{"id":6836,"date":"2013-03-02T13:27:06","date_gmt":"2013-03-02T18:27:06","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6836"},"modified":"2013-03-02T13:27:06","modified_gmt":"2013-03-02T18:27:06","slug":"matt-busigin-on-peak-capitalism-business-insider","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/02\/matt-busigin-on-peak-capitalism-business-insider\/","title":{"rendered":"Matt Busigin On Peak Capitalism | Business Insider"},"content":{"rendered":"

Joe Weisenthal presents the following two charts to illustrate how government is coping with falling manufacturing wages:<\/p>\n

You’ve probably seen this chart many times, which shows wages declining as a percent of GDP over the last few decades.<\/p>\n

\"Wages<\/p>\n

But things look a tad different when you look at wages PLUS government transfer payments (predominantly entitlement programs) as a share of GDP.<\/p>\n

\"Wages<\/p><\/blockquote>\n

What the writer fails to recognize is that lifting government welfare payments is not a solution. It is part of the problem. Increasing transfer payments encourages welfare dependancy and hinders the adaptive process that allows capitalism to adjust to new challenges.<\/p>\n

Eventually the tail begins to wag the dog, with welfare dependents voting themselves increases. Economic stagnation evolves into economic deterioration, hindering new capital formation with excessive red tape and a rising welfare burden.<\/p>\n

…..The road to hell is paved with good intentions.
\nvia Matt Busigin On Peak Capitalism – Business Insider<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Joe Weisenthal presents the following two charts to illustrate how government is coping with falling manufacturing wages: You’ve probably seen this chart many times, which shows wages declining as a percent of GDP over the last few decades. But things look a tad different when you look at wages PLUS government transfer payments (predominantly entitlement … <\/p>\n

Continue reading “Matt Busigin On Peak Capitalism | Business Insider”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[1227,3660,3661],"class_list":["post-6836","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-employment","tag-welfare-dependency","tag-welfare-payments"],"yoast_head":"\nMatt Busigin On Peak Capitalism | Business Insider - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Matt Busigin On Peak Capitalism | Business Insider - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Joe Weisenthal presents the following two charts to illustrate how government is coping with falling manufacturing wages: You’ve probably seen this chart many times, which shows wages declining as a percent of GDP over the last few decades. 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In 2011-12, government spending was 53.1 per cent of GDP, paid for by taxes on the average worker of 42.7 per cent. The country\u2019s \u201ccradle to grave\u201d social security system has long\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21608,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/09\/19\/industrial-production-no-v\/","url_meta":{"origin":6836,"position":4},"title":"Industrial Production: No V","author":"Colin Twiggs","date":"September 19, 2020","format":false,"excerpt":"This chart from Liz Ann Sonders at Charles Schwab highlights the problem facing the US economy: Retail sales recovered fully, while industrial production is faltering. That is because people are spending money they did not earn. With almost one in five of the February workforce still collecting unemployment, it should\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7583,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/28\/australia-dangerous-growth-of-the-welfare-state\/","url_meta":{"origin":6836,"position":5},"title":"Australia: Dangerous growth of the welfare state","author":"ColinTwiggs","date":"April 28, 2013","format":false,"excerpt":"Michael McLaren from 2GB speaks with Benjamin Herscovitch, Policy Analyst at The Centre for Independent Studies, who discusses the dangerous growth of the welfare state in Australia. Listen to the audio interview The CIS has launched a TARGET 30 campaign to restrict government spending -- currently 35 percent of GDP\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6836"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6836\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}