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Can you explain the labor theory of value and how it isn't complete horseshit?Stagnating wages?
That sounds systemic
Internal contradictions of capital accumulation - Wikipedia
"The internal contradictions of capital accumulation is an essential concept of crisis theory, which is associated with Marxist economic theory. While the same phenomenon is described in neoclassical economic theory, in that literature it is referred to as systemic risk."
He posted an oxymoron.
"America’s billionaires have grown $2.1 trillion richer during the pandemic, their collective fortune skyrocketing by 70 percent — from just short of $3 trillion at the start of the COVID crisis on March 18, 2020, to over $5 trillion on October 15 of this year, according to Forbes data analyzed by Americans for Tax Fairness (ATF) and the Institute for Policy Studies Program on Inequality (IPS).
"Not only did the wealth of U.S. billionaires grow, but so did their numbers: in March of last year, there were 614 Americans with 10-figure bank accounts.
"Today there are 745.
"The $5 trillion in wealth now held by 745 billionaires is two-thirds more than the $3 trillion in wealth held by the bottom 50 percent of U.S. households estimated by the Federal Reserve Board.
"The great good fortune of these billionaires over the past 19 months is even starker when contrasted with the devastating impact of coronavirus on working people.
"Almost 89 million Americans have lost jobs, over 44.9 million have been sickened by the virus, and over 724,000 have died from it.
"To put this extraordinary wealth growth in perspective, the $2.1 trillion gain over 19 months by U.S. billionaires is equal to:
U.S. Billionaires are Now $2.1 Trillion Richer Than Before the Pandemic - Inequality.org
- 60 percent of the $3.5 trillion 10-year cost of President Biden’s Build Back Better plan.
- The entire $2.1 trillion in new revenues over 10 years approved by the House Ways and Means Committee to help pay for President Biden’s Build Back Better (BBB) investment plan."
If the richest one percent pay almost half of all income taxes, what does that tell you about changes in the US income distribution over the past forty years?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
Who told you the rich pay all the taxes?So you think the "rich" pay all the taxes because they can "get away with anything."
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?
PolitiFact - Bernie Sanders: Bill Gates, Jeff Bezos, Warren Buffett have more wealth than 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 Democrwww.politifact.com
If the richest one percent pay almost half of all income taxes, what does that tell you about changes in the US income distribution over the past forty years?
A Guide to Statistics on Historical Trends in Income Inequality | Center on Budget and Policy Priorities
Since the pandemic began, 745 US billionaires have gotten 2.1 trillion dollars richer while 89 million Americans lost their jobs and nearly 750,000 lost their lives. You should probably worry less about dividing federal power and worry more about restricting corporate power.
In 1929 unfettered capitalism crashed the global economy.
Nothing criminal about the Sackler family?Just as I thought: there is nothing criminal about making money legally.
As if you're capable of recognizing either.Did you have any actual facts or logic to post?
Can't spot any surplus?Your own chart shows there is no "surplus" if the economy is in equilibrium, which is 99% of the time.
Your ignorance is truly Trumpian.Here we go: the old saw about how capitalism caused the failures of socialism.
Your ignorance is truly Trumpian.
American Imperialism in Venezuela
"One of the largest contributing factors to Venezuela’s economic crisis as it currently stands is the sanctions set by the Trump administration to oust Nicolas Maduro from power.
"According to a press release from the U.S. Department of the Treasury, the sanctions set on the Venezuelan regime in 2017 meant 'all assets of these individuals subject to U.S. jurisdiction are frozen, and U.S. persons are prohibited from dealing with them.'
"Under these sanctions CITGO, a state-owned company who averaged around $1 billion USD every year since 2015, cannot refer any revenues and shares back to Venezuela as CITGO is in Texas.
"Additionally, New York state law governs all of Venezuela’s foreign currency bonds.
"The resulted loss in 2017 was staggering, the contrast in income using data from the 12 months before sanctions totals at about $6 billion.
