Revolution New form of government.: Kleptocracy

Click For Summary
SUMMARY

The forum discussion centers on the implications of President Bush's tax cuts and the broader economic conditions in the United States, particularly the rise of unemployment and wealth concentration. Participants debate the effectiveness of capitalism, with some arguing that it leads to economic imperialism and wealth accumulation in fewer hands, while others assert that all income groups are experiencing growth. The conversation also touches on the nature of the U.S. government, identifying it as a republic and democracy, and the potential risks of a unified government leading to a monarchy.

PREREQUISITES
  • Understanding of U.S. economic policies, specifically tax cuts and their implications.
  • Knowledge of capitalism and its impact on wealth distribution.
  • Familiarity with the concepts of republic and democracy in the context of U.S. governance.
  • Awareness of historical economic trends and their effects on different income groups.
NEXT STEPS
  • Research the effects of tax cuts on economic growth and income inequality.
  • Examine historical data on wealth distribution in the U.S. over the last 50 years.
  • Study the relationship between unemployment rates and economic policies during different presidential administrations.
  • Explore alternative economic systems and their effectiveness compared to capitalism.
USEFUL FOR

This discussion is beneficial for economists, political scientists, policymakers, and anyone interested in understanding the dynamics of U.S. economic policies and their societal impacts.

"What form of government exists in the U.S.A.?"

  • Kleptocracy

    Votes: 3 75.0%

  • Monarchy

    Votes: 0 0.0%

  • Republic

    Votes: 0 0.0%

  • "Illigitimate"

    Votes: 0 0.0%

  • Democracy

    Votes: 1 25.0%
  • Total voters
    4
  • Poll closed .
  • #31
Originally posted by russ_watters
I'd take that further and say that in order for ANY economy to be considered a success it must constantly be expanding. But I would disgree with the second part - there is ALWAYS room for growth. Growth at its most basic (in a capitalist system) is simply be a function of rpms - how fast the money goes around in a circle.

In the hay-day of the industrial revolution this was true, but it has not been true for some time. At one point, all savings, other than the "stuff the mattress" kind, were invested in growth. There was always some readily apparent profitable avenue for excess capital. Money never stagnated. This is no longer true. It was the thesis of Keynes work on the depression. Money stopped moving because, despite the fact that the stock market was rising, there was a shortage of profitable new ventures. Money was borrowed, stocks were bought, but there was no real investment. Money sat still. Still money dies. You might think this is impossible in this day, but it has been crushing Japan for 10 years now.

Oh, and for the topic, our government is a republic. Our political system is democracy.

Njorl
 

Similar threads

News Is the Tax-Cut Strategy a Con to Dismantle Government Programs?
  • · Replies 2 ·
Replies
2
Views
4K
News Psssttt, the deficit's shrinking
  • · Replies 19 ·
Replies
19
Views
4K
  • Poll Poll
News The Bush Administration: A Critical Examination
  • · Replies 13 ·
Replies
13
Views
4K