Capitalism is NOT Democratic: Democracy is NOT Capitalist

[georgephillip]

They paid the same as white people, moron.

Staggering Loss of Black Wealth Due to Subprime Scandal Continues Unabated

 

[georgephillip]

The USSR, for one.

When did the USSR invade and occupy another country on the opposite side of the planet?

 

[Uriel]

Staggering Loss of Black Wealth Due to Subprime Scandal Continues Unabated

When considering that the CRA generally pushed banks to lend more to the poor and minorities in particular, this isn't surprising.

FICO scores don't tell the whole story of a person's finances. While it is useful in some measures, it still won't cover intangibles like cultural differences. If you give 1,000 families the same amount of money, they're not all going to spend it the same way, even if they are starting with the same finances and assets.

We see this with how many Asian groups come to America oftentimes with little money but manage to rise up economically much faster than blacks, Latinos, and oftentimes whites as well. Economic mobility can be quantified in terms of results but not often by causes.

 

[Toddsterpatriot]

Staggering Loss of Black Wealth Due to Subprime Scandal Continues Unabated

What are the default rates among borrowers with a FICO score of 660 or higher by race?

 

[Toddsterpatriot]

When did the USSR invade and occupy another country on the opposite side of the planet?

How many European countries did the USSR invade and occupy?

 

[Uriel]

When did the USSR invade and occupy another country on the opposite side of the planet?

The USSR generally took more the kind of approach we did with Latin America. We had certain regimes we toppled with CIA-supported coups, while they had ones they did clandestinely.

It is true that they didn't typically enter fullscale war outside of their local region, although that's probably more due to the fact that they were the world's largest country in land area for about 70 years.

 

[bripat9643]

When did the USSR invade and occupy another country on the opposite side of the planet?

So it's OK if the country they invade and occupy is closer?

 

[bripat9643]

Staggering Loss of Black Wealth Due to Subprime Scandal Continues Unabated

Your FICO score isn't the only thing that determines your credit worthyness.

Who are the authors of this chart? They appear to be a group of nobody communists.

 

[bripat9643]

Lower capital gains tax rates and stock buybacks distort the market.
When was the last time a politician legally shot someone?

Income taxes, period, distort the market, so why don't we just abolish them?

What does your quote have to do with anything?

 

[tahuyaman]

We've had fractional reserve banking for more than 250 years.

And without it, we’d have a cash only society.

 

[tahuyaman]

…When was the last time a politician legally shot someone?

Good question. When?

 

[tahuyaman]

Is it (capitalism) compatible with democracy?

Yes

 

[georgephillip]

So lets end the World Bank. I'm perfectly OK with that. You see, I don't gigantic multinational organizations are a good way to promote capitalism.

World Bank loans subsidize US capitalism by inflicting an immense debt burden of third world countries. Under socialism the World Bank would cease to exist.

Michael Hudson Discusses the IMF and World Bank: Partners In Backwardness | naked capitalism

"It (World Bankl) was set up basically by the United States in 1944, along with its sister institution, the International Monetary Fund (IMF).

"Their purpose was to create an international order like a funnel to make other countries economically dependent on the United States.

"To make sure that no other country or group of countries – even all the rest of the world – could not dictate U.S. policy.

"American diplomats insisted on the ability to veto any action by the World Bank or IMF.

"The aim of this veto power was to make sure that any policy was, in Donald Trump’s words, to put America first. 'We’ve got to win and they’ve got to lose.'"

 

[georgephillip]

Poor Russia, it's almost like their neighbors don't trust them.

How many times in the last century has Europe and the US invaded Russia? How does that number compare to the inverse?

 

[bripat9643]

World Bank loans subsidize US capitalism by inflicting an immense debt burden of third world countries. Under socialism the World Bank would cease to exist.

Michael Hudson Discusses the IMF and World Bank: Partners In Backwardness | naked capitalism

"It (World Bankl) was set up basically by the United States in 1944, along with its sister institution, the International Monetary Fund (IMF).

"Their purpose was to create an international order like a funnel to make other countries economically dependent on the United States.

"To make sure that no other country or group of countries – even all the rest of the world – could not dictate U.S. policy.

"American diplomats insisted on the ability to veto any action by the World Bank or IMF.

"The aim of this veto power was to make sure that any policy was, in Donald Trump’s words, to put America first. 'We’ve got to win and they’ve got to lose.'"

So the world Bank harms other countries by giving them money?

That has to be the dumbest claim ever made about world government.

I would be happy to abolish the World Bank tomorrow. It's no friend of capitalism

 

[georgephillip]

Just to be clear, you are supporting what china is doing in africa and other poor countries?

I don't know enough about China's foreign policy to support its actions. I assume its commitment to capitalism requires a degree of exploitation of local resources and populations; however, China is not sending its military half-way around the globe to maim, murder, and displace millions of innocent civilians unlike the US capitalists.

 

[bripat9643]

How many times in the last century has Europe and the US invaded Russia? How does that number compare to the inverse?

Germany is not Europs. Taking a side in the Russian civil war is not "invading" it. After the commies took over, the USSR invalided Poland (twice), Finland, Latvia, Estonia, Lithuania, Bessarabia, Northern Bukovina, Iran, Hungary. Romania, Bulgaria, Czechoslovakia, Northern Norway, Bornholm, Denmark, Germany, Austria, Manchuria, Korea, the Kuril Islands, Afghanistan, parts of Georgia and Ukraine

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[bripat9643]

I don't know enough about China's foreign policy to support its actions. I assume its commitment to capitalism requires a degree of exploitation of local resources and populations; however, China is not sending its military half-way around the globe to maim, murder, and displace millions of innocent civilians unlike the US capitalists.

Yeah, it only invades its neighbors like Vietnam, South Korea and Nepal,

 

[Toddsterpatriot]

World Bank loans subsidize US capitalism by inflicting an immense debt burden of third world countries.

That's awful!!!

Why do idiots in the third world keep borrowing?

 

[Toddsterpatriot]

How many times in the last century has Europe and the US invaded Russia?

Eastern Europe deserved to be enslaved by the USSR because Germany? LOL!

Damn, you come up with some funny shit.