5 Ways That Raw, Unregulated Capitalism Is Acting Like a Cancer on American Society

[Lakhota]

By Paul Buchheit

The predators on our society will scream about threats to "freedom" as soon as we start going after them, but it's just about trying to protect profits.

Unregulated capitalism is out of control. Like a cancer, it has become "something evil or malignant that spreads destructively," with tumors growing in several once-healthy parts of the American body.

1. Attacking the Hungry

The uncontrolled growth of investment wealth is diverting resources away from vital programs, effectively smothering them. The average Supplemental Nutrition Assistance Program (SNAP) recipient received about $1,500 for food for the entire year. At least ten Americans each made that much in under ten seconds from their investment gains in 2012, about the time it took each one to fluff his pillow and roll over in bed.

Under capitalism, fortunes accrue to a few while 47 million Americans, or one out of seven, need food assistance. Almost half of the hungry are children. For every food bank we had in 1980, we now have 200.

Yet just 20 people made more from their investment income in one year than the entire 2011 food assistance budget. That's $73 billion, taxed at the capital gains rate. Meanwhile, President Obama couldn't get the $1 billion per year he needed to improve childhood nutritionin schools.

Most recently, the House proposed a farm bill that would cut another $2 billion a year from the food stamps account.

More................

More: 5 Ways That Raw, Unregulated Capitalism Is Acting Like a Cancer on American Society

Capitalism will destroy us unless it is properly regulated - and we see examples of that taking place all around us. Unregulated capitalism is destructive and evil - a cancer.

 

[TemplarKormac]

Alternet? Please. Shut the fuck up you commie.

 

[Billy000]

By Paul Buchheit

The predators on our society will scream about threats to "freedom" as soon as we start going after them, but it's just about trying to protect profits.

Unregulated capitalism is out of control. Like a cancer, it has become "something evil or malignant that spreads destructively," with tumors growing in several once-healthy parts of the American body.

1. Attacking the Hungry

The uncontrolled growth of investment wealth is diverting resources away from vital programs, effectively smothering them. The average Supplemental Nutrition Assistance Program (SNAP) recipient received about $1,500 for food for the entire year. At least ten Americans each made that much in under ten seconds from their investment gains in 2012, about the time it took each one to fluff his pillow and roll over in bed.

Under capitalism, fortunes accrue to a few while 47 million Americans, or one out of seven, need food assistance. Almost half of the hungry are children. For every food bank we had in 1980, we now have 200.

Yet just 20 people made more from their investment income in one year than the entire 2011 food assistance budget. That's $73 billion, taxed at the capital gains rate. Meanwhile, President Obama couldn't get the $1 billion per year he needed to improve childhood nutritionin schools.

Most recently, the House proposed a farm bill that would cut another $2 billion a year from the food stamps account.


More: 5 Ways That Raw, Unregulated Capitalism Is Acting Like a Cancer on American Society

Capitalism will destroy us unless it is properly regulated - and we see examples of that taking place all around us. Unregulated capitalism is destructive and evil - a cancer.

Regulated capitalism is extremely important. Can you imagine what it would be like if Corporate America had unchecked power? Imagine what they would do for the sake of profit. It's a scary thought.

Unfortunately some conservatives are stupid enough to confuse regulated capitalism with socialism.

It does need to be said that capitalism is an effective economic system. We needn't abandon it.

 

[Lakhota]

Thank you. I was waiting for a sane response.

 

[Inkslinger]

By Paul Buchheit

The predators on our society will scream about threats to "freedom" as soon as we start going after them, but it's just about trying to protect profits.

Unregulated capitalism is out of control. Like a cancer, it has become "something evil or malignant that spreads destructively," with tumors growing in several once-healthy parts of the American body.

1. Attacking the Hungry

The uncontrolled growth of investment wealth is diverting resources away from vital programs, effectively smothering them. The average Supplemental Nutrition Assistance Program (SNAP) recipient received about $1,500 for food for the entire year. At least ten Americans each made that much in under ten seconds from their investment gains in 2012, about the time it took each one to fluff his pillow and roll over in bed.

