Progress has Been Stymied by the Progressive Era

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    Feb 27, 2016 5:51 PM GMT
    https://mises.org/library/how-reverse-innovation-slowdown

    The result of the taming of business was, not shockingly, less innovation. After all, those rampant corporations weren’t doing all that innovation out of kindness, or to advance the torch of civilization. They were doing it so the greedy bastards could get rich. In a free market, the quickest way to make a fortune is to build a better mousetrap and sell it to the world. Edison, Carnegie, Rockefeller responded to incentives, making unimaginable advances so they could be rich.
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    Feb 27, 2016 6:48 PM GMT
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    Feb 27, 2016 7:13 PM GMT
    southbeach1500 saidLiberals (or "progressives") have no understanding of economics.

    Just yesterday, one of the RJ libs (though one I personally respect) wrote that "there is a finite amount of money."

    This fundamental misunderstanding of how our economy works, how wealth creation works, is frightening, though it explains why they believe the misguided "progressive" policies that they do.




    10 Countries That Are Rapidly Losing Faith In Capitalism
    http://www.huffingtonpost.com/2012/07/16/faith-in-capitalism_n_1676528.html


    A significant number of people around the world have lost faith in capitalism since the beginning of the Great Recession, according to a new survey by Pew Research Center. While U.S. love for the free market has dipped only slightly -- 3 percent over five years -- other countries like Mexico, Spain, Italy and the U.K. are growing disillusioned at a faster rate

    Russia
    Czech Republic
    Japan
    United Kingdom
    Pakistan
    Lebanon
    Poland
    Spain
    Mexico
    Italy

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    Feb 27, 2016 10:07 PM GMT
  • HottJoe

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    Feb 27, 2016 10:19 PM GMT
    desertmuscl saidhttps://mises.org/library/how-reverse-innovation-slowdown

    The result of the taming of business was, not shockingly, less innovation. After all, those rampant corporations weren’t doing all that innovation out of kindness, or to advance the torch of civilization. They were doing it so the greedy bastards could get rich. In a free market, the quickest way to make a fortune is to build a better mousetrap and sell it to the world. Edison, Carnegie, Rockefeller responded to incentives, making unimaginable advances so they could be rich.

    Investors =/= inventors.... You're not even giving credit where credit is due. You just think the billionaire class is superior with their golden parachutes, tax evasion, and tax payer bailouts. They profit off of bankruptcy, while the middle class just goes bankrupt.

    If Sanders is POTUS, the rich will still be rich and throw their money at investments, and the private market. But their money just won't give them the power to influence government and exploit the 99%. Collective bargaining rights, public college, healthcare, will not hurt the rich. There will still be private industry, entrepreneurship, and investment, plus equal opportunity in a system that isn't corrupt and rigged.
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    Feb 27, 2016 11:55 PM GMT
    Trump Campaign’s New Logo

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