"This example represents just one of many sanctions.
"America’s attempts to control Maduro and remove him from power have only cost Venezuelans any chance at comfortable living as Maduro gives no indication that he will yield.
"Maduro blames the United States for the perceived 'economic war;' waged on Venezuelans through Trump’s numerous sanctions.
"Maduro continues to blame his economic problems on the United States without acknowledging his reliance on socialism within a failed petro-state.
"Meanwhile, the U.S. is meddling in the country’s affairs in a largely counterproductive manner.
"These sanctions are only worsening the economic and political situation in Venezuela as Maduro stays in power."
How did neoliberalism work for Venezuela, Cuba, or North Korea?That's because you're an imbecile. How did that social control work for Venezuela? Cuba? North Korea?
You mean communism, jackass.How did neoliberalism work for Venezuela, Cuba, or North Korea?
"It may seem strange that a doctrine promising choice and freedom should have been promoted with the slogan 'there is no alternative'.
"But, as Hayek remarked on a visit to Pinochet’s Chile – one of the first nations in which the programme was comprehensively applied – 'my personal preference leans toward a liberal dictatorship rather than toward a democratic government devoid of liberalism'.
"The freedom that neoliberalism offers, which sounds so beguiling when expressed in general terms, turns out to mean freedom for the pike, not for the minnows."
Neoliberalism – the ideology at the root of all our problems
Commies like you never stop trying to blame capitalism for your disasters. Only the morons are fooled.Your ignorance is truly Trumpian.
American Imperialism in Venezuela
"One of the largest contributing factors to Venezuela’s economic crisis as it currently stands is the sanctions set by the Trump administration to oust Nicolas Maduro from power.
"According to a press release from the U.S. Department of the Treasury, the sanctions set on the Venezuelan regime in 2017 meant 'all assets of these individuals subject to U.S. jurisdiction are frozen, and U.S. persons are prohibited from dealing with them.'
"Under these sanctions CITGO, a state-owned company who averaged around $1 billion USD every year since 2015, cannot refer any revenues and shares back to Venezuela as CITGO is in Texas.
"Additionally, New York state law governs all of Venezuela’s foreign currency bonds.
"The resulted loss in 2017 was staggering, the contrast in income using data from the 12 months before sanctions totals at about $6 billion.
"This example represents just one of many sanctions.
"America’s attempts to control Maduro and remove him from power have only cost Venezuelans any chance at comfortable living as Maduro gives no indication that he will yield.
"Maduro blames the United States for the perceived 'economic war;' waged on Venezuelans through Trump’s numerous sanctions.
"Maduro continues to blame his economic problems on the United States without acknowledging his reliance on socialism within a failed petro-state.
"Meanwhile, the U.S. is meddling in the country’s affairs in a largely counterproductive manner.
"These sanctions are only worsening the economic and political situation in Venezuela as Maduro stays in power."
When I say "democratic control" I mean public regulation designed to enhance long term economic goals that benefit the 99% of Americans instead of the short term speculation favored by brokers, bankers, investors, and capital markets. How much more economic inequality do you think this country needs?Exactly the opposite. When you say "democratic control" you mean government control. You mean centralized, coercive control. I absolutely do NOT want government to have more power over the economy.
When I say "democratic control" I mean public regulation designed to enhance long term economic goals that benefit the 99% of Americans instead of the short term speculation favored by brokers, bankers, investors, and capital markets.
How much more economic inequality do you think this country needs?
Exactly. State control of the economy is a bad idea. It gives government far too much power.
As much as it takes. Income inequality is a good thing. As long as it's the result of voluntary trade, it's the truest representation of the "will of the people". Far moreso than simple majority rule.
"The people" are always government. That's why it sucks to high heaven.If and when the people are government, then government can't have too much power.
When have you last been forced to trade?Since when has any trade been voluntary?
