The problem isn't capitalism. All capitalism is is a definition of who controls the capital. The problem is corporatism and big federal government. Everything a person needs to live can be covered by small local businesses and small local government.
Public option banks aren't a godsend. To start they may be better than the corrupt banks. But they are run by politics and intention. Never by realistic limitations. People are encouraged for band-aid solutions once more. Say the public thinks there should be more shoe factories, loans will be made available to them, even if they are failing miserably but soccer factories would be booming but can't get loans. Normal banks would go out of business. Public banks carry on the insanity.
why don't we just allow competition. or better yet..why don't we get rid of the totally corrupt enslavement debt prison we call FedReserve.
We need to localize government. Fed Gov strictly follow constitution.. local gov decides all the details.. localized gov would compete. everyone would live and love under whatever rules they wanted... i bet they would look alot the same...FREE
Sincerely appreciate the segment Paul Jay and TRNN. The premise is intriguing however it may be moot because it appears to be too late.
How do you rein in those that profit from the current structure while they grease the politicians pockets to ensure laws are passed in their favor? For example, Prof. Pollin touches on the point of regulations that were enacted after the 29 crash. Ah-hm, and we watched Larry Summers dismantle these under Clinton. And where is Larry now (rhetorical)?
the true answer is free money...money issued by the treasury not the FED backed by the full faith of the government not the debt = money- interest model we have now.
i think its a good thing that banks arnt lending because that money was borrowed from asia in the first place. then for it to be dolled out again is just not healthy for the economy.
Paul Jay rocks. He's one of the few journalists tackling important issues and not in the pocket of business/politicians. He's independent, asks probing questions and let's the interviewee speak - a rare quality (amazingly) in today's main stream media.
@EminiWatch He has earned my respect. I appreciate the national and international segments and I believe TRNN is trying to be honest and show people were the deceptions are.
I was thinking about building cross country paved walk/hike/bike highways, going east west and north and south throughout the country--this would be a public works project that could create jobs-and it would provide safe environmentally friendly energy saving way for people to travel and see the country or exercise etc...without having to worry about automobile traffic---
This seems to suggest a kind of Third Way, which in truth brings us back to the First, i.e. the dream of (global) capitalism with a human face. I would rather strive to escape the all-pervasive logic of capitalism completely and chase a different dream, namely that of the negated Second Way...
Check out MSN Finance folks. Fannie and Freddie have been D listed on the stock market, yet the corporate media has covered it up now for almost a week. Something big is in the works.
@countrysamurai It's too early for me to make that decision. I found out yesterday from a friend who works as a day trader. We didn't have time to discuss it, and there hasn't been anything of any substance in the media to base anything on. The BP spill has taken precedent in the media. The reason that I think there's something in the works is because the right wing hasn't jumped all over this. When ever you see that happening it tends to say that someone is profiting from the silence.
@countrysamurai The signs are here, now. You'll see it more clearly as things escalate and get out of control. Mathematics will win, we can't support this debt.
Try this idea: Force Wall Street to float their own currency, the "Wall Street Dollar". Let them print as much bogus "Wall Street Dollars" as they want, without any limits, so they don't harm the US Dollar, or any other currency for that matter!
This comment has received too many negative votesshow
wait a sec BUSH REGIME and SOETORO ADMINISTRATION??? R U KIDDING ME??? friggin barry soetoro is HITLER in plain sight ... go shove your 'public option' option UP YOUR ASS!!! you people are friggin outta ur minds take your NAZI SOCIALIST ideals and jump off a cliff
That what you have in America is not Socialism or Democracy,it's velvet Fascism.Learn what realy means state own business,but not from the movies or any right wing media or publishers,before say something like "socialism fails".
@saki01248 in 100 years socialism is the vehicle used to transfer the wealth of a population to the Elite classes of that society, the working(lower class) person suffers the most. There has never been a successful form of socialism, look at america social security failed, some would urge but the evidence of socialisms failure is evident thru out history.. Current socialism is failing bad, its only still breathing because of "BAILOUTS" the end in near get ready for anglo-american FACISM..
@HelpingHumanity Capitalism is the real failure. It's failing everywhere you look and the one big reason it's failing is due to lack of regulation. There's never enough money to feed the greed. Yet you call regulation of capitalism socialism which is nothing more than a perversion of the truth. You harbor the very mindset that spawns failure which is the inability to adapt to changing conditions because you support the failed the concept of economic anarchy.
@fywacia crony-capitlism is what america has. Free market capitlism lasted 200 plus years, before being subverted to crony-capitlism which just another form of facism under the guise of free markets and de-regulation.
