpayer...

In the real world would their actions RICO investigation at the very least...

 
At 11/28/2011 11:56 AM, Blogger Hydra said...

Wasn't the CRA legislation enacted by CONGRESS?

Why slap the blame on so few people?

 
At 11/28/2011 12:03 PM, Blogger Hydra said...

"In my estimation two critical and related factors created the current crisis. First, profligate lending which allowed many people to buy overpriced properties that they could not, in reality, afford. Second, the existence of excessive land use regulation which helped drive prices up in many of the most impacted markets.

Profligate lending all by itself would not likely have produced the financial crisis. It took a toxic connection with excessive land-use regulation. In some metropolitan markets, land use restrictions, such as urban growth boundaries, building moratoria and large areas made off-limits to development propelled house prices to unprecedented levels, leading to severely higher mortgage exposures. "


Root Causes of the Financial Crisis: A Primer

http://www.newgeography.com/content/00369-root-causes-financial-crisis-a-primer

 
At 11/28/2011 3:31 PM, Blogger Jet Beagle said...

Hydra: "As far as I can tell, the main thing owe protesters wasn't is to reinstate glass- steagal"

Are you kidding me?

demands listed at occupywallst.org:

- $20 an hour minimum wage

- free college education

- One trillion dollars for ecological restoration (forest replanting, decommisioning nuclear power plants, reestablishing wetlands)

- debt fogiveness of home mortgages, student loans, credit card balances

- universal single payer healthcare

I don't think those demands have anything to do with Glass-Steagall.

 
At 11/28/2011 3:31 PM, Blogger Jet Beagle said...

Hydra: "As far as I can tell, the main thing owe protesters wasn't is to reinstate glass- steagal"

Are you kidding me?

demands listed at occupywallst.org:

- $20 an hour minimum wage

- free college education

- One trillion dollars for ecological restoration (forest replanting, decommisioning nuclear power plants, reestablishing wetlands)

- debt fogiveness of home mortgages, student loans, credit card balances

- universal single payer healthcare

I don't think those demands have anything to do with Glass-Steagall.

 
At 11/28/2011 3:46 PM, Blogger Ron H. said...

"Root Causes of the Financial Crisis: A Primer "

Interesting article, thanks.

For a more comprehensive analysis. see here.

 
At 11/28/2011 3:53 PM, Blogger Jet Beagle said...

Hydra: "the main thing owe protesters wasn't is to reinstate glass- steagal, get the money out of politics, and end insider trading by members of government."

Oh yeah? David Maris published in Forbes the results of a random sampling of OWS participants:

93% agree student loans should be forgiven

98% believe health care should be free

88% believe CEO pay should be controlled by the government

95% believe drug prices should be controlled

93% believe free internet and cell phone services should be a national goal

98% agree insurance company profits should be confiscated to pay for health care for others



I think they've got a little more on their minds than just Glass-Steagall.

 
At 11/28/2011 4:14 PM, Blogger Jet Beagle said...

In the Declaration of the Occupation of New York City, the members of OWS included these grievances against the corporations of America:


They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation.

They have poisoned the food supply through negligence, and undermined the farming system through monopolization.

They have profited off of the torture, confinement, and cruel treatment of countless animals, and actively hide these practices.

They have continuously sought to strip employees of the right to negotiate for better pay and safer working conditions.

They have held students hostage with tens of thousands of dollars of debt on education, which is itself a human right.

They have consistently outsourced labor and used that outsourcing as leverage to cut workers’ healthcare and pay.

They continue to block alternate forms of energy to keep us dependent on oil.

They have deliberately declined to recall faulty products endangering lives in pursuit of profit.


Hydra, I think the OWS movement is about more than just Glass-Steagall and campaign finance.

 
At 11/28/2011 10:20 PM, Blogger juandos said...

"Wasn't the CRA legislation enacted by CONGRESS?

Why slap the blame on so few people
"....

Well gee hydra if you did a little homework you'd it was a relative few that started this criminal enterprise...

 
At 11/29/2011 10:55 AM, Blogger Hydra said...

4. Those of us who believe in small government are not motivated by the desire to make the rich richer.


================================

Who cares what the motivation is?

If we get a samllwer government, what will be the result?

There may be many results of which tht rich getting richer might be the least important.

 
At 11/29/2011 10:58 AM, Blogger Hydra said...

OK lets say that CRA enabled a lot of bad activity.


What excuse is that for all the OTHER bad activity that followed?

 
At 11/30/2011 4:05 AM, Blogger juandos said...

"OK lets say that CRA enabled a lot of bad activity.

What excuse is that for all the OTHER bad activity that followed?
"...

I'm suppose to spoon feed you your grip on reality?!?!

Do some homework...

 

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