Covid-Capitalism Fails Most Basic Test of National Legitimacy

[LordBrownTrout]

Our attempt to blame Capitalism for this, is absurd.

Capitalism does nothing without a profit motive.
Stockpiling in advance for an inevitable pandemic is not profitable
What's the logical conclusion?

I've built and sold three businesses, paid my employees 20 percent over industry standards. There has to be a profit. Otherwise, what's the point?

 

[LordBrownTrout]

Capitalism often pursues profit at the expense of more urgent social needs and values. In this, capitalism is grossly inefficient.

This nonsense assumes that "urgent social needs and values" are the objective.

If a good caveman hunter has lots of food, while shitty, lazy "hunters" starve, his hunting practices of pursuing as many kills as he can get ("profit") ignores the **** out of the bullshit, irrelevant "social needs" of all other hunters. What do we call those lazy hunter demanding his kills? What do we call them when they take it by force or threat of force? What about when the lazy bitches get someone else to "confiscate" for them (steal)?

How is that any different than government doing the lazy shit's bidding?

You think human existence is not inherently a violent stare of war? You think the purpose of society is anything other than a truce?

This is why commies like you are irrational. You don't understand the hell and severe violence you are encouraging.

We will not sit back and let it happen.

Kill a commie for mommy.
.

Your ignorance of how capitalism works or should work, is acknowledged. But your caveman comparison is very weak.

No caveman could or would hunt on his own. It was too dangerous. Meat animals - are all too large. All kills were shared with all members of the tribe. Even those too old, or too injured to hunt. The lazy got less, but they were still taken care of because PEOPLE FIRST. The hunter who made the kill got the choisest cuts, and he got the skin for his robes,

The caveman also didn't go out and make kill after kill, after kill. A great hunter wasn't one who had the most kills. That would serve no purpose either. The meat would rot. There were no refrigerators. A great hunter was one who provided for his people, reliably and steadily.

That's was the purpose of hunting, to provide for your people. Capitalism as practiced by Americans, isn't for providing for your people, it's about the accumulation of wealth for the rich.

It is shocking to see that Americans are more worried about their economy and they are about their people. You have ceased to be a nation when you cease to care about your fellow Americans. All my life I've hear Americans say that the American economy "can't afford" universal government funded health care for the people.

Look what you are doing to your people in the name of the economy.

If we have no economy or revenue, we have no food. Try to think this through.

 

[Mac-7]

Socialists in power always feather their own nest first

in happened in russia, china and cuba where the ruling party members lived in luxury while the people do without

obama fits right in with that crowd

Obama is a corporate Democrat who told his base to vote Republican if they didn't like NAFTA. His Justice Department failed to prosecute a single Wall Street banker for their role in the greatest economic downturn since the Great Depression. Goldman Sachs donated $900,000 to his 2008 campaign; ask yourself how that compares to how much they invested in Bernie Sanders.

Obama is an opportunist

when he lucked into being president there was no chance to impose communism on America

but if he was AOC’s age he’d be a full brown socislist

 

[Mac-7]

Can california last intil june 1 without collecting state and local taxes?

to me that is becoming the biggest question for all the states

That's a good question.
California shut down around March 16th.
I think it will survive relatively well until the middle of June; however, if it reopens too soon and gets hit with another surge in cases next November, public health and safety could decline very quickly. I suspect most Americans will be living on a knife's edge until the first vaccine arrives?

Americans may be disappointed to find that no one vaccine will defeat all the stains of the chinese disease as it continues to mutate

 

[Toddsterpatriot]

illy ******* PROGS. Europe leads the way in national healthcare, can some explain to the dumbass liberal many of them have more cases per million and a mortality rate lower than most. ILMAO blaming a crash on capitalism.

Can't connect the dots between an economic system that functions like a cancer cell and deadly virus? Maybe the lack of universal healthcare, an absence of federally-guaranteed paid sick leave, and allowing for-profit Big Pharma to lead the response to a public health crisis will open your eyes before the next surge comes in the Fall.

U.S. Capitalism Confronts Coronavirus — For the Wealthy

an economic system that functions like a cancer cell

Communism has killed very country it infected.

 

[Toddsterpatriot]

Userious levels of debt?”

you mean consumers spending money they have not yet earned?

