It Seems Only Yesterday, Iraq Was America's Friend

[ccbatson]

Mixed economies vasilate between failure [[socialism) and prosperity [[capitalism)...look around. Europe pulling back from extreme misery via socialism, and Obama leading the US to the same cliff.

[elganned]

That's "vacilate", BTW. Spellcheck is a wonderful tool; you should avail yourself of it now and then.

[ccbatson]

Nice try, spelling is off folks...never mind that the idea is dead on. Cheap attempt.

[elganned]

Just trying to help, Cc. Just trying to help.
As for your idea...the Roman empire was a "mixed" economy [[remember "bread and circuses"?) and survived for some 1,200 years. So your history is off, as well as your spelling.

[ccbatson]

Survived...then fell, not prosperous and growing as capitalism would have in perpetuity if properly practiced.

[elganned]

Survived for 1200 years, then succumbed to the soldiers of the 4th Crusade.
I doubt that even capitalism would have survived in perpetuity with a broadsword through its head.

So the empire didn't fall because it was mixed economy, would not have continued had it been a purely capitalist economy, and your premise is still fatally flawed.

[ccbatson]

Capitalism would produce, as it has for the US, a military/defense structure that would protect that government from any and all potential invaders.

Come on Elganned, you are better than that last argument, you must try a bit harder next time.

[elganned]

Your assertion was that mixed economies fail because they are mixed while pure capitalistic economies endure perpetually.

The example refuted your assertion, and by your own statements "pure" capitalism has never existed and so can't provide any examples for comparison.

Fail.

[ccbatson]

That is the theory and history is proving it. We have a mixed economy, when it swings socialist, failures ensue and are progressive. When things gravitate towards capitalism, growth and prosperity follow.

[elganned]

I guess that's why we experienced our most prosperous years under the "socialist" programs of the New Deal and after Ronnie "gravitated" us towards more "capitalism" have experienced the worst economic calamity since the Great Depression. That bears out your theory.

Oh, wait...uh, never mind.

[ccbatson]

Prosperous under socialism? an Oxymoron and internally inconsistent. Marx would deem prosperity as a failure of socialism.