progressive hunter
Diamond Member
- Dec 11, 2018
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what about the people/countries the debt is owed to??
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what about the people/countries the debt is owed to??
What does your economic understanding tell you about what happens to society when the rate of return on capital exceeds GDP growth over an extended period of time?
Opinion | Capitalism vs. Democracy (Published 2014)
Capitalism went into cardiac arrest in 2008, and is only alive today because of government:
"Since 2008, over nine trillion dollars in created money has been printed and pumped into the near lifeless body of capitalist economies in the U.S., EU, Japan, China and other countries to stave off economic despair.
"Why?
"Because the capitalist system had a heart attack in 2008 and was about to writhe in agony on the floors of global stock exchanges.
"Government bailouts of the banks, i.e., socialism, was the only way to keep the streets clear from flowing blood.
"ATMs needed to remain open so that the world as we know it would continue operating."
Attention Socialists: Capitalism Is Currently on Life Support!
Only slaves regard human beings as commodities.
What does your economic understanding tell you about what happens to society when the rate of return on capital exceeds GDP growth over an extended period of time?
Opinion | Capitalism vs. Democracy (Published 2014)
Only slaves regard human beings as commodities.
Historical materialism - Wikipedia
"To Marx, ancient societies (e.g. Rome and Greece) were based on a ruling class of citizens and a class of slaves; feudalism was based on nobles and serfs; and capitalism based on the capitalist class (bourgeoisie) and the working class (proletariat)."
"ATMs needed to remain open so that the world as we know it would continue operating."
Let us ignore for a moment those here who think all criticism of capitalism is wrongheaded, who instinctually criticize those of us who call ourselves “democratic socialists” or “social democrats.” Some of the crazier ones even call the pro-imperialist, pro-Wall Street corporate DNC … “communist”!Capitalism went into cardiac arrest in 2008, and is only alive today because of government:
"Since 2008, over nine trillion dollars in created money has been printed and pumped into the near lifeless body of capitalist economies in the U.S., EU, Japan, China and other countries to stave off economic despair.
"Why?
"Because the capitalist system had a heart attack in 2008 and was about to writhe in agony on the floors of global stock exchanges.
"Government bailouts of the banks, i.e., socialism, was the only way to keep the streets clear from flowing blood.
"ATMs needed to remain open so that the world as we know it would continue operating."
Attention Socialists: Capitalism Is Currently on Life Support!
as expected,, youre confusing cronyism with capitalism,,Let us ignore for a moment those here who think all criticism of capitalism is wrongheaded, who instinctually criticize those of us who call ourselves “democratic socialists” or “social democrats.” Some of the crazier ones even call the pro-imperialist, pro-Wall Street corporate DNC … “communist”!
I want to raise more serious criticisms….
When I look at your quotes above and the linked article, my reaction is …. I’m afraid it’s not quite that simple.
The money “pumped into” the system reinforces capitalist relations. Stock market assets grow, the rich get richer, while those without financial assets get more wretched. This is not socialism. Perhaps you mean something like “‘socialism’ for the corporations and capitalists” — but then you should make that clear.
Capitalism can suffer many crisis, can even “collapse” (it’s happened many times before) — but it always recovers. It will not by itself transform into a socialist or any other utopia.
The crisis of competing capitalist states and alliances tends to world war, not to a socialistic “New World Order” — which is what many lunatics on the right claim has already occurred.
Finally, it is very possible environmental catastrophe, like war, will dramatically accelerate human suffering. Socialism is supposed to be genuinely international — unlike “national socialism” — also know as Nazism or “the socialism of fools.”
Democratic socialists, social democrats, indeed everybody who thinks seriously about the problems that confront humanity, would do well to consider these sad realities.
let me guess,,“Crony capitalism” is not a bad term.
But you cannot seriously distinguish it from real existing, historically created American capitalism, which now is centered in Wall Street and the Federal Reserve and the D.C. “Security State.” There are not just a few “cronies.” There is a whole organic imperialist system which extends throughout society, that permeates and has supporters also among the middle and professional and working classes to one extent or another. “It” is definitely not loyal or limited to any one party, either.
depending on what youre being taught education is a good thing,,Is education something you despise?
In fact at 72 years of age, a lifelong blue collar wage worker, once an active unionist, I consider myself blessed to have also seen a bit of the wider world, to have suffered some life experiences that taught me a thing or two. I try to think outside of the box …
How about you?
I promise you, from first-person knowledge: It does not.In the old days......now it kills critical thinking.
This story should get a LOT more coverage than it does. Orban is a vicious, extremist autocrat who is stamping out the democracy in his own nation in plain sight, and our supposedly-conservative popular leaders are crawling around his feet.
What sober-minded people need to realize is that capitalists can and will build a machine that self-destructs. No need to pull the plug or throw a wrench in it.
And communists can't even build a machine.......
Nah, communism is always better at allocating resources because it can properly prioritize.
Absolutely.
That's why East Germany made Trabants while West Germany made BMWs and Benzs.
When you have greed as the motivation, there is no cooperation even within the same company.
That's why the Soviet Union had a bigger GDP than the US, cooperation, eh?
For example, NASA or the internet.
Or Chernobyl.........