Helicopter money inflates the money supply without creating anything except demand

One of capitalism's core principles involves the relationship between spending and income, consumption and production. Increasing the money supply won't necessarily lead to inflation IF the new money creates new production of goods and services. For the last forty years most helicopter money has gone into finance which has lead to exorbitant inflation in assets. like stocks and real estate. While some consumers have acquired record levels of debt from funding lifestyles beyond their ability to pay for, others have been forced to substitute credit cards for cash in order to provide the basics like food, shelter, and education for their families.

One chart that shows how much worse income inequality is in America than Europe

For the last forty years most helicopter money has gone into finance

Please share your definition of "helicopter money".

 

[georgephillip]

ou should apply for Cuban citizenship.

If the ongoing health and economic crisis hasn't convinced you the US needs to stop privatizing profits and socializing costs, perhaps you would be happier in Russia?

Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs

 

[georgephillip]

illy ******* PROGS. Europe leads the way in national healthcare, can some explain to the dumbass liberal many of them have more cases per million and a mortality rate lower than most. ILMAO blaming a crash on capitalism.

Can't connect the dots between an economic system that functions like a cancer cell and deadly virus? Maybe the lack of universal healthcare, an absence of federally-guaranteed paid sick leave, and allowing for-profit Big Pharma to lead the response to a public health crisis will open your eyes before the next surge comes in the Fall.

U.S. Capitalism Confronts Coronavirus — For the Wealthy

an economic system that functions like a cancer cell

Communism has killed very country it infected.

'Biggest Coronavirus Stimulus of All': Richest Man in the World Jeff Bezos Now $24 Billion Richer Amid Pandemic

"'Our society cannot sustain itself when so few have so much, while so many have so little,' said Sen. Bernie Sanders."

 

[georgephillip]

Labor is exchanged for capital and capital for labor.

You act like the wage is never paid or that the wage is a mere bonus and labor itself results in the ownership of the means. Your thinking is ass backwards.

Capital does not exist without labor.
The inverse does not hold.
Placing capital on an equal footing with labor in the structure of government leads to the destruction of society.

Both major corporate parties support capital (shareholder) privilege over labor; choosing between a senile clown and corrupt crony capitalist won't change anything fundamental. We are living in a world where capital gorges on tax cuts, bailouts, government contracts, free money from the Fed, and monopoly profit, creating and perpetuating a reserve army of labor that's unemployed, in debt up to its eyeballs, and unable to see a doctor when ill. The obvious solution is to elevate the interests of labor over those of capital.

Lincoln: "Labor Is the Superior of Capital"

 

[LuckyDuck]

And yet, Comrade, you and your Commie friends continue to live here, rather than move to your Communist Eden of China, Cuba, Vietnam or, North Korea, where absolutely "everyone" has to march to the beat of the same order, or face imprisonment or death.

China and Cuba do a better job of testing than MAGA land:

The US economy can't reopen without widespread coronavirus testing. Getting there will take a lot of work and money

"There are only about 120,000 samples or so being tested each day for the coronavirus in the United States, according to the federal Centers for Disease Control and Prevention.

"Experts say that millions of people will have to be tested each day, even as many as 20 million to 30 million people, before the nation can return to a semblance of economic normality."

Maybe you would be happier in Russia?

China and Cuba do a better job of testing than MAGA land:

Liar.

And, you're going to believe Communist countries being upfront and honest. LOL!

 

[georgephillip]

I've built and sold three businesses, paid my employees 20 percent over industry standards. There has to be a profit. Otherwise, what's the point?

Many small business owners earn their profit.
That isn't the case with shareholders.

"Today, our worldview has a bias – that stockholders are to be paid as much as possible, while employees are to be paid as little as possible. 'Income for one group is declared good, and income for another group is declared bad.'

"Nowhere is this more clear than in our financial statements.

"Here’s the basic formula you’ll find on financial statements:

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)"

The Divine Right of Capital by Marjorie Kelly: A Summary

The author of this book is a third-generation small business owner with the writing ability to make every sentence resonate even for those like myself who have never had to meet payroll.

 

[georgephillip]

If we have no economy or revenue, we have no food. Try to think this through.

China locked down a city of 11 million and used fleets of 18-wheelers to supply food. Do you think the US military could perform similar functions here, if necessary?

 

[Toddsterpatriot]

illy ******* PROGS. Europe leads the way in national healthcare, can some explain to the dumbass liberal many of them have more cases per million and a mortality rate lower than most. ILMAO blaming a crash on capitalism.

