Capitalism is NOT Democratic: Democracy is NOT Capitalist

[Toddsterpatriot]

"After the American Civil War, newly freed Black adults were to receive 40 acres and a mule as a form of reparations for their bondage.

"Did you know that Thaddeus Stevens, a White Radical Republican, proposed that idea on this day in history? Stevens urged Congress to confiscate the estates of Confederate leaders and distribute the land back to their former slaves in 40-acre increments."

September 6, 1865: Do We Deserve Reparations? | How We Buy Black

Thanks. Nobody offered them 40 acres.
Glad you finally learned something.

 

[bripat9643]

"Today, owning a home is the most common way Americans hold wealth. The working class gained access to the U.S. housing market in the 1930s with the creation of the modern mortgage, a part of broader policies to restore prosperity during the Great Depression.

Black families, however, were largely left out through a practice called redlining. A federal agency called the Home Owners’ Loan Corporation assigned grades to neighborhoods based on criteria including the race and class of residents. Areas that got the lowest grade were deemed hazardous to lend to and color-coded red on maps, making it difficult for Black people to get mortgages"

The Historical Reasons Behind the U.S. Racial Wealth Gap

That was 90 years ago, turd.

 

[Colin norris]

Joe didn't win...the election was stolen....and that's not democracy...

And sun will rise in the West when you idiots and suckers get the evidence to prove it. You wouldn't know democracy if it crawled up your leg. You are so paranoid with hate from losing you're now invented scenarios to suit your ignorant position. Grow up.

 

[tahuyaman]

It's hard for me to understand how an economic system dedicated to maximizing profit for a relative handful of society can be compatible with a political system allegedly based on one person/one vote?

https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit-oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners."

It benefits most everyone in our society whether you know it or not.

 

[IM2]

Today the USA is neither capitalist or Democratic.....

America has never been a democracy. And my ancestors were capital.

 

[georgephillip]

How do any of those exploit productive labor? Be specific.

Why Stock Buybacks Are Dangerous for the Economy

 

[Toddsterpatriot]

Why Stock Buybacks Are Dangerous for the Economy

Thanks for the link that doesn't explain how stock buybacks exploit productive labor.

It was useless for helping your claim.

 

[bripat9643]

It's hard for me to understand how an economic system dedicated to maximizing profit for a relative handful of society can be compatible with a political system allegedly based on one person/one vote?

https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit-oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners."

Because people aren't as stupid as you imagine they are. Killing the goose that lays the golden eggs doesn't help anyone. Those handful of people you blubber about create the vast wealth that we enjoy. Government creates nothing.

 

[bripat9643]

Why Stock Buybacks Are Dangerous for the Economy

Nothing i smor edangerous for the economy than politicians and bureaucrats.

 

[georgephillip]

overnment Planners ... eh.More like Commie Planners.The opposite of Milton
Friedman's -- Free to Choose --. Because the rule that best fits Big Brother
Government is something even a 5th grader can extrapolate.
The Bigger the Government the Smaller the Citizen.

What sort of freedom did Milton and Pinochet bring to Chile?

Maybe you haven't noticed how often "free markets" require killing and enslavement?

Human rights violations in Pinochet's Chile - Wikipedia

"Human rights violations in Pinochet's Chile were the crimes against humanity, persecution of opponents, political repression, and state terrorism committed by the Chilean Armed Forces, members of Carabineros de Chile and civil repressive agents members of a secret police, during the military dictatorship of Chile under General Augusto Pinochet from 1973 to 1990.

According to the Commission of Truth and Reconciliation (Rettig Commission) and the National Commission on Political Imprisonment and Torture (Valech Commission), the number of direct victims of human rights violations in Chile accounts for around 30,000 people: 27,255 tortured and 2,279 executed. In addition, some 200,000 people suffered exile and an unknown number went through clandestine centers and illegal detention.[citation needed]"

 

[bripat9643]

What sort of freedom did Milton and Pinochet bring to Chile?
View attachment 576778
Maybe you haven't noticed how often "free markets" require killing and enslavement?

Human rights violations in Pinochet's Chile - Wikipedia

"Human rights violations in Pinochet's Chile were the crimes against humanity, persecution of opponents, political repression, and state terrorism committed by the Chilean Armed Forces, members of Carabineros de Chile and civil repressive agents members of a secret police, during the military dictatorship of Chile under General Augusto Pinochet from 1973 to 1990.

According to the Commission of Truth and Reconciliation (Rettig Commission) and the National Commission on Political Imprisonment and Torture (Valech Commission), the number of direct victims of human rights violations in Chile accounts for around 30,000 people: 27,255 tortured and 2,279 executed. In addition, some 200,000 people suffered exile and an unknown number went through clandestine centers and illegal detention.[citation needed]"

That's a pile of commie lies. Pinochet fought a civil war against commies who were trying to overthrow the government. The people of Chile owe Pinochet a huge debt of thanks.

 

[Toddsterpatriot]

What sort of freedom did Milton and Pinochet bring to Chile?
View attachment 576778
Maybe you haven't noticed how often "free markets" require killing and enslavement?