@HelpingHumanity It is crony capitalism and it came to be because of the lack of Government regulations. A profit driven market has no checks and balances unless you have regulation. And during those first 200 years, the industrial revolution was taking place. The labor movement was created to combat crony based corruption which serves as proof that corruption existed. Now we have reached the breaking point and the right wing's answer is less regulation, that should tell you something.
@HelpingHumanity I also need to point out that true socialism has never been put into practice in any world social system. The social model that you refer to are what we call democratic socialism which is a hybrid of capitalism and socialism. Spain and Greece are failing because they lost much of their manufacturing base to Germany. The U.S. practices almost pure capitalism and judging by our deficit and overal living conditions, we represent a catostrophic failure to the capitist system.
@fywacia name one country that has survived longer than 30 years under a socialist program you mention. democratic socialism is Liberal model of the BRITISH EMPIRE.. Im for niether.
@HelpingHumanity As I said previously, there hasn't been a true socialist system in the world at this point in history. If you want a sucessful democratic socialist state take a look at Australia. I have a hard time understanding people who think like you do and it's because they keep chasing something that always results in failure. Economic anarchy produces one thing, a caste system comprised of only the rich and the poor. It's happening right now and it's made us a corporate welfare state.
@HelpingHumanity Yugoslavian Socialistic economic sistem lasted 45 years,until nacionalim started growing and people demanded capitalism.We were economically not rich as West,but we were stable country with medium developed manufactoring industry,and strong and developed agriculture.The country with solid health care,and good educational sistem.Now we are bust capitalist pig sty,where people care only how much money they make.And health care and education is a disaster.
@HelpingHumanity Lastly, it doesn't do your cause any good to ignore the current problems by finger pointing at the situation in other countries. If you truly wanted to preserve your capitalist system you would welcome common sense regulation in the free market place. Without rules your system will fail by design and it's already near collapse. If you don't want the system that I support which is socialism to take over, then you need to take action and stop making excuses for your failures.
@HelpingHumanity OMG You don't know what Socialism is???!!! What the hell you people in America learn in your schools??????!!!!! You just described Capitalism and called it Socialism :)))) There is no Free market economy,and free market dose not work.Read what Socialism really is,and what capitalisam is.When you say " transfer the wealth of a population to the Elite classes of that society, the working" you just described Capitalism and call it Socialiam with that
The problem isn't capitalism. All capitalism is is a definition of who controls the capital. The problem is corporatism and big federal government. Everything a person needs to live can be covered by small local businesses and small local government.
mothertory 1 year ago
Public option banks aren't a godsend. To start they may be better than the corrupt banks. But they are run by politics and intention. Never by realistic limitations. People are encouraged for band-aid solutions once more. Say the public thinks there should be more shoe factories, loans will be made available to them, even if they are failing miserably but soccer factories would be booming but can't get loans. Normal banks would go out of business. Public banks carry on the insanity.
sirellyn 1 year ago
The reason Fannie and Freddie failed so badly is because there was NO profit motive at the end.
Barney Frank and the rest put the 'public good' ahead of everything else and they collapsed under their own weight.
Other than that the guy makes some sense.
Paetaor 1 year ago
why don't we just allow competition. or better yet..why don't we get rid of the totally corrupt enslavement debt prison we call FedReserve.
We need to localize government. Fed Gov strictly follow constitution.. local gov decides all the details.. localized gov would compete. everyone would live and love under whatever rules they wanted... i bet they would look alot the same...FREE
mikeperron8411 1 year ago
@mikeperron8411 Competition makes the corporations stronger, and regulation is quickly corrputed by sellout politicians.
We need the Citizenry to be more capabale of understanding and taking action in these matters.
Everyone hates the "big banks" and yet they all keep thier savings and loans in the same banks they have always used.
Ex0dus111 1 year ago
Sincerely appreciate the segment Paul Jay and TRNN. The premise is intriguing however it may be moot because it appears to be too late.
How do you rein in those that profit from the current structure while they grease the politicians pockets to ensure laws are passed in their favor? For example, Prof. Pollin touches on the point of regulations that were enacted after the 29 crash. Ah-hm, and we watched Larry Summers dismantle these under Clinton. And where is Larry now (rhetorical)?
iknownothingnow 1 year ago
the true answer is free money...money issued by the treasury not the FED backed by the full faith of the government not the debt = money- interest model we have now.
hiyukenmusic 1 year ago
@hiyukenmusic The reason people borrow is because wages have effectively been cut, it now takes 2 wages to maintain an income and household.
