Who's Afraid of Socialism?

[dblack]

Who would control production in your system?

No one.

Production doesn't need to be controlled.

If production is uncontrolled, who owns the means of production?

We the people.

 

[georgephillip]

Who would control production in your system?

No one.

Production doesn't need to be controlled.

If production is uncontrolled, who owns the means of production?

We the people.

ALL the people???

Counting the US population - Views of the World

I suppose that might be an improvement over our current centrally planned economy:

Group of Thirty - Wikipedia

"The Group of Thirty, often abbreviated to G30, is an international body of leading financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sectors related to these issues.

"Topical areas within the interest of the group include: the foreign exchange market, international capital markets, international financial institutions, central banks and their supervision of financial services and markets, and macroeconomic issues such as product and labor markets."

 

[georgephillip]

"'The biggest mistake that libertarians make is the way they view government and private sectors. Government is the root of all evil, and the private sector is the source of all good. Libertarians have never figured out that people are the same whether in the government or in the private sector.' --Paul Craig Roberts"

The biggest mistake Paul Craig Roberts makes (at least in this quote), is assuming that anyone who self identifies as a libertarian is a valid representation of the actual ideology. Libertarians don't think that government is always bad and the private sector is always good. But they don't buy the reverse either.

And libertarians are all too aware that people are the same whether working for government or for private interests. That's why we think giving them too much power is a very bad idea.

How would Libertarians end limited liability without using government?

I'm not sure what you mean by 'without using government'. Limited liability is a perk, granted by government - a special privilege ordinary business or citizens don't get. To end it, we simply stop doing it. Treat corporations like anyone else, like any other business.

Limited liability - Wikipedia

"In the United States, decentralized corporate law and competition between states for corporate charters and investment led to widespread adoption of freely available limited liability beginning in the 1800s and culminating in the early 1900s.

"However, limited liability has been curtailed in specific contexts such as environmental liabilities or (in some states) employees unpaid back-wages.[1]"

Limited financial liability isn't as big a problem as limited criminal liability, imho.

"When Eisinger’s book, The Chickenshit Club, was published the following year, it included excerpts of numerous documents on the Abacus case, including this memo from Kidney which argued that the SEC should have considered charging Paulson & Co., John Paulson, as an individual, and others for the Abacus fraud:

“Each of them knowingly participated, as did Goldman and Tourre, in a scheme to sell a product which, in blunt but accurate terms, was designed to fail.

"An important part of the scheme was, of course, not to inform investors the product was designed to fail and, further, to lull them into confidence about the offering by promoting the participation of a supposed independent entity to select the underlying assets which dictated the performance of the offering.

"This was intentionally done to disguise the participation and veto authority of Paulson & Co. in selecting the assets.

"In other words, the current and possibly additional evidence suggests they should be sued for securities fraud because they are liable for securities fraud.”

"But it wasn’t just the SEC that failed to bring higher ups on Wall Street to court. The SEC has only civil powers. It takes the U.S. Department of Justice to bring Federal criminal cases against Wall Street which can put people in jail."

Former SEC Attorney James Kidney Is Captured Regulators' Worst Nightmare

 

[georgephillip]

What "current economic crisis"? The DOW is around 24000 and the GDP is around 4.1% while unemployment is at a historic low. One symptom that seems to be common in idiotic socialists is living in the past and hoping for bad news.

Why is consumer debt continuing to rise?

10 Years Later: How Has America's Consumer Debt Changed Since the Financial Crisis? -- The Motley Fool

Why is consumer debt continuing to rise?

Because we have more consumers making more money in a larger economy.

A majority of consumers making more money would be paying down their historic levels of debt not adding to them.

Who gets rich from that?

https://deanbaker.net/images/stories/documents/Rigged.pdf (P. 53)

"4) The financial industry is able to take advantage of consumers through complex and deceptive contracts. At one time many debit card issuers charged large overdraft fees without telling customers they faced these charges.

