THIS IS SOCIALISM...The Trump administration just lent $700 million to a trucking company sued for ripping off taxpayers

[Bootney Lee Farnsworth]

This is BULLSHIT, and it is Crony Capitalism, but it is NOT Socialism.

If we're going to engage in crony capitalism, I suppose making it a loan, instead of a gift, is MUCH better.

 

[SassyIrishLass]

Another reminder that merit-based economy is the stuff of romantic mythology.

Daily reminder:

Communism has never worked anywhere.

Thank you for hearing the reminder.

Neither has socialism

 

[dblack]

A ******* trucking company!

Treasury just lent a troubled trucking company $700 million. The company was worth only $70 million

The US Treasury is giving a $700 million loan to YRC Worldwide, a troubled trucking company that warned in May it was in danger of going out of business.

edition.cnn.com

By George, I think you have got it! That is indeed socialism, trump style.

Oh boy! Let's all equivocate on definitions. Much easier than a real discussion.

 

[Bootney Lee Farnsworth]

Another reminder that merit-based economy is the stuff of romantic mythology.

In other words, YOU HATE THE FREE MARKET!!! You hate capitalism. You are a commie.

I can sniff you goose-steppers out like a 'coon dog.

EDIT:
And, so can Norman, dblack, and SassyLassy!

 

[Tom Paine 1949]

...

Without Uncle Sam and the Federal Reserve bailing out over-indebted “zombie corporations” in both the real and “private equity” economy, which is a process that has only been sped up (and covered up) by the COVID-19 contraction, thousands of small, medium size and “too big to fail” U.S. corporations would already have failed. U.S. dollar supremacy and our relative weight in world economy would also long since have been profoundly shaken and reduced.

Letting unprofitable companies fail would, in the long run, substantial strengthen our economy, and the dollar.

That is theoretically (and often really) true in this and similar cases. But it is, at best, only true “in the long run” — by which time many of us will be dead.

Also, without a strong social safety net and a fundamental restructuring of our capitalist economy, the drift toward inequality and the immiseration of lower skilled workers would destroy any hope of remaining a reasonably decent and democratic society. In my opinion, “people’s capitalism” in an interconnected world of giant corporations competing and seeking higher profits is basically an absurdity.

 

[Norman]

Another reminder that merit-based economy is the stuff of romantic mythology.

Daily reminder:

Communism has never worked anywhere.

Thank you for hearing the reminder.

Neither has socialism

Daily reminder 2:

America is nation of freedom and responsibility. Freedom and responsibility has worked every time it has been tried.

Thank you for hearing the reminder.

 

[candycorn]

A ******* trucking company!

So? You don't think we need trucking companies?

no...and we dont need bigots either

Could you explain why you think we don't need trucking companies?

The computer you use to post here got delivered by a trucking company, correct?

Or did the magic computer fairies deliver it?

What about the last meal you ate, did the fairies magically bring that too?

we dont need trucks polluting the environment...just like we dont need homophobes...just like we dont need xenophobes...just like we dont need religious bigots

Tell me how freight is to arrive from point A to point B, C D, etc without trucks?

You're looking ridiculous..... again

have you ever heard of this company before this thread?

 

[dblack]

If we're going to engage in crony capitalism, I suppose making it a loan, instead of a gift, is MUCH better.

I disagree. The principal problem I have with socialism, is that the government invariably uses its power over the economy to bully people. I'm adamantly opposed to government granting favors of any sort, but if it's going to happen, the less strings attached the better.

 

[dblack]

...

Without Uncle Sam and the Federal Reserve bailing out over-indebted “zombie corporations” in both the real and “private equity” economy, which is a process that has only been sped up (and covered up) by the COVID-19 contraction, thousands of small, medium size and “too big to fail” U.S. corporations would already have failed. U.S. dollar supremacy and our relative weight in world economy would also long since have been profoundly shaken and reduced.

