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Forum Post: The Corruption of Capitalism in America

Posted 1 year ago on April 2, 2013, 9:57 p.m. EST by john32 (-272) from Pittsburgh, PA
This content is user submitted and not an official statement

"Since the S.&P. 500 first reached its current level, in March 2000, the mad money printers at the Federal Reserve have expanded their balance sheet sixfold (to $3.2 trillion from $500 billion). Yet during that stretch, economic output has grown by an average of 1.7 percent a year (the slowest since the Civil War); real business investment has crawled forward at only 0.8 percent per year; and the payroll job count has crept up at a negligible 0.1 percent annually. Real median family income growth has dropped 8 percent, and the number of full-time middle class jobs, 6 percent. The real net worth of the “bottom” 90 percent has dropped by one-fourth. The number of food stamp and disability aid recipients has more than doubled, to 59 million, about one in five Americans. "...................continued

http://www.nytimes.com/2013/03/31/opinion/sunday/sundown-in-america.html?pagewanted=all&_r=0

8 Comments

8 Comments


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[-] 3 points by OTP (-203) from Tampa, FL 1 year ago

Wall st is winning at record paces.

Thousands of people protesting in the streets, and what did Congress do?

Gave them unlimited bailouts.

And we have people here, claiming to support change, endorsing them. Wtf?

[-] 1 points by john32 (-272) from Pittsburgh, PA 1 year ago

"And we have people here, claiming to support change, endorsing them. Wtf?"

I don't get it either man....my opinion is the Obama crowd would never admit something is being done wrong under their man. I don't care who's in office....Bush did the same shit and I was vocal towards him 8 years ago. Repubs and dems have a symbiotic relationship....mutually beneficial f'ing over of the people..

[-] 3 points by OTP (-203) from Tampa, FL 1 year ago

Its absolutely unreal. While their numers are dwindling as shown by party affiliation shifts over the last 5 years, those that hold on are more stubborn than ever.

Which goes in the direction that I think is the reason for the hand on- fear that it may have all been a lie. Im fine with admitting it. I got duped,. No big deal, happens to all of us at some point.

But the base, that is shrinking, on each side is grasping more and more desperately to hang on.

Hang onto something that was never there to begin with.

Its frustrating and down right deflating.

[-] 0 points by john32 (-272) from Pittsburgh, PA 1 year ago

At least the bases are shrinking....it's moving in a positive direction. But i hear ya...sucks the life outa ya sometimes.

[-] 3 points by Builder (4202) 1 year ago

The focus might be better directed to a banking model such as the successful one in North Dakota.

When you come upon an enemy that is seemingly insurmountable, look at their supply lines, and one by one, take them away.

[-] 1 points by jorae28 (8) 1 year ago

Capitalism has no conscience. It's a mathematical equation that want as large a profit as it can obtain. The outcome is 'excess' and the full blown excess is 'free market'... You will never see a republican state ... 'we went to far'... the jobs going to China, was just a little too much profit grabbing vs 'the common good'. We have to make our government fight on the peoples side. We find 'deregulations' is government fighting for the corporation side. Get this message out. A deficit should have a bench mark for the common good as the required sum. Take in this amount, no matter what, for that common good. Republicans seem to start with removing that 'we the people' as the first to remove. We need to get it out, that capitalism will never be moral. It will never do any good for a nation - because all nations require taxation to be a good benefit for the people. And capitalism will never agree to the math which takes away from profit.

[-] 1 points by OTP (-203) from Tampa, FL 1 year ago

Tell that to the thousands of sheep that flock into the Walmarts and patronize them, knowing damn well what is going on.

No "ism" can stay true when the people that make it up arent interested in self governance.

[-] 2 points by jorae28 (8) 1 year ago

I have not shopped at Wal Mart for over a year. And they are closer than any other 'big box' store I have. I actually decided to go to a co-op that shares the profits with the employees. I feel great about this, and I have not wavered in the year. I tell people, I stopped going to wal mart, and I hope they understand why, and take the oath to stand up for human rights too. That is all you can do.