This is why capitalism is broken

danielpalos

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Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!
So work somewhere else.

It's like common sense defies some people lol.

Capitalism is working just fine
lol.

Capitalism is working just fine.

Common sense means stop complaining about taxes.

Work somewhere that pays better so taxes don't bother you.
 

danielpalos

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For all capitalism’s imperfections it’s still the best system...and you guys know this you just want to bitch, otherwise you’d stop debating and move where there is a less capitalist economy
Government is socialism. Free market capitalism doesn't exist since the fall of Mogadishu.
 

Rocko

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For all capitalism’s imperfections it’s still the best system...and you guys know this you just want to bitch, otherwise you’d stop debating and move where there is a less capitalist economy
Government is socialism. Free market capitalism doesn't exist since the fall of Mogadishu.
Learn what socialism is. Secondly no one will claim unfettered capitalism is a good thing, except for a few morons here, but the basic foundation of our economic system is a capitalism. There’s an argument to be made for more capitalism or less capitalistic, but no capitalism is a childish argument, and the people making it should simply move. I’m for more capitalism, less government interference, less cronyism, more private sector competition, no picking winners and losers.
 

Grampa Murked U

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Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!
So work somewhere else.

It's like common sense defies some people lol.

Capitalism is working just fine
Do you honestly think it is mathematically possible for all or most of those people to find a better paying job? Do you just assume higher paying jobs are in a abundant supply? What fantasy land do you live in? Even if all those people could, who would be left behind to do those service jobs?
Yes, higher paying jobs are available. Hell, I pay more than those companies and I run an insignificant tinyass business by comparison. But of course you know most of those people don't want a job that requires a skill & hard work. If they did they could easily move on.
How is it my problem people lack ambition, drive, fortitude, desire and every other characteristic that defines the go getters in our society?

If you want things in life you have to GO GET THEM YOURSELF
 

Indeependent

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For all capitalism’s imperfections it’s still the best system...and you guys know this you just want to bitch, otherwise you’d stop debating and move where there is a less capitalist economy
Government is socialism. Free market capitalism doesn't exist since the fall of Mogadishu.
And occasional excessive taxation to support your local nepotism/cronyism infested Government can cause people to lose their homes when they can no longer pay their taxes.
 
OP
Billy000

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Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!
So work somewhere else.

It's like common sense defies some people lol.

Capitalism is working just fine
Do you honestly think it is mathematically possible for all or most of those people to find a better paying job? Do you just assume higher paying jobs are in a abundant supply? What fantasy land do you live in? Even if all those people could, who would be left behind to do those service jobs?
Yes, higher paying jobs are available. Hell, I pay more than those companies and I run an insignificant tinyass business by comparison. But of course you know most of those people don't want a job that requires a skill & hard work. If they did they could easily move on.
How is it my problem people lack ambition, drive, fortitude, desire and every other characteristic that defines the go getters in our society?

If you want things in life you have to GO GET THEM YOURSELF
Okay obviously higher paying jobs exist. The problem is that they are few and far between. That means that even if one tries their darndest, millions of people are still out of luck.
 

Drop Dead Fred

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Immigration patterns prove that when workers want a better life, they move to capitalist countries.

People move from Cuba to the U.S., not the other way around.

When the Berlin Wall came down, people from from East to West, not the other way around.

People risk getting shot while trying to go from North Korea to South Korea. No one goes the other way.

Communism is so horrible that even the people who claim to be in favor of it never actually move to communist countries.
 

sparky

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Always remember that corporatism and capitalism are different. Recognizing that distinction is crucial to the survival of capitalism. Once it is recognized, we can start to defend capitalism in America and root out the corporatist elements of our current economic system

An apt, and to the 'point' article Mr B....
~S~
This is nonsense ahistorical “economics” that posits a “real capitalism” that reflects 18th or 19th century theories of capitalism — of course without slavery, colonialism, child labor, industrial sweatshops, etc. A capitalism of artisans and hardworking farmers like Jefferson imagined.

However, real capitalism today is exactly what we have in the Western world (and its Third World subject nations) in its somewhat different varieties. In this really existing capitalism, corporations and corporate stock ownership and other financial instruments are the main capitalist economic organizations and main source of wealth, and money is fiat money issued by Central banks like the Federal Reserve. This is what real existing historical capitalism has become!
like this>>>?

