FDR's Message on Corporations and Fascism.

[georgephillip]

That chart should be stapled to the forehead of EVERY Economist on the planet

"The Nixon Shock has been widely considered to be a political success, but an economic mixed bag in bringing on the stagflation of the 1970s and leading to the instability of floating currencies. The dollar plunged by a third during the 1970s..."

"Debates over the Nixon Shock have persisted to the present day, with economists and politicians across the political spectrum trying to make sense of the Nixon Shock and its impact on monetary policy in the light of the financial crisis of 2007–2008."

Nixon shock - Wikipedia

 

[otto105]

The graph just shows the effects of inflation.

Inflation of gold?

PolitiFact - Virginia Tea Party says dollar has lost 98 percent of value under The Fed

"'In 1913 the official price of an ounce of gold was $20.64. Today, an ounce of gold buys $1,370. That is an increase in the price of gold of some 6,530%; seen another way, the value of the dollar versus gold has fallen 98.5 percent,' explained Jamie Jacoby with the Richmond Tea Party."

Apples and oranges, son.

 

[georgephillip]

Why do you need to control the ultra wealthy and big corporations? They can't control you.

They can (and do) control government which, by your own admission, can control you.

 

[dblack]

Why do you need to control the ultra wealthy and big corporations? They can't control you.

They can (and do) control government which, by your own admission, can control you.

They don't control government. Some government officials might whore themselves out to wealthy interests, but that's on them. Corporations have no power to compel them to do so.

 

[georgephillip]

They don't control government. Some government officials might whore themselves out to wealthy interests, but that's on them. Corporations have no power to compel them to do so.

The rich have controlled every major government for thousands of years:

Investment theory of party competition - Wikipedia

"According to Ferguson, who credits the insight to Downs, one of the reasons that wealthy investors are able to influence politics to their advantage is that much of the politically relevant information that is so expensive for ordinary citizens to acquire comes quite naturally to businesses in the course of their daily operations.

"An example might include international banks whose business contacts constitute 'a first-rate foreign policy network'.

"Similarly, economies of scale give businesses an advantage over ordinary voters.

"For example, large investors will routinely consult with lawyers, public relations advisors, lobbyists, and political consultants before acting. The cost of this advice is prohibitively expensive for most citizens."

 

[Toddsterpatriot]

They don't control government. Some government officials might whore themselves out to wealthy interests, but that's on them. Corporations have no power to compel them to do so.

The rich have controlled every major government for thousands of years:

Investment theory of party competition - Wikipedia

"According to Ferguson, who credits the insight to Downs, one of the reasons that wealthy investors are able to influence politics to their advantage is that much of the politically relevant information that is so expensive for ordinary citizens to acquire comes quite naturally to businesses in the course of their daily operations.

"An example might include international banks whose business contacts constitute 'a first-rate foreign policy network'.

"Similarly, economies of scale give businesses an advantage over ordinary voters.

"For example, large investors will routinely consult with lawyers, public relations advisors, lobbyists, and political consultants before acting. The cost of this advice is prohibitively expensive for most citizens."

That's why the Soviet Union was so successful, no wealthy investors or international banks.

 

[georgephillip]

That's why the Soviet Union was so successful, no wealthy investors or international banks.

No corrupt capitalists.

"From the Stalin-era to the early Brezhnev-era, the Soviet economy grew much slower than Japan and slightly faster than the United States.

"GDP levels in 1950 (in billion 1990 dollars) were 510 (100%) in the Soviet Union, 161 (100%) in Japan and 1,456 (100%) in the United States.

"By 1965, the corresponding values were 1,011 (198%), 587 (365%) and 2,607 (179%).[23]

"The Soviet Union maintained itself as the second largest economy in both nominal and purchasing power parity values for much of the Cold War until 1990, when Japan's economy exceeded $3 trillion in nominal value.[24]"

Economy of the Soviet Union - Wikipedia

 

[Toddsterpatriot]

"From the Stalin-era to the early Brezhnev-era, the Soviet economy grew much slower than Japan and slightly faster than the United States.

If you can believe Soviet claims. Do you believe Soviet claims? LOL!

No corrupt capitalists.

They only had honest capitalists? Are you sure?