Debt is Pushing the US Into Fascism

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georgephillip

georgephillip

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For example, every time Trump says America is a force for good in the world... that should be a uniting statement. But the left claims it is divisive.
The left recognizes your example "America is a force for good in the world" is a lie of Trumpian proportions. There is no way adherents of white supremacy can affect US politics without dividing Americans.
 
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georgephillip

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They paid for the equipment, raw materials and factory that the workers need to earn their wages.
No they didn't.
They placed bets in a Ponzi Scheme.


The Incredibly Unproductive Shareholder

"Yes, shareholders. I know that we have all been trained to worship shareholders and to assume that their interests trump all others, but the fact is, stock-market investors have become, collectively, an extraordinarily unproductive force in business. Indeed, for the last two decades, their contribution to corporations has been literally negative."
 
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georgephillip

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As long as we keep electing wealthy men to lead the nation, the gap between the average worker and the rich guy is going to grow regardless if party. But oh my one is not to talk about class division. I call bull on that.
There's no doubt in my mind both major parties serve the same richest ten percent of voters, but it's also worth noting how 2020 will be the first presidential election in the last 40 years to take place without the requirement for the RNC to obtain a federal judge's approval for any "ballot security" operations at the polls.

Ballot Security Task Force - Wikipedia

"The National Ballot Security Task Force (BSTF) was a controversial group founded in 1981 in New Jersey by the Republican National Committee (RNC) as a means of intimidating voters and discouraging voter turnout among likely Democratic voters in the gubernatorial election.

"The group's activities prompted the Democratic National Committee (DNC) to bring a federal lawsuit, alleging a violation of the Voting Rights Act, illegal harassment, and voter intimidation.

"The RNC and New Jersey Republican State Committee entered into a consent decree in 1982, barring them from engaging in further such conduct until 2017. The RNC unsuccessfully tried to lift the consent decree early; these attempts were rejected by the federal courts each time.

"The consent decree was set to expire on December 1, 2017. Democrats sought an extension to it based on allegations of new conduct, but the request was denied in January 2018 and the decree expired.[1]"
 
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georgephillip

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He bought the equipment, raw materials and factory. All he owes labor is a wage.

Without the person who invested the money, there is no building. No factory. No machines. No equipment.
90% of shareholders have never contributed a penny towards the building, factories, machines, or equipment; they have simply participated in a Ponzi Scheme based on finding a Greater Sucker to increase their gain$ from capital.
 
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georgephillip

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Ok that's all fine but then when people say it's bad to bring up class division that is not true. We are divided by class. What is wrong with saying it?
Americans would rather die homeless on the continent their forefathers occupied than admit the existence of the class war in their homeland:

Class conflict - Wikipedia
 

Toddsterpatriot

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They paid for the equipment, raw materials and factory that the workers need to earn their wages.
No they didn't.
They placed bets in a Ponzi Scheme.


The Incredibly Unproductive Shareholder

"Yes, shareholders. I know that we have all been trained to worship shareholders and to assume that their interests trump all others, but the fact is, stock-market investors have become, collectively, an extraordinarily unproductive force in business. Indeed, for the last two decades, their contribution to corporations has been literally negative."
No they didn't.
They placed bets in a Ponzi Scheme.


A Ponzi scheme has no earnings behind it.

but the fact is, stock-market investors have become, collectively, an extraordinarily unproductive force in business

More productive than you. I know, low bar.
 
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georgephillip

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How is that neoliberalism?

How did Trump or Obama force that on them?

They didn't. The greeks voted for free stuff, and like all socialism, ran out of other people's money.
From 2014:

"Greece is the most recent and historically unprecedented neoliberal experiment on a global scale.

"The neoliberal offensive is moving head on in the country and, if Chile 'was the laboratory for the early phases, Greece has become the laboratory for an even more fierce implementation.'(1)

"What we have in place right now in Greece can be best described as the 'downsizing of a country'(2) that brings profound changes in its social and economic fabric.

"Greece’s economy has shrunk by nearly one-third since 2007, and the debt has become unmanageable."

Neoliberalism as Social Necrophilia: The Case of Greece

Rich Greeks refused to pay taxes while the politicians who served their interests inflicted massive levels of debt on Greek society as a whole. In other words, capitalism strikes again.
 
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georgephillip

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There is not one single decision made by the Greek people, with the Greek government, that you can blame on Obama, or Trump, or anyone.
How many decisions did the Greek people make regarding monetary policy after the formation of the EU? When a government doesn't control a sovereign currency, how can it cope with economic crises like the crash of capitalism in 2008?
 
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Audit 10% of all returns over $500,000 and 100% of all returns over $10,000,000.

Predators go where the prey is, and why go after minnows when you can get fat salmon full of roe.
Hang all speculators?

Speculators Were Hung in the 17th Century. Ah, 'The Good Old Days'

"Speculators at megabanks or investment firms such as Goldman Sachs are not, in a strict sense, capitalists.

"They do not make money from the means of production...

"They are parasites.

"They feed off the carcass of industrial capitalism.

"They produce nothing.

"They make nothing.

"They just manipulate money.

"Speculation in the 17th century was a crime.

"Speculators were hanged." - 'Overthrow the Speculators', by Chris Hedges."
 
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georgephillip

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Anyone who opposes free public education is close to having a learning disability.

Want to get a hold of debt and deficit? Go after DOD and perpetual warfare.
There is an argument with supporters on the left and right which claims a state of eternal war is the main factor propping up the US dollar?

How the US Wages War to Prop up the Dollar | Ryan McMaken

"At Counterpunch, Michael Hudson has penned an important article that outlines the important connections between US foreign policy, oil, and the US dollar.

"In short, US foreign policy is geared very much toward controlling oil resources as part of a larger strategy to prop up the US dollar. Hudson writes..."
 

JakeStarkey

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If that is economicaly true, georgephillip, we are fucked.
 
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georgephillip

georgephillip

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Now that is absolutely ridiculous.

Name one.... just one... that wouldn't be rich, and provide clear proof of that.

All of them would be rich.
If the CBO's analysis is correct and some US taxpayers have failed to pay "hundreds of billions of dollars" in taxes, it follows they would all be less rich than they are today and some would not be rich period.
 
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georgephillip

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If there were no financial sector, how do people get loans to build things?
Public banks can afford every service as private banks at a fraction of the cost:

Speculators Were Hung in the 17th Century. Ah, 'The Good Old Days'

"The Bank of North Dakota, the vision of socialists from a century ago, has been in operation for 90 years.

"It offers the state’s farmers and businesses low interest rates on loans.

"After floods destroyed much of Grand Forks in 1997 the bank provided a six-month moratorium on mortgage payments and gave low-interest loans to the community to rebuild, a sharp contrast with the raw exploitation that marked the arrival of Wall Street bankers and speculators in Gulf Coast areas hit by Hurricane Katrina."
 

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