People borrow for things which used to be free or cheap; education, shelter, transport, health.
Sure treasuries should be responsibly & openly managed,. but conservatives just argue about which rich creeps rip ppl off.
The real problem is the myopic concept of competing bigger and bigger blocks to failure, it just leads to inequality and market collapse.
marsCubed 1 year ago
i think its a good thing that banks arnt lending because that money was borrowed from asia in the first place. then for it to be dolled out again is just not healthy for the economy.
wtfbroskie 1 year ago
Paul Jay rocks. He's one of the few journalists tackling important issues and not in the pocket of business/politicians. He's independent, asks probing questions and let's the interviewee speak - a rare quality (amazingly) in today's main stream media.
EminiWatch 1 year ago 4
@EminiWatch I'll second that.
Though have to say to Mr. Jay himself, just fyi, it's pronounced 'am-erst', no 'h' ;)
jlobsien 1 year ago
@EminiWatch He has earned my respect. I appreciate the national and international segments and I believe TRNN is trying to be honest and show people were the deceptions are.
iknownothingnow 1 year ago
I was thinking about building cross country paved walk/hike/bike highways, going east west and north and south throughout the country--this would be a public works project that could create jobs-and it would provide safe environmentally friendly energy saving way for people to travel and see the country or exercise etc...without having to worry about automobile traffic---
catgumart 1 year ago
This comment has received too many negative votes show
paul jay is boring and old fuddy duddy
ShaktipatSeer 1 year ago
1/3 Capitalism 1/3 Socialism 1/3 Tribalism
The borders written on a map are essentially meaningless (we give them meaning, our descendants won't. Our time is up. Their time is to come.)
WellIAMScottish 1 year ago
Death to Capitalism!
kenderoth8 1 year ago 2
@kenderoth8 Which one?
anthonzi 1 year ago
This seems to suggest a kind of Third Way, which in truth brings us back to the First, i.e. the dream of (global) capitalism with a human face. I would rather strive to escape the all-pervasive logic of capitalism completely and chase a different dream, namely that of the negated Second Way...
RedGaribaldi 1 year ago
If the government owns AIG, the government should fire all those that made the decisions that got us into this mess.
sevenahm 1 year ago
Has anyone else noticed that Paul Jay's voice is often quite or hard to discern on these interviews?
VyseLegend 1 year ago
Check out MSN Finance folks. Fannie and Freddie have been D listed on the stock market, yet the corporate media has covered it up now for almost a week. Something big is in the works.
fywacia 1 year ago
@fywacia What do you think it is? What do you think they are working on?
I have heard about it a couple of times but it was very short stories with not much background. Their stock has absolutely tanked.
countrysamurai 1 year ago
@countrysamurai It's too early for me to make that decision. I found out yesterday from a friend who works as a day trader. We didn't have time to discuss it, and there hasn't been anything of any substance in the media to base anything on. The BP spill has taken precedent in the media. The reason that I think there's something in the works is because the right wing hasn't jumped all over this. When ever you see that happening it tends to say that someone is profiting from the silence.
fywacia 1 year ago
@countrysamurai The important people (CEO, peeps from Goldman Sachs, etc) dumped those stocks right before the explosion.
Crustanarchy 1 year ago
@Crustanarchy Hmmm...okay then...what is your take on this latest info of Freddie and Fannie?
I am convinced that we are headed towards a massive economic collapse...I just wish I could find some signs when it is imminent.
countrysamurai 1 year ago
@countrysamurai The signs are here, now. You'll see it more clearly as things escalate and get out of control. Mathematics will win, we can't support this debt.
Crustanarchy 1 year ago
WHERE IS THE FIRST SEGMENT? RN doesn't know how to label multi-parts.
mspookie 1 year ago
@mspookie Go to TRNN.com much easier to find all the segments.
2020peter 1 year ago
Try this idea: Force Wall Street to float their own currency, the "Wall Street Dollar". Let them print as much bogus "Wall Street Dollars" as they want, without any limits, so they don't harm the US Dollar, or any other currency for that matter!
kmarinas86 1 year ago
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kmarinas86 1 year ago
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kmarinas86 1 year ago
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kmarinas86 1 year ago
This comment has received too many negative votes show
this is NOT REAL NEWS ... this is horsecrap LIBTARD / STATIST / LEFTIST / DEMCRAT / LIBTERTY STEALING SHIT!!!!!!