Human rights violations in Pinochet's Chile - Wikipedia

"Human rights violations in Pinochet's Chile were the crimes against humanity, persecution of opponents, political repression, and state terrorism committed by the Chilean Armed Forces, members of Carabineros de Chile and civil repressive agents members of a secret police, during the military dictatorship of Chile under General Augusto Pinochet from 1973 to 1990.

According to the Commission of Truth and Reconciliation (Rettig Commission) and the National Commission on Political Imprisonment and Torture (Valech Commission), the number of direct victims of human rights violations in Chile accounts for around 30,000 people: 27,255 tortured and 2,279 executed. In addition, some 200,000 people suffered exile and an unknown number went through clandestine centers and illegal detention.[citation needed]"

What sort of freedom did Milton and Pinochet bring to Chile?

The best sort. And they still have the strongest economy in South America.

Maybe you haven't noticed how often "free markets" require killing and enslavement?

You just have to kill enough Commies to keep your market free.

 

[georgephillip]

In other words, decisions aren't made democratically. The workers are still working for someone else. That person is likely to be far more oppressive than a manager in a private economy.

Dead wrong as usual:

Socialism - Wikipedia

"One such system is the cooperative economy, a largely free market economy in which workers manage the firms and democratically determine remuneration levels and labour divisions.

"Productive resources would be legally owned by the cooperative and rented to the workers, who would enjoy usufruct rights.[350]

"Another form of decentralised planning is the use of cybernetics, or the use of computers to manage the allocation of economic inputs.

"The socialist-run government of Salvador Allende in Chile experimented with Project Cybersyn, a real-time information bridge between the government, state enterprises and consumers.[351]

"Another, more recent variant is participatory economics, wherein the economy is planned by decentralised councils of workers and consumers."

 

[georgephillip]

I get it.Like F.D.R.'s Overuse of his WPA. Works Progress Administration.
Which was used as example in Obama's Very first Spending bill.
Within weeks of taking office.His American Recovery and Reinvestment act of 2009
launched in febuary of that year.Somewhere in the neighborhood of $ 862 Billion.
It grew in weeks from $ 787 Billion

Worker self-management applies more to private sector jobs like the 1100 jobs at the Carrier plant in Indianapolis that Trump "saved" from outsourcing during the early days of his presidency.

A politician committed to worker self-management would have used the power of eminent domain to acquire the plant and then sell it to the workers.

Where would the workers get the money?

https://www.washingtonpost.com/business/2020/10/26/trump-carrier-manufacturing-jobs/

 

[georgephillip]

No he didn't.

Fix it?
You're right.
He made it much worse.

 

[georgephillip]

And?

Dividend payouts,
Stock buybacks.
And decisions made by a small number of board members all work to syphon wealth upwards from productive member of society to speculators and parasites getting richer from unearned income.

 

[georgephillip]

Why do you feel interest and stock price gains take money out of the economy?

Is it because you're a marxist moron?

Hardly Rich-Bitch.

When debt grows faster than the productive economy it means more and more income and GDP needs to be paid to finance.

Debts that can't be paid means transferring property to creditors. reducing consumer spending and home ownership rates, and sinking the economy into austerity in which only rich parasites (like you) profit.

Debt and Power | Michael Hudson

"At 5 percent interest, a debt doubles every 15 years.

"If you can imagine since the whole debt take-off in 1945, the first 15 years gets you to 1960.

"Then, the debt doubles again by 1975, and doubles again by 1990, then again by 2005, and then today – 64 times the relatively small debt owed back in 1945, some 75 years ago.

"And the creation of yet new credit (peoples’ debt to the banks and to wealthy savers) has grown at a similar rate even without new lending taking place, so the debt overhead actually has grown much, much more than that 5% a year.

"It’s grown more like 15% per year.

"That is much faster than national income or GDP.

"This disparity in expansion paths means that more and more income and GDP needs to be paid each year, So, to answer your question, too much debt is when it can’t be paid – that is, can’t be paid without transferring property to creditors, reducing consumer spending and home ownership rates, and plunging the economy into austerity in which only the wealthy financial class is affluent."

 

[georgephillip]

The assholes are the welfare queens, Illegals and retarded Libtards that want the the US to be a Socialist shithole.

The assholes are the billionaire crony-capitalists like Trump who lie about why wealth and income inequality has exploded in the US over the last forty years.

Eight graphs that tell the story of U.S. economic inequality - Equitable Growth

 

[georgephillip]

Ahhh... lying again. The usual dodging and equivocation. Do you EVER stand behind your claims?

I claimed the vast majority of individuals working in a capitalist system are required to leave the decision making to someone else; do you disagree?

I never claimed workers in a capitalist system were serfs or slaves; you did.

I said workers are required to leave decision making to others just as serfs and slaves were required to serve their lords and masters.

Not unlike you

The Koch Brothers’ Latin America “libertarian” roadshow

 

[georgephillip]

Free shit!!!!!

Free or government subsidized education and medical care lower the costs of living and doing business; why would Ayn Rand object to that?

FACT CHECK: Did Ayn Rand Receive Social Security Benefits?