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Left wing or right wing economics?

beng100
Posts: 1,055
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11/20/2015 7:15:01 PM
Posted: 1 year ago
Which is more effective? Personally I think left wing economics leads to greater financial equality amongst the general population but the poorer economic performance of a left wing economy means that in the long term the majority of citizens are actually worse off. A right wing economy leads to more uneven wealth distribution and excessive wealth for the richest citizens. However the business freindly nature of right wing economics means economic performance is generally better, while low government borrowing results in less government debt. In the long term I believe right wing economics leads to faster economic growth and therefore extra wealth and a better standard of living for the majority of citizens. An example to support my viewpoint is the success of the USA economy over the 200 years compared to the unsuccesful left wing economics of the USSR.
XVIII
Posts: 39
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11/24/2015 6:04:07 PM
Posted: 1 year ago
At 11/20/2015 7:15:01 PM, beng100 wrote:
Which is more effective? Personally I think left wing economics leads to greater financial equality amongst the general population but the poorer economic performance of a left wing economy means that in the long term the majority of citizens are actually worse off. A right wing economy leads to more uneven wealth distribution and excessive wealth for the richest citizens. However the business freindly nature of right wing economics means economic performance is generally better, while low government borrowing results in less government debt. In the long term I believe right wing economics leads to faster economic growth and therefore extra wealth and a better standard of living for the majority of citizens. An example to support my viewpoint is the success of the USA economy over the 200 years compared to the unsuccesful left wing economics of the USSR.

I personally think that the US should combine both into specific waves of activity. This is essentially what the Federal Reserve already does in promoting business friendly growth with low interest rates and then slowing the economy down with high interest rates. This way the US can sort of have the best of both worlds as sticking with one way for too long can cause significant problems.
bballcrook21
Posts: 4,468
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11/25/2015 5:56:26 PM
Posted: 1 year ago
To look at it objectively, there is no such thing as "right-wing" or "left-wing" economics. There isn't one type of economics attributed to each political spectrum.

However, current right wing economics, which is more for the free market, leads to greater creation of wealth and innovation, but can also widen a wealth gap, which usually isn't of any detriment to society or the individual.

Left-wing economic creates more equality, but stops incentive for growth due to higher regulations and more applications of "fairness".

This is all a numbers and politics game. No one talks purely on economics anymore, it's always attributed to some outside factor.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
FREEDO
Posts: 21,057
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11/27/2015 10:00:42 PM
Posted: 1 year ago
Is there yet to be found a single bird upon this roundish Earth that can fly high in the sky with but one wing to set it free upon the breeze? Nay I tell you, nay. You'll only spin and sputter I say, and I don't stutter I say. Ok? My, I nearly spilled my tea.
GRAND POOBAH OF DDO

fnord
uahshdyy
Posts: 20
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11/28/2015 1:02:26 AM
Posted: 1 year ago
At 11/20/2015 7:15:01 PM, beng100 wrote:
Which is more effective? Personally I think left wing economics leads to greater financial equality amongst the general population but the poorer economic performance of a left wing economy means that in the long term the majority of citizens are actually worse off. A right wing economy leads to more uneven wealth distribution and excessive wealth for the richest citizens. However the business freindly nature of right wing economics means economic performance is generally better, while low government borrowing results in less government debt. In the long term I believe right wing economics leads to faster economic growth and therefore extra wealth and a better standard of living for the majority of citizens. An example to support my viewpoint is the success of the USA economy over the 200 years compared to the unsuccesful left wing economics of the USSR.

Capitalism (Right Wing), especially Free Market always Trump Socialism.
fromantle
Posts: 274
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11/29/2015 11:35:51 AM
Posted: 1 year ago
Has there ever been a left wing economy? I see a rich elite holding the reins of power and feathering their own nests..
Survival of the fittest ( Darwin) feathering your own nest is natural behaviour, it superceeds politics , religion , intelligence and all those other parameters we measure ourselves with. The best system to live in is certainly western democracy and thats were most want to be. Whatever your standard of living as much freedom to live your life is highly valuble. The important thing about secular democracy is the safe guard against extremism.
TheFlex
Posts: 1,745
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12/2/2015 2:52:35 PM
Posted: 1 year ago
At 11/25/2015 5:56:26 PM, bballcrook21 wrote:
To look at it objectively, there is no such thing as "right-wing" or "left-wing" economics. There isn't one type of economics attributed to each political spectrum.

