American capitalism gone with a whimper

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KpAtch3s

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An article that was shown to me in class tonight, and I have found it on the internet. A glympse of how the rest of the world views us right now, which is well, a laughing stock.

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.
True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was. But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists.
Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters.
First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.
Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.
The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.
These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison. Yes, the Americans have beat our own thieves in the shear volumes. Should we congratulate them?
These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters.
Then came Barack Obama's command that GM's (General Motor) president step down from leadership of his company. That is correct, dear reader, in the land of "pure" free markets, the American president now has the power, the self given power, to fire CEOs and we can assume other employees of private companies, at will. Come hither, go dither, the centurion commands his minions.
So it should be no surprise, that the American president has followed this up with a "bold" move of declaring that he and another group of unelected, chosen stooges will now redesign the entire automotive industry and will even be the guarantee of automobile policies. I am sure that if given the chance, they would happily try and redesign it for the whole of the world, too. Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride.
Again, the American public has taken this with barely a whimper...but a "freeman" whimper.
So, should it be any surprise to discover that the Democratically controlled Congress of America is working on passing a new regulation that would give the American Treasury department the power to set "fair" maximum salaries, evaluate performance and control how private companies give out pay raises and bonuses? Senator Barney Franks, a social pervert basking in his homosexuality (of course, amongst the modern, enlightened American societal norm, as well as that of the general West, homosexuality is not only not a looked down upon life choice, but is often praised as a virtue) and his Marxist enlightenment, has led this effort. He stresses that this only affects companies that receive government monies, but it is retroactive and taken to a logical extreme, this would include any company or industry that has ever received a tax break or incentive.
The Russian owners of American companies and industries should look thoughtfully at this and the option of closing their facilities down and fleeing the land of the Red as fast as possible. In other words, divest while there is still value left.
The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.

Stanislav Mishin
American capitalism gone with a whimper - Pravda.Ru

This brings up a quote that I think applies to situation at hand greatly

"The American people will never knowingly adopt Socialism. But under
the name of 'liberalism' they will adopt every fragment of the Socialist
program, until one day America will be a Socialist nation, without
knowing how it happened."

-Norman Thomas
 
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kelvin070

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GREED won't work with Capitalism, Socialism or Communism. (its the other way round actually - capitalism, socialism or communism won't work with greed)
 

kelvin070

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Source: Readers Digest
Outrageous: We're Done with Greed
Something has gone rotten in America. Investor Bernie Madoff made a fortune from a $65 billion Ponzi scheme that wiped out the life savings of a good chunk of his 4,800 investors. Given the power to fill a vacant U.S. Senate seat, Illinois governor Rod Blagojevich allegedly plotted to enrich himself, saying the public office "is a [expletive] valuable thing—you don't just give it away." After losing about 80 percent of its value last year, Wall Street giant Merrill Lynch paid out $209 million in bonuses to its top ten executives just ahead of its take­over by Bank of America. Congress promised to crack down on earmarks, then passed a spending bill in March with nearly 9,000 of them. And just days after getting an $85 billion bailout, executives at insurance titan AIG shelled out $440,000 for a luxury retreat at a California resort; $23,000 of that went just for spa treatments. Then, after receiving even more bailout money, they attempted to award themselves $165 million worth of bonuses paid for by U.S. taxpayers.
It all adds up to a culture of greed. The people who ran our economy and government lost sight of what was good for America. Instead, they did only what was good for themselves. Now we're all paying the price. Even as we fight to stay above water through the economic crisis, Americans are increasingly asking what we can do to help turn things around, hold people accountable, and make sure that our country never has to go through another disaster like this one again.

PS. The rest of the world was fooled too.
 

SgtSpike

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Amazing article KpAtch3s, thanks for posting. It's really sad that things are coming to this... I just hope that we don't turn into an all-out Marxist society before I'm dead - I really don't want to see it happen to this once great country.

@ kelvin - A desire for money is what drives every American to work every day. I don't see how that is different between the poorest of Americans and the richest. We all want to provide for ourselves, though for some it might be food on the table, and for others it might be a private jet. I see nothing wrong with someone buying a $40 million jet if they've earned the money to buy one.

The only reason America has grown as fast as it has with the technological innovations is has is because of "greed" - people innovate because they want to be rich. Take away the ability to be rich, and you no longer have innovation (or a growing GDP).
 

CaptainLeeus

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America will never be a socialist state. fact. Capitalism may not be overtly flourishing at the moment, but its still there!
 

SgtSpike

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America will never be a socialist state. fact. Capitalism may not be overtly flourishing at the moment, but its still there!
I hope you're right.

Right now though, it's hard to imagine it NOT turning socialist. Obama's already taking control of various private industries within the US, and taxes or inflation is going to shoot through the roof with all his spending. We're getting close to the point of not being able to pay off the national debt... ever. And what happens when the government itself goes bankrupt? It tells all those people with treasury bonds "sorry, you're out of luck", the economy REALLY takes a dive, and the only way to bring it back is through revamping all the industries with government-subsidized (aka owned) companies.