Under capitalism, fortunes accrue to a few while 47 million Americans, or one out of seven, need food assistance. Almost half of the hungry are children. For every food bank we had in 1980, we now have 200.

Yet just 20 people made more from their investment income in one year than the entire 2011 food assistance budget. That's $73 billion, taxed at the capital gains rate. Meanwhile, President Obama couldn't get the $1 billion per year he needed to improve childhood nutritionin schools.

Most recently, the House proposed a farm bill that would cut another $2 billion a year from the food stamps account.


Capitalism will destroy us unless it is properly regulated - and we see examples of that taking place all around us. Unregulated capitalism is destructive and evil - a cancer.

Amen.... but of course we all know that the cost of food stamps far outweighs corporate welfare, hence the economic mess we're in today.



And yes, that was sarcasm.

 

[buckeye45_73]

Unregulated capitalism? do you even have clue?
When did we have that?
OMG we've been regulated since the FDR....what the fuck are you talking about?

It's just a bunch of programs that liberals say mean everything and yet they dont check results and just want to throw more money at them.

 

[Lakhota]

McALLEN, Texas -- The Texas fertilizer plant that exploded last month, killing 14 people, injuring more than 200 others and causing tens of millions of dollars in damage to the surrounding area had only $1 million in liability coverage, lawyers said Saturday.

"It's rare for Texas to require insurance for any kind of hazardous activity," he said. "We have very little oversight of hazardous activities and even less regulation."

West Fertilizer Co.'s Insurance Policy Was Just $1 Million Before Deadly Plant Explosion

 

[TemplarKormac]

Heres a little math.

The single largest item on the FY 2011 budget was for 83 means tested welfare programs, at a cost of $1.03 trillion.

Spending for Federal Benefits and Services for People With Low Income, FY08-FY11

Govt spent $1.028 trillion on welfare in FY 2011 | The Daily Caller

While in 2012 the government doled out only $100 billion in corporate welfare.

$100 Billion of Corporate Welfare | MyGovCost | Government Cost Calculator

 

[buckeye45_73]

McALLEN, Texas -- The Texas fertilizer plant that exploded last month, killing 14 people, injuring more than 200 others and causing tens of millions of dollars in damage to the surrounding area had only $1 million in liability coverage, lawyers said Saturday.

"It's rare for Texas to require insurance for any kind of hazardous activity," he said. "We have very little oversight of hazardous activities and even less regulation."

West Fertilizer Co.'s Insurance Policy Was Just $1 Million Before Deadly Plant Explosion

Liberal knee jerk reaction.
Why doesnt this happen so often in Texas if it's so bad?

Gunpowder Plant Explodes In New Jersey, Injuring 12 - NYTimes.com

It happens, it's a dangerous job....fertilizer is an ingrediant to bombs.....

Lakhota, wants perfection and knee jerk laws......lets all live in the wood and have nothing dangerous around.

 

[buckeye45_73]

Explosion at Wisconsin Power Plant Injures 6 | Fox News

 

[buckeye45_73]

Long Beach plant explosion forces evacuations; no injuries | abc7.com

 

[The Rabbi]

There is no unregulated capitalism. ANyone who posts that has his head up his ass.

 

[Claudette]

There is unregulated capitalism. ANyone who posts that has his head up his ass.

Bingo.

Since when is capitalism unregulated?? Just try starting a small business and see how "unregulated" business is.

As usual ShittingBull has his/her head up his/her ass.

As usual he/she is an idiot.

 

[editec]

This nation is NOT a capitalist nation anymore.

Part of the reason the Kleptocrats continue to thrive is because they have convinced us that there is a battle between capitalists and socialists for the heart and soul of the nation.

That is a gigantic lie.

 

[Inkslinger]

There is unregulated capitalism. ANyone who posts that has his head up his ass.

This sure does stimulate our economy, thanks to you RWer's support!