However, current right wing economics, which is more for the free market, leads to greater creation of wealth and innovation, but can also widen a wealth gap, which usually isn't of any detriment to society or the individual.

Left-wing economic creates more equality, but stops incentive for growth due to higher regulations and more applications of "fairness".

This is all a numbers and politics game. No one talks purely on economics anymore, it's always attributed to some outside factor.

If I can remember correctly from a couple of videos I've watched I want to say one of the differences I can remember being brought up was that the right-wing economy system would create a larger wealth gap, but with more people above the poverty line and the left-wing system creates a smaller wage gap, but with more people below the poverty line. If I can find the graph or the reference I'll post it here.

So is the better economy system a mix between the two, or does the economy drive better being almost fully one sided?
ColeTrain
Posts: 4,315
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12/2/2015 3:09:48 PM
Posted: 1 year ago
At 12/2/2015 2:52:35 PM, TheFlex wrote:
At 11/25/2015 5:56:26 PM, bballcrook21 wrote:
To look at it objectively, there is no such thing as "right-wing" or "left-wing" economics. There isn't one type of economics attributed to each political spectrum.

However, current right wing economics, which is more for the free market, leads to greater creation of wealth and innovation, but can also widen a wealth gap, which usually isn't of any detriment to society or the individual.

Left-wing economic creates more equality, but stops incentive for growth due to higher regulations and more applications of "fairness".

This is all a numbers and politics game. No one talks purely on economics anymore, it's always attributed to some outside factor.

If I can remember correctly from a couple of videos I've watched I want to say one of the differences I can remember being brought up was that the right-wing economy system would create a larger wealth gap, but with more people above the poverty line and the left-wing system creates a smaller wage gap, but with more people below the poverty line. If I can find the graph or the reference I'll post it here.

I don't know if this is entirely true, but it's got some good points. To be sure, some left-wing advocacies such as the "living wage" will only create more poverty, so I can see at least some justification for your assertion.

So is the better economy system a mix between the two, or does the economy drive better being almost fully one sided?

A mix, most of the time -- though largely right-wing is preferable.
"The right to 360 noscope noobs shall not be infringed!!!" -- tajshar2k
"So, to start off, I've never committed suicide." -- Vaarka
"I eat glue." -- brontoraptor
"I mean, at this rate, I'd argue for a ham sandwich presidency." -- ResponsiblyIrresponsible
"Overthrow Assad, heil jihad." -- 16kadams when trolling in hangout
"Hillary Clinton is not my favorite person ... and her campaign is as inspiring as a bowl of cottage cheese." -- YYW
bballcrook21
Posts: 4,468
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12/2/2015 4:47:09 PM
Posted: 1 year ago
I would never advocate for a mix. Either you have freedom or you don't have anything. Free trade grows economies and helps everyone proportionally. Socialism and government intervention helps no one but the cronies.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
ColeTrain
Posts: 4,315
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12/2/2015 5:51:54 PM
Posted: 1 year ago
At 12/2/2015 4:47:09 PM, bballcrook21 wrote:
I would never advocate for a mix. Either you have freedom or you don't have anything. Free trade grows economies and helps everyone proportionally. Socialism and government intervention helps no one but the cronies.

