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Capitalism is NOT Democratic: Democracy is NOT Capitalist

georgephillip

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https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.

"Capitalism is not democratic, democracy not capitalist.

"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.

"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."
Reagan-Tax-Bill-July-1981-resize.jpg

Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.

This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.
 

yidnar

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https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.

"Capitalism is not democratic, democracy not capitalist.

"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.

"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."
Reagan-Tax-Bill-July-1981-resize.jpg

Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.

This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.
we already know that you hate capitalism ...commie !
 

Toddsterpatriot

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https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.

"Capitalism is not democratic, democracy not capitalist.

"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.

"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."
Reagan-Tax-Bill-July-1981-resize.jpg

Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.

This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.

Reagan's tax cuts facilitated low interest rates

Lower taxes, lower inflation, lower interest rates. THE HUMANITY!!!!!!

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.

Thank goodness. Government planners suck ass.
 

Rambunctious

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Finance capitalism is transforming US democracy into an oligarchy, something neither Trump nor Biden has any problem with.
Well I have a problem with it....and would trust Trump to see the light before a swampy Joe will....
 
OP
georgephillip

georgephillip

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Well I have a problem with it....and would trust Trump to see the light before a swampy Joe will....
I also have a problem with finance capitalism turning the US into an oligarchy, but I see Trump as a corrupt crony-capitalist who found a way to cut out the venal politicians like Biden. They and their families both serve oligarchy.
 

TNHarley

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Fuck a Democracy.
Fuck our corporatocracy.
What this country needs is capitalism and to abide by the Constitution.
 

DigitalDrifter

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Capitalism is what made America the greatest most powerful nation of all time. PERIOD!!
 

wamose

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Capitalism is what allowed our country to develop into the greatest country in the world. Central planning would have sentenced us to a perpetual state of poverty, shortages, distrust, no freedom and a total dependence on government followed by economic collapse and chaos. You people who would rather be a part of the "collective" should pick one of those great Marxist destinations and go there. It'll be good for your head.
 
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georgephillip

georgephillip

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Reagan's tax cuts facilitated low interest rates

Lower taxes, lower inflation, lower interest rates. THE HUMANITY!!!!!!
Markets that adjust themselves to debt claims growing exponentially beyond an economy's ability to pay.
Financial bubbles in multiple asset classes.
Making real estate speculation and junk-bond takeovers exempt from income taxation.
48y6y6.jpg

MAGA!
 

Toddsterpatriot

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Markets that adjust themselves to debt claims growing exponentially beyond an economy's ability to pay.
Financial bubbles in multiple asset classes.
Making real estate speculation and junk-bond takeovers exempt from income taxation.
48y6y6.jpg

MAGA!

Markets that adjust themselves to debt claims growing exponentially beyond an economy's ability to pay.

The economy can't pay its debt? How does an economy even borrow?
What does the economy borrow from......the economy?

Making real estate speculation and junk-bond takeovers exempt from income taxation.

Real estate isn't taxed? Real estate income isn't taxed?
How should a junk-bond takeover be taxed? Any specifics?
 
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georgephillip

georgephillip

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Capitalism is what allowed our country to develop into the greatest country in the world. Central planning would have sentenced us to a perpetual state of poverty, shortages, distrust, no freedom and a total dependence on government followed by economic collapse and chaos. You people who would rather be a part of the "collective" should pick one of those great Marxist destinations and go there. It'll be good for your head.
The New Deal created the greatest middle class in history after capitalism collapsed the global economy in 1929. Central planning won both world wars in the 20th century. By early 2020 when the MAGA pandemic first began shutting down the world economy, 87 million US residents lacked adequate healthcare and 40% could not afford an unexpected $400 expense.

In the richest country in history 40 million people were poor, half of all workers lived paycheck to paycheck, and 12% of the population had experienced food insecurity at some point during the preceding year.

That's what capitalism does.
It consolidates wealth in fewer and fewer hands with each passing generation.
Only slaves call that freedom.
 

wamose

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The New Deal created the greatest middle class in history after capitalism collapsed the global economy in 1929. Central planning won both world wars in the 20th century. By early 2020 when the MAGA pandemic first began shutting down the world economy, 87 million US residents lacked adequate healthcare and 40% could not afford an unexpected $400 expense.

In the richest country in history 40 million people were poor, half of all workers lived paycheck to paycheck, and 12% of the population had experienced food insecurity at some point during the preceding year.

That's what capitalism does.
It consolidates wealth in fewer and fewer hands with each passing generation.
Only slaves call that freedom.
Yeah, Venezuela and Cuba are much better off with their collective bullshit. Russia and NoKo too. The waiting line for Americans waiting to go to those four countries must stretch for miles.
 

Oddball

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https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.

"Capitalism is not democratic, democracy not capitalist.

"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.

"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."
Reagan-Tax-Bill-July-1981-resize.jpg

Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.

This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.
ImCommieNow.jpg
 

Nostra

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https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.

"Capitalism is not democratic, democracy not capitalist.

"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.

"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."
Reagan-Tax-Bill-July-1981-resize.jpg

Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.

This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.
The US isn't a Democracy, Dumbass.
 

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