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egbertowillies

(4,058 posts)
Tue Aug 14, 2018, 12:43 PM Aug 2018

The foundation of America's economic system is now an inhumane fraud

The titans of commerce have made capitalism an ideology instead of a tool. As such its inhumanity and barbaric intrinsic nature are on full display for those who choose to see it. Adherence to this economic system requires an uncanny ability to make excuses for the reality that very few Americans have partaken of the country's growing wealth.

https://egbertowillies.com/2018/08/08/the-foundation-of-americas-economic-system-is-now-an-inhumane-fraud/

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The foundation of America's economic system is now an inhumane fraud (Original Post) egbertowillies Aug 2018 OP
It is not capitalism itself but how it is wasupaloopa Aug 2018 #1
taken to its extreme KT2000 Aug 2018 #2
Democrats must reclaim the center...by moving hard left pecosbob Aug 2018 #3
Predatory capitalism at its best...take from the many and give only to the 1%... SWBTATTReg Aug 2018 #4
 

wasupaloopa

(4,516 posts)
1. It is not capitalism itself but how it is
Tue Aug 14, 2018, 12:55 PM
Aug 2018

administered. If we had a government that regulated capitalism were it is unfair there would be a better distribution of wealth.

Because we elect those in government we decide what regulations are put in place and which are removed.

This harping in “capitalism is evil” neglects the building up of the middle class after WWII.

It was the New Deal along with capitalism that brought wealth to the lower economic individuals.


So much depends on what type of government protections are in place or are misding that mostly determines the income distribution in our society.

KT2000

(20,577 posts)
2. taken to its extreme
Tue Aug 14, 2018, 01:15 PM
Aug 2018

as we are headed now, it is actually cannibalism. The have-nots are the source of their wealth.

pecosbob

(7,538 posts)
3. Democrats must reclaim the center...by moving hard left
Tue Aug 14, 2018, 01:21 PM
Aug 2018

[link:https://www.politico.com/magazine/story/2018/08/14/democrats-must-reclaim-the-center-by-moving-hard-left-219354|]

'Democrats need to stop balancing the economic interests of the top 2 percent against the interests of everyone else and start focusing on the needs of the majoritarian center—the 80 percent of families who have been left behind by 40 years of trickle-down economics. Raise wages now. That’s the kind of pragmatic centrism the majority of Americans truly want, and that our economy needs.'

SWBTATTReg

(22,124 posts)
4. Predatory capitalism at its best...take from the many and give only to the 1%...
Tue Aug 14, 2018, 01:40 PM
Aug 2018

Plus another kicker in the balls ... these people (the 1%) won't pay any taxes or less %-wise, than my waiter or waitress at my diner...

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