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A law passed by government to control economics failed. This is what your post demonstrates. It does not demonstrate a failure of capitalism.Even after precipitating the biggest economic downturn since the Great Depression, finance capitalism is just as corrupt as it has ever been:
View attachment 524269
"On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) became the law of the United States.
"Its promise to Americans was that it would reform the corrupt practices on Wall Street that had led to the worst financial collapse in 2008 since the Great Depression and the largest taxpayer bailout of Wall Street in history.
But here we are, 11 years later, with every one of those corrupt practices in full display at the Wall Street mega banks today.
"Losses from wild derivative bets check.
"Trading for the house (proprietary trading), check.
"Secret bailouts from the Fed, check.
"Credit Default swaps, check.
"The continuance of the private justice system on Wall Street, check.
"Banks paying rating agencies for ratings, check.
"Banks giving insanely leveraged loans to hedge funds, check...."
More than a Decade after the Volcker Rule Purported to Outlaw It, JPMorgan Chase Still Owns a Hedge Fund
"The Dodd-Frank Act was passed with President Obama, a Democrat, in the White House and Democrats in control of both the House and Senate. President Biden, a Democrat, now occupies the Oval Office.
"Democrats are once again in control of the House and Senate.
"Yes, there is much on their plate in the middle of a pandemic.
"But there will be a lot worse on their plate if there is another financial panic on Wall Street. It’s long past the time to clean up this toxic mess that threatens the financial stability of the United States and, thus, the national security of the nation"
Even after precipitating the biggest economic downturn since the Great Depression, finance capitalism is just as corrupt as it has ever been:
View attachment 524269
"On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) became the law of the United States.
"Its promise to Americans was that it would reform the corrupt practices on Wall Street that had led to the worst financial collapse in 2008 since the Great Depression and the largest taxpayer bailout of Wall Street in history.
But here we are, 11 years later, with every one of those corrupt practices in full display at the Wall Street mega banks today.
"Losses from wild derivative bets check.
"Trading for the house (proprietary trading), check.
"Secret bailouts from the Fed, check.
"Credit Default swaps, check.
"The continuance of the private justice system on Wall Street, check.
"Banks paying rating agencies for ratings, check.
"Banks giving insanely leveraged loans to hedge funds, check...."
More than a Decade after the Volcker Rule Purported to Outlaw It, JPMorgan Chase Still Owns a Hedge Fund
"The Dodd-Frank Act was passed with President Obama, a Democrat, in the White House and Democrats in control of both the House and Senate. President Biden, a Democrat, now occupies the Oval Office.
"Democrats are once again in control of the House and Senate.
"Yes, there is much on their plate in the middle of a pandemic.
"But there will be a lot worse on their plate if there is another financial panic on Wall Street. It’s long past the time to clean up this toxic mess that threatens the financial stability of the United States and, thus, the national security of the nation"
In the old days......now it kills critical thinking.
Regards Capitalism I still struggle to get my head around this leftist brain fart that wealth and money-making is evil.
Under capitalism parasites are celebrated.Under communism workers are forced to donate their labor or starve. Sometimes and starve.
Under capitalism parasites are celebrated.
Under socialism....people can't get TP to whip their butts.Under capitalism parasites are celebrated.
foreignpolicy.com
Freedom is best advanced through one person one vote.Yep. They also have different domains. In the US we use democracy for government, but freedom for markets. That's by design. Economic power and state power should remain separate.
Freedom is best advanced through one person one vote.
Capitalism prefers one dollar one vote.
In the US "free" markets are those free of government regulation. Traditionally markets free from the legacy of feudalism, a landlord class, predatory banking, and monopolies that bondholders convinced government to create as a means of paying off national war debts qualify as free markets.
CORPORATE SOCIAL RESPONSIBILITY AND SOCIAL REPORTING GROUP 4
How do you transmit, test, and expand knowledge without free speech?No sir. Our universities and colleges today are ideological indoctrination centers. Free speech and thought is dead on their campuses…That’s a fact.
That’s a joke right?How do you transmit, test, and expand knowledge without free speech?
On Freedom of Expression and Campus Speech Codes | AAUP
"Freedom of thought and expression is essential to any institution of higher learning. Universities and colleges exist not only to transmit knowledge.
"Equally, they interpret, explore, and expand that knowledge by testing the old and proposing the new.
"This mission guides learning outside the classroom quite as much as in class, and often inspires vigorous debate on those social, economic, and political issues that arouse the strongest passions.
"In the process, views will be expressed that may seem to many wrong, distasteful, or offensive. Such is the nature of freedom to sift and winnow ideas."
So you don’t like effigies?
Why not use government to outlaw lobbyists?So let's give government more power to control the economy. The corporate lobbyists will really dig that!
Well, you said government is controlled by corporations, so how's that gonna work?Why not use government to outlaw lobbyists?
Yeah? How so?Freedom is best advanced through one person one vote.
Yep. That's the way a free market works. Good observation.Capitalism prefers one dollar one vote.
I don't ever read your meme nonsense. I've seen more than enough "multimedia" communist propaganda.
How many guns do you control?How will you convince me to give up my money "for the greater" good? You'll need a weapon.
"Life will be even easier when Libertarians admit private tyrannies are an even greater threat to individual liberties than government.Life will be so much easier when government controls every-fucking-thing
Life will be even easier when Libertarians admit private tyrannies are an even greater threat to individual liberties than government.
Society will either be controlled by corporations or by democratically elected representatives.
The only realistic non-violent alternative to our current corporately controlled government is to elect representatives who serve individual liberties instead of corporate profits.
