RE: The Official "Damned Trump" Thread
November 6, 2019 at 3:26 am
(This post was last modified: November 6, 2019 at 3:30 am by Deesse23.)
(November 6, 2019 at 2:34 am)Dmitry1983 Wrote:Ok, the Wirtschaftswunder is the last time i will refute your nonsense, since i honestly dont have the spare time to educate a willingly ignorant fool like you.(November 6, 2019 at 1:46 am)Deesse23 Wrote: Try to google "Wirtschaftswunder".Quote:a lasting period of low inflation and rapid industrial growth was overseen by the government led by West German Chancellor Konrad Adenauer and his Minister of Economics, Ludwig Erhard, who went down in history as the "father of the German economic miracleQuote:In the first free elections following the Nazi era, Erhard stood for election in a Baden-Württemberg district and was elected. He was appointed Minister for Economic Affairs, a position he would hold for the next 14 years; from 1957 to 1963 he was also the second Vice-Chancellor of Germany.
A staunch believer in economic liberalism, Erhard joined the Mont Pelerin Society in 1950, and used this influential body of liberal economic and political thinkers to test his ideas for the reorganization of the West German economy.
Quote:At the same time, the government, following Erhard's advice, cut taxes sharply on moderate incomes. Walter Heller, a young economist with the U.S. occupation forces who was later to become chairman of President Kennedy's Council of Economic Advisers, wrote in 1949 that to "remove the repressive effect of extremely high rates, Military Government Law No. 64 cut a wide swath across the German tax system at the time of the currency reform." Individual income tax rates, in particular, fell dramatically. Previously the tax rate on any income over 6,000 Deutschmark had been 95 percent. After tax reform, this 95 percent rate applied only to annual incomes above 250,000 Deutschmark. For the West German with an annual income of about 2,400 Deutschmark in 1950, the marginal tax rate fell from 85 percent to 18 percent.
For the record: I was born in the 60s and am an inhabitant of Baden-Württemberg, so i had to chuckle a bit when someone like you tries to teach me stuff about ...my own country.
Erhard being "a staunch believer in liberalism":
Too bad you stuck to a rather bad, overly simplified and ultimately and incorrect translation,along with the false dichotomy i already told oyu about. It does not mean what you think it means. I bet you have heared that phrese before.
The original german term is, and translates to english literally as: "believer in social market economy". The technical term is "Ordoliberalism"
Quote:Ordoliberalism is the German variant of social liberalism that emphasizes the need for the state to ensure that the free market produces results close to its theoretical potential.
Ordoliberals separate themselves from classical liberals.
Ordoliberal theory holds that the state must create a proper legal environment for the economy and maintain a healthy level of competition (rather than just "exchange") through measures that adhere to market principles.
Quote:While the ordoliberal idea of a social market is similar to that of the third-way social democracy advocated by the likes of the New Labour government (especially during the premiership of Tony Blair), there are a few key differences. Whilst they both adhere to the idea of providing a moderate stance between socialism and capitalism, the ordoliberal social market model often combines private enterprise with government regulation to establish fair competitionWhile Erhard was minister of economics, he still had a boss: Chancellor Adenauer, who was even more "social" (and less liberal) than Erhard and did override Erhard on important decisions like the "Generationenvertrag". Still both would be rated as "hardcore commies" in your own black/white world of economic/politics.
You.need.to.learn.that.capitalism.vs.socialism.is.a.false.dichotomy.
Didnt i already tell you? Who dont you listen?
So, you are still stuck in false dichotomies and equivocation fallacies.
Cetero censeo religionem delendam esse