The Rich Have Gained $5.6 Trillion in the 'Recovery'; The rest lost $660 Billion

[Scustin Trillberlake]

What are we even focusing on too big to fail for? That's not the only reason why we have such exploding income inequality. With the trend of liberalization of trade, crushing labor rights, a rigged tax code, the maximizing of productivity as cheaply as possible, politicians bought by corporate lobbyists, and Senate rules that make no sense, etc it's looking more and more like there's no real answer to this. Capitalism is fundamentally flawed.

Democratic Socialism is the answer.

 

[DEAD7]

Democratic Socialism is the answer.

You think the cause of the problem, is the solution?

Spoiler

 

[acri1]

You think the cause of the problem, is the solution?

Spoiler

So I guess we have Democratic Socialism in the U.S. right now?

 

[DEAD7]

So I guess we have Democratic Socialism in the U.S. right now?

We have for a long time...

You don't think we have a pure system do you? We have capitalist elements, socialist elements,fascist elements, and lots of corporatism.


What we have now isnt a reflection of a "capitalist economy" by any stretch

 

[KillSpray]

Govt meddling in mkts, distorting supply demand, politicizing everything, and people looking to govt to solve this? Look at student loan debt, perfect example of govt regulation distorting the mkt conditions to produce absurd results. There's enough bizarre shyt to go around.

 

[Brown_Pride]

Every economic system is flawed when you have corrupt, greedy, immoral humans operating them. Fiat currency makes sense. The Fed makes sense. Capitalism makes sense. If you had a computer operating them. You put a human behind the controls, its only a matter of time.

"FOR A PLATE OF FOOD 'IM A SELL MANKIND FA"

So imagine what he will do with the world's largest military, or the power to make laws, or the controls of the printing press of the dollar.

The only way we can have a system that works is by engineering it to be isolated from human corruption. You really look at it, that's where all the problems come from. The "rationalized" exceptions, greed, etc etc... everyone wants rules but only to have to follow them when it works in their favor. Its madness.

You look at humans vs the laws of nature for example. We have made planes and nuclear weapons. But at the end of the day you can't cheat gravity. You can't cheat force = MA. So we all make decisions based around that. We need an economic and political system that is that absolute. You have a trillion dollars in assets leveraged 30x? When your shyt inevitably crashes you should be held personally responsible for whatever comes of it. You have a business that can't be competitive/profitable w/o subsidies? Look into a new business. Etc. Govt's job is to facilitate and protect people's rights. Its gone way out of its scope.

it's like ive always said, the biggest problem with capitalism, democracy, fuk even communism is the humans.

Capitalism works until you start gaming the system
Democracy WORKS until you start gaming the system.

Right now got people gaming both systems and far to often they are the same people.

There's a reason loop holes don't get closed. There's a reason we don't have limits on senate or the scotus.

IMHO it's human nature to try and get up on other people. When you create a system that encourages that then allow that same system to have influence over the very system you put in place to control the system you're fuked.

 

[acri1]

We have for a long time...

You don't think we have a pure system do you? We have capitalist elements, socialist elements,fascist elements, and lots of corporatism.


What we have now isnt a reflection of a "capitalist economy" by any stretch

What country/countries would you say have (or had) a true "capitalist economy" then?

it's like ive always said, the biggest problem with capitalism, democracy, fuk even communism is the humans.

Capitalism works until you start gaming the system
Democracy WORKS until you start gaming the system.

Right now got people gaming both systems and far to often they are the same people.

There's a reason loop holes don't get closed. There's a reason we don't have limits on senate or the scotus.

IMHO it's human nature to try and get up on other people. When you create a system that encourages that then allow that same system to have influence over the very system you put in place to control the system you're fuked.

Well, I mean, you're always gonna have people who are corrupt, but that doesn't mean that one economic system isn't superior to another. It's a little...unproductive and self-defeating IMO to just say "every system sucks because humans suck".

 

[Consigliere]

Big bank takes little bank.

The rich always get richer during economic downturns because they have cash.

Cash is king.

Middle class and poor people sell their family homes and assets, the rich buy them.

My only gripe with these stats is the lack of job creation thats going on. Globalization is the problem. Instead of the rich reinvesting in America, they're doing it overseas. We have to bring that money back home.

 

[Brown_Pride]

What country/countries would you say have (or had) true "capitalist economy" then?




Well, I mean, you're always gonna have people who are corrupt, but that doesn't mean that one economic system isn't superior to another. It's a little...unproductive and self-defeating IMO to just say "every system sucks because humans suck".

i personally don't like saying it but find me a system that wouldn't do better if you removed humans from it...

 

[NVME]

The Treasury started sponsoring and took over the two in 2008, after the financial crisis had started. Don't really see what you are getting at, all the articles I posted hint at the two being a large part of why the economy collapsed under 2007/early 2008.

Read a little bit about the history of those companies and government involvement before the conservatorship.

 

[DEAD7]

What country/countries would you say have (or had) a true "capitalist economy" then?

Pre Roosevelt(Teddy) we were about as capitalist as any nation has and will likely ever be...

 

[acri1]

Pre Roosevelt(Teddy) we were about as capitalist as any nation has and will likely ever be...

Edit: Didn't notice you said Teddy. So you want to take it back to the sharecropping days?

 

[Hulk Hogan]

TEDDY ROOSEVELT ISN'T FRANKLIN dikkEMDOWN ROOSEVELT, BROTHER!

 

[Dusty Bake Activate]

You think the cause of the problem, is the solution?

Spoiler

Google democratic socialism, please.

 

[Morph]

What are we even focusing on too big to fail for? That's not the only reason why we have such exploding income inequality. With the trend of liberalization of trade, crushing labor rights, a rigged tax code, the maximizing of productivity as cheaply as possible, politicians bought by corporate lobbyists, and Senate rules that make no sense, etc it's looking more and more like there's no real answer to this. Capitalism is fundamentally flawed.

You're confusing corporatism with capitalism.




Government favoring a handful of corporations over the rest is corporatism. This happens in the form of "stimulus", QE3, bailout, 'RECOVERY', 'senate rules that make no sense' (Monsanto...lol) etc. President Obama has signed A LOT of corporatist laws. $5.6 trillion dollars of corporatism legislated. Corporatism is a flawed system.




So, I reiterate, where are all the defenders of Krugman and Keynes? Where are the champions of stimulus and QE3?




When the Fed decides to print trillions of dollars out of thin air, before it can be injected it into the economy, the money must first pass through other banks. Yes, the same banks owned and controlled by the "1%" which the Krugman/Keynes stans bravely crusade against.

So during this economic recovery, the FED did indeed print and loan trillions to other banks, which SHOCKINGLY ended up in the hands of the ultra rich. These Keynes/Krugan influenced policies basically made rich banks even richer. But that's not where the problems end.

That money, which didn't exist before, was introduced artificially into the economy (it was created out of thin air). So now the economy has to adjust to it through inflation. In plain words, we are going to pay more for a gallon of milk, carton of eggs, loaf of bread, gallon of gasoline, etc, while the rich laugh at us and get ready to print more because what is stopping them?

It's like money laundering when you think about it, expect they didn't pay to have their money laundered...we did :feelsbadman:.