Capitalism is NOT Democratic: Democracy is NOT Capitalist

[georgephillip]

Attorney General Eric Holder"

That's all you need to know about that settlement.

Isn't that the one where Holder gave the money away to leftwing propaganda operations?

"Attorney General Eric Holder and Associate Attorney General Tony West announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history — to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide Financial Corporation and Merrill Lynch.

"As part of this global resolution, the bank has agreed to pay a $5 billion penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) – the largest FIRREA penalty ever – and provide billions of dollars of relief to struggling homeowners, including funds that will help defray tax liability as a result of mortgage modification, forbearance or forgiveness.

"The settlement does not release individuals from civil charges, nor does it absolve Bank of America, its current or former subsidiaries and affiliates or any individuals from potential criminal prosecution."

Bank of America to Pay $16.65 Billion in Historic Justice Department Settlement for Financial Fraud Leading up to and During the Financial Crisis

 

[bripat9643]

"Attorney General Eric Holder and Associate Attorney General Tony West announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history — to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide Financial Corporation and Merrill Lynch.

"As part of this global resolution, the bank has agreed to pay a $5 billion penalty under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) – the largest FIRREA penalty ever – and provide billions of dollars of relief to struggling homeowners, including funds that will help defray tax liability as a result of mortgage modification, forbearance or forgiveness.

"The settlement does not release individuals from civil charges, nor does it absolve Bank of America, its current or former subsidiaries and affiliates or any individuals from potential criminal prosecution."

Bank of America to Pay $16.65 Billion in Historic Justice Department Settlement for Financial Fraud Leading up to and During the Financial Crisis

It's nothing but a payoff to leftwing agitators.

Holder Cut Left-Wing Groups In On $17 Bil BofA Deal

 

[bripat9643]

Guess Which Oil Giant Sickeningly Predicted This Week's CO2 Nightmare 37 Years Ago

Exxon Confirmed Global Warming Consensus in 1982 with In-House Climate Models - Inside Climate News

What CO2 nightmare? Co2 is good for the environment. Plants need it to live.

 

[dblack]

If not government, which institution should exercise exclusive legal control over US currency?

None.

 

[dblack]

You made the claim "(d)emocracy serves the interest of the majority" NOT all the people."

In the US it should be obvious to anyone with minimal reading skills that what passes for democracy in no way serves the interests of the majority.

Fair enough. Serving the interests of the majority is a best-case scenario. Throw corruption into the mix and it only gets worse.

Regardless of whether democracy follows the will of the majority, it doesn't respect the will of all the people. Indeed, the entire purpose of democracy is to force the will of one faction of society (the majority) on everyone else. I expect you'll ignore this and post another cartoon.

 

[kaz]

In short - Wealth.

I'm not surprised that you missed that. Your understanding of economics has all the depth of a kiddy wading pool.

LOL, yeah, we should ask a communist like you what capitalism is if we want a real answer. You're a hoot, and a Chinese disinformation officer

 

[kaz]

So you're trying to say there is no wealth. Without a surplus, you don't have anything to accumulate, and without accumulation, there is no wealth.

This is the ABC's of economics. We're not talking rocket science here.

You're using the word "surplus" to justify armed robbery to confiscate and redistribute it.

Profit is economic value created typically by a business. Leftists always use agenda driven terms, not reality terms

 

[kaz]

Democracy is a form of government made by the people for all the people

A load of bull disproven by that 1% of Americans pay almost half of all income taxes. That is proof of what democracy is, mob rule. And Democrats are still saying it isn't enough.

The United States is based on limited Federal power and State rights. Power divided is power checked

 

[georgephillip]

How are they "criminal" when everything they did was totally legal?

"In an oligarchy, the rich can get away with anything and average people who try to stop harms to themselves and their communities get crushed.

"We’re now there; the question is whether we’ll pull back from this horror show, or whether it’ll continue its evolution toward a full-blown police state.

"The Sackler family, whose criminal Oxycontin drug-dealing killed over a half-million Americans and destroyed the lives of millions more, is close to a deal with the states to keep around $10 billion of their ill-gotten gain in exchange for giving the states a bit over $4 billion over a nine years.

Brutal Capitalism: How America is transforming from a democracy to an oligarchy | The Milwaukee Independent

"Nobody will go to jail or even suffer an inconvenience like no longer being able to use a private jet or give up one of their many mansions.

"And it’s not like they were caught in a one-off crime.

