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Donotunderstand

10/05/20 12:01 PM

#635524 RE: Robert from yahoo bd #635503

Did not see the entire conversation

But while I love Capitalism and its freedom and wealth creation - I have not doubt we need Social Security and Medicaid and Free (tax based and pooled !) k-12 education (now likely k-14) and common roads and bridges and self defense

I feel confident - right or wrong - that pure capitalism where 99% of the wealth and wages would move to 1% (v 40% or so now) (it is inherent that wages get pushed to the very lowest possible !) -- would prove Karl Marx 100% correct ---- a revolution of the masses would overthrow the GOV

Marx showed how the prior 4-5 economic structures (e.g. mercantalism) all were too rigid and at some point BROKE

he said capitalism is too rigid and will break

We - with adding things like the above and a progressive tax etc. - found a good spot in the middle - to use GWB language a compassionate conservative
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mrfence

10/05/20 6:32 PM

#635599 RE: Robert from yahoo bd #635503

Yah mean like da great depression and da stock market crash of 1929???
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mrfence

10/05/20 6:57 PM

#635604 RE: Robert from yahoo bd #635503

Or the roaring Twenties?
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mrfence

10/05/20 7:29 PM

#635608 RE: Robert from yahoo bd #635503

Or did yah mean The 1st and 2nd Industrial revolution?
https://en.wikipedia.org/wiki/Industrial_Revolution