1606481493624.png

 

danielpalos

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Secondly no one will claim unfettered capitalism is a good thing, except for a few morons here, but the basic foundation of our economic system is a capitalism. There’s an argument to be made for more capitalism or less capitalistic, but no capitalism is a childish argument, and the people making it should simply move. I’m for more capitalism, less government interference, less cronyism, more private sector competition, no picking winners and losers.
Truer capitalism under the Articles of Confederation failed. Any questions?
 

danielpalos

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Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!
So work somewhere else.

It's like common sense defies some people lol.

Capitalism is working just fine
Do you honestly think it is mathematically possible for all or most of those people to find a better paying job? Do you just assume higher paying jobs are in a abundant supply? What fantasy land do you live in? Even if all those people could, who would be left behind to do those service jobs?
Yes, higher paying jobs are available. Hell, I pay more than those companies and I run an insignificant tinyass business by comparison. But of course you know most of those people don't want a job that requires a skill & hard work. If they did they could easily move on.
How is it my problem people lack ambition, drive, fortitude, desire and every other characteristic that defines the go getters in our society?

If you want things in life you have to GO GET THEM YOURSELF
lol. Stop complaining about taxes and simply become a better capitalist and get the job you want that pays what you want so you won't feel any need to complain about taxes.
 

danielpalos

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For all capitalism’s imperfections it’s still the best system...and you guys know this you just want to bitch, otherwise you’d stop debating and move where there is a less capitalist economy
Government is socialism. Free market capitalism doesn't exist since the fall of Mogadishu.
And occasional excessive taxation to support your local nepotism/cronyism infested Government can cause people to lose their homes when they can no longer pay their taxes.
Equal protection of the laws can solve simple poverty.
 

danielpalos

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Immigration patterns prove that when workers want a better life, they move to capitalist countries.

People move from Cuba to the U.S., not the other way around.

When the Berlin Wall came down, people from from East to West, not the other way around.

People risk getting shot while trying to go from North Korea to South Korea. No one goes the other way.

Communism is so horrible that even the people who claim to be in favor of it never actually move to communist countries.
People have been leaving the old world for over two hundred years.
 

Indeependent

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For all capitalism’s imperfections it’s still the best system...and you guys know this you just want to bitch, otherwise you’d stop debating and move where there is a less capitalist economy
Government is socialism. Free market capitalism doesn't exist since the fall of Mogadishu.
And occasional excessive taxation to support your local nepotism/cronyism infested Government can cause people to lose their homes when they can no longer pay their taxes.
Equal protection of the laws can solve simple poverty.
Equal protection will occur when robots replace humans in positions of power.
 

Toddsterpatriot

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Always remember that corporatism and capitalism are different. Recognizing that distinction is crucial to the survival of capitalism. Once it is recognized, we can start to defend capitalism in America and root out the corporatist elements of our current economic system

An apt, and to the 'point' article Mr B....
~S~
This is nonsense ahistorical “economics” that posits a “real capitalism” that reflects 18th or 19th century theories of capitalism — of course without slavery, colonialism, child labor, industrial sweatshops, etc. A capitalism of artisans and hardworking farmers like Jefferson imagined.

However, real capitalism today is exactly what we have in the Western world (and its Third World subject nations) in its somewhat different varieties. In this really existing capitalism, corporations and corporate stock ownership and other financial instruments are the main capitalist economic organizations and main source of wealth, and money is fiat money issued by Central banks like the Federal Reserve. This is what real existing historical capitalism has become!
like this>>>?

View attachment 422043
If that was supposed to be a scary link.......

1606492574423.png


It didn't work.
 

MisterBeale

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Always remember that corporatism and capitalism are different. Recognizing that distinction is crucial to the survival of capitalism. Once it is recognized, we can start to defend capitalism in America and root out the corporatist elements of our current economic system

An apt, and to the 'point' article Mr B....
~S~
This is nonsense ahistorical “economics” that posits a “real capitalism” that reflects 18th or 19th century theories of capitalism — of course without slavery, colonialism, child labor, industrial sweatshops, etc. A capitalism of artisans and hardworking farmers like Jefferson imagined.

However, real capitalism today is exactly what we have in the Western world (and its Third World subject nations) in its somewhat different varieties. In this really existing capitalism, corporations and corporate stock ownership and other financial instruments are the main capitalist economic organizations and main source of wealth, and money is fiat money issued by Central banks like the Federal Reserve. This is what real existing historical capitalism has become!
like this>>>?

