bailouts?4/5 wrote:Hmm. Massive government intervention kinda sounds like the opposite of capitalism.Noangel wrote:the same arguments against socialism and communism, as to why failure is inherent, holds true for American capitalism.BurtReynolds wrote:Collectivism in all its forms is the single greatest evil in the universe.
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They all require massive gov't intervention-socialism/communism/capitalism- to continue their existence.....
great depression?
military industrial complex?
all evidence that US capitalism has not only failed, twice, massively, but that a massive gov't is required to sustain the current model.
Fractional Reserve banking is a thievery on par with nothing in human history.
You give a bank a dollar. They have to match that dollar, but they can loan out 90% of the deposit. And the recipient of the loan will probably deposit that into the bank, and the process repeats, again and again.
Essentially that 1$ deposit turns into ~3$. The number of dollars in circulation has increased, but the value of the currency has not, thus inflation. Its inherent in the monetary system. It might not seem important but essentially labor is being paid less and less, for every loan a bank makes, every deposit, every purchase. Its been said that for every dollar in circulation someone, somewhere owes a dollar to a bank or like institution.
So Americans work harder, and banks get more and more,.....and foreclose and take property and on and on.
A Yale professor gave a talk, he said that 20% of American potential was idle, while 10-15% of the work force was unemployed. A society that cannot put those 2 things together is fundamentally flawed. The same holds true of homeless and vacant houses.
In between lies the massive, centralized authority propping it all up.
