Financial Strip-Mining-- how capitalism has really gone to hell and taken the country with it
http://www.salon.com/2016/03/05/its_shameless_financial_strip_mining_les_leopold_explains_how_the_1_percent_killed_the_middle_class/Its shameless financial strip-mining: Les Leopold explains how the 1 percent killed the middle class
The "pro-business" model of capitalism is broken and getting worse, author and activist Les Leopold tells Salon.
benfranklin1776
(6,449 posts)It explains much about how the architecture of modern vulture capitalism was engineered through deliberate perversions of the corporate tax code and securities laws to publicly underwrite pump and dump Wall Street casino schemes that channel money from workers communities and the nation to the banksters, fraudsters and malefactors of great wealth to borrow FDRs terms.
Fast Walker 52
(7,723 posts)it's a good analogy... more importantly, we have to stop it!
newthinking
(3,982 posts)Corporations are not as interested in innovation as they are in trying to find ways to strip out everyone's remaining assets by using semi-monopolistic methods.
Fast Walker 52
(7,723 posts)stuffmatters
(2,574 posts)Income inequality isn't a single issue, it explains all issues from wage depletion, gender inequality, mass incarceration, depletion of our education and infrastructure, privatization and destruction of our commons, pollution of our environment and our information,
raiding our social safety nets....the list is endless.
Strip mining of our country is the perfect description. Unstopped, strip mining only ends in total destruction.
Fast Walker 52
(7,723 posts)Income inequality and financial abuses (due to GREED) are the single most important thing tying all our other problems together.
lastlib
(23,286 posts)Gives a better understanding of the problems caused by financial de-regulation. Every American should read this!
Quite simply, Bernie isn't going far enough. We as a country need to totally re-think capitalism!