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There was talk about renaming the Krugman thread for this purpose, but that seems to be going nowhere. Besides which, I feel the Krugman thread should be left to discuss Krugman while this thread can be used for more general economic discussion.

Discuss:

  • The merits of competing theories.
  • The role of the government in managing the economy.
  • The causes of and solutions to our current economic woes.
  • Comparisons between the economic systems of different countries.
  • Theoretical and existing alternatives to our current market system.

edited 17th Dec '12 10:58:52 AM by Topazan

Gabrael from My musings Since: Nov, 2011 Relationship Status: Is that a kind of food?
#13351: Aug 26th 2015 at 9:06:49 AM

Heh, not really. Their financial independence came at a heavy social and emotional cost on their people.

"Psssh. Even if you could catch a miracle on a picture any person would probably delete it to make space for more porn." - Aszur
TheHandle United Earth from Stockholm Since: Jan, 2012 Relationship Status: YOU'RE TEARING ME APART LISA
United Earth
#13352: Aug 26th 2015 at 9:07:39 AM

Please elaborate.

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
Gabrael from My musings Since: Nov, 2011 Relationship Status: Is that a kind of food?
#13353: Aug 26th 2015 at 9:11:18 AM

Quakers and Mormons both are rife with child abuse scandals, emotional torture, and child labor violations.

Muslim communities, it varies, so I will be group specific there.

But chances are you let a religious group do their own thing alone for a while and shit starts hitting fans. Especially if they pull away from society.

Mormons ended up in Utah because they kept getting kicked out of everywhere else because of their polygamy among other issues.

Quakers have also come under fire for not allowing their children the chance to leave or denying members from seeking outside medical assistance in certain cases. Some have been arrested for their own form of honor killings.

"Psssh. Even if you could catch a miracle on a picture any person would probably delete it to make space for more porn." - Aszur
Aszur A nice butterfly from Pagliacci's Since: Apr, 2014 Relationship Status: Don't hug me; I'm scared
A nice butterfly
#13354: Aug 26th 2015 at 9:12:56 AM

What about Twin Oaks?

It has always been the prerogative of children and half-wits to point out that the emperor has no clothes
Gabrael from My musings Since: Nov, 2011 Relationship Status: Is that a kind of food?
#13355: Aug 26th 2015 at 9:15:46 AM

Never heard about that one. Looks based on Shaker style economics, which isn't bad and I can respect their more upfront transparency. Certainly worth looking into more.

"Psssh. Even if you could catch a miracle on a picture any person would probably delete it to make space for more porn." - Aszur
Aszur A nice butterfly from Pagliacci's Since: Apr, 2014 Relationship Status: Don't hug me; I'm scared
A nice butterfly
#13356: Aug 26th 2015 at 9:20:06 AM

Well it did not even begin as an economic thing, but a psychology one. It has lasted long enough, however. Still is up, actually.

edited 26th Aug '15 9:22:56 AM by Aszur

It has always been the prerogative of children and half-wits to point out that the emperor has no clothes
TheHandle United Earth from Stockholm Since: Jan, 2012 Relationship Status: YOU'RE TEARING ME APART LISA
United Earth
#13357: Aug 26th 2015 at 9:46:30 AM

What about the Shakers, then? What's the diference?

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
Gabrael from My musings Since: Nov, 2011 Relationship Status: Is that a kind of food?
#13358: Aug 26th 2015 at 9:51:51 AM

Shakers were a religious group. This one isn't.

Shakers were a communal group that made very nice furniture and handicrafts, like heirloom quality.

They also preached celibacy so they're always small in number and they don't proselytize, but they do allow conversions.

They're a branch of Christianity.

"Psssh. Even if you could catch a miracle on a picture any person would probably delete it to make space for more porn." - Aszur
Greenmantle V from Greater Wessex, Britannia Since: Feb, 2010 Relationship Status: Hiding
V
#13359: Aug 26th 2015 at 10:01:29 AM

[up] Of three people, at the last count.

Keep Rolling On
TheHandle United Earth from Stockholm Since: Jan, 2012 Relationship Status: YOU'RE TEARING ME APART LISA
United Earth
#13360: Aug 26th 2015 at 10:04:17 AM

Well, yes, that's the thing with anti-natality.

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
TheHandle United Earth from Stockholm Since: Jan, 2012 Relationship Status: YOU'RE TEARING ME APART LISA
United Earth
#13361: Aug 26th 2015 at 10:59:51 AM

One piece that I found particularly interesting from one of the articles on political populism posted earlier, here or in the US Politics thread:

The lack of donor support for big government nativism is sometimes cited as a reason that mainstream political parties tend to suppress the populist policy mix. But sometimes combinations of policy ideas are rejected by elites with practical governing experience because they don't quite add up.

Mainstream conservative parties are generally skeptical of spending large sums of money on social welfare for retirees because, being parties of the right, they are committed to trying to keep taxes low.

Populist conservatives tend to brush this away with the implication that if we weren't wasting so much money on welfare for migrants, retirement programs would be easily affordable. This simply isn't true. Productivity growth has slowed in the United States and almost every other rich economy, which puts pressure on the sustainability of the welfare state. At the same time the share of elderly people in the population is growing, which has the same effect. Last but by no means least, health-care services have a marked tendency to rise in cost faster than the economy as a whole — making commitments to comprehensive coverage for the aged expensive.

