H B Lowrie
Senior Member
- Dec 29, 2018
- 2,901
- 170
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- Banned
- #61
That's the way it has been since 1913 or thereabouts, but it wasn't always that way.It is what america does dude.That's crony capitalism/mercantilism, not laissez-faire, dude.Capitalism. Societal race to the bottom while chasing profit margin growth to infinity for the substantial people.
Privatized gains versus socialized losses for the Wall Street bankster class
Internalized profits versus externalized risk and expense for the "Job creator" class
Socialism for the aristocracy versus laissez-faire capitalism for the masses
But it is instructive to note that you blame this on capitalism...I'm now beginning to figure out that you're not nearly as reasonable as you've been trying to pass yourself off as.
Nothing has changed in my output or delivery.
It is certainly our version of capitalism as practiced now. And as our version of capitalism continues to fail to meet the needs of society as a whole, it will either be amended or to will continue to devolve back into a high tech, low profile, hyper-surveilled version of feudalism. Our version of capitalism never saw fit to wean itself off of a cheap source of laor it could either enslave or exploit extra-legally, hence all the nonsense now about "illegals". The consumers are their own sharecroppers now. Capitalism had better sort itself out. Predatory capitalism winds up at the same destination predatory socialism and predatory communism do.
And yet in other capitalistic countries, this isn't rapid transfer of capital from the lower class to the upper classes isn't happening, at least not as fast as in the US. Earned income credits have wiped out the wealth of the working class and is now taking down the American middle class. But Canada, which has a tax code which works better for lower income families, and a healthcare system which isn't being run to the benefit of shareholders and corporate medicine.
Americans keep saying they can't afford universal health care. Bullshit. White Americans don't want to pay good money for black and brown people to have health care. Just like they don't want to have to pay for poor people to get an education.
Well empire and trying to rule the planet is expensive. The american approach to capitalism is still very much tied to a colonial wealth extraction vision. We do not invest in our own society as others do. Ultimately we will suffer in terms of global competitiveness societally as more and more wealth is redistributed to the aristocracy.