Livefreerevolution 1 year ago
@Livefreerevolution Retard much?
mspookie 1 year ago
This comment has received too many negative votes show
wait a sec BUSH REGIME and SOETORO ADMINISTRATION??? R U KIDDING ME??? friggin barry soetoro is HITLER in plain sight ... go shove your 'public option' option UP YOUR ASS!!! you people are friggin outta ur minds take your NAZI SOCIALIST ideals and jump off a cliff
Livefreerevolution 1 year ago
That what you have in America is not Socialism or Democracy,it's velvet Fascism.Learn what realy means state own business,but not from the movies or any right wing media or publishers,before say something like "socialism fails".
saki01248 1 year ago
@saki01248 Please connect me with some information that shows success in running a socialist plan. I have not ben able to find any.
larnem 1 year ago
@saki01248 in 100 years socialism is the vehicle used to transfer the wealth of a population to the Elite classes of that society, the working(lower class) person suffers the most. There has never been a successful form of socialism, look at america social security failed, some would urge but the evidence of socialisms failure is evident thru out history.. Current socialism is failing bad, its only still breathing because of "BAILOUTS" the end in near get ready for anglo-american FACISM..
HelpingHumanity 1 year ago
@HelpingHumanity Yawn....., hmm, bullshit.
fywacia 1 year ago
@HelpingHumanity Capitalism is the real failure. It's failing everywhere you look and the one big reason it's failing is due to lack of regulation. There's never enough money to feed the greed. Yet you call regulation of capitalism socialism which is nothing more than a perversion of the truth. You harbor the very mindset that spawns failure which is the inability to adapt to changing conditions because you support the failed the concept of economic anarchy.
fywacia 1 year ago
@fywacia crony-capitlism is what america has. Free market capitlism lasted 200 plus years, before being subverted to crony-capitlism which just another form of facism under the guise of free markets and de-regulation.
HelpingHumanity 1 year ago
@HelpingHumanity It is crony capitalism and it came to be because of the lack of Government regulations. A profit driven market has no checks and balances unless you have regulation. And during those first 200 years, the industrial revolution was taking place. The labor movement was created to combat crony based corruption which serves as proof that corruption existed. Now we have reached the breaking point and the right wing's answer is less regulation, that should tell you something.
fywacia 1 year ago 6
@HelpingHumanity I also need to point out that true socialism has never been put into practice in any world social system. The social model that you refer to are what we call democratic socialism which is a hybrid of capitalism and socialism. Spain and Greece are failing because they lost much of their manufacturing base to Germany. The U.S. practices almost pure capitalism and judging by our deficit and overal living conditions, we represent a catostrophic failure to the capitist system.
fywacia 1 year ago
@fywacia name one country that has survived longer than 30 years under a socialist program you mention. democratic socialism is Liberal model of the BRITISH EMPIRE.. Im for niether.
HelpingHumanity 1 year ago
@HelpingHumanity As I said previously, there hasn't been a true socialist system in the world at this point in history. If you want a sucessful democratic socialist state take a look at Australia. I have a hard time understanding people who think like you do and it's because they keep chasing something that always results in failure. Economic anarchy produces one thing, a caste system comprised of only the rich and the poor. It's happening right now and it's made us a corporate welfare state.
fywacia 1 year ago 4
@HelpingHumanity Yugoslavian Socialistic economic sistem lasted 45 years,until nacionalim started growing and people demanded capitalism.We were economically not rich as West,but we were stable country with medium developed manufactoring industry,and strong and developed agriculture.The country with solid health care,and good educational sistem.Now we are bust capitalist pig sty,where people care only how much money they make.And health care and education is a disaster.
saki01248 1 year ago 2
@HelpingHumanity Lastly, it doesn't do your cause any good to ignore the current problems by finger pointing at the situation in other countries. If you truly wanted to preserve your capitalist system you would welcome common sense regulation in the free market place. Without rules your system will fail by design and it's already near collapse. If you don't want the system that I support which is socialism to take over, then you need to take action and stop making excuses for your failures.
fywacia 1 year ago
@HelpingHumanity OMG You don't know what Socialism is???!!! What the hell you people in America learn in your schools??????!!!!! You just described Capitalism and called it Socialism :)))) There is no Free market economy,and free market dose not work.Read what Socialism really is,and what capitalisam is.When you say " transfer the wealth of a population to the Elite classes of that society, the working" you just described Capitalism and call it Socialiam with that
comment.
saki01248 1 year ago 10
This comment has received too many negative votes show
socialists fail lol
joggylol 1 year ago
This comment has received too many negative votes show
Silly socialists....you and your poorly thought out social engineering.
tarossi400 1 year ago