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Post by Deleted on Jun 3, 2016 5:01:13 GMT -6
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Post by oldpop2000 on Jun 3, 2016 7:51:17 GMT -6
It was an interesting piece, I am going to read it again. However, the primary reason for the problems in Germany after the World War were related to the Treaty of Versailles and its oppressive reparations and other hard measures. The reparations were very outlandish and were designed to curb the German economy so it would never recover to be a threat to France. Thanks to Clemenceau and Lloyd George. Unfortunately, Wilson was an idealist and left Paris briefly which allowed his trusted aid Colonel House to continue the negotiations. House essentially went along with the two European leaders, selling Germany down road. When Wilson returned, he caught the influenza and had encephalitis. This changed his mind, and he became less idealist and went along with the two other leaders who were old school. This essentially set the stage for the problems of the Interwar Period along with lack of financial controls by the governments. The 18,000,000 deaths in WW1 did not help the situation. There were other issues such as the failure of the European nations to recognize Asian equality as suggested by the Japanese. This led directly to the Pacific war. All in all, I can't go along with his ideas, the two periods are not similar except for the Financial Crisis of 2007. It did resemble the collapse in 1929. They both stemmed from the same issues: lack of government financial controls. Roosevelt managed to pass the financial control bills to begin to rein in the financial institutions: the Glass-Steeley act. This was overridden by the Clinton administration and the controls came off; result was the Financial Collapse of 2007. As you are aware, we have to be careful with historical analogies. The situation in the 1920's and now are not the same. There is far more globalization now, than in that era. We have not had a major conflict in seventy years. Could a war like WW1 occur again, hard to believe it could. But we must be diligent in our efforts to use peaceful methods of dealing with geopolitical problems. |
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Post by Deleted on Jun 3, 2016 21:23:26 GMT -6
It was somehow referring trump to hitler so that's that.....
According to Marxist theories, capitalist market crashes are an unavoidable recurring phenomenon. I think so far, this point of it has been correct.
I agree it is indeed exaggerating but surely it's a campaign jab. while i think equality and tradition changing problems 1930 vs 2016 is interesting... history tends to repeat itself.
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Post by oldpop2000 on Jun 4, 2016 9:04:33 GMT -6
It was somehow referring trump to hitler so that's that..... According to Marxist theories, capitalist market crashes are an unavoidable recurring phenomenon. I think so far, this point of it has been correct. I agree it is indeed exaggerating but surely it's a campaign jab. while i think equality and tradition changing problems 1930 vs 2016 is interesting... history tends to repeat itself. I don't know about the Trump idea... possibly As far as the capitalist market crashes, Adam Smith probably realized this feature of capitalism, I know Alexander Hamilton did, that's why he created the first Federal Reserve Bank that Andy Jackson eliminated. With a central bank and controls on banking and investment, Capitalism works fine. It's when the free marketer's like Alan Greenspan and others decided that markets should be freewheeling that trouble begins. It happened in about 1889, 1905, 1929 and the depression era, along with numerous times since then. You can't leave these investors and investment firms to run on their own, they are greedy like all humans are and are looking out for themselves. So, Marx did not really tell us anything that an economist didn't already know. I do agree that history does repeat itself but the conditions for the depression are not necessarily the same. If you are interested in watching an interesting program, find "Between the Wars" on YouTube. It was aired in the late 70's with Eric Savareid as the commentator. Each episode is about 25 minutes in length. It is great to watch and the downloads are free. |
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Post by Deleted on Jun 5, 2016 6:58:05 GMT -6
ah yes.. i think what i find me and some other ppl disagree on is are market crashes accidental/situational or inevitable. i'm in the firm belief that they are always inevitable, no matter how or in what form they're addressed by state control - although their severity and onset can be somewhat mitigated. and as individuals the best course is to avoid unnecessary risks.
apparently there are others as i only recently found out, that consider the crashes are circumstantial and if certain things are done properly it wouldn't happen. previously, i assumed that everyone knew it was bound to happen.
but i guess in the end these largely remain theories:| Like could i know if the housing bubble or tech bubble is about to burst? not likely at all. and even if i did i probably wouldn't tell others.
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Post by oldpop2000 on Jun 5, 2016 7:49:50 GMT -6
ah yes.. i think what i find me and some other ppl disagree on is are market crashes accidental/situational or inevitable. i'm in the firm belief that they are always inevitable, no matter how or in what form they're addressed by state control - although their severity and onset can be somewhat mitigated. and as individuals the best course is to avoid unnecessary risks. apparently there are others as i only recently found out, that consider the crashes are circumstantial and if certain things are done properly it wouldn't happen. previously, i assumed that everyone knew it was bound to happen. but i guess in the end these largely remain theories:| Like could i know if the housing bubble or tech bubble is about to burst? not likely at all. and even if i did i probably wouldn't tell others. Here is an interesting article that is circa 2011 but does go into why bubbles are a human invention. www.wired.com/2011/06/can-we-prevent-the-next-bubble/Why don't you read it and let's discuss this, I am enjoying swapping ideas about this subject. |
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Post by Deleted on Jun 5, 2016 9:04:56 GMT -6
samo! finished the wired piece. been meaning to check out the series you refered and wanted to know more about the 50-60 ike period. i'll get back.
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Post by oldpop2000 on Jun 5, 2016 9:32:30 GMT -6
samo! finished the wired piece. been meaning to check out the series you refered and wanted to know more about the 50-60 ike period. i'll get back. Great. When you are ready, let's have a nice, non-political discussion about this. Here is an article on the 1950's and economics - www.shmoop.com/1950s/economy.htmlI am going to read it today. |
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