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The Great Recession started as a big Ponzi scheme.It was caused by the government, turd. Government forced banks to give mortgages to people who couldn't pay them.
The facts are indisputable.
When have private fortunes existed without war and debt?You mean we never had wars before capitalism? . . . . . . . . . . . . . . . .
. . . . . . . .er, wait. No, that's not right.
The Great Recession started as a big Ponzi scheme.
"Liar loans" were illegal frauds and the triple-A rating bestowed on those illegal frauds by private for-profit ratings corporations was part of a criminal cover-up.
The role government played in enabling those private, for-profit frauds was done at the behest of private corporations and Wall Street parasites you so slavishly parrot.
When has government existed without war and debt?When have private fortunes existed without war and debt?
Trump is an oligarch; he's the corrupt crony-capitalist who found a way to cut-out venal middlemen like Clinton, Bush, and Biden. His administration was the most corrupt in recent US History.President Trump was like a flashlight, he exposed our supposed “democracy” and showed everyone it’s an oligarch and Washington Establishment that runs everything
“Capitalism, Marx said, never went beyond those economic models where a few dominate a majority. Capitalism just replaced the dichotomies of master/slave and lord/serf with a new one. A dominating and exploiting minority was still there, but it had a new name: employers.”Wasn't capitalism supposed to be replaced by now?
What happened to the workers of the world uniting and losing their chains?
The Divine Right of Capital by Marjorie KellyThe government would do much better if it owned all the shares.
Just look how well that worked in the Soviet Union.
That's a flat-out lie, of course. Trump is 100 times cleaner than any Democrat politician we've had in the last 100 years.Trump is an oligarch; he's the corrupt crony-capitalist who found a way to cut-out venal middlemen like Clinton, Bush, and Biden. His administration was the most corrupt in recent US History.
President Trump’s legacy of corruption, four years and 3,700 conflicts of interest later - CREW | Citizens for Responsibility and Ethics in Washington
"Here’s what you need to know:
"As president, Donald Trump has flouted all kinds of norms, starting with his decision not to divest from his business interests while in office.
"That set the stage for an administration marked by self-interest, profiteering at the highest levels and more than 3,700 conflicts of interest."
"The department typically refers findings to the state attorney general’s office.rump and his siblings inherited $35 million each. You obviously believe that parents shouldn't be able to decide who gets their money when they die. What a fucking Stalinist.
History of capitalism - WikipediaCapitalism has only been around for about 200 years, so how can that be true?
The Times says they were worth?""The department typically refers findings to the state attorney general’s office.
"The Times says the Trump family hid millions of dollars of transfers from the father to his children through a sham company owned by the children called All County Building Supply & Maintenance.
"Set up in 1992 ostensibly as a purchasing agent to supply Fred Trump’s buildings with boilers, cleaning supplies and other goods, the father would pad invoices with markups of 20 percent or even 50 percent, thereby avoiding gift taxes, the newspaper reports.
"The Times says that before Fred Trump died in the late 1990s, he transferred ownership of most of his real estate empire to his four living children.
The value of the properties in tax returns summed up to $41.4 million, vastly less than the Times says they were worth.."
Donald Trump received more than $400M from father through dubious tax dodges: NYT - National | Globalnews.ca
“Capitalism, Marx said, never went beyond those economic models where a few dominate a majority. Capitalism just replaced the dichotomies of master/slave and lord/serf with a new one. A dominating and exploiting minority was still there, but it had a new name: employers.”
― "Richard D. Wolff, Understanding Marxism"
NOVEMBER 5, 2021
Capitalism is Dying, But Don’t Expect the Patient to Accept the Diagnosis
“Capitalism, Marx said, never went beyond those economic models where a few dominate a majority. Capitalism just replaced the dichotomies of master/slave and lord/serf with a new one. A dominating and exploiting minority was still there, but it had a new name: employers.”
― "Richard D. Wolff, Understanding Marxism"
NOVEMBER 5, 2021
Capitalism is Dying, But Don’t Expect the Patient to Accept the Diagnosis
The Divine Right of Capital by Marjorie Kelly
"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)
"...this formula could just as easily be re-written as:
Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)"
Socialists simply can't comprehend the importance of efficient resource allocation. I saw a great presentation, some 25 years ago, from a former high ranking Soviet economic planner. He understood this principle very well - because, for years, it was his job to make the decisions that investors make in a free market: ie deciding which projects should be funded and how much funding they should get. There was simply no way a centralized authority could make these decisions in a way that actually satisfied consumers. Thus the USSR became infamous for people waiting in line for products and services that the government didn't sufficiently fund and warehouses full of shit no one wanted.
Socialist have a much BETTER handle on resource allocation than capitalists ever could.
"The New Yorker is a left-wing propaganda rag. It's about as left as you can get.
When did the NAZIs ever adopt the free market?
Second is that the socialist can do what is necessary to create not only the needed products,
www.baltimoresun.com
Obviously.
Just look at the success of Venezuela.
Or East Germany.
The USSR is going gangbusters, of course.
Capitalists are automatically extremely inefficient because their goal is to put every other producer out of business,
