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It seems to almost be a crime to feed the homeless, spend more on education, create a legal system that doesnt incarcerate a record number of prisoners, have a currency that is constitutional or to create any kind of economic stability whatsoever, because those are viewed as socialist acts and government intervention. most of the people against these ideologies support big business and "capitalism", yet the bailout is corporate welfare on a massive scale and is as far away from capitalism as you can get.. its eerily close to fascism. my question is, what happen to capitalism? american political ideologies are leaning more toward marxist, fascist, communist, and socialist by the very people that are suppose to represent the free market. instead they allow a select few to dominate the free market closing the door to the average person and collapsing economies world wide. my question is why? why do we, who have the biggest stake in all this, allow this to happen? its written by the fathers of this nation "if our currency is ever controlled by the banks (federal reserve), the corporations and bankers will control this nation by inflation/deflation until the children are starving and homeless on the land their fathers conquered." we have the constitutional right to bare arms against an oppressive government, we have the constitutional right to trade in our dollar for gold or silver. we have the constitutional right to never pay a percentage rated tax. we are over 10,000,000,000,000 in debt and it looks like we might borrow 2 trillion more in the next two years which would create such a massive debt and inflation rate a new currency would have to be introduced (which may be the Amero, part of the NAU, North American Union SPP) why do we put up with this?
Yeh.. im not too sure on obama. it was frightening when he picked the president of the fed reserve indiana for his sec of treasury. Obviously with these views im a Ron Paul supporter, but Obama does strike me as someone than can change things either way, for better or worse.. im just not sure which way he's going. Ill give him the benefit of the doubt like i gave Bush, which turned out to be a mistake.. but in all honesty im apathetic.
Pgreen, that made a lot of sense, and was a really nice thought but its more then just a debt, the united states has given up collateral for these loans in government bonds. youre absolutely right when you said pyramid scheme. congress askes the federal reserve for 1 trillion and offers government bonds, the fed agree's, with interest, and prints up a trillion dollars without backing its value so essentially its just printed paper. that trillion goes into circulation as a loan and is loaned out multiple times accumulating interest each individual time. that one trillion dollars just created a demand for even more money, because of interest, that does not exist. our debt only goes into one direction, in order to get the government bonds back it has to reverse, this is theoretically imposable which means eventually, banks own america. so by logic what youve said cant happen. the only option i see is for the government to flat out say "we dont owe you anything" and use military.
We have never had free markets. We have moved from mercantilism, through mercantilism, to more mercantilism. Many early free-market supporters, such as William Greene, equated the term capitalism with plutocracy; some, such as Josiah Warren, Pierre-Joseph Proudhon, and Benjamin Tucker, considered themselves socialists. I suggest reading Roderick Long's lecture "Rothbard's "Left and Right": Forty Years Later" He notes that: "Now I think the word "capitalism," if used with the meaning most people give it, is a package-deal term. By "capitalism" most people mean neither the free market simpliciter nor the prevailing neomercantilist system simpliciter. Rather, what most people mean by "capitalism" is this free-market system that currently prevails in the western world. In short, the term "capitalism" as generally used conceals an assumption that the prevailing system is a free market. And since the prevailing system is in fact one of government favoritism toward business, the ordinary use of the term carries with it the assumption that the free market is government favoritism toward business."
Capitalism was phased out in the US between 1880 and 1920. We switched over to Corporate Consumerism. The increase in productivity caused by the second industrial revolution could have been used to eliminate poverty but the people controlling the economic power games didn't want that and it did not correspond to the social psychology of the culture. Instead we got to compete with each other using consumer goods to play status games. Throw in a little planned obsolescence and we have an endless treadmill going nowhere. Luckily Sigmund Freud helped by giving ideas to the advertising industry to better manipulate us into being stupid fools. But the dumb worker/consumers aren't supposed to figure that out so we call increasing GDP economic growth and don't say anything about the depreciation of all of the garbage that is manufactured. Of course everyone could learn accounting and do it on the computers we have today but have you heard any economists suggest that? Read: The Screwing of the Average Man by David Hapgood
Capitalism has been replaced by a "debt economy". Variations are called over-leverage, financialization, creative finance, financial engineering, pyramidal scheme, modern portfolio theory, derivative instruments, securitization, option theory or whatever, there was no limit to invention This went too far, became too big, too complex, too layered, too obscure, too volatile, too fragile, and is crumbling under its weight. Now is time to pick up the pieces and sort what is valuable and what is dead wood. And the governments are pouring money into the holes, maybe too much, creating another financial pyramid of sovereign debt and cheap money (what is cheap is not worth much, by definition). Maybe after that cleanup phase, we will go back one day to true capitalism, a discipline in which people save and invest their own money responsibly instead of risking mostly other people's money. .
Any marketplace with ahead dangers, banking, coverage, brokerage, are not able to function as a unfastened marketplace considering a unfastened marketplace will also be proven to be Pareto inferior. Most men and women are ignorant of that. The regulatory failure of the final decade was once to broaden the position of buying and selling markets over pooled marketplace makers (banks,insurers and agents) with out making plans for the mathematically inevitable marketplace failure. There are 2 usual Nash equilibria for ahead hazard pooled marketplace makers (banks, insurers, agents) one is "trade as ordinary," the opposite is the financial institution run. We had been in a financial institution run for the 13 months in Europe and the United States. The very cause banks exist is to hide the mathematically usual marketplace failure that have got to exist in credit score markets. It is most likely the insurance policies of the Bush Administration that introduced this on besides. By borrowing such excellent sums, and spending it within the United States, it swelled financial institution stability sheets with all of the borrowed cash. Now foreigners wish the money again, however the banks have loaned it out. It is the Federal Government that created this mess, it's correct for it to socialise the losses. I am attaching a good article at the matter, despite the fact that a little bit older.
Capitalism died. Jefferson also thought that every 20 years there should be a rebellion. We are slipping into a fascist regime. This is what worries me- especially about Obama.