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Old October 30th, 2017, 09:23 AM   #61
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Today's late-stage capitalism is dominated by global finance that keeps the vast majority of people in permanent debt servitude today! Kids who are told you can't get a job beyond flipping hamburgers without a college education, are forced to spend thousands in college loans that..with diminishing wages even for the educated...means they will be stuck in debt bondage for life. And then there's all the governments who for some reason, can't create their own currency and money supplies anymore...they have to work through large banking institutions and pay them interest for the privilege!

Governments drowing in debt and majorities of citizens permanently in debts they can't pay off, means that today's international finance capital system has more control over the majority of people in the world than at any time in history.
Correct, the disparity of wealth is shown more in debt then in income. The right has taken away the driving force of capitalism, the promise of the potential to get ahead. They have achieved that for the last 35 years since the trickle down lie. They have gained all the massive new wealth of this country since the trickle down lie and just pennies have gone to the workers in this country, while the workers debt level has gone through the ceiling. It has all gone to the top but it hasn't been transferred fast enough so President Scum Bag and his scumettes Want a tax bill that will massively quicken the transfer of wealth tho the top, through both wages but mostly through debt, because that's watched less then wages.
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Old October 30th, 2017, 10:36 PM   #62
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I agree about what you say but there is a clear division between the hate party and the Democrats and the wealthy Democrats understand that. They except the higher taxes needed to to take care of the needy in this country. They vote to support people in need all the time, They support Veterans while the hate party votes against most veterans bills. They believe in a progressive tax system and the level of that progressive tax is totally opposite of what the right wants. They appose the transfer of wealth to the top through tax structure. They support and write bills that fights against the massive disparity of income that the right support. They understand that if you take away the promise of the possibility to get ahead in capitalism that capitalism dies. In this country if capitalism dies this country dies and the right doesn't care and would gladly take that chance as long as they get it all.
They know that demographics is their death knell, so they will do everything possible to take away the rights of voting blocks that are populated by democrats. They have no problem at all looking the other way as their clown Prince, president Scum Bag sells out this country daily. They have no problems with his hate driven policies, cruelty, bigotry, Chauvinism, Islamophobia, hatred of your government. They would totally sell out this country and they would gladly throw away democracy for the bottom line. They have degraded to a lower level of humanity where the only ones that count are them and the people who control them. They are the biggest threat this country has. They have to go.
There are a whole range of problems: environmental, dwindling resources, aging population, rising health costs of modern medicine etc. that stand in the way of the dream of some liberals of just reapplying Keynsian economics of the 30's all over again and restoring the good times of the post-war boom in America.

A return to progressive taxation, and restoring public education(including low cost or free state university tuitions) would go along way to "putting the rungs back on that economic ladder," but real world conditions are not the same as during FDR's time! The post-war boom owes more to the fact that America was the only major industrial nation that was undamaged by WWII. Once Europe and Japan started pushing their exports and the Soviet Union was able to restore its destroyed infrastructure, then we were into the economic malaise of the mid-70's. Then again, the 70's also marked the period US oil production went into rapid decline and became dependent on oil imports.

So, it's not all a matter of playing with economic models! The problem today is that capitalism in all its forms...from liberal social democrat varieties to 100 proof unadulterated gangster capitalism desired by most of the oligarchs, is not a system of economic management that can last! It should have always been obvious: an economic system that requires constant growth can't last indefinitely on a finite planet with finite resources.

Capitalism has always been dependent on constant growth because future growth is essential to pay off today's debts! If growth ends, first thing that goes is the entire banking system that works on a fractional reserve system...as we learned in 08, because their only required to have 3% in assets of the loans and credit they're extending to the public. If investors are panicked or lose confidence, and are demanding returns on their assets, that 3% is gone in a flash; and if the Federal Reserve and European Central Bank can't create enough new money to guarantee those loans, then what was feared in 2008 becomes reality today...or some time in the future when investors start questioning whether they'll get full return on investments. That's likely why the sharks and vultures supporting Trump and most Republicans, are in a hurry to just bleed the system dry for as much profits as possible..consequences be damned!
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Old October 31st, 2017, 09:40 AM   #63
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Originally Posted by right to left View Post
There are a whole range of problems: environmental, dwindling resources, aging population, rising health costs of modern medicine etc. that stand in the way of the dream of some liberals of just reapplying Keynsian economics of the 30's all over again and restoring the good times of the post-war boom in America.

A return to progressive taxation, and restoring public education(including low cost or free state university tuitions) would go along way to "putting the rungs back on that economic ladder," but real world conditions are not the same as during FDR's time! The post-war boom owes more to the fact that America was the only major industrial nation that was undamaged by WWII. Once Europe and Japan started pushing their exports and the Soviet Union was able to restore its destroyed infrastructure, then we were into the economic malaise of the mid-70's. Then again, the 70's also marked the period US oil production went into rapid decline and became dependent on oil imports.

So, it's not all a matter of playing with economic models! The problem today is that capitalism in all its forms...from liberal social democrat varieties to 100 proof unadulterated gangster capitalism desired by most of the oligarchs, is not a system of economic management that can last! It should have always been obvious: an economic system that requires constant growth can't last indefinitely on a finite planet with finite resources.

Capitalism has always been dependent on constant growth because future growth is essential to pay off today's debts! If growth ends, first thing that goes is the entire banking system that works on a fractional reserve system...as we learned in 08, because their only required to have 3% in assets of the loans and credit they're extending to the public. If investors are panicked or lose confidence, and are demanding returns on their assets, that 3% is gone in a flash; and if the Federal Reserve and European Central Bank can't create enough new money to guarantee those loans, then what was feared in 2008 becomes reality today...or some time in the future when investors start questioning whether they'll get full return on investments. That's likely why the sharks and vultures supporting Trump and most Republicans, are in a hurry to just bleed the system dry for as much profits as possible..consequences be damned!
Well said. I really don't see capitalism in decline in this country. it's all in the distribution of wealth that's the problem. During Obama's presidency, Business had a massive increase of profits , the highest in history, the highest rate of increase in profit in history and the highest percentage of gross that is profit in history and even with the erratic recovery, we say the highest GDP in history. Also 147% increase in the dow.
The first problem I would deal with is companies leaving this country, either their whole business or just the headquarters. I would tell them they can go but they would lose our market. There would be a minute few that could do that, they can't lose this market. One company would leave, the rule would be implemented and no one else would go. Even with the major problems involved with implementing this , I see it as being worth it. Capitalism has no conscience so you have to deal with it with laws and regulations. This would be one of them.
I think Free education in this country, right through college, would be a investment that would show the best returns in this world market.

Last edited by jbander; October 31st, 2017 at 09:43 AM.
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