Quote Originally Posted by JakeMartinez
Time is not a resource you can buy, Golden Boy.

Abundance and sustainability are ENEMIES of free markets, because they lower profits.

Every corporation is driven solely by profit. If what you say is true, then you must have learned free market theory from studying non-profit organizations.

Also, the reason I'm done arguing with you over it is because you don't even listen.

You gave an example of the Russions, who were not only COMMUNISTS, NOT SOCIALISTS, but your example lacked two things I mentioned in my post.

THE EFFECTIVE MANAGEMENT OF USABLE RESOURCES AND THE DEVELOPMENT OF NEW RESOURCES AND/OR THE IMPROVED USE OF OLD

The leftists failed to manage their resources because they were deluded into thinking that they could use everything and not worry about it. OF COURSE that's not a sustainable thinking.

Free markets fail to provide equality in a time when we could easily create more than enough to go around.

Why is that so hard to see?
The socialistic countries that are successful utilize a mixed economy while socializing some industries. Switzerland, Norway, Germany, China is figuring it out. China is still authotarian but they moved away from straight-up communism. They figured out how to use the free market and grow economically while still maintaining a lot of their socialistic policies.

I think you make profit like it's a bad thing. Too much profit can just be greedy, but profit within an acceptable scope is healthy. With profits, it leads to further growth in a company, innovation, benefits for employees, every company uses it's profit differently. Profits are good because the government collects on them. Why is this a concept that a lot of people do not understand? Some greed is good. Otherwise, how could an economy grow?

You say Goldenboy doesn't listen, but what he describes is basic economic concepts that he explains clearly like a college professor. Someone once told me the more you learn and understand finance, the more you understand the world and clearly this man understands the world.

Don't get me wrong, I'm not against socialism at all. I'm against too much socialism because it is detrimental to society. Take France for example. You talk about affordability, but they're hit with a 19.6% sales tax on all goods that isn't basic food and medicine. You talk about sustainability, To hire and fire an employee is a vastly complex process due to overt job protectionism. The ability to combat waste is the most important control for sustainability. A job as simple as a bank teller for a french bank like BNP for example, it's a stringent interview process and if they get a bad employee after they pass a small probationary period, they are stuck with them. The employee can go to work, do the minimum and not worry about getting laid off. "At-Will" employees provide the most incentive to not only the ability for companies to grow, but for individuals as well. You can't manage resources if you are completely stuck with them.