Toddsterpatriot
Diamond Member
- May 3, 2011
- 102,210
- 36,237
Capitalism divides society into two unequal cohorts: owners and employees.
Intelligence divides society into two unequal cohorts: smart people and morons.
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Capitalism divides society into two unequal cohorts: owners and employees.
I'd rater be "exploited" by capitalism than have a share of the communal meal.Human labor made America.
Capitalism exploits labor by privatizing profit and socializing cost.
if you have no money you arent free to do much of anything...like eat give me the cash and you can keep your communismhttps://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.
"Capitalism is not democratic, democracy not capitalist.
"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.
"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."
Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.
This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.
The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.
Markets that adjust themselves to debt claims growing exponentially beyond an economy's ability to pay.
Financial bubbles in multiple asset classes.
Making real estate speculation and junk-bond takeovers exempt from income taxation.
MAGA!
Your Socialist Utopia does that on steroids......the Political Elite, and the starving peasants.Capitalism divides society into two unequal cohorts: owners and employees.
Those who own the means of production determine what to produce, where to produce it, and how to distribute profits. Their stock market functions on the basis of one dollar one vote. Democracy operates on the version of one person one vote. Capitalism can function with authoritarian or representative government while democracy can not.
Here's your "greatness", CrackerBy kicking your dumb-fuck monarch the hell out of here and letting us govern ourselves. Greatest day in the history of the world.
If that is true, which cohort to you think you and bripat9643 belong to?Intelligence divides society into two unequal cohorts: smart people and morons.
Here's your "greatness", Cracker
"We should understand that July 4th, 1776, in many ways, represents a counterrevolution.
"That is to say that what helped to prompt July 4th, 1776, was the perception amongst European settlers on the North American mainland that London was moving rapidly towards abolition.
"This perception was prompted by Somerset’s case, a case decided in London in June 1772 which seemed to suggest that abolition, which not only was going to be ratified in London itself, was going to cross the Atlantic and basically sweep through the mainland, thereby jeopardizing numerous fortunes, not only based upon slavery, but the slave trade.
"That’s the short answer."
The Counter-Revolution of 1776: Origins of the United States of America | Zinn Education Project
I’m glad to see somebody besides me reads Wolfstreet.com . It is one of the best places to educate oneself about our mad contemporary capitalism, written by a guy who really understands how the Federal Reserve system works.Do you really believe someone working multiple jobs to keep a roof over their family's head and has to purchase that refrigerator or pay for car repairs by putting the charges on their credit card has the capacity to save for inevitable "unexpected" expenses?
The State of the American Debt Slaves, Q1 2020: How Are Consumers Positioned Going into the Crisis?
The richest ten percent of Americans are strangling the majority of Americans with eternal debt.
On the other hand, I do NOT agree with argument that the U.S. Revolution was “a counterrevolution” inspired to any significant degree by a fear that Britain would abolish slavery. This was an argument presented by the “1619 Project” as well, and refuted by numerous excellent historians of various political persuasions, including real socialists.Here's your "greatness", Cracker
"We should understand that July 4th, 1776, in many ways, represents a counterrevolution.
"That is to say that what helped to prompt July 4th, 1776, was the perception amongst European settlers on the North American mainland that London was moving rapidly towards abolition.
"This perception was prompted by Somerset’s case, a case decided in London in June 1772 which seemed to suggest that abolition, which not only was going to be ratified in London itself, was going to cross the Atlantic and basically sweep through the mainland, thereby jeopardizing numerous fortunes, not only based upon slavery, but the slave trade.
"That’s the short answer."
The Counter-Revolution of 1776: Origins of the United States of America | Zinn Education Project
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.
"Capitalism is not democratic, democracy not capitalist.
"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.
"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."
Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.
This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.
The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.
Finance capitalism is transforming US democracy into an oligarchy, something neither Trump nor Biden has any problem with.
Capitalism is NOT Democratic: Democracy is NOT Capitalist
And Communism is not succesful.
I’m glad to see somebody besides me reads Wolfstreet.com . It is one of the best places to educate oneself about our mad contemporary capitalism, written by a guy who really understands how the Federal Reserve system works.
I also have a problem with finance capitalism turning the US into an oligarchy, but I see Trump as a corrupt crony-capitalist who found a way to cut out the venal politicians like Biden. They and their families both serve oligarchy.
Human labor made America.
Capitalism exploits labor by privatizing profit and socializing cost.
If that is true, which cohort to you think you and bripat9643 belong to?
"infecting the nation with new covid variants from the southern border."Today the USA is neither capitalist or Democratic.....
The surge in cases is from not wearing masks and not vaccinating.
The US isn't a Democracy, Dumbass.