Peter Schiff BLOOMBERG 28 Oct 2008 Part 2

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Peter Schiff on BLOOMBERG 28 Oct 2008

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You diseased ... ( 3 weeks ago by manster200673)

You diseased libertarians are amazing to me. Overpaid workers compared to what? repressed underpaid 3rd world labor? You talk about the evils of the state (yeah the evil minimum wage and labor and safety standards) and say nothing about the evils and depradations of corporations, the business community. It's not my standards idiots, its the majority standard. You say "majority rule" is evil, therefore we should have minority rule... a minority of selfish business owners? You are diseased

If you'd bothered ... ( 3 weeks ago by gergenheimer)

If you'd bothered to read my message, I said overpaid UNION workers as they relate to our manufacturing sector, not the economy as a whole. If you think making $70 per hour to screw bolts on an auto frame isn't being overpaid, you're delusional. You assume that the "selfishness" of seeking profit automatically results in others being harmed, which is nonsense. Thomas Edison was a selfish SOB, yet his benefit to humanity outweighs Mother Teresa, Gandhi and MLK put together times ten.

First, corporations ... ( 3 weeks ago by gergenheimer)

First, corporations have NO POWER over my life without the coercive help of government (you know, the guys that have the guns and jails and the power to take our wealth and property BY FORCE?) Second, your Statism is showing - you think the choice is between majority rule and being ruled by the minority - how about NOT BEING RULED and being FREE instead? Or are you so addled and spineless that you can't conceive of how to exist without the promise of the Nanny State taking care of you?

If the state ... ( 3 weeks ago by manster200673)

If the state prevents criminals from poisoning my food, my water, my environment then yes that is INCREASING my freedom. Get it? (woweee I can use annoying CAPS too) yeah corporations that pollute the environment with carcinogens have no power over you because you are IRON MAN.

Congratulations for ... ( 3 weeks ago by manster200673)

Congratulations for winning brainwashed moron of the month for taking that lie of autoworkers making 70.00 an hour and running with it. That number actually include legacy costs (wait LEGACY COSTS) for paying into retiree pension and health care.

The state can't ... ( 3 weeks ago by gergenheimer)

The state can't prevent anyone from doing anything, they can only punish lawbreakers (of which almost every citizen now qualifies under the mountain of regulation that rules our lives) If individual property rights were enforced (rather than undermined by your beloved state), polluters would be crippled when they damaged my property/health and the property/health of my neighbors. It is precisely the avenue of regulation that gives these offenders the ability to harm with impunity.

Congratulations for ... ( 3 weeks ago by gergenheimer)

Congratulations for winning the Semantic Gymnast of the Year Award. The specifics of how the labor costs of the auto industry are doled-out is IRRELEVANT - the fact remains, the cost of doing the work is still $70 per hour when all factors are included. I lived in Detroit for 7 years and I know for a fact that there were "laid-off" workers who still made 95% of their wages for doing nothing, not to mention full-time workers who were drunk 50% of the time and lazy 100% of the time.

"The state can't ... ( 3 weeks ago by manster200673)

"The state can't prevent anyone from doing anything"..wow Stalin would be grinning at that statement. So let me get this straight, on the one hand the state is this big meta-institution that is strangulating us...and then on the other hand it "can't prevent anyone from doing anything"???...How about the threat of going to prison (of course white collar criminals don't face that threat, I want to change that, unlike you)

manster: True ... ( 3 weeks ago by nowayjose470)

manster: True libertarians would naturally oppose any regulation that grants privileges to anyone, including corporations. Your point about respecting and protecting individual property rights is a point libertarians have concurred with for years.
As a libertarian I am apalled at how much privilege government bestows to big corporations with their regulations. In fact, a corporation is a government licensed entity, not a free market one.

So now you went ... ( 3 weeks ago by manster200673)

So now you went from "making 70 dollars an hour" to " costing $70 hour" and you accuse me on Semantic Gymanstics???? LMFAO lol I think you are the drunk

I appreciated your ... ( 3 weeks ago by manster200673)

I appreciated your anger at the "privilege government bestows to big corporations" but the regulations are not the source of that Privilege... After all, why do corporations often times fight those regulations in court, if they are so profitable to them?

