From 1945 to 1981 most of the world had just had their economies litterally bombed back into the Stone Age. We could have practiced almost any type of economics we liked because we were the only game in town.
If we were primarily Keynesian, that doesn’t speak to its strength, it speaks to lack of options. It’s even more telling that as more and more of the world came back on line we became weaker and weaker.
That was more like 1945 to about 1950. Europe was mostly rebuilt by then.
lots of young citizens. that is for sure.
Allan
Wiki is a joke. And you did not have the guts to list who was in charge of the house and senate.
Pfizer spent $3,000,000,000 on R&D in 2024, a nearly 8% increase over the prior year. How much more do you want them to spend?
The average salary there is around $95,000 per year and range from $64,000 to $146,000. Problem…there are few jobs like that for people who couldn’t pass math in high school or just crossed the border from their village.
No, it is not.
Go chase someone else…Maga’s are boring.
Pfizer made 22 billion of net profit. They spent 3 billion on R&D The NIH spent 43 billion in the same year.
And the funny thing is
Some people think that the amount Pfizer pays its workers
and every company pays its workers
should go up in direct percentage with GDP.
As if whether Pfizer spent $3billion or $3million on R&D should nto be part of the eqquation?
As if to say:
“What? Just because capital inputs went up 10X doesn’t mean you investors should get a bigger share! Capital ad labor should always get the same split . . . 50/50 or 60/40 or whatever it was should be fixed in stone and made permanently permanent forever. anything else is greed and injustice.”
More jabbering about something something…
You really are not good at this…stick to animated charts and memes…
At least those can be entertaining…sometimes.
The only time the government should be funding things is when there is a national defense interest.
GPS was originally invented as a military guidance and navigation system.
The internet was originally developed to ensure military communications survivability in case of nuclear war.
I can go on and on and on, but that is the real reason the government develops stuff. That we get to enjoy it is a happy biproduct.
A boss buys a $20 shovel
-vs-
A boss buys $200,000 backhoe.
Since the boss has now just increase his investment 10,000x
Should the employee get a 10,000x pay raise?
Should the the boss and the employee both get the same percent of profit they got before?
What would hapen in an ecoomy where the government tried tomandate such stupidity?
Man, you’ve been extra grumpy today. Try Midol.
You’re not the person to be declaring that. Especially not when you’re PMSing.
Exit polls say otherwise.
Farmer provides a small field, a small amount of seed, and a shovel
Worker provides an 8-hour day.
→ They split the proceeds 50/50.
Farmer provides giant field, all the seed, a tractor, a plow, a tiller, a mechanical planter, a combine etc…
Worker provides an 8-hour day.
→ Should they still split the proceeds 50/50?
Income of $8,000,000,000
Wealth gap! coveter!
It doesn’t need to be managed.
There is no pure free market, thanks to big Government. Less government will make for markets that are freer.
As I stated earlier, I have a lot I can say about the 2008 housing crash, and I have done so in prior 2008 housing crash threads. I would prefer not to do that in this thread. If you really want to discuss it with me, feel free to start another thread.
No he benefitted from that. Government intervened and rockefellers wealth tripled.
