georgephillip
Diamond Member
There's a Crisis in US Capitalism - CounterPunch.org
"Trump is a product and sign of U.S. capitalism’s exhaustion.
"The long, cozy governmental alternation between GOP and Democrats after the trauma of the 1930s Great Depression had achieved its purpose.
"It had undone FDR’s redistribution of wealth from the top to the middle and the bottom. It had 'fixed' that problem by reversing the redistribution of wealth and income.
"The ideological cover for that 'fix' was bipartisan demonization of domestic socialism combined with bipartisan pursuit of Cold War with the USSR.
"The major GOP vs. Democratic Party dispute concerned the modes and extents of governmental support for private capitalism (as in Keynes vs. Friedman, etc.). That minor squabble got raised to the status of 'the major issue' for politicians, journalists, and academics to debate because they caved to the taboo on debates over capitalism vs. socialism."
The Coronavirus has given the US Capitalists a reason to delay their move to New Zealand.
For at least a decade serious investors have known that debts that can't be repaid won't be repaid. With consumer and corporate debt at record levels and major Wall Street banks who've made loans and guarantees which can NOT be covered WITHOUT support from the Fed, serious investors have known a major break in the chain of payment is inevitable.
Covid-19 has provided the government owned by the investor class a good reason to create trillion$ ostensibly for "small businesses."
Who among us is gullible enough to believe that con?
The crony-capitalist who destroyed Capitalism?
The Big Banks' Ticking Time Bomb that Could Cause the Next Recession | DCReport.org
"Trump is a product and sign of U.S. capitalism’s exhaustion.
"The long, cozy governmental alternation between GOP and Democrats after the trauma of the 1930s Great Depression had achieved its purpose.
"It had undone FDR’s redistribution of wealth from the top to the middle and the bottom. It had 'fixed' that problem by reversing the redistribution of wealth and income.
"The ideological cover for that 'fix' was bipartisan demonization of domestic socialism combined with bipartisan pursuit of Cold War with the USSR.
"The major GOP vs. Democratic Party dispute concerned the modes and extents of governmental support for private capitalism (as in Keynes vs. Friedman, etc.). That minor squabble got raised to the status of 'the major issue' for politicians, journalists, and academics to debate because they caved to the taboo on debates over capitalism vs. socialism."
The Coronavirus has given the US Capitalists a reason to delay their move to New Zealand.
For at least a decade serious investors have known that debts that can't be repaid won't be repaid. With consumer and corporate debt at record levels and major Wall Street banks who've made loans and guarantees which can NOT be covered WITHOUT support from the Fed, serious investors have known a major break in the chain of payment is inevitable.
Covid-19 has provided the government owned by the investor class a good reason to create trillion$ ostensibly for "small businesses."
Who among us is gullible enough to believe that con?
The crony-capitalist who destroyed Capitalism?
The Big Banks' Ticking Time Bomb that Could Cause the Next Recession | DCReport.org