The big thing is control though. The government now has a huge foot in the door of both the financial industries and the auto industries, and as this article alludes to, the president can now fire CEO's. :willy_nilly:
 

SgtSpike

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SgtSpike pls think deeper. Greed at the expense of others?
What do you mean?

If this was a perfect world, we wouldn't have capitalism. Everyone would work and share everything with everyone who needed it in a perfect socialistic society. But the world is not perfect, and if people can get what they want for free instead of working for it, they'll take the opportunity. Which is why socialism will never work as a form of economic activity.

Capitalism works on incentives. If you work harder, you gain more. If you work less, you gain less. It's what drives people to produce. If we stop producing, the economy will fail. So we need people looking out for themselves in order for our economy as we know it to continue. Call it incentives, call it greed, call it whatever you want, but it's the same thing. The only reason people go to work every day is to provide for themselves. If you take away the need to provide for themselves, they won't work. And then who pays for provision? The government. And then the government fails.

Socialism has been tried time and time again, and every time, it fails. Just look at Canada, or any of the EU who are nearing complete socialism. Their tax rates are insane, public services suck (i.e. healthcare), and all their people complain about the insanely high prices they have to pay for goods like computers, simply because they do not have the GDP to support much importing.
 

kelvin070

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Capitalism has failed with the bailouts and bankruptsy filings. Greed at the expense of others - Madoff is a classic example.
 

CaptainLeeus

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The education system in th USA the same as here in the UK is a key example of capitalism flourishing still, people go to university so that they can get a higher income. capitalism!?
 

CoralRose

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An article that was shown to me in class tonight, and I have found it on the internet. A glympse of how the rest of the world views us right now, which is well, a laughing stock.

I'm not so sure the whole world views us like this. Consider the source. It's to Russia's delight to see America and Capitalism fail completely. I don't think it will. And Russia has it's own problems to worry about.


http://english.pravda.ru/opinion/columnists/107459-0/
 

kelvin070

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Source: Correspondents.the atlantic.com
What Obama's "Socialism" Looks Like
What Socialism Looks Like

Have you heard that the United States is headed toward socialism? Jonah Goldberg says it is. Alabama Senator Richard Shelby says it is. Phyllis Schlafly says it is. Richard Viguerie says it is. The Republican National Committee says it is. We must be getting pretty close.

How close? This is what socialism looks like:

socialism%20chart.png

The hot-pink portion of this pie chart is the percentage of listed American business assets that have recently been nationalized by the American government (ie, General Motors). Obama's version of socialism is so sneaky you can hardly see it!

(And there is some reason to think this actually overstates the portion of the corporate landscape that's been nationalized, but more on that at the end of the post.*)


There is a serious discussion to be had here, and I think Jon Henke is having it: Socialism, like farenheit, comes in degrees. Sure, a government that nationalizes GM is "more socialist" than one that does not, even if it doesn't mean we're living "under socialism." But differences of degree shouldn't obscure differences of kind, and as Tim Fernholz says, "it's clear that putting the government in charge of private production is not the Obama administration's guiding philosophy."

If it were, 99.79% of the American corporate assets that existed at the start of the Obama administration would not remain in private hands. The differences of degree are so small that they aren't worth mentioning. And yet, somehow, they keep getting mentioned.



 

KpAtch3s

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Amazing article KpAtch3s, thanks for posting. It's really sad that things are coming to this... I just hope that we don't turn into an all-out Marxist society before I'm dead - I really don't want to see it happen to this once great country.

@ kelvin - A desire for money is what drives every American to work every day. I don't see how that is different between the poorest of Americans and the richest. We all want to provide for ourselves, though for some it might be food on the table, and for others it might be a private jet. I see nothing wrong with someone buying a $40 million jet if they've earned the money to buy one.

The only reason America has grown as fast as it has with the technological innovations is has is because of "greed" - people innovate because they want to be rich. Take away the ability to be rich, and you no longer have innovation (or a growing GDP).

Same here, it needs to last another 80 years at least.

Capitalism has failed with the bailouts and bankruptsy filings. Greed at the expense of others - Madoff is a classic example.

This is from another thread, but this response sorta fits here as well. This is in reference to sub prime mortgages, which lead to this "greed" you are referring to.

They were sold and leveraged by the banks because of pressure placed on them from politicians. Banks weren't giving enough loans to poor people and warned them of legal action. Politicians(by this I mean liberals) then told them that if they defaulted on the loans that Fannie Mae and Freddie Mac (pseudo gov. corporations) would take them off their hands. So obviously they would sell as many sub prime mortgages as they could. Why not? The government will take them off our hands? The base of the problem lies in the hands of the government and leads back to Clinton.

Madoff is a classic example of greed at the expense of others, but it is not the same thing that happened with the banks.

I'm not so sure the whole world views us like this. Consider the source. It's to Russia's delight to see America and Capitalism fail completely. I don't think it will. And Russia has it's own problems to worry about.

I agree, I don't think everyone views us this way. I do however think the majority probably does. Capitalism won't fail, no. What will fail is our Republic because our conservative minds seem to be disappearing while liberals turn this country into a socialist society.

