Nice read....I see it as Socialism...i.e bailouts for the rich
capitalism/neoliberalism for the people, you're on your own
suckers
Hence the term "Free Markets" used by the elites. They're
free from regulation and from any law such as the Sherman Anti-Trust Act
etc.etc.etc.
It began under Carter, got normalized by Raygun and had a
nice run w/Clinton, got put on roids under Dubya and has been
enhanced by each further POS since.
jessescrossroadscafe.blogspot.com
Jesse
"Efficient market theory (markets are naturally good, requiring little to no regulation) is a fraud, and further deregulation is little more than a license to steal. It is no coincidence that the gap between the wealthy few and the public is at levels not seen since the last Great Depression. This is the mark of a very unhealthy kleptocracy based not on merit but on position, power, and payoffs.The corruption in the system acts like a huge tax on the real economy, diverting resources, labor, and investment away from productive activity and towards monopolies, cartels, and the fraudulent accumulation of wealth through the manipulation of financial assets, making money from money. There will be no sustainable recovery until there is substantial, genuine reform of the financial and political systems, both of which have been tainted by big money and corporate power promoting a very narrow and self-servingly destructive agenda.
Agree or not, things will continue to get worse, even if in a long, dwindling cycle of decay and despair, until change comes. And it will come, one way or the other. And the longer it takes, the more volatile the outcome."
Jesse, 7 September 2012 |