"In 2007, they reached a settlement with the government over their illegal and deadly marketing practices, promising to behave like good citizens. Then, as the Washington Post noted yesterday:"

 

[kaz]

"In an oligarchy, the rich can get away with anything and average people who try to stop harms to themselves and their communities get crushed

So you think the "rich" pay all the taxes because they can "get away with anything."

Your shit is stupid. Here's a dollar, buy a clue ...

 

[georgephillip]

I love that you get economic "wisdom" from a Marxist economist.

Where did you learn Economics?

 

[georgephillip]

Because some propagandist prints a label on a chart, that doesn't make it reality. Furthermore, "Consumer Surplus" doesn't mean anything like what you imply it means. As the chart shows, if the economy is in equilibrium, there is no consumer surplus. I've never even seen the term used in any economics book I ever read.

Which suggests you've never read an Economics text.

What is economic surplus? Definition and meaning

"In mainstream economics an economic surplus refers to two related quantities:

1. Producer Surplus.
2. Consumer Surplus.

"Mainstream economics means orthodox economics, i.e., what most universities across the world teach and discuss.

Economic surplus is also known as Marshallian surplus, named after the British economist Alfred Marshall (1842-1924) who made the term widely known – economists also use ‘total welfare’ with the same meaning."

 

[Toddsterpatriot]

Where did you learn Economics?

Where did you learn economics?

Lenin University?

Is that why you earned so much during your lifetime?

Your education?

 

[georgephillip]

Socialist in Venezula who got rich making the people poor, oppressing them, and robbing their natural resources.....blame the USA.....sure....I get it.

US capitalists bled Venezuela for decades before socialists in Venezuela assumed control over their natural resources. Who else except the US gets the blame for that?

United States–Venezuela relations - Wikipedia

"After Hugo Chávez was first elected President of Venezuela by a landslide in 1998, the South American country began to reassert sovereignty over its oil reserves.

"This action challenged the comfortable position held by U.S. economic interests for the better part of a century.

"The Chávez administration overturned the privatization of the state-owned oil company PDVSA, raising royalties for foreign firms and eventually doubling the country's GDP..."

"Those oil revenues were used to fund social programs aimed at fostering human development in areas such as health, education, employment, housing, technology, culture, pensions, and access to safe drinking water."

 

[Toddsterpatriot]

"The Chávez administration overturned the privatization of the state-owned oil company PDVSA, raising royalties for foreign firms and eventually doubling the country's GDP..."

He was awesome!!!

How does their current, government owned production, compare to the
privatized production?

 

[jasonnfree]

Pretty strong stuff the OP puts out. Could be a time where this country becomes like England in the 1800's. People sleeping in the streets (they already are), young kids prostituting them selves because they and their family are dead broke. We already have three individuals who own more wealth than the bottom fifty percent of Americans. So when is enough enough? When one individual owns 90% of the wealth?

Bernie Sanders: 3 billionaires' wealth=Bottom half of U.S.

Do three Americans really have more wealth than half the country? It’s a claim made by the runner-up for the 2016 Democr

www.politifact.com

 

[georgephillip]

Communist propaganda.

 

[georgephillip]

Only if you think democratic government should control the economy.

I prefer democratic control of the economy over the stewardship of brokers, banks, stock markets, investors, and capital markets; how about you?

Neoliberalism – the ideology at the root of all our problems

 

[bripat9643]

LOL, yeah, we should ask a communist like you what capitalism is if we want a real answer. You're a hoot, and a Chinese disinformation officer

Dragonlady believes the labor theory of value is sound economics.

 

[bripat9643]

"In an oligarchy, the rich can get away with anything and average people who try to stop harms to themselves and their communities get crushed.

Just as I thought: there is nothing criminal about making money legally.

"We’re now there; the question is whether we’ll pull back from this horror show, or whether it’ll continue its evolution toward a full-blown police state.

"The Sackler family, whose criminal Oxycontin drug-dealing killed over a half-million Americans and destroyed the lives of millions more, is close to a deal with the states to keep around $10 billion of their ill-gotten gain in exchange for giving the states a bit over $4 billion over a nine years.

Brutal Capitalism: How America is transforming from a democracy to an oligarchy | The Milwaukee Independent

"Nobody will go to jail or even suffer an inconvenience like no longer being able to use a private jet or give up one of their many mansions.

"And it’s not like they were caught in a one-off crime.

"In 2007, they reached a settlement with the government over their illegal and deadly marketing practices, promising to behave like good citizens. Then, as the Washington Post noted yesterday:"

Did you have any actual facts or logic to post?