Tag Archives: capitalism
Socialism scare more accurately aimed at capitalism
It’s hilarious when the capitalists try to fearmonger over trying something that might actually help people. Socialism leads to “complete economic calamity?” Isn’t that what capitalism did in 2008? And 1987? And 1971? And 1929? And is about to do … Continue reading
Posted in Asset Bubble, class war, Crap-italism, fiat currency, Financial Terrorism, Financialization, Liberty Road, Master Narrative, Nixon Shock, Rent-seeking, Rentier, Securities, socialism, Uncategorized, Wealth transfer
Tagged capitalism, Donald Trump, economics, fearmongering, late capitalism, Marc Faber, Michael Hudson, recession, Reverse socialism, socialism, Zero Hedge
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Capitalism–or “Bank-ism?”
The problem with capitalism is the same thing that is touted as its virtue. Namely, one of capitalism’s animating doctrines is that a worker can work hard and make more money as time goes on, and this is how the … Continue reading
Goldman Sachs admits: Capitalism is not the cure, it is the disease
Whenever you get grief for criticizing capitalism, point those giving you said grief to this story, because it perfectly describes capitalism’s grave shortcomings with just the question asked in the headline: “Is curing patients a sustainable business model?” The story … Continue reading
Posted in biotech, Crap-italism, Goldman Sachs, paradox, Rent-seeking, socialism, Uncategorized, Wealth transfer
Tagged biotech, capitalism, cure, disease, Goldman Sachs, Hippocratic Oath, profit motive, recurring revenue, socialism
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Chomsky on Financialization vs. Capitalism: “That doesn’t make me fall in love with the feudal system.”
Great article about real-world economics on the occasion of Noam Chomsky’s comments in a documentary called “The Divide.” Noam is particularly on point in this one. Example: “INTERVIEWER: Does it give you any hope that some of the super-rich, such … Continue reading
“Capitalism”=Oligarchy/Feudalism on Steroids
Great post at More Crows Than Eagles called “Unnecessariat”–heavy stuff, all about the effects of supposed “capitalism” which is actually an oligarchy (feudalism?) on steroids which is by, of, and for the rentier class: “If there’s no economic plan for … Continue reading
Posted in Crap-italism, Debt Slavery, Feudalism, homeless, Profiles In Resistance, Redistribution, Rent-seeking, Rentier, Reverse socialism, socialism, Tyranny, Wealth transfer
Tagged capitalism, feudalism, More Crows Than Eagles, oligarchy, rent-seeking, Rentier, Scott Sorensen, Unnecessariat
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Which came first, the “socialism” or the iPhone?
The “socialism,” of course. Check out a recent, great article at US Uncut about how taxpayers funded, through the Defense Department, the National Science Foundation, and other government programs, innovations that made smartphones possible. Indeed, the “horrors” of “socialist”-esque cooperation … Continue reading
Posted in "supply and demand", Crap-italism, Master Narrative, socialism
Tagged Apple, capitalism, iPhone, socialism
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How the rich got richer and continue to do so: evading risk.
On the most recent episode of the Keiser Report, Max and Stacy open the show with a discussion of the chart below, which shows that the top 1 percent of the world’s population owns half of the world’s wealth, and … Continue reading
Posted in Crap-italism, Debt, Everything Is Rigged, Financial Terrorism, Financialization, Reverse socialism, Wealth transfer
Tagged Bank of England, capitalism, crap-italism, derivatives, Financial Terrorism, GIABO, global wealth pyramid, Max Keiser, Michael Hudson, one percent, risk, Simon Heffer, Stacy Herbert
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American “Capitalism”= “Pay or Die”: The system we actually have is not the system we think we have.
In a very revealing appearance on Gary Dubin’s vital radio program—“The Foreclosure Hour”—Washington attorney Scott Stafne accurately gets to the core of what is behind not only the crisis faced by homeowners trying to save their homes from foreclosure via … Continue reading
Posted in Crap-italism, Everything Is Rigged, Foreclosure, Foreclosure fraud, homeless, Paper terrorism, Rent-seeking, Too big to fail, Tyranny, Washington
Tagged allodial title, capitalism, foreclosure, foreclosure fraud, Gary Dubin, oligarchy, pay or die, Scott Stafne, The Foreclosure Hour
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The Blouses That Destroy Economies: The Insane Quest for Cheap Labor
So this is the end game of capitalism—the pool of cheap labor being drained by an insane quest for profit at the expense of people. Retailers like Walmart realize that their customer base has no money to spend because America … Continue reading
Posted in Crap-italism, minimum wage, Rentier, Wage slavery
Tagged Africa, Asia, capitalism, capitalism without capital, China, Ethiopia, inflation, J.C. Penney, Kenya, Levi Strauss, offshoring, PVH, VF, wages, Wall Street Journal, Walmart, William S. Simon
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