Matt Welch Talks Shut Down Economics with CNN's Piers Morgan

Reason Magazine's Matt Welch appeared on CNN's Piers Morgan Live to discuss the economics surrounding the continuing government shutdown.

About 4 minutes 

Airdate: 10.4.13

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  • John Steinsvold||

    An Alternative to Capitalism (since we cannot legislate morality)

    Several decades ago, Margaret Thatcher claimed: "There is no alternative". She was referring to capitalism. Today, this negative attitude still persists.

    I would like to offer an alternative to capitalism for the American people to consider. Please click on the following link. It will take you to my essay titled: "Home of the Brave?" which was published by the Athenaeum Library of Philosophy:

    http://evans-experientialism.f.....nsvold.htm

    John Steinsvold

    Perhaps in time the so-called dark ages will be thought of as including our own.
    --Georg C. Lichtenberg

  • Ketogenic Paleo||

    Wait... let me guess... you want people to establish worker's cooperatives but can't stand the fact that Worker's Co-ops are capitalistic?

    Wait, no... what the fuck seriously? Eliminate money?
    Maybe you should learn what money is before you speak of eliminating it.
    This is hilarious, all the benefits that site lists as coming from eliminating money could be used to encourage a society that doesn't use money to adopt money.

    You need to get rid of your anti-capitalist brainwashing

  • Ketogenic Paleo||

    Your deep irrational hatred of capitalism and economic illiteracy is so bad, I suggest you read up on how worker's co-operatives function. I'm guessing they would more or less achieve the goals you're aiming for. Also as a bonus, just like with anarcho-syndicalists you can keep your anti-capitalist prejudices and pretend worker's coops aren't another variation of free market capitalism but somehow better because everyone's an owner and profits, losses and decision-making are shared equally, which sounds socialist enough for some people to forget that every worker in a Worker's Co-operative is in theory a capitalist.

  • thorsmjollnir||

    Which capitalism are you referring to? State capitalism, crony capitalism, laissez-faire capitalism, etc?

  • wadair||

    Can we learn to distribute our goods and services according to need (on an ongoing basis) rather than by the ability to pay? Why not? Poverty and materialism will be eliminated!

    How do you know that "[p]overty and materialism will be eliminated!" How does it follow that eliminating one of the greatest inventions of civilization (money) will eliminate poverty or materialism.

    Poverty has always been with us, but it is greatly reduced in the most advanced societies which, it seems, you'd like to send reeling back to the days of barter.

    And who are you to say that materialism is bad. I might agree with you, but I don't agree with your notion that we tell people just which ism they can and cannot subscribe to.

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