Capitalism is NOT Democratic: Democracy is NOT Capitalist

[bripat9643]

No, the googling was for your benefit. I'm just saying, you see a phrase you're unfamiliar with, sometimes (actually always) it's best to just do a little research on the side before admitting you don't know what you're talking about by claiming something doesn't exist just because it's new to you.

I don't need instruction from a dumbass. I'm perfectly familiar with the term. It's horseshit propaganda. I was just giving you a chance to expose your idiocy.

 

[Turtlesoup]

What changed at that time?

History of U.S. Money Creation - AFJM

"Economic booms and busts prevailed throughout the eighteenth and nineteenth centuries. This eventually prompted a study of the U.S. money and banking systems, which resulted in the passage of the Federal Reserve Act in 1913.

"Rather than address the root causes of the instability, this legislation established the Federal Reserve System as a privately owned central bank with twelve regional banks serving several thousand member banks, also privately owned."

LOL...the BANKERs, our corrupt bankers including the Rothchild inbreed trash and JP Morgan, wanted the FEDERAL RESERVE to increase their wealth by leveraging US taxpayers and being able to control leveraging on a larger scale, namely to help the Brits and Russia take out Germany.

 

[georgephillip]

Capitalism has never crashed. Even the great depression was not a crash of capitalism.

Capitalism has crashed every four to seven years wherever it has surfaced over the past five hundred years. In the US we've seen the dot-com crash in early 2000. Eight years later the sub-prime mortgage market crashed. Today we're dealing with at least three asset classes showing signs of imminent crash which, if it happens, will usher in an age of economic chaos this country has never seen.

 

[Soupnazi630]

Capitalism has crashed every four to seven years wherever it has surfaced over the past five hundred years. In the US we've seenN

Capitalism has crashed every four to seven years wherever it has surfaced over the past five hundred years. In the US we've seen the dot-com crash in early 2000. Eight years later the sub-prime mortgage market crashed. Today we're dealing with at least three asset classes showing signs of imminent crash which, if it happens, will usher in an age of economic chaos this country has never seen.

No it has not/

The events you are describing are no more a crash of capitalism than a car crash is a crash of NASCAR.

Ingtelligent people know this

 

[georgephillip]

Customers

How would any customer know how much value has been added to any product they purchase?

 

[georgephillip]

This. Right here. This is the one thing socialists can't, won't, see.

If I purchase any item which I played no part in manufacturing, how would I have any way of knowing how much value workers added to its price?

Value, Price and Profit - Wikipedia

 

[georgephillip]

The market.

What kind of market?

 

[georgephillip]

Since he lost the popular vote it is clear there was no votyer suppression

That would be true only if US presidential elections were decided on the basis of which candidate won the popular vote. In 2016 Trump lost the popular vote but won in the electoral college due to Republican voter suppression efforts in key swing states.

Revealed: Trump campaign strategy to deter millions of Black Americans from voting in 2016

 

[Toddsterpatriot]

How would any customer know how much value has been added to any product they purchase?

How much are customers willing to pay for a product?

 

[Toddsterpatriot]

What kind of market?

The free market.

 

[HappyJoy]

I don't need instruction from a dumbass. I'm perfectly familiar with the term. It's horseshit propaganda. I was just giving you a chance to expose your idiocy.

Your original post

What the fuck is "finance capitalism?" That certainly isn't an economic term.

Clearly you didn't have a clue and now as per usual we are stuck with you lying to cover your ass.

 

[bripat9643]

Your original post



Clearly you didn't have a clue and now as per usual we are stuck with you lying to cover your ass.

Wrong, dumbass. I know the term is meaningless propaganda conceived by Marxist douchebags.

 

[bripat9643]

If I purchase any item which I played no part in manufacturing, how would I have any way of knowing how much value workers added to its price?

Value, Price and Profit - Wikipedia

Subtract the cost of capital and materials, and you get the contribution of labor.

 

[HappyJoy]

Wrong, dumbass. I know the term is meaningless propaganda conceived by Marxist douchebags.

Oh, then you were lying the first time.

 

[Soupnazi630]

How would any customer know how much value has been added to any product they purchase?

They do not know.

They dictate how much value anything has

 

[Soupnazi630]

That would be true only if US presidential elections were decided on the basis of which candidate won the popular vote. In 2016 Trump lost the popular vote but won in the electoral college due to Republican voter suppression efforts in key swing states.

Revealed: Trump campaign strategy to deter millions of Black Americans from voting in 2016

Wrong.

It is true whether he won gthe EC or not.

There qs bno such voter suppression

 

[Turtlesoup]

Capitalism has crashed every four to seven years wherever it has surfaced over the past five hundred years. In the US we've seen the dot-com crash in early 2000. Eight years later the sub-prime mortgage market crashed. Today we're dealing with at least three asset classes showing signs of imminent crash which, if it happens, will usher in an age of economic chaos this country has never seen.

Corrupt bananna republics crash all the time under the weight of their own spending and corruption---the biden administration is going to crash our economy. We have run away inflation now, they will have to raise interest rates---the Carter year bought us double digit interest rates for homes, double digit inflation and double digit unemployment. We are fucked which is why they want us unarmed and all the illegals and criminals running lose for a distraction.

 

[MinTrut]

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'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.

Some good points; both parties are criminal gangs supporting a soon to be openly fascist state of serfdom for the vast majority; back to the future of the Dark Ages.

 

[georgephillip]

Some good points; both parties are criminal gangs supporting a soon to be openly fascist state of serfdom for the vast majority; back to the future of the Dark Ages

The economist Michael Hudson likens our current political economy to Rome's creditor dominant model which produced the initial Dark Age. When ten percent of a population turn the majority into debt slaves, the barbarians find it relatively easy to take control.

Yesterday marked the 50th anniversary of Nixon's decision to unilaterally cancel the direct international convertibility of the US dollar into gold. The last half-century of freely floating fiat currencies probably crashed in 2008 but has survived on government supplied life support until Covid-19.

It appears likely another restructuring of capitalism is necessary if creditors are to continue profiting from the best government money can buy?

The DNA of Western civilization is financially unstable | Michael Hudson

"This overgrowth of debt is also destabilizing today’s U.S. and other financialized economies. Banking and financial interests have broken free of tax liability since 1980, and are enriching themselves not by helping the overall economy grow and raising living standards, but just the opposite: by getting the bulk of society into debt to themselves."

 

[georgephillip]

Corrupt bananna republics crash all the time under the weight of their own spending and corruption---the biden administration is going to crash our economy

Imho, the US and global economy will crash on Biden's watch, and he is responsible for implementing many of the neoliberal economic policies responsible for our current condition which began to take hold under Reagan, Bush I, and Clinton.

Global capitalism has been restructured three times over the past century, 1908-1917, 1944-53, and 1979-86 with the latest being referred to as the neoliberal restructuring. It crashed in 2008 and has been on government life support ever since. Then came Trump and Covid.

Whatever comes next will likely continue to impoverish millions in order to produce even more billionaire parasites like Trump and their political puppets like Biden.

American's Asleep At the Wheel Driving Into Debt Slavery :: The Market Oracle ::