A Real Challenge to Corporate Power

Arthur MacEwan: Opposing bail out of bankers and fighting for Universal Health Plan challenges corporate power

Category:

News & Politics

Tags:

• Obama
• economy
• crisis
• Barack Obama
• Economics
• Challenge
• Move

[realgunslinger]

We live in a fascist run society. True Capitalism would have let the Too Big To Fail - FAIL. In fact if we had a true capitalistic system the banks would never have been allowed to get so big. But the Banksters run this planet. Destroy all central banks, end fractional reserve banking. No more IMF/ World Bank/GATT. Stop listening to the Boomer generation that has run the system into the ground.

[colourmegone]

@sheepOG Then you are not talking about capitalism. Capitalism is very simple, it is the investment of capital, which is real wealth such as property, cash, etc. Capital is usually either inherited or raised through loans. The purpose of this investment is to make a return on the investment, called a "profit".

It has NOTHING to do with "voluntary transactions or contracts that benefit both parties", quite the opposite! The transaction may be voluntary but it only needs to benefit the capitalist.

[mikeoli]

@realgunslinger your point is correct about true capitalism, it is also true of a republican form of government, which everyone has an interest in some form of their own property and an interest in the governing of themselves, which changed in this country at the end of the civil war and never looked back. Paul is incorrect about Obama not involving the government in stimulating the economy enough, Hoover did just as much if not moreand it failed because it does not cure the ills just medicates

[colourmegone]

@dharmaatdawn There's lots of stuff on the net about economics but you should take everything with a large spoon of salt. Economics, so far as I can see, tends to be a matter of opinion, unlike science. Of course "The Wealth of Nations" is good start on understanding capitalism, but again remember it was written in the 19th century from a particular (British) point of view. There's lots of good information on Wikipedia and other web sites as well. Happy reading!

[dgl1962]

@Rcbquark YOU are right, and I added that you are never forced to choose one, work for one or remain at one if you're unhappy.

What's your point?

You want to see authoritarian? Look at the government goons who kick in people's doors at 3am, shooting their dogs ( sometimes their kids) over a bag of marijuana.

Also, did you know that your government can now torture you and have you killed without a trial? All they have to do is say the word "terrorist" to get away with it

THAT is authoritarian

[Rcbquark]

@dgl1962 YOU said they weren't authoritarian.

[Rcbquark]

@dgl1962 I never said and I want to make it clear that I DONT think all jobs should be run by govt. Corporations are authoritarian; it has to do with their command structure and coercion of labor. The point is that often and increasingly workers must seek whats available: work for an ""evil" corp". I can't bear the thought of living in a world where all opportunities are owned by a privileged class who's self interest dictates the terms of our existence by right of property. No new continent

[dharmaatdawn]

@colourmegone u posts are very well informed and a pleasure to read. doesnt happen often in u tube. any suggestions on reading sources

[MrLesWhite]

@Horicert $500k isn't what it was in 1950... I am no capitalist but 90% tax on income over $500k is just irrational IMO... I agree with exposing finances to the public sector... investment banks cannot be privately controlled and publicly/state funded in any way

[mojorhythm]

@colourmegone Touche. Well said!

[mojorhythm]

@sheepOG A bare bones definition of capitalism is: a society where all or most of the means of production are privately owned and operated for profits. Corporate capitalism, or "corporatism" is just one of many varieties.

Corporatism didn't just pass through a membrane from another reality, fully formed. It would have never, ever come into being without the pre-existing class struggle so characteristic of all forms of capitalism.