OK, I've had a beer, but I'll try to respond.
Can you identify this quote?:
"Plenty is at our doorstep, but a generous use of it languishes in the very sight of the supply. Primarily this is because the rulers of the exchange of mankind's goods have failed, through their own stubbornness and their own incompetence, have admitted their failure, and abdicated. Practices of the unscrupulous money changers stand indicted in the court of public opinion, rejected by the hearts and minds of men.
True they have tried, but their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They know only the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish.
The money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of the restoration lies in the extent to which we apply social values more noble than mere monetary profit."If you can't identify this, I'll spare you the Google - it's FDR's first inaugural address. In the 1920s, FDR was considered to be a fringe lefty kook - until the Democrats needed something to fend off the Communists, who were quickly overtaking the Dems in elections. I don't see how anything that I'm saying is different (although not as well said) as what FDR would say. Can you be specific on this?
I'm not a Socialist in that I don't believe that Socialism is, in itself, a good thing. I believe that:
1. Basically free markets are basically good things - at least they're better than the alternatives.
2. Historically, perfectly free markets lead to eventual catastrophe, due to
positive feedback 3. Some functions have been proven to work better if they are "owned" by society - e.g., roads and health care.
4. Since the Wealthy always have the upper hand vs. the rest, it is the job of government to help level the playing field.
5. Rather than doing 4., as it did until the 1970s, our government now works to actively shift the playing field TOWARDS the Wealthy. Which is why the Wealthy now pay taxes at half the rate of many in the Middle Class, and why median wages are dropping.
6. Save for a few folks (Feingold, Conyers, Waxman, perhaps a few others), our government is led by lunatics and craven triangulators that have utterly abdicated their responsibilities.
7. We The People have allowed 6. to happen - shame on us.
8. We the People can reverse 6. If we get a clue.
As to Frank's exchange with my buddy - I was there and observed it. As were a number of folks that we know. I don't think that it was a misunderstanding. It was pretty clear. Anecdotal, but it's my own anecdote, so I'll stand by it.
As to the textbook - Manny Goldstein is my "nom de web". A link to my book would reveal my true identity, which would be no fun. Sorry to disappoint.