Re: "I would love to put all those people to work, but can't by law."
Last reply, since this cowardly pinhead can't read and can't use logic.
Whose Trump now! Nice condescending elitist tone... Meanwhile, US minimum wage is absolute poverty compared to other developed nations especially Europe.
My comment on employing cheap labor wasn't condescension. If I had the opportunity, I would love to employ cheap labor, for many reasons that you clearly wouldn't understand. There's no higher form of racial discrimination anywhere in the world than minimum wage legislation. In the US, it's discriminates against at least 15 million young blacks and hispanics who can't sell their labor.
You quote me but then completely ignore the point! I'm saying the 3-pronged devil of 'POVERTY and INEQUALITY is fueling police vs. blacks killings, not RACISM alone.
That's not the sense that your statement conveyed. I would contend that there's more than just poverty, inequality, and racism at play and you're either in denial or ignorant for thinking human behavior can be explained so simply.
I live in Bogota, before that I lived in Chicago. Diversity seems much the same, but largely without the cop kill squads or the rising murder rate (up again in ChiTown).
Fortunately, the US is not just Chicago. The studies from Fearon and Alesina both have Colombia ranked more homogenous than the US. In fact, Fearon put Columbia in the top 10 overall and the US in the bottom 50%. It may not seem like it, but your assertion still doesn't hold water sociologically or economically.
How? It couldn't be further away from the reality we're discussing here. Go and read some articles on Chavez's toxic policies.. Otherwise its not relevant
You brought up more social programs as a deterrent. Venezuela is the poster child for letting that run rampant to the point where the government thinks it's understands how to price gasoline, toliet paper and other products better than individuals in a free market (or freeish market). As Maggie would say (roughly), the problem with socialism that is that you eventually run out of other people's money.
Economics is still hanging its head in shame from 2008, so get off your high horse!
Economics isn't hanging its head at all. You don't understand the causes of the 2008 crash (all of which derive directly from US government intervention in the economy), so don't bother.
I'm saying that the funds to improve quality of life for blacks wouldn't even register as a blip, compared to the debt hoarded by the Fed on its balance sheet.
So many fallacies, so little time. Poor people don't need social programs. They need money. Government hand outs like the EITC in the US are better because of their lower dead weight costs and lack of entrapment to the very people they intend to help. Again, so many poor black youth unable to get a job and get on-the-job training to make a career for themselves, simply because employers can't employ them at the rate that corresponds to their productivity. You really should study the minimum wage more before responding.
So much of economics is debunkable anyway. Just look at the trickle-down-effect. Even Greenspan and Buffet now acknowledge that its rubbish!
Lovely generalization that doesn't mean or prove anything. Given the high levels of US government intervention since the 1930s, it's astounding to me that Americans continue to fight through it all in pursuit of a better life. Someday, that will stop and the world will be quite poorer after that.
Stop kidding yourself, you can't even spell Colombia correctly! Plus, there's no great insights or solutions being offered by you, just more pseudo-academic / political noise. The kind people are so sick of worldwide!
Yes, thank you for the spelling lesson. You did finally manage to score one.
My great insights aren't great because they're simple. I'm a classical liberal and proud of it. I can point to rapidly approaching eradication of absolute poverty on a global scale directly due to the principles of free markets and capitalism. You on the other hand can't tell the difference between crony capitalism (like the Too-Big-to-Fail banks, NHS contractors, and the like) and free-market capitalism. I'm not kidding myself about how things are and how we got here. But your delusion won't go away based on any words I say, so go back to your pod in the Matrix and try to find some kind of joy in your life. Doesn't sound to me like you have much at all.
Biting the hand that feeds IT
