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Topic: Conservatism, Marxism, and modern mathematical economic theory
Replies: 1   Last Post: Nov 23, 2011 5:37 PM

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Paul A. Tanner III

Posts: 5,920
Registered: 12/6/04
Conservatism, Marxism, and modern mathematical economic theory
Posted: Nov 23, 2011 3:59 PM
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In

"Re: Assessing the Compensation of Public-School Teachers"
http://mathforum.org/kb/message.jspa?messageID=7614653&tstart=0

Haim wrote:

"Even Karl Marx understood that it is the productive power of capitalism that makes socialism possible."

Haim demonstrates implicitly that conservatives and Marxists are cut from the same cloth with respect to economic theory: Conservatives along with Marxists both have this old-fashioned notion that it must be all or nothing with respect to government as being part of an economy - it's just that one group thinks the ideal should be that as close to 100% as possible of all means of production should be government, while the other group believes that as close to 0% as possible of all means of production should be government. In both cases, each group suffers from this belief that government involvement in an economy should be as close as possible to being all or nothing.

But the best modern mathematical economic theory says that there must be large amounts of both government and non-government to maximize the health of an economy, to maximize growth, to maximize prosperity for all.

And the people who most are proving conservatives and Marx wrong with their all-or-nothing notions are those most liberal and progressive countries, the ones that best practice the best modern mathematical economic theory, the ones that most combine government and non-government enterprise - socialism and capitalism - such that very large amounts of both are present, and in such a way as to turn their countries into the per-capita richest and fastest growing countries in the entire developed world. I talk about much of this in my prior posts

http://mathforum.org/kb/message.jspa?messageID=7613268&tstart=0

http://mathforum.org/kb/message.jspa?messageID=7614026&tstart=0

http://mathforum.org/kb/message.jspa?messageID=7613898&tstart=0

http://mathforum.org/kb/message.jspa?messageID=7614474&tstart=0

as well as some other posts. (The third post gives the most information about Norway.)

That is, the Norwegians and some other Scandinavian countries as well as to a degree other countries like modern China all understand how this old-fashioned, Marxian and conservative way of thinking of all-or-nothing is all wrong.

That is, only with modern economic liberalism and progressivism as practiced by these countries do we see the best modern mathematical economic theory applied, and as best practiced by the per-capita richest and fastest-growing and simultaneously most socialist and capitalist countries in Europe, which would be Norway, Denmark, and Sweden but mostly Norway. As I pointed out in my prior posts above and elsewhere, each of these countries not only maintain their national sovereignty over their own money supply in the only way possible - with a fiat money based national central bank giving the nation its own currency from outside control - but have a very large amount both government and non-government practiced in a such a way as to maximize the growth of Main Street entrepreneurial capitalism in the only way it can be maximized, over and above the capabilities of a fully private and unregulated financial sector.

That is, the richest and fastest-growing countries like Norway are showing that this maximizing of the growth of Main Street entrepreneurial capitalism over and above the capabilities of a fully private and unregulated financial sector occurs only by using government in the right way, which is government owning and operating a sufficiently large percentage of the entire financial sector to maximally promote entrepreneurial capitalism via public banking and aggressively loaning to innovators and entrepreneurs to expand and start new businesses, which by the way is the only way to maximize the creation of jobs and better paying jobs at that.

Note: With respect to what I just wrote above, one of the things I point out in my prior posts via links is a government entity called Innovation Norway. I like the term "Innovation" in its title, since government aggressively finding and funding innovators to maximize the growth of entrepreneurial capitalism and maximizing the participation of the whole population in entrepreneurial capitalism is the key. Read about it in all those links I gave about Norway and other such countries.

That right: The growth of Main Street entrepreneurial capitalism can be maximized only if government is used as it is used for that purpose by countries like Norway, where again they are using government to maximize the growth of entrepreneurial capitalism in the only way it can be maximized, to maximize the amount of loans to people to create jobs and better paying jobs by expanding existing business and creating new businesses, thereby maximizing the percentage of the population that become entrepreneurs, owners of legitimate business (and I'm not talking about those multi-level direct marketing things we see in the US, but legitimate business that is about the creation of jobs and better paying jobs via hiring people).

Note: This activity of maximizing involvement of the population in entrepreneurial capitalism in the only way it can be maximized, which is using government in this way, is an inherently democratic thing - it's one of the forms of true economic democracy: It is doing what is talked about in the US Constitution, which that the purpose of government is to promote the general welfare, and most certainly economic democracy and especially this type of economic democracy is good for the general welfare.

That's right, this is true economic democracy promoted by government in the only way is can be maximally promoted, which is part of promoting to the maximum the general welfare talked about in the Preamble of the US Constitution.

And oh, by the way, a quick side note:

The Founding Fathers of the US, especially those like Hamilton, were actually very possibly the most liberal and progressive people in all of US history: Having the country go from the Articles of Confederation to the Constitution of the United States was to have the country see the largest and most profound expansion of the size and power of government and central government at that - this central government being the federal government - in the history of the US by far - yes, by far.

Back to the present topic:

But, on the other hand, conservatives are against this democracy - that's right, against this democracy, in that they are against maximizing involvement of the population in entrepreneurial capitalism in the only way it can be maximized, which is using government in this way I describe above and in my prior posts.

Instead, the conservative ideal is big, unregulated, crony, corporate capitalism.

But big, unregulated, crony corporate capitalism is the death of this type of true economic democracy - and every other type of true economic democracy - it is the death of the general welfare talked about in the Preamble of the US Constitution.

This is especially true when this big, unregulated, crony corporate capitalism is allowed to take over the financial sector of a country.

This just mentioned fact is being proved before our very eyes by the private and now very-unregulated commercial big banks of the US. They are showing the world what happens when the conservative ideal of big, unregulated, crony corporate capitalism is practiced by big, unregulated private corporations of the financial sector of a country. Since the repeal of Glass-Steagall in 1999, the US banks have slowly and surely more and more gotten away from what they were forced to do more by that law, which was to loan money out to Main Street businesses and entrepreneurs to expand and start new business, money they obtain in large part from the fiat money based central bank of the US (the Federal Reserve, and note what the discount rate and federal funds rates are for). Instead, rather than promote the general welfare by lending it out to Main Street to expand and start new business, just more and more they are enriching themselves with The People's Money from the central bank by investing it in stock and other markets all over the world with these automated computer trading schemes. It is now estimated that after about a decade of the repeal of that law, it has gotten to the point that 70% of all the money they get from the central bank now goes to this sort of thing, which means that there is much less available for The People out in Main Street who want to expand and/or create new business to create new jobs, etc.

With a big, private, now-very-unregulated, crony Wall Street, we are seeing the result before our very eyes of that which has plagued this planet for thousands of years, which is what conservatives promote as the ideal, which is big, unregulated, crony enterprise.

I sure hope that this country wakes up to the fact that it is being conned by the conservative philosophy that big, unregulated, crony enterprise is the way to go, especially the con that big, unregulated, crony enterprise is the way to have a financial sector of a country, and realizes that Step One must be to take back control of what happens to The People's money as it leaves the central bank, on the way to finally matching the growth and prosperity of all these countries out there like Norway and who understand the truth and are doing it right. Otherwise, there is no hope for the US, and the US will without end become more and a true plutocracy and oligarchy, more and more practicing true serfdom reminiscent of the Dark Ages.


Message was edited by: Paul A. Tanner III



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