Can't connect the dots between an economic system that functions like a cancer cell and deadly virus? Maybe the lack of universal healthcare, an absence of federally-guaranteed paid sick leave, and allowing for-profit Big Pharma to lead the response to a public health crisis will open your eyes before the next surge comes in the Fall.

U.S. Capitalism Confronts Coronavirus — For the Wealthy

an economic system that functions like a cancer cell

Communism has killed very country it infected.

'Biggest Coronavirus Stimulus of All': Richest Man in the World Jeff Bezos Now $24 Billion Richer Amid Pandemic

"'Our society cannot sustain itself when so few have so much, while so many have so little,' said Sen. Bernie Sanders."

Wait, are you saying that shareholders make money when their stock goes up?

Well, shit, you'd better alert the media!!!!

 

[Toddsterpatriot]

And yet, Comrade, you and your Commie friends continue to live here, rather than move to your Communist Eden of China, Cuba, Vietnam or, North Korea, where absolutely "everyone" has to march to the beat of the same order, or face imprisonment or death.

China and Cuba do a better job of testing than MAGA land:

The US economy can't reopen without widespread coronavirus testing. Getting there will take a lot of work and money

"There are only about 120,000 samples or so being tested each day for the coronavirus in the United States, according to the federal Centers for Disease Control and Prevention.

"Experts say that millions of people will have to be tested each day, even as many as 20 million to 30 million people, before the nation can return to a semblance of economic normality."

Maybe you would be happier in Russia?

China and Cuba do a better job of testing than MAGA land:

Liar.

And, you're going to believe Communist countries being upfront and honest. LOL!

George is a commie, he's not very bright.

 

[georgephillip]

Communism has killed very country it infected.

Capitalism had a few centuries head start, and it is still KILLING millions as we speak.

 

[Toddsterpatriot]

I've built and sold three businesses, paid my employees 20 percent over industry standards. There has to be a profit. Otherwise, what's the point?

Many small business owners earn their profit.
That isn't the case with shareholders.

"Today, our worldview has a bias – that stockholders are to be paid as much as possible, while employees are to be paid as little as possible. 'Income for one group is declared good, and income for another group is declared bad.'

"Nowhere is this more clear than in our financial statements.

"Here’s the basic formula you’ll find on financial statements:

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)"

The Divine Right of Capital by Marjorie Kelly: A Summary

The author of this book is a third-generation small business owner with the writing ability to make every sentence resonate even for those like myself who have never had to meet payroll.

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

7+3 = 115-(90+15)

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)"

90+3 = 115-(7+15)

Doesn't look like anything changed. Now what?

 

[Toddsterpatriot]

Communism has killed very country it infected.

Capitalism had a few centuries head start, and it is still KILLING millions as we speak.

Why would I mention your commie lie?

 

[georgephillip]

when he lucked into being president there was no chance to impose communism on America

but if he was AOC’s age he’d be a full brown socislist

If Obama had been a socialist, he would never have come close to winning the POTUS nomination, and it's beginning to look like AOC will have trouble holding her seat:

Wall Street Titans Finance Democratic Primary Challenger to Rep. Alexandria Ocasio-Cortez

"WALL STREET TITANS are financing a direct challenge to firebrand progressive lawmaker Rep. Alexandria Ocasio-Cortez in the New York primary on June 23.

"Disclosures show that over four dozen finance industry professionals, including several prominent private equity executives and investment bankers, made early donations to Michelle Caruso-Cabrera, a former CNBC contributor who is challenging Ocasio-Cortez.

"Caruso-Cabrera was a registered Republican until a few years ago and authored a 2010 book advocating for several conservative positions, including an end to Medicare and Social Security, which she called 'pyramid schemes.'

"The donors include Glenn Hutchins, the billionaire co-founder of..."

 

[LuckyDuck]

If we have no economy or revenue, we have no food. Try to think this through.

China locked down a city of 11 million and used fleets of 18-wheelers to supply food. Do you think the US military could perform similar functions here, if necessary?

Our nation's truckers and their 18-wheelers are actually working overtime to meet the demands in our cities. Any shortages in stock and it's the fault of the idiotic hoarders who think that they must have 100 rolls or more of toilet paper or 50 bottles or more of hand sanitizer. Blame them.
Personally, I'd rather live in this nation than any nation that mandates that absolutely everyone march to the drum of the government, or be jailed or worse.

 

[georgephillip]

Wait, are you saying that shareholders make money when their stock goes up?

How many productive employees were sacrificed for shareholder gains?

7 Reasons Stock Buybacks Should Be Illegal