Letting unprofitable companies fail would, in the long run, substantial strengthen our economy, and the dollar.

That is theoretically (and sometimes really) true in this and similar cases. But that is, at best, only true “in the long run” — by which time many of us will be dead.

Also, without a social safety net and a fundamental restructuring of our capitalist economy, the drift toward inequality and the immiseration of lower skilled workers would destroy any hope of remaining a reasonably decent and democratic society.

That's a steadfast conviction of the left, but I don't buy it. Government interference in the economy is the primary tool of rent-seeking corporations. It's how they create and maintain "inequality".

In my opinion, “people’s capitalism” in an interconnected world of giant corporations competing and seeking higher profits is basically an absurdity.

What do you mean by "people's capitalism"? Sounds like "socialism".

 

[SassyIrishLass]

A ******* trucking company!

So? You don't think we need trucking companies?

no...and we dont need bigots either

Could you explain why you think we don't need trucking companies?

The computer you use to post here got delivered by a trucking company, correct?

Or did the magic computer fairies deliver it?

What about the last meal you ate, did the fairies magically bring that too?

we dont need trucks polluting the environment...just like we dont need homophobes...just like we dont need xenophobes...just like we dont need religious bigots

Tell me how freight is to arrive from point A to point B, C D, etc without trucks?

You're looking ridiculous..... again

have you ever heard of this company before this thread?

Yep....but you hadn't....take it to the bank

 

[Agit8r]

Another reminder that merit-based economy is the stuff of romantic mythology.

Daily reminder:

Communism has never worked anywhere.

Thank you for hearing the reminder.

Neither has socialism

Daily reminder 2:

America is nation of freedom and responsibility. Freedom and responsibility has worked every time it has been tried.

Thank you for hearing the reminder.

But it hasn't really been tried here. They have been bailing out Wall Street since 1792

 

[Tumblin Tumbleweed]

A ******* trucking company!

Treasury just lent a troubled trucking company $700 million. The company was worth only $70 million

The US Treasury is giving a $700 million loan to YRC Worldwide, a troubled trucking company that warned in May it was in danger of going out of business.

edition.cnn.com

It's not socialism when the Cult does it.

 

[Norman]

Another reminder that merit-based economy is the stuff of romantic mythology.

Daily reminder:

Communism has never worked anywhere.

Thank you for hearing the reminder.

Neither has socialism

Daily reminder 2:

America is nation of freedom and responsibility. Freedom and responsibility has worked every time it has been tried.

Thank you for hearing the reminder.

But it hasn't really been tried here. They have been bailing out Wall Street since 1792

You ******* ignoramus, this nation was built on freedom.

 

[Agit8r]

Another reminder that merit-based economy is the stuff of romantic mythology.

Daily reminder:

Communism has never worked anywhere.

Thank you for hearing the reminder.

Neither has socialism

Daily reminder 2:

America is nation of freedom and responsibility. Freedom and responsibility has worked every time it has been tried.

Thank you for hearing the reminder.

But it hasn't really been tried here. They have been bailing out Wall Street since 1792

You ******* ignoramus, this nation was built on freedom.

by the enslaved. And heavily subsidized by the government---from Hamilton's bounties to industry, to enforcement of the Fugitive Slave Act, to the Land Grants that financed the transcontintal railroads.

All the while, those who did try to live free; stilling their whisky in the backcountry, trying to enjoy the fruits of their own labor through collective bargaining, pursuing social justice by aiding fugitive slaves, were always the target of unjust state power. "Freedom" as such, is nothing more than some nice window dressing, if one isn't willing to participate in the sadistic reindeer games that the ruling class foists upon the masses

 

[candycorn]

Sounds like a bail out for unions which blob supporters suddenly endorse.

 

[Oz and the Orchestra]

A ******* trucking company!

