Capitalism is NOT Democratic: Democracy is NOT Capitalist

[Toddsterpatriot]

'Private equity stole our pensions'

"Can workers in 21st-century Britain have their pensions stolen from under their noses?

"This is exactly what the GMB union says has happened to hundreds of thousands of employees of companies that collapsed after being bought by private equity firms.

"Employees who contributed for decades to pension schemes now find themselves in poverty after leveraged-buyout firms walked away from pension liabilities amounting to at least £2bn, according to figures from the union last week."

"Can workers in 21st-century Britain have their pensions stolen from under their noses?

"This is exactly what the GMB union says has happened to hundreds of thousands of employees of companies that collapsed after being bought by private equity firms.

What about pensions at firms that collapsed that weren't bought by private equity firms?

 

[georgephillip]

The term "libertarian socialism" is an oxymoron. You aren't free when government controls your livelihood.

So, those serving in the armed forces aren't free?

 

[bripat9643]

How many innocent human beings have died from the pollution of Koch industries?

2 maybe 3?

Probably none. Some have died in industrial accidents.

 

[bripat9643]

So, those serving in the armed forces aren't free?

Nope, not at all.

 

[bripat9643]

'Private equity stole our pensions'

"Can workers in 21st-century Britain have their pensions stolen from under their noses?

"This is exactly what the GMB union says has happened to hundreds of thousands of employees of companies that collapsed after being bought by private equity firms.

"Employees who contributed for decades to pension schemes now find themselves in poverty after leveraged-buyout firms walked away from pension liabilities amounting to at least £2bn, according to figures from the union last week."

What you mean is that the firms went bankrupt and therefore couldn't pay their pensions. That's why U.S. firms went to 401Ks

 

[dblack]

What exactly is a "private tyranny", george?

 

[georgephillip]

Enron didn't do anything wrong. All the charges were thrown out by higher courts.

Hardly.

• "Enron’s leadership fooled regulators with fake holdings and off-the-books accounting practices.
• Enron used special purpose vehicles (SPVs), or special purpose entities (SPEs), to hide its mountains of debt and toxic assets from investors and creditors.2
• The price of Enron’s shares went from $90.75 at its peak to $0.26 at bankruptcy.1
• The company paid its creditors more than $21.7 billion from 2004 to 2011."

Enron Scandal: The Fall of a Wall Street Darling

All capitalism IS fraud.

 

[georgephillip]

Enron murdered tens of millions fewer Russians than the Soviet Union.

Exactly how many Russians were murdered by the USSR?
How does that number compare to your hero Hitler or his recent American capitalist descendants?

The Harvard Boys Do Russia

 

[Toddsterpatriot]

Exactly how many Russians were murdered by the USSR?
How does that number compare to your hero Hitler or his recent American capitalist descendants?

The Harvard Boys Do Russia

Exactly how many Russians were murdered by the USSR?

About 60 million.

 

[basquebromance]

you know what it takes to be economically successful? pick out 2 good parents and be born in America!

 

[dblack]

you know what it takes to be economically successful? pick out 2 good parents and be born in America!

Hey! How's the trollin'?

 

[basquebromance]

 

[basquebromance]

Hey! How's the trollin'?

goin' great! what about you?

 

[bripat9643]

Hardly.

• "Enron’s leadership fooled regulators with fake holdings and off-the-books accounting practices.
• Enron used special purpose vehicles (SPVs), or special purpose entities (SPEs), to hide its mountains of debt and toxic assets from investors and creditors.2
• The price of Enron’s shares went from $90.75 at its peak to $0.26 at bankruptcy.1
• The company paid its creditors more than $21.7 billion from 2004 to 2011."

Enron Scandal: The Fall of a Wall Street Darling

All capitalism IS fraud.

All these charges were thrown out after they were appealed to a higher court.

 

[Flash]

 

[georgephillip]

What state powers does a corporation wield?

The power to prosecute when government refuses.

 

[georgephillip]

Economic power is radically different than political power. I don't suppose you'll ever acknowledge that. And as long as you refuse to do that, I'll be unable to take you seriously.

Economic power controls political power in this country.

"Former Vice President Joe Biden assured rich donors at a ritzy New York fundraiser that 'nothing would fundamentally change' if he is elected.

"Biden told donors at an event at the Carlyle Hotel in Manhattan on Tuesday evening that he would not 'demonize' the rich and promised that 'no one’s standard of living will change, nothing would fundamentally change,' Bloomberg News reported."

Biden to rich donors: "Nothing will fundamentally change"

 

[georgephillip]

Why should Standard Oil pay anything to Russian dictators?

Because Standard Oil helped Hitler murder millions of Russians.

 

[georgephillip]

ll democracies are designed to fail.

 

[Toddsterpatriot]

The power to prosecute when government refuses.

Nah.