Global Crisis of American Capitalism 1/2

http://www.democracynow.org/
"Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism"

Renowned political analyst Kevin Phillips argues successive administrations have imperiled the US economy by a combination of shortsighted policies and a trend against regulation. These include unparalleled credit card debts, the expansion of financial industries such as hedge funds, ballooning national debts, and deliberately altering statistics like inflation and unemployment to mask the accurate picture.

http://www.democracynow.org/

Category:

Education

Tags:

• Economy
• Economics
• American
• Capitalism
• Debt
• Credit

[ralsaqqa]

it is capitalism that will destroy the American Economic system. the more the capital becomes concentrated in the hands of few in the capitalist economy the more such a crisis becomes inevitable. Socialism is the answer

[elliottbradshaw]

game over

[explosivetwist]

peak oil is real and the real underlying reason for the state of things now.

[wafflepistol]

When big business hops in bed with big government, big problems happen. We live in a regulatory capitalist society. There is nothing wrong with that! But there is something wrong when politicians are robbing you of you tax dollars. Keeping it for themselves and handing out corporate welfare checks. I am sick of young people, my age, ranting off uneducated ideas promoting socialist nonsense because we know it all right? We've been to socialist countries, we've been oppressed, BULLSH*T!

[SiteInvestigator]

Capitalism is poisonious human greed can always be counted on.The son's of bitches that rip the money from the average person's hands have no remorse for what they do.They strip the humanity from them selves.Everyone needs to know this these people that have there hands in your life are pure evil I can't stress this enough they do not care for you or your children's very life and they do control America.

[mannytwoshoes]

All the milkcows on the planet produce enough milk for one glass per person per day. All the people on the planet, with 1/4 acre ea in Australia, leaves Qnslnd empty.

Polar icecaps are growing back - Earth is COOLING. All the planets are cooling. (No solar flares in Aug 08, second time in recorded history.)

Google it and research for yourself.

-Manny Two-Shoes, truth teller

[shovelcharge]

No. You need to see the difference between the initiation of physical force (political power) and economic power of offering good products and services.

As an aside, CEOs in this country are being raped. They are at the bottom of the power chain and are being constantly harassed by the government and by the public. America is increasingly becoming more anti-capitalist.

[AMatterOfOpinionII]

Safeguards put in place to prevent a meltdown (principally post the great depression) have been removed.

Hedge funds utilise "short selling" to maximise wealth. This practise is a controlled mechanism for the most part. Consider such funds decide to sell huge holdings but first they "hedge" by taking options on "shorts" then sell their entire holding at profit initiating a bear market but holding "shorts" .. WIN-WIN! Obviously it's not a simple process but rest assured the top 1% WIN!

[AMatterOfOpinionII]

The answer is neither Capatalism nor Socialism but somewhere in the middle.

Government intervention and control was sold for personal gain of the few. The FED (Private Company controlled essentially by private and secretive entities) loans goverment money @ interest. Current estimates indicate anywhere between 30-70% of GDP is required to service these loans. CEO's of Co's & Banks could care less so long as they get their share of the gold .. and they certainly do.

[AMatterOfOpinionII]

Dictatorial:

1. A country, government, or the form of government in which absolute power is exercised by a dictator.

2. Absolute, imperious, or overbearing power or control.

3. The office or position held by a dictator.

You live in a country controlled by a Dictator and rest assured the CEO's of Corporations have absolute power and thus hedge of being Dictators of their own little empires bleeding it dry in salary, share options, bonuses .. human greed is the problem!