Check Out Who's Hiding $32 Trillion in Offshore Accounts

More than two million emails that shed light on the biggest tax dodge in history - trillions of dollars hidden in offshore accounts - have been uncovered by the British newspaper The Guardian and the Washington, D.C.-based International Consortium of Investigative Journalists (ICIJ).
Some $32 trillion has been hidden in small island banking hubs which host a bevy of trust funds, shell corporations and other tax havens, the Tax Justice Network estimates.
This money is to the financial world what the Higgs boson and dark matter are to particle physics: It's tough to prove it's there, but the universe doesn't make much sense without it. It's just a matter of connecting the money to the people hiding it.
That's been a tall order... until now.

 

[TemplarKormac]

There is unregulated capitalism. ANyone who posts that has his head up his ass.

This sure does stimulate our economy, thanks to you RWer's support!

Check Out Who's Hiding $32 Trillion in Offshore Accounts

More than two million emails that shed light on the biggest tax dodge in history - trillions of dollars hidden in offshore accounts - have been uncovered by the British newspaper The Guardian and the Washington, D.C.-based International Consortium of Investigative Journalists (ICIJ).
Some $32 trillion has been hidden in small island banking hubs which host a bevy of trust funds, shell corporations and other tax havens, the Tax Justice Network estimates.
This money is to the financial world what the Higgs boson and dark matter are to particle physics: It's tough to prove it's there, but the universe doesn't make much sense without it. It's just a matter of connecting the money to the people hiding it.
That's been a tall order... until now.

A red herring.

 

[Book of Jeremiah]

By Paul Buchheit

The predators on our society will scream about threats to "freedom" as soon as we start going after them, but it's just about trying to protect profits.

Unregulated capitalism is out of control. Like a cancer, it has become "something evil or malignant that spreads destructively," with tumors growing in several once-healthy parts of the American body.

1. Attacking the Hungry

The uncontrolled growth of investment wealth is diverting resources away from vital programs, effectively smothering them. The average Supplemental Nutrition Assistance Program (SNAP) recipient received about $1,500 for food for the entire year. At least ten Americans each made that much in under ten seconds from their investment gains in 2012, about the time it took each one to fluff his pillow and roll over in bed.

Under capitalism, fortunes accrue to a few while 47 million Americans, or one out of seven, need food assistance. Almost half of the hungry are children. For every food bank we had in 1980, we now have 200.

Yet just 20 people made more from their investment income in one year than the entire 2011 food assistance budget. That's $73 billion, taxed at the capital gains rate. Meanwhile, President Obama couldn't get the $1 billion per year he needed to improve childhood nutritionin schools.

Most recently, the House proposed a farm bill that would cut another $2 billion a year from the food stamps account.



More: 5 Ways That Raw, Unregulated Capitalism Is Acting Like a Cancer on American Society

Capitalism will destroy us unless it is properly regulated - and we see examples of that taking place all around us. Unregulated capitalism is destructive and evil - a cancer.

Regulated capitalism is extremely important. Can you imagine what it would be like if Corporate America had unchecked power? Imagine what they would do for the sake of profit. It's a scary thought.

Unfortunately some conservatives are stupid enough to confuse regulated capitalism with socialism.

It does need to be said that capitalism is an effective economic system. We needn't abandon it.

What we need is LESS regulation. NOT MORE. At this writing the fourth branch of government IS regulations! Enough! Go buy Al Lee's book on Pruning the Fourth Branch ( of gov ) and learn the truth about how the democrats have used regulations to create laws, restrict the american people & their constitutional rights and bypass the other 3 branches of govt. successfully for years. The Party is Over. Enough.

 

[editec]

What we need is GOOD regulations... not more, not less, but simply regulations that are helpful.

It would also be swell if white color criminals actually went to prison instead of becoming powerful officials in the FED and Treasury.

 

[TemplarKormac]

What we need is GOOD regulations... not more, not less, but simply regulations that are helpful.

It would also be swell if white color criminals actually went to prison instead of becoming powerful officials in the FED and Treasury.

I find this agreeable. For once.

 

[DiamondDave]

alternet?? Why not put some huffo puffu and commie dream pieces up to support it??

And you fuckers complain when some person on here puts up a story from fox or heritage?? Laughable