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Originally posted by RealSpoke
reply to post by gladtobehere
Crony capitalism is still capitalism. Unless you're one of those people that think capitalism only exists if there is a free market, which just is not true.
Crony capitalism is still capitalism. Unless you're one of those people that think capitalism only exists if there is a free market, which just is not true.
There's also a ton of corporations that employ people but to not pay them enough, even though they can more than afford to, so their employees have to go on foodstamps or go hungry.
There are more working people in poverty than unemployed poverty.
Originally posted by Grimpachi
reply to post by popcornmafia
Exactly look at Greece and what the big banks did to it.
Wait a minute: Is the Federal Reserve public or private?
It's neither. From one perspective, the Fed looks like a public institution: Congress created it in 1913 to maintain the stability of the financial system; the president appoints, and the Senate confirms, the members of its Board of Governors; and it's not out to make a profit—after taking care of expenses, the Fed hands off its earnings to the Treasury. Furthermore, the details of its responsibilities are subject to congressional oversight. Still, the Fed is rightly classified as an independent central bank. Neither the executive branch nor the legislature gets a direct say in its decision-making, and it pays for its own operations (primarily by acquiring U.S. government securities on the open market). In short, the Fed is an independent entity within the government.
The Fed is organized like a federation—there's a central governing agency in Washington, D.C., and 12 regional banks scattered across the country. These 12 banks issue shares of stock to thousands of private member banks, including institutions like the Deutsche Bank Trust Co. of America and the Gotham Bank of New York. But regional bank membership isn't like owning stock in Coca-Cola. The member banks are not allowed to sell or trade their shares, which produce dividends at a fixed rate of 6 percent. And they must invest 3 percent of their capital in the Federal Reserve Banks.
Show me some numbers! I doubt that after the welfare king Obama.
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Obviously you don’t know that means citizens don’t own anything and you have no clue what freedom is.
Crony communism like in china with a fixed market just cheats the
In this system, governments use various kinds of state-owned companies to manage the exploitation of resources that they consider the state's crown jewels and to create and maintain large numbers of jobs. They use select privately owned companies to dominate certain economic sectors. They use so-called sovereign wealth funds to invest their extra cash in ways that maximize the state's profits. In all three cases, the state is using markets to create wealth that can be directed as political officials see fit. And in all three cases, the ultimate motive is not economic (maximizing growth) but political (maximizing the state's power and the leadership's chances of survival). This is a form of capitalism but one in which the state acts as the dominant economic player and uses markets primarily for political gain.
Its obvious your partisan views have skewed.your thought process.
If.Ryan and the republicans are the only people you think have problems in government
oh really, WHAT social programs would that be....
Since Ryan is not a communist of course your.views.differ get over it.