Capitalism is NOT Democratic: Democracy is NOT Capitalist

[dblack]

Public options for education, housing, and medical care are rights in the same way public safety is a right or freedom of speech is a right or freedom of religion is a right.

No, they are fundamentally different. You can pretend otherwise, but I suspect you know better.

 

[georgephillip]

Prior to WW I countries hardly ever loaned other countries money to fight a war. Can you provide an example where one did?

The examples extend as far back as Babylonia.

Napoleon's planned invasion of the United Kingdom - Wikipedia.

 

[Toddsterpatriot]

The examples extend as far back as Babylonia.

That was a war? Who lent the money?

 

[bripat9643]

The examples extend as far back as Babylonia.

Napoleon's planned invasion of the United Kingdom - Wikipedia.

So where did Napoleon loan the USA money or visa-versa?

 

[georgephillip]

He's obviously incompetent because stocks perform a very necessary function in the economy. He must be a commie moron like you.

When banks loan for the long-term benefit of millions of workers and businesses they perform a necessary function.

When they loan for short-term speculation and asset-inflation, they destroy the productive economy.
What Good Is Wall Street?

"Just like power utilities, the big banks have a commanding position in the market, which they can use for the benefit of their customers and the economy at large.

"But when banks seek to exploit their position and make a quick killing, they can cause enormous damage."

 

[Toddsterpatriot]

When banks loan for the long-term benefit of millions of workers and businesses they perform a necessary function.

When they loan for short-term speculation and asset-inflation, they destroy the productive economy.
What Good Is Wall Street?

"Just like power utilities, the big banks have a commanding position in the market, which they can use for the benefit of their customers and the economy at large.

"But when banks seek to exploit their position and make a quick killing, they can cause enormous damage."

Much of what investment bankers do is socially worthless.

Feel free not to use their services.

 

[Toddsterpatriot]

I provided a credible source for the claim prior to WWI wartime allies had never required debt repayment among them., and the US reversed that policy. If you have a different view, post it.

Which wars? How much debt? Post that link.

 

[bripat9643]

When banks loan for the long-term benefit of millions of workers and businesses they perform a necessary function.

When they loan for short-term speculation and asset-inflation, they destroy the productive economy.
What Good Is Wall Street?

"Just like power utilities, the big banks have a commanding position in the market, which they can use for the benefit of their customers and the economy at large.

"But when banks seek to exploit their position and make a quick killing, they can cause enormous damage."

People don't borrow money to buy stocks, moron.

 

[georgephillip]

It's not the biggest or mostly highly paid industry. Apple is the biggest corporation in the world, not Goldman Sachs.

"Since 1980, according to the Bureau of Labor Statistics, the number of people employed in finance, broadly defined, has shot up from roughly five million to more than seven and a half million.

"During the same period, the profitability of the financial sector has increased greatly relative to other industries.

"Think of all the profits produced by businesses operating in the U.S. as a cake.

"Twenty-five years ago, the slice taken by financial firms was about a seventh of the whole.

"Last year, it was more than a quarter. (In 2006, at the peak of the boom, it was about a third.)

"In other words, during a period in which American companies have created iPhones, Home Depot, and Lipitor, the best place to work has been in an industry that doesn’t design, build, or sell a single tangible thing."

What Good Is Wall Street?

 

[georgephillip]

r make student loans way beyond the ability of borrowers to pay.....ummm.....errr.....never mind.

Why Public College Should Be Free

 

[Toddsterpatriot]

"Since 1980, according to the Bureau of Labor Statistics, the number of people employed in finance, broadly defined, has shot up from roughly five million to more than seven and a half million.

Seven and a half million highly paid Americans?

Sounds awful!!!

 

[Toddsterpatriot]

Why Public College Should Be Free

You should definitely get public college employees to all work for free.

 

[dblack]

You should definitely get public college employees to all work for free.

That's the end game, for sure.

 

[a1623yankee]

Small, rotten potatoes.

With the blood of 100 million of their own people on their hands.

I reiterate, those monsters are NOT communists. They were/are political LIARS and self serving, fascist criminals. The worst effects are that you and others like you have fallen for it. Patriot?...hardly.

 

[bripat9643]

I reiterate, those monsters are NOT communists. They were/are political LIARS and self serving, fascist criminals. The worst effects are that you and others like you have fallen for it. Patriot?...hardly.

The "not true communism" argument was exploded a long time ago. There are no true communist countries for the same reason that there are no triangles with four sides. Both are a logical impossibility. Considering that, all we can do is look at countries whose rulers claim to be communists, and no rational person wants any part of that.

You are a political liar, douchebag, and you aren't fooling anyone.

 

[Toddsterpatriot]

I reiterate, those monsters are NOT communists. They were/are political LIARS and self serving, fascist criminals. The worst effects are that you and others like you have fallen for it. Patriot?...hardly.

Great, the assholes that called themselves communists and killed 100 million weren't real commies.

Where are the real commies?

 

[bripat9643]

Great, the assholes that called themselves communists and killed 100 million weren't real commies.

Where are the real commies?

Congress.

 

[georgephillip]

And yet, in demand and useful.

Demand by whom, rich parasites looking for the next big speculative scam?

 

[Toddsterpatriot]

Demand by whom, rich parasites looking for the next big speculative scam?

Clients, investors, corporations. Useful people, not poor, whiny losers like you.

 

[georgephillip]

Furthermore, shareholders are not parasites. The company would not exist without them. How do you imagine companies come into existence, magic?

Shareholders in the secondary market contribute nothing in a productive sense; they simply extract money that should rightfully go to employees.