DUmmie Economics 101

[Karin]

DUmp Link

Well, my fave Communist, Hannah Bell copy/pasted an article from a fellow Commie to start:

Hannah Bell  (1000+ posts)        Mon Oct-25-10 03:02 AM
Original message
The Myth of Scarcity
 "Easy access to health care has created a society of consumers with an insatiable demand for medical services.(1) All individuals, all mental health care systems, and all nations face the ubiquitous problem of scarcity. The demands of society are infinite, but its capacity to meet those demands is finite.”(2)

These statements are repeated so often that they are assumed to be true.   

quaker bill (1000+ posts)      Mon Oct-25-10 05:46 AM
Response to Original message
3. We can "afford"
 a great many things. We would have collect some taxes from the wealthy few

  of course. 

maryf  (1000+ posts)        Mon Oct-25-10 06:34 AM
Response to Original message
6. ordinary people create all of society’s wealth and deserve their share of it.
 In a nutshell...K&R 

Then comes a little dissent.

TonyMontana (206 posts)      Mon Oct-25-10 01:09 PM
Response to Original message
10. Scarcity is not a myth, it's a fact
 This person doesn't really understand the concept of scarcity.

-1.

TonyMontana (206 posts)      Mon Oct-25-10 01:15 PM
Response to Reply #11
12. It's a simple economic definition and the basis of all modern economics
 There are limited resources on this planet and unlimited wants of human beings. It's because of scarcity that people make the choices they make. Every choice is a trade off.

What this blogger is talking about is equity: What is the fairest way to distribute the limited wealth among the people?

You can google it or take a first year economics course if you want to know more. All I know is that the premise of this entire thing is false.
 

This type of common sense turns up the crazy spigot :

leftstreet  (1000+ posts)      Mon Oct-25-10 01:23 PM
Response to Reply #12
14. Why are you blaming the people?
 "unlimited wants"

"people make choices"

"limited resources"

"scarcity"

These are rightwing talking points, but since you're new here I'll give you the benefit of the doubt and wait til you've done some research

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 Panaconda (592 posts)        Mon Oct-25-10 01:27 PM
Response to Reply #12
15. Who gave you that definition? 
 That's the first question you should ask yourself.

I have to laugh a little as I've taken more than enough economic courses from very high brow professors and most all of them open the first day of econ class with some variant of the definition you describe. Why is this? Simply because this is so? Well of course not, they teach that because they are pushing an agenda and this specific agenda is neo-liberal economic theory. That's the basis from which the faulty definition arises.

Ever had a Marxist Econ teacher? Ever had an Anarcho-Syndicalist Econ teacher?

Most of these jerks you are referring to have long forgotten what "economics" originally meant just as they don't know the root meaning of "resource." Do you?

Every single word in your post is false, including the big lie that people are making choices all along the way.
The very use of "limited" to describe "resources" is a contradiction by the way, and if your professors did not teach you to question their dogmatic ways then they failed you.

   

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 TonyMontana (206 posts)      Mon Oct-25-10 02:07 PM
Response to Reply #15
16. Yeah, it's a giant conspiracy
 

What resources would you characterize as NOT limited?

Even the sun is going to run out of fuel in about 10 billion years.

  which killed the fire. 

[jukin]

DU ECON 101, 1+1=POTATO

[Carl]

DU ECON 101, 1+1=POTATO

Then the obvious result is from that is "GIMME"

[chitownchica]

Hannah Bell- one of the most irritatingly arrogant of all the dump denizens. I read a screed she posted straight from a socialist rag (same one she gets all her news from) that blamed racism on slave trading within the colonies.

[Attero Dominatus]

DUmmie economics: "We have a right to the wealth you earned!"

[JohnnyReb]

DUmmie Economics 101 ....minus DUmmie Econ 102 = DUmmie Econ -001

DUmmie Econ -001 being the final graduate course..

[Karin]

Where's HUAC when ya need them?  I'm serious, I'm alarmed at the number of out-and-out communists that appear to be happily existing in our country.  In our White House, for that matter.

[true_blood]

Where's HUAC when ya need them?  I'm serious, I'm alarmed at the number of out-and-out communists that appear to be happily existing in our country.  In our White House, for that matter.

Karin, AWESOME answer! H5 for you.