Perhaps I worded that wrong. A true mix isn't desirable, but there are a few things from the left that can be beneficial, only the government's ability to protect freedom. Again, the left isn't desirable in any form, but the power it brings can be beneficial when translated to the right. IF that makes any sense.
"The right to 360 noscope noobs shall not be infringed!!!" -- tajshar2k
"So, to start off, I've never committed suicide." -- Vaarka
"I eat glue." -- brontoraptor
"I mean, at this rate, I'd argue for a ham sandwich presidency." -- ResponsiblyIrresponsible
"Overthrow Assad, heil jihad." -- 16kadams when trolling in hangout
"Hillary Clinton is not my favorite person ... and her campaign is as inspiring as a bowl of cottage cheese." -- YYW
bballcrook21
Posts: 4,468
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12/2/2015 6:09:01 PM
Posted: 1 year ago
Defending freedom is not a left wing ideal. It's already assumed that all parties that favor democracy are to defend rights. In fact, it is a right wing and libertarian ideal to defend freedom, while modern demonrats (democrats) are all about invading your property and your freedoms for the sake of the common good and political correctness.
If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand. - Friedman

Underlying most arguments against the free market is a lack of belief in freedom itself. -Friedman

Nothing is so permanent as a temporary government program. - Friedman

Society will never be free until the last Democrat is strangled with the entrails of the last Communist.
ColeTrain
Posts: 4,315
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12/2/2015 6:49:25 PM
Posted: 1 year ago
At 12/2/2015 6:09:01 PM, bballcrook21 wrote:
Defending freedom is not a left wing ideal.

I definitely know this.

It's already assumed that all parties that favor democracy are to defend rights. In fact, it is a right wing and libertarian ideal to defend freedom, while modern demonrats (democrats) are all about invading your property and your freedoms for the sake of the common good and political correctness.

I was meaning how much government control they have. If right-wing could use that executive and government power to implement policies that protect freedom, it'd be great. I DON'T support liberalism, the left, etc.
"The right to 360 noscope noobs shall not be infringed!!!" -- tajshar2k
"So, to start off, I've never committed suicide." -- Vaarka
"I eat glue." -- brontoraptor
"I mean, at this rate, I'd argue for a ham sandwich presidency." -- ResponsiblyIrresponsible
"Overthrow Assad, heil jihad." -- 16kadams when trolling in hangout
"Hillary Clinton is not my favorite person ... and her campaign is as inspiring as a bowl of cottage cheese." -- YYW
16kadams
Posts: 10,497
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12/3/2015 6:07:57 AM
Posted: 1 year ago
At 11/27/2015 10:00:42 PM, FREEDO wrote:
Is there yet to be found a single bird upon this roundish Earth that can fly high in the sky with but one wing to set it free upon the breeze? Nay I tell you, nay. You'll only spin and sputter I say, and I don't stutter I say. Ok? My, I nearly spilled my tea.

wtf was that m8
https://www.youtube.com...
https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross
FREEDO
Posts: 21,057
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12/4/2015 8:14:49 AM
Posted: 1 year ago
At 12/3/2015 6:07:57 AM, 16kadams wrote:
At 11/27/2015 10:00:42 PM, FREEDO wrote:
Is there yet to be found a single bird upon this roundish Earth that can fly high in the sky with but one wing to set it free upon the breeze? Nay I tell you, nay. You'll only spin and sputter I say, and I don't stutter I say. Ok? My, I nearly spilled my tea.

wtf was that m8

aaaarg thare she blows
GRAND POOBAH OF DDO

fnord
16kadams
Posts: 10,497
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12/4/2015 11:39:41 PM
Posted: 1 year ago
At 12/4/2015 8:14:49 AM, FREEDO wrote:
At 12/3/2015 6:07:57 AM, 16kadams wrote:
At 11/27/2015 10:00:42 PM, FREEDO wrote:
Is there yet to be found a single bird upon this roundish Earth that can fly high in the sky with but one wing to set it free upon the breeze? Nay I tell you, nay. You'll only spin and sputter I say, and I don't stutter I say. Ok? My, I nearly spilled my tea.

wtf was that m8

aaaarg thare she blows

lol
https://www.youtube.com...
https://rekonomics.wordpress.com...
"A trend is a trend, but the question is, will it bend? Will it alter its course through some unforeseen force and come to a premature end?" -- Alec Cairncross