Liberal Forum

tharock220 » 24 Jul 2014 11:40 pm » wrote:
So you ignored any value added by their customers in future sales and just decided to double count??? I'll give you an example. Shell sells a barrel of oil to refiner for $50 and that refiner sells the gas for $80. There are $130 worth of revenue there, but there's only $80 in value added to the economy.

You've still won this thread by the way. I'm just pointing out a potential flaw in your calculations.

And Temasek is not a toy for the government to play with. They can't bankrupt it then give it to their buddies through their own courts like Washington did with GM.

I used their gross product, because I was comparing it to the nation's gross product. But I also used their gross profits in another calculation - and their net profits, when comparison to total government expenditures required it.

I used their own reported figures for their gross product, their gross profits and their net profits. In each case, I picked the one that seemed to represent apple to apples for the particular comparison being made. If I erred, I suspect the error did not cause an over-statement of Temasek's market share - though even if it did, the principle of my argument is not affected by that error.

Thank you for that acknowledgement. Imagine those hacks putting a slave pit above their own country this way - might as well endorse Nazi Germany. After all, National Socialism was such an effective economic model that it turned a bankrupt nation on its knees into a world super-power in a single decade, making it possible for a nation the size of Oregon, with very few natural resources, to hold the entire capitalist world AND the Soviet Union at bay for years.

National Socialism, both in Germany and in Italy, was extremely business friendly, with low taxes, easy credit, low interest rates and very light regulations (you could even murder your workers - a handy option and good for discipline, if not morale). And National Socialism spawned a great many inventions and innovations - including jet planes and the V2 rocket - even made Italy's trains run on time, where free market capitalism had failed miserably. The National Socialists also invented the atom bomb, though we managed to grab their scientists and complete the work before they had it off paper and in production. So clearly, if it's a dynamic business environment and predictable markets you want, along with low taxes, low regulations and ease of doing business, Nazi Germany is better than Singapore, hands down. Heritage would have LOVED them (well, if they were paying them to).

Yes, if you're willing to toss the things out the window that they (and Heritage) have, then National Socialism is clearly the best economic model. Capitalism can't touch it.