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n A Nutshell: Corporatocracy Has Replaced Capitalism
Capitalism Fixes Problems & Preserves Democracy: Capitalism is what we should be relying on to fix our problems. Capitalism has it's own ecosystem, just like biology's ecosystem. An economic ecosystem that weeds out the weak, has parasites that eat the failures and new bacteria that evolves and grows replacements for that which failed. A system that keeps everything in balance.
The problem is we are no longer a capitalistic society. What we were taught in school is now utter and absolute nonsense. Capitalism is a thing of the past.
As outlined in "It's Not A Financial Crisis - It's A Stupidity Crisis", we created two back to back bubbles. The air out of the Tech Bubble was sucked up for fuel by our next stupidity crisis: The Housing Bubble.
For blowing up the world's economy this Stupidity Crisis was falsely named an Economic Crisis by CNBS and 535 morons on a hill in DC (Ron Paul and a few other fiscally responsible adults excluded). The idiots who created the mess were rewarded with a 700 billion dollar "bailout". This "bailout" was anything but a bailout and had a price tag of anything but 700 billion. The actual price tag is closer to 11 trillion and puts us on the hook for another 13-17 trillion - not counting interest.
In Summary: Our debt and our inability to revive capitalism and cut the waste in government will be our demise. Sadly, the only glimmer of hope I see is that Corporatocracy will destroy itself. I say sadly because it will destroy the average American citizen like some parasite that kills it's host.
Capitalism is dead and that is why we are totally screwed.
Originally posted by ofhumandescent
reply to post by predator0187
Why we are totally finished..............the average person has the IQ of a turnip and can't figure out the shell game our world governments are playing on us.
Originally posted by CosmosKid
But we'll still have our nukes right? I mean, they're like not gonna sell our nukes to Monaco or San Marino, or some small country like Peru or something like that so they can have money to start a new whatchamacallit right? Right? I mean, we'll still have our nukes, promise ?
Originally posted by CosmosKid
Right? I mean, we'll still have our nukes, promise ?
Inflation is under control for the present. Unemployment is still at troublesome levels, but Reagan is more impressed by the tens of thousands of Americans going back to work each month. From where he sits, the strong dollar reflects the faith that foreign businessmen and investors have in the fundamental soundness of the U.S. economy under his leadership