Source: Correspondents.the atlantic.com
What Obama's "Socialism" Looks Like
What Socialism Looks Like

Have you heard that the United States is headed toward socialism? Jonah Goldberg says it is. Alabama Senator Richard Shelby says it is. Phyllis Schlafly says it is. Richard Viguerie says it is. The Republican National Committee says it is. We must be getting pretty close.

How close? This is what socialism looks like:

socialism%20chart.png

The hot-pink portion of this pie chart is the percentage of listed American business assets that have recently been nationalized by the American government (ie, General Motors). Obama's version of socialism is so sneaky you can hardly see it!

(And there is some reason to think this actually overstates the portion of the corporate landscape that's been nationalized, but more on that at the end of the post.*)


There is a serious discussion to be had here, and I think Jon Henke is having it: Socialism, like farenheit, comes in degrees. Sure, a government that nationalizes GM is "more socialist" than one that does not, even if it doesn't mean we're living "under socialism." But differences of degree shouldn't obscure differences of kind, and as Tim Fernholz says, "it's clear that putting the government in charge of private production is not the Obama administration's guiding philosophy."

If it were, 99.79% of the American corporate assets that existed at the start of the Obama administration would not remain in private hands. The differences of degree are so small that they aren't worth mentioning. And yet, somehow, they keep getting mentioned.




Um, I think the point is Obama is turning this country down the socialist lane.This is worth mentioning. In one fell swoop he has taken this country down a road it's never been and was never meant to be on. BTW this chart is flawed if it doesn't include all the mortgages the government now owns. Lets also not forget how he is also trying to nationalize health care. A BIG mistake. Yea, we are becoming a socialist country.
 

MoonOwl

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Um, I think the point is Obama is turning this country down the socialist lane.This is worth mentioning. In one fell swoop he has taken this country down a road it's never been and was never meant to be on. BTW this chart is flawed if it doesn't include all the mortgages the government now owns. Lets also not forget how he is also trying to nationalize health care. A BIG mistake. Yea, we are becoming a socialist country.




John McCain would have taken the same course of action that Barack is taking. Different packaging, but the very same agenda.

Even Ron Paul had stones enough to admit publicly that he couldn't guarantee that he wouldn't be 'assimilated' into the sold-out, corrupt mess that passes (obviously) as 'Our' government unable to stop the train wreck we've been sold into while we were busy arguing over abortion, gay rights, the environment, the wars, etc....

The only difference between parties is the dressings they show to distract and divide us from just exactly what they are up to. W/vote fraud in the bag there is no real reason for any of them to listen to us. Only those they've sold out to. After all, they view all of us as UsefulIdiots. Can you blame them?
 

KpAtch3s

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John McCain would have taken the same course of action that Barack is taking. Different packaging, but the very same agenda.

Even Ron Paul had stones enough to admit publicly that he couldn't guarantee that he wouldn't be 'assimilated' into the sold-out, corrupt mess that passes (obviously) as 'Our' government unable to stop the train wreck we've been sold into while we were busy arguing over abortion, gay rights, the environment, the wars, etc....

The only difference between parties is the dressings they show to distract and divide us from just exactly what they are up to. W/vote fraud in the bag there is no real reason for any of them to listen to us. Only those they've sold out to. After all, they view all of us as UsefulIdiots. Can you blame them?

You're argument is weak. McCain and Ron Paul did not win the election, therefore we can't discuss what they would have done. Obama won and he is the one with the policies that is moving us in the direction we are in.
 

MoonOwl

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You're argument is weak. McCain and Ron Paul did not win the election, therefore we can't discuss what they would have done. Obama won and he is the one with the policies that is moving us in the direction we are in.


hehehehehehehehehe..... ok then.....
 

SgtSpike

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John McCain would have taken the same course of action that Barack is taking. Different packaging, but the very same agenda.
Lol, talk about shifting the limelight! Didn't have a response to the fact that Barack is taking our country down a path that it never should have gone (government-owned companies), and you just say that McCain would have done the same thing?

Regardless of what McCain would have done (which we can't even talk about because we can't know), what SHOULD have been done is the companies who made bad decisions should have gone bankrupt WITHOUT government assistance. That's what happens to the rest of corporations in America, and that's what should have happened with the big three and the banks. The initial pain might have been harder, but we wouldn't be taking this path towards communism and government controlled companies. It would have been better to let the companies die off completely than to have them end up in the hands of the government.
 

MoonOwl

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Lol, talk about shifting the limelight! Didn't have a response to the fact that Barack is taking our country down a path that it never should have gone (government-owned companies), and you just say that McCain would have done the same thing?


This whole ball was started under a Republican administration. Well, some w/Clinton & DaddyBush, but we sure didn't see the Republicans put on the brakes did we?
 

SgtSpike

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This whole ball was started under a Republican administration. Well, some w/Clinton & DaddyBush, but we sure didn't see the Republicans put on the brakes did we?
No, it was Clinton's fault. Clinton who wrote the rules about subprime loans and all that BS that allowed so many people to get into homes they couldn't afford. Sure, the Republicans could have stopped it, but the Democrats are much more at fault for starting the mess in the first place.
 
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