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Wall Street is the embodiment of oligarchy....Honest laissez-faire left there over a century ago.“Wall Street” is the very embodiment of modern capitalism. It is the evolved, now almost out-of-control wildly beating heart and “soul” of the American economic empire. Its financial machinery pumps capital out into and across the world and takes a profit at most every stage. Its tentacles intersect with foreign capital as well. It is not the “government” either.
The U.S. “oligarchy of capitalists” are spread out across the country, as are Federal Reserve Banks. All you need to do is look at the biggest capitalist families and private and corporate firms to see this. With a Bloomberg terminal, there is no need to live on either coast anymore. But old regional and cultural divisions still remain, especially among your “hoi polloi,” much of it with roots going back to the Civil War or even earlier.
These cultural issues are by themselves little more than provincial curiosities to most really big capitalists, whose greatest loyalty is … to money. Same with the political hustlers who push culture wars or even talk about “terminating” our Constitution — these are also chasing money and power above all.
Your sketch was drawn in 1911 by the famous Texas-born Robert Minor in his young semi-anarchist days. A distant relative of Sam Houston, at 27 he did indeed still have populist views opposing central banking and believed in conspiracy theories like you do.
“Wall Street bankers” and the “Wall Street corporate oligarchy” absolutely are capitalists. The “Wall Street Journal” has not merely been very Conservative and Republican for decades, it is owned by the Murdoch family — which supported the Trump presidency from 2016-2020 and beyond. Great corporations today and their boards and stock owners live everywhere and do not share a single political perspective. Their managers and technocrats also are capitalists paid in stock options, and they serve the interests of soulless capital, not the biddings of the DNC or RNC.
In a way we all are trapped in this corrupting system, since in a thousand ways it pushes us to go into debt, or use whatever little “savings” we may accumulate to “invest” in Wall Street’s “casino capitalism.”
Robert Minor some eight or nine years after he drew that cartoon abandoned his Western populist and anarchist impulses and embraced “Marxism” body and soul. He become a leading Communist Party leader — a hack for Joseph Stalin until the day he died.
You already are a hack … for Donald Trump and other anti-liberal nationalist “strongmen” like Putin. Well, I confess I don’t normally pay much attention to your comments, so I really shouldn’t speculate about Putin and such.
“Honest laissez-faire left there over a century ago.” Where did it go? To the Bronx? To Russia? To the EU? To South America, Africa? To the Texas oil fields?Wall Street is the embodiment of oligarchy....Honest laissez-faire left there over a century ago.
They are ALL capitalist and have been going on as long as banks, corporations and pension funds have existed.Bailouts aren't capitalist.....Insider trading isn't capitalist.... Shotgun weddings of failing banks and businesses isn't capitalist....Using the pension funds of your fellow countrymen … isn't capitalist.
Oh fuck off....You're the econ version of a trannie....You're entitled to your little fantasy world, but nobody else has any obligation to live your lies.“Honest laissez-faire left there over a century ago.” Where did it go? To the Bronx? To Russia? To the EU? To South America, Africa? To the Texas oil fields?
They are ALL capitalist have been going on as long as corporations, banks and pension funds have existed.
Your childish fantasy about “honest capitalism” is almost as ignorant as your political hackery and lying — which I have no time to bother myself with.
