Help me battle my teacher's indoctrination

[Case Closed]

Seether,
Where do you go to school?

[Bill Haywood]

For years I've argued that the school of business should stop it's capitalist propagandizing, but no one listens. They do not even accept the principle that they should consider the socialist viewpoint.

[UATrewqaz]

That's because people in business school are preparing for the real world, not some fantasy foo foo land of marshmellows and "free" everything.

[PLOlover]

[ QUOTE ]
They do not even accept the principle that they should consider the socialist viewpoint.

[/ QUOTE ]

they totally embrace it, they just call it someting else. re: SL bailout, subprime bailout.

[AlexM]

[ QUOTE ]
For years I've argued that the school of business should stop it's capitalist propagandizing, but no one listens. They do not even accept the principle that they should consider the socialist viewpoint.

[/ QUOTE ]

You think this is remotely comparable? Business school is basically "capitalism school." Of course it's going to be biased! I'm fairly certain that this is the worst post you've ever made that I've seen.

[Copernicus]

Neither you nor the prof have a very solid understanding of Social Security. Search for threads on SS here where misunderstandings similar to yours are rebutted.

The most glaring error he makes is calling for lifting the income ceiling. Social Security already has significant wealth transfer aspects. The benefit formula is front-loaded in favor of lower wage earners compared to their contributions, but at least some recognition is given to higher contribution levels in the form of benefits, and the formula is capped at the same levels as the contributions are capped. To take the ceiling off taxes without simultaneously lifting the ceiling off the benefit formula is just another general tax in disguise.

Enron he is clearly off base on. If he truly believes the market is free and unregulated, he should have his tenure revoked, it isnt even close. Youre response at least digs at his foundations.

Likewise sub-prime. The market is far from unregulated, and the less regulation there is, the more likely deceitful practices would occur. The description of the situation as a "collapse" is a bit hyperbolic as well. Most of the echoes of sub-prime itself are already fading. The underlying weakness in the housing market is not due to sub-prime, its just part of the cycle housing has always experienced.

His numbers of 1% vs 20-30% fees for public vs private handling of SS is ludicrous, and he should be embarassed for using them.

Search for Iron81s recent thread on this which has more realistic numbers from a government study. I point out some of the inconsistencies in those numbers in the thread, but his 20-30% is so far off he truly is off in Ward Churchill territory.

[saucyspade19]

http://www.studentsforacademicfreedom.org/

[Josem]

[ QUOTE ]
http://www.studentsforacademicfreedom.org/

[/ QUOTE ]

these folks seemed quite helpful to me.

[natedogg]

[ QUOTE ]
Neither you nor the prof have a very solid understanding of Social Security.

[/ QUOTE ]

This goes for at least 99% of the population. They are coerced into a system they don't even understand, and they are told a bunch of lies like the return on SS is comparable to private investment when they are two different things entirely. It's not even comparable since your SS payments are not in anyway tied to the contributions you put into it.

natedogg

[PLOlover]

a more formal study thingee, personally I would trust a random guy with a blog more than some rand corp. knockoff with an agenda, but it is interesting they come to roughly the same conclusions.

http://www.heritage.org/Research/Soc...y/CDA98-01.cfm

[ QUOTE ]
For the low-income African-American male age 38 or younger, the news is particularly grim: He is likely to pay more into the Social Security system than he can ever expect to receive in benefits after inflation and taxes.

[/ QUOTE ]