View attachment 422043
$1.5 Quadrillion Derivatives Time Bomb
Stock-Markets / Derivatives Jul 25, 2015 - 09:40 PM GMT
By: STRATFOR


"When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.

Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion - about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes.

The late Bob Chapman predicted it. So does Paul Craig Roberts. It could “destroy Western civilization,” he believes. Financial deregulation turned Wall Street into a casino with no rules except unrestrained making money. Catastrophic failure awaits. It’s just a matter of time.

Ellen Brown calls the “derivatives casino...a last-ditch attempt to prop up a private pyramid scheme” - slowly crumbling under its own weight.

For years, Warren Buffett called derivatives “financial time bombs” - for economies and ordinary people.

Unless collateralized or guaranteed, their worth depends on the creditworthiness of counter-parties. Earnings on derivatives are “wildly overstated,” Buffett explains - because they’re “based on estimates whose inaccuracy may not be exposed for many years.”

When corporate bosses ask financial executives how profits look in any quarter, they, in turn, ask how much do you want, then manipulate things to oblige when told.. . .




The COVID Coup: The BlackRock Takeover Of American Interests
 

Toddsterpatriot

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Always remember that corporatism and capitalism are different. Recognizing that distinction is crucial to the survival of capitalism. Once it is recognized, we can start to defend capitalism in America and root out the corporatist elements of our current economic system

An apt, and to the 'point' article Mr B....
~S~
This is nonsense ahistorical “economics” that posits a “real capitalism” that reflects 18th or 19th century theories of capitalism — of course without slavery, colonialism, child labor, industrial sweatshops, etc. A capitalism of artisans and hardworking farmers like Jefferson imagined.

However, real capitalism today is exactly what we have in the Western world (and its Third World subject nations) in its somewhat different varieties. In this really existing capitalism, corporations and corporate stock ownership and other financial instruments are the main capitalist economic organizations and main source of wealth, and money is fiat money issued by Central banks like the Federal Reserve. This is what real existing historical capitalism has become!
like this>>>?

View attachment 422043
$1.5 Quadrillion Derivatives Time Bomb
Stock-Markets / Derivatives Jul 25, 2015 - 09:40 PM GMT
By: STRATFOR


"When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives.

Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion - about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes.

The late Bob Chapman predicted it. So does Paul Craig Roberts. It could “destroy Western civilization,” he believes. Financial deregulation turned Wall Street into a casino with no rules except unrestrained making money. Catastrophic failure awaits. It’s just a matter of time.

Ellen Brown calls the “derivatives casino...a last-ditch attempt to prop up a private pyramid scheme” - slowly crumbling under its own weight.

For years, Warren Buffett called derivatives “financial time bombs” - for economies and ordinary people.

Unless collateralized or guaranteed, their worth depends on the creditworthiness of counter-parties. Earnings on derivatives are “wildly overstated,” Buffett explains - because they’re “based on estimates whose inaccuracy may not be exposed for many years.”

When corporate bosses ask financial executives how profits look in any quarter, they, in turn, ask how much do you want, then manipulate things to oblige when told.. . .




The COVID Coup: The BlackRock Takeover Of American Interests

the total notional derivatives value is about $1.5 quadrillion


Sounds scary!!!!

Why is it scary? Be specific.
 

PredFan

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Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!
The workers are not entitled to any share of the profits. That’s not broken it’s just not communist.
 

boedicca

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Frontline workers at 13 of the 20 top U.S. retail companies — including Walmart, Amazon, Kroger, among others — saw an average pay increase of just $1.11 an hour, or 10%, a new analysis by the Brookings Institution found. At the same time, those companies' profits increased 39% year over year, while their stock prices went up by an average of 33%.

“Compared to the windfall profits we've seen at the very big companies, by and large, their workers have seen very little of that actual profits,” Molly Kinder, a fellow at Brookings and author of the report, told Yahoo Money. “This is on top of wages that are often so low, they’re poverty wages. And these jobs, of course, are terribly risky.”

What’s even more bizarre about this, to me, is that impoverished republican voters are okay with this. Big Business can do no wrong!

Then you should be all in favor of ending the CCP-Flu Shutdown immediately so that Big Retail has less control. It's not capitalism, btw, it's Big Government Corporate Cronyism.
 

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