My apologies - your ... ( 3 weeks ago by gergenheimer)

My apologies - your logic has destroyed me. When I go to buy an American car for $45,000 that's not even as good as a $30,000 Japanese car, I will feel righteous knowing that rather than paying each guy $70 per hour to build a mediocre car, I am actually only paying that guy $40 per hour (and paying 2 other guys - a retiree and a lay-off - $15 per hour each to sit at home and drink beer.) Now where did I put that vodka?. . .

check for it up ... ( 3 weeks ago by manster200673)

check for it up your ass, with the rest of your meeasly brain...I'm done with you.

Because if they ... ( 3 weeks ago by gergenheimer)

Because if they admitted that they were in favor of the regulations, the people would know the real deal. By "opposing" the regulations in the public venue, the people are duped into believing the regulations will reign the corporations in. This is exactly what happened with the Interstate Commerce Act and the Federal Reserve Act, to name 2 instances.

The point is, the ... ( 3 weeks ago by gergenheimer)

The point is, the government has no unique magic powers to prevent wrongdoing, only the ability to punish offenses after they occur - this is the same power that would reside with the people if property rights were upheld as they should be.

Typical Statist - ... ( 3 weeks ago by gergenheimer)

Typical Statist - you can't defend your beliefs for more than 5 minutes once your regurgitated platitudes run out, because they are philosophically, logically and ethically bankrupt. It makes you feel righteous to play Robin Hood and rail against corporations and rich people, but at the end of the day, you are just another authoritarian who wants to run peoples' lives.

One of the ... ( 3 weeks ago by nowayjose470)

One of the thousands of examples of those privileges is the very practice of corporate licensing whicn give them liability protection privileges. Another is the Telecom Immunity within FISA. Bailouts too. Furthermore many businesses support regulations that raise the cost of entry into the business thus limiting or downright elimintng competition. Regulation is a broad term that 500 words cannot accurately define. However any government intervention in the economy can be called regulation

Big recording ... ( 3 weeks ago by nowayjose470)

Big recording studios supported noise ordinances in California to zone out the small independent labels that were rising to compete with Sony, RCA and Motown. These ordinances regulated inaudible noise and required studios to invest in million dollar renovations or required them to move out of a certain area. It crushed the indies and the recording industry secured their oligopoly.

Pro wrestling is ... ( 3 weeks ago by nowayjose470)

Pro wrestling is another example. Government mandated steroid tests have put the screws to small independent companies that cannot afford the testing. McCmahon has no problem with it having millions to pay for the tests. It crushes competition and secures his monopoly. Nobody can afford it unless they get huge grants or loans from the government, or they already have a large personal fortune. Regulations also protect companies from liability for environmental damage to private property.

In fact, government ... ( 3 weeks ago by nowayjose470)

In fact, government regulation may help them or enable them in wrongdoing. Just look at government controlled interest rates and how they enable malinvestment by big business and risky loans from financial institutions. Look at the bailouts. We sent a message to business that we the taxpayer will bail you out when you fuck up. All the more incentive to make even riskier decisions.

Finally, there is ... ( 3 weeks ago by nowayjose470)

Finally, there is the Eminent Domain ruling that extended the privilege of private property seizure to private companies providing that "it is for the common good." Just look at all the eminent domain abuses that have occurred since. Companies using it just to eliminate competition. There's a litany of abuses. Another example of government giving privileges to big business to "rig the game." And yes, I call it government regulation.

Not only is Peter ... ( 2 weeks ago by jehnubis)

Not only is Peter Sciff predicting 1-2 years from now. He predicted Obama was the next president!

I bet the lady ... ( 1 week ago by JurkoffJay)

I bet the lady talking has some good pussy.

good point. ( 5 days ago by sheepandgreen)

good point.

Tell a friend:

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Peter Schiff BLOOMBERG 28 Oct 2008 Part 2

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