Treasury just lent a troubled trucking company $700 million. The company was worth only $70 million

The US Treasury is giving a $700 million loan to YRC Worldwide, a troubled trucking company that warned in May it was in danger of going out of business.

edition.cnn.com

How the **** is it Socialism, you stupid brain dead *****

 

[Tom Paine 1949]

...

Without Uncle Sam and the Federal Reserve bailing out over-indebted “zombie corporations” in both the real and “private equity” economy, which is a process that has only been sped up (and covered up) by the COVID-19 contraction, thousands of small, medium size and “too big to fail” U.S. corporations would already have failed. U.S. dollar supremacy and our relative weight in world economy would also long since have been profoundly shaken and reduced.

Letting unprofitable companies fail would, in the long run, substantial strengthen our economy, and the dollar.

That is theoretically (and sometimes really) true in this and similar cases. But that is, at best, only true “in the long run” — by which time many of us will be dead.

Also, without a social safety net and a fundamental restructuring of our capitalist economy, the drift toward inequality and the immiseration of lower skilled workers would destroy any hope of remaining a reasonably decent and democratic society.

That's a steadfast conviction of the left, but I don't buy it. Government interference in the economy is the primary tool of rent-seeking corporations. It's how they create and maintain "inequality".

In my opinion, “people’s capitalism” in an interconnected world of giant corporations competing and seeking higher profits is basically an absurdity.

What do you mean by "people's capitalism"? Sounds like "socialism".

What do I mean by “People’s Capitalism”?

Good question. It is an old catchphrase, one I think should be used more frequently, if only to show how far we are from realizing it. Nothing at all like “Socialism,” the idea was used in Eisenhower’s time as a propaganda term to describe what was pictured then as an ideal almost classless society modeled on the U.S.A. (People's capitalism - Wikipedia). It was captured in a nutshell by a 1953 issue of the Hearst magazine House Beautiful: “Our houses are all on one level, like our class structure.”

I am using it to describe an economy where home and stock ownership and good education and “equal opportunity” are universal. A society where class differences are relatively unimportant.

Is this where modern capitalism is taking us? Forget the typical American obsession with blaming “government” for every failure of capitalism. Can one even imagine any way such a reality could come into existence in a world of giant competing international corporations seeking to maximize profit?

 

[dblack]

...

Without Uncle Sam and the Federal Reserve bailing out over-indebted “zombie corporations” in both the real and “private equity” economy, which is a process that has only been sped up (and covered up) by the COVID-19 contraction, thousands of small, medium size and “too big to fail” U.S. corporations would already have failed. U.S. dollar supremacy and our relative weight in world economy would also long since have been profoundly shaken and reduced.

Letting unprofitable companies fail would, in the long run, substantial strengthen our economy, and the dollar.

That is theoretically (and sometimes really) true in this and similar cases. But that is, at best, only true “in the long run” — by which time many of us will be dead.

Also, without a social safety net and a fundamental restructuring of our capitalist economy, the drift toward inequality and the immiseration of lower skilled workers would destroy any hope of remaining a reasonably decent and democratic society.

That's a steadfast conviction of the left, but I don't buy it. Government interference in the economy is the primary tool of rent-seeking corporations. It's how they create and maintain "inequality".

In my opinion, “people’s capitalism” in an interconnected world of giant corporations competing and seeking higher profits is basically an absurdity.

What do you mean by "people's capitalism"? Sounds like "socialism".

What do I mean by “People’s Capitalism”?

Good question. It is an old catchphrase, one I think should be used more frequently, if only to show how far we are from realizing it. Nothing at all like “Socialism,” the idea was used in Eisenhower’s time as a propaganda term to describe what was pictured then as an ideal almost classless society modeled on the U.S.A. (People's capitalism - Wikipedia). It was captured in a nutshell by a 1953 issue of the Hearst magazine House Beautiful: “Our houses are all on one level, like our class structure.”

I am using it to describe an economy where home and stock ownership and good education and “equal opportunity” are universal. A society where class differences are relatively unimportant.