In most cases, immigration helps on all three scores. More immigration means at least marginally faster productivity growth, immigrants improve the ratio of working-age to retired people, and foreign-born health-care providers help contain the cost of caring for the elderly.

That's fascinating.

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#13362: Aug 26th 2015 at 11:36:34 AM

I know I've posted about that before, in the Politics thread if not here. Immigration is a net positive for advanced societies because it improves the relative proportion of working-age adults, increasing productivity as well as the tax base. Immigrants come with ready-made demand that boosts economic activity.

Nations with slack consumer demand and stagnant or deflating economic indicators need immigration badly — that or they need their own population to churn out lots of babies.

edited 26th Aug '15 11:37:59 AM by Fighteer

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
TotemicHero No longer a forum herald from the next level Since: Dec, 2009
No longer a forum herald
#13363: Aug 26th 2015 at 7:03:29 PM

India's weddings: the main driver of gold prices.

Anyone order a smoking gun? tongue

edited 26th Aug '15 7:04:09 PM by TotemicHero

Expergiscēre cras, medior quam hodie. (Awaken tomorrow, better than today.)
Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#13364: Aug 27th 2015 at 11:38:32 AM

Hmm. That gold is used almost exclusively for non-monetary purposes, which indicates even more problems with the idea of using it as a global fixed currency.

edited 27th Aug '15 11:38:40 AM by Fighteer

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
BonsaiForest Since: Jan, 2001
#13365: Aug 27th 2015 at 11:52:58 AM

What's this about Quakers? And other religious groups?

My friend is wanting to become a Quaker, believing them to be a very liberal group that involves itself in social justice issues.

What's this about them engaging in honor killings and child abuse?

DeMarquis Since: Feb, 2010
#13366: Aug 27th 2015 at 1:08:36 PM

Gabreal claimed that Quakers emotionally abuse their children. If true, I would imagine it has to do with being very tightly knit communities cut off from the surrounding society. I know that there was at least one lawsuit involving such allegations among Quakers, but I dont know that it happens more often there than elsewhere.

FFShinra Since: Jan, 2001
#13367: Aug 27th 2015 at 1:13:16 PM

Gold in weddings is still currency, just not in the way we normally think of it. Trust me on this.

Doesn't mean its good for global currency, but that isn't the same thing as being used for non-monetary purposes.

EDIT-

Also, gold is nice, land is better. This from personal experience.

edited 27th Aug '15 1:13:58 PM by FFShinra

Ogodei Fuck you, Fascist sympathizers from The front lines Since: Jan, 2011
Fuck you, Fascist sympathizers
#13368: Aug 27th 2015 at 1:30:26 PM

India actually has issues with gold imports, iirc. The vast demand for gold in their country messes up their currency, so they try to prevent it, but the cultural mores demand gold for weddings (according to that article, it's not even a status thing, I guess even the very poor are expected to have wedding gold, just not as much) means there's a market for gold smuggling.

Gabrael from My musings Since: Nov, 2011 Relationship Status: Is that a kind of food?
#13369: Aug 27th 2015 at 5:37:45 PM

No, I said sexual abuse

It's right there at the top of the page.

And no, Quakers are not liberal at all.

"Psssh. Even if you could catch a miracle on a picture any person would probably delete it to make space for more porn." - Aszur
Linhasxoc Since: Jun, 2009 Relationship Status: With my statistically significant other
#13370: Aug 27th 2015 at 8:47:06 PM

I thought they were liberal by the standards of the time when they first came over here, and became conservative when the rest of the world moved around them.

Gabrael from My musings Since: Nov, 2011 Relationship Status: Is that a kind of food?
#13371: Aug 27th 2015 at 9:02:02 PM

I will be glad to move this to the religion thread if you like.

"Psssh. Even if you could catch a miracle on a picture any person would probably delete it to make space for more porn." - Aszur
TheHandle United Earth from Stockholm Since: Jan, 2012 Relationship Status: YOU'RE TEARING ME APART LISA
United Earth
#13372: Aug 28th 2015 at 12:38:54 AM

Please do.

Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that.
Aszur A nice butterfly from Pagliacci's Since: Apr, 2014 Relationship Status: Don't hug me; I'm scared
A nice butterfly
#13373: Aug 28th 2015 at 8:29:19 AM

What does oatmeal have to do with religion?

It has always been the prerogative of children and half-wits to point out that the emperor has no clothes
BonsaiForest Since: Jan, 2001
#13374: Aug 28th 2015 at 8:49:41 AM

Well, now I have a coworker taking economics. And even though she's just starting, she already hit terms I don't exactly know.

"Socialist economic system", which her book is claiming China is, and "market economic system".

I assume "market economic system" is capitalism as we generally know it, but "socialist economic system" is what communist China is?? What exactly is a "socialist economic system"?

LeGarcon Blowout soon fellow Stalker from Skadovsk Since: Aug, 2013 Relationship Status: Gay for Big Boss
Blowout soon fellow Stalker
#13375: Aug 28th 2015 at 8:55:19 AM

They sound sorta buzzwordey. And I'm always wary when someone mentions China and economics

Oh really when?

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