georgephillip
Diamond Member
Chris Hedges offers his POV:
"Money, as Karl Marx lamented, plays the largest part in determining the course of history.
"Once speculators are able to concentrate wealth into their hands they have, throughout history, emasculated government, turned the press into lap dogs and courtiers, corrupted the courts and hollowed out public institutions, including universities, to justify their looting and greed..."
"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.
"Rather, they ignore or rewrite the law—ostensibly put in place to protect the vulnerable from the powerful—to steal from everyone, including their shareholders.
"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."
Chris Hedges: Overthrow the Speculators - Chris Hedges - Truthdig
Should subprime auto loans blow up in the same way subprime mortgages did five years ago, and Republicans AND Democrats in DC are unable to bail out the speculators the way they did in 2008-09, another possible solution was recently displayed in Cyprus where the idea was floated to allow speculators to use government to raid the private bank accounts of individuals with more than a $100,000 balance.
Imagine what would happen if Wall Street and its Republican/Democrat handmaidens tried that in the "Land of the Free" around November of 2016?
Should we steal from the 1% or hang the speculators?
Or both??
"Money, as Karl Marx lamented, plays the largest part in determining the course of history.
"Once speculators are able to concentrate wealth into their hands they have, throughout history, emasculated government, turned the press into lap dogs and courtiers, corrupted the courts and hollowed out public institutions, including universities, to justify their looting and greed..."
"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.
"Rather, they ignore or rewrite the law—ostensibly put in place to protect the vulnerable from the powerful—to steal from everyone, including their shareholders.
"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."
Chris Hedges: Overthrow the Speculators - Chris Hedges - Truthdig
Should subprime auto loans blow up in the same way subprime mortgages did five years ago, and Republicans AND Democrats in DC are unable to bail out the speculators the way they did in 2008-09, another possible solution was recently displayed in Cyprus where the idea was floated to allow speculators to use government to raid the private bank accounts of individuals with more than a $100,000 balance.
Imagine what would happen if Wall Street and its Republican/Democrat handmaidens tried that in the "Land of the Free" around November of 2016?
Should we steal from the 1% or hang the speculators?
Or both??
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