Is this where modern capitalism is taking us? Forget the typical American obsession with blaming “government” for every failure of capitalism. Can one even imagine any way such a reality could come into existence in a world of giant competing international corporations seeking to maximize profit?

I certainly hope that's not where capitalism is taking us. Sounds ridiculous.

 

[eagle1462010]

...

Without Uncle Sam and the Federal Reserve bailing out over-indebted “zombie corporations” in both the real and “private equity” economy, which is a process that has only been sped up (and covered up) by the COVID-19 contraction, thousands of small, medium size and “too big to fail” U.S. corporations would already have failed. U.S. dollar supremacy and our relative weight in world economy would also long since have been profoundly shaken and reduced.

Letting unprofitable companies fail would, in the long run, substantial strengthen our economy, and the dollar.

That is theoretically (and often really) true in this and similar cases. But it is, at best, only true “in the long run” — by which time many of us will be dead.

Also, without a strong social safety net and a fundamental restructuring of our capitalist economy, the drift toward inequality and the immiseration of lower skilled workers would destroy any hope of remaining a reasonably decent and democratic society. In my opinion, “people’s capitalism” in an interconnected world of giant corporations competing and seeking higher profits is basically an absurdity.

They have hit the gas peddle towards the global reset...........the money laundering from the central banks is running it's course............and they want a new scheme for the future........electronic currency.

 

[Tom Paine 1949]

...

Without Uncle Sam and the Federal Reserve bailing out over-indebted “zombie corporations” in both the real and “private equity” economy, which is a process that has only been sped up (and covered up) by the COVID-19 contraction, thousands of small, medium size and “too big to fail” U.S. corporations would already have failed. U.S. dollar supremacy and our relative weight in world economy would also long since have been profoundly shaken and reduced.

Letting unprofitable companies fail would, in the long run, substantial strengthen our economy, and the dollar.

That is theoretically (and sometimes really) true in this and similar cases. But that is, at best, only true “in the long run” — by which time many of us will be dead.

Also, without a social safety net and a fundamental restructuring of our capitalist economy, the drift toward inequality and the immiseration of lower skilled workers would destroy any hope of remaining a reasonably decent and democratic society.

That's a steadfast conviction of the left, but I don't buy it. Government interference in the economy is the primary tool of rent-seeking corporations. It's how they create and maintain "inequality".

In my opinion, “people’s capitalism” in an interconnected world of giant corporations competing and seeking higher profits is basically an absurdity.

What do you mean by "people's capitalism"? Sounds like "socialism".

What do I mean by “People’s Capitalism”?

Good question. It is an old catchphrase, one I think should be used more frequently, if only to show how far we are from realizing it. Nothing at all like “Socialism,” the idea was used in Eisenhower’s time as a propaganda term to describe what was pictured then as an ideal almost classless society modeled on the U.S.A. (People's capitalism - Wikipedia). It was captured in a nutshell by a 1953 issue of the Hearst magazine House Beautiful: “Our houses are all on one level, like our class structure.”

I am using it to describe an economy where home and stock ownership and good education and “equal opportunity” are universal. A society where class differences are relatively unimportant.

Is this where modern capitalism is taking us? Forget the typical American obsession with blaming “government” for every failure of capitalism. Can one even imagine any way such a reality could come into existence in a world of giant competing international corporations seeking to maximize profit?

Please forgive my quoting myself. I fear folks might misunderstand my last paragraph.

I meant the last paragraph ironically. I DON’T believe we are heading toward a “People’s Capitalism,” much as I wish we were.

It was a pretty picture. A dream. Propaganda. Only a political and cultural revolution, leading to thorough progressive social and democratic reforms, and dramatic changes in international relations as well, can lead us to such a society.

Even dreaming of such a society was only possible in the U.S. after WWII, when the “American Dream” seemed realizable because of U.S. world dominance, social peace, more progressive tax structures and strong trade unions equalizing wage differentials between management and workers.