"Though this practice has since been banned by the Federal Reserve Board (customers must now opt for overdraft coverage, knowing the fees they face), there are many other areas where the industry imposes terms that most consumers would likely not agree to if they understood them.

"5) Tax shelters have long been a mechanism for corporations and wealthy individuals to escape tax liability. But often overlooked is the tax shelter industry itself, where the individuals and corporations that engineer the tax shelters receive large rents.

"This is a major source of profits for the private equity industry, which has great expertise in gaming the tax code.

"Before getting into more detail on these sources of rent and possible remedies, it is worth pointing out that many of the people who have gotten extremely rich in the last four decades have been in the financial sector.

"If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."

"If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."

If you don't like the financial sector, feel free not to use their services.
Unlike under Communism, you're free to choose, eh comrade?

If you don't like fraud...

Don't use capitalism, right Rockefeller?

Former SEC Attorney James Kidney Is Captured Regulators' Worst Nightmare

"When Eisinger’s book, The Chickenshit Club, was published the following year, it included excerpts of numerous documents on the Abacus case, including this memo from Kidney which argued that the SEC should have considered charging Paulson & Co., John Paulson, as an individual, and others for the Abacus fraud:

"'Each of them knowingly participated, as did Goldman and Tourre, in a scheme to sell a product which, in blunt but accurate terms, was designed to fail. An important part of the scheme was, of course, not to inform investors the product was designed to fail and, further, to lull them into confidence about the offering by promoting the participation of a supposed independent entity to select the underlying assets which dictated the performance of the offering.'

"'This was intentionally done to disguise the participation and veto authority of Paulson & Co. in selecting the assets. In other words, the current and possibly additional evidence suggests they should be sued for securities fraud because they are liable for securities fraud.'"

 

[georgephillip]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Who's Afraid of Socialism?
That's a good question for everyone fleeing socialism.

Most of today's refugees are fleeing capitalism.

"The world is witnessing the highest levels of displacement on record.

"An unprecedented 65.6 million people around the world have been forced from home by conflict and persecution at the end of 2016.

"Among them are nearly 22.5 million refugees, over half of whom are under the age of 18.

"There are also 10 million stateless people, who have been denied a nationality and access to basic rights such as education, healthcare, employment and freedom of movement."

Refugees | United Nations

Most of today's refugees are fleeing capitalism.

Those 3 examples are Muslim shitholes.

You mean these 3 "Muslim shitholes"?

"Millions of Syrians displaced
The conflict in Syria, now in its seventh year, was the world’s biggest producer of refugees (5.5 million). Humanitarian needs in Syria have increased significantly since the beginning of the crisis, with 13.5 million people in need of humanitarian assistance, including more than 6 million children. Over 400,000 people have been killed and more than 1 million injured since 2010."
Refugees | United Nations

How much money are heroic American capitalists "earning" from creating "Muslim shitholes" on the opposite side of the planet from Wall Street?

 

[francoHFW]

What do you call socialism? LOL
"We are all socialists now!" -Finland prime minister when ObamaCare passed.

He was talkin about communism, super duper.

Actually socialism is worse than communism, because fools dumbass progressives into thinking it’s a good thing

Communism would be free, if we were moral enough for free to obey Ten simple Commandments from a God to avoid the Expense of Government.

Never trust the collective

Socialism is still not a collective or communism, super duper. The world outside your GOP bubble of BS has moved on... Just always Democratic fair capitalism with a good safety net. Just doing good for the huge majority of people and taxing the rich their fair share, not this giveaway to the rich GOP garbage...

 

[georgephillip]

What "current economic crisis"? The DOW is around 24000 and the GDP is around 4.1% while unemployment is at a historic low. One symptom that seems to be common in idiotic socialists is living in the past and hoping for bad news.

Why is consumer debt continuing to rise?

10 Years Later: How Has America's Consumer Debt Changed Since the Financial Crisis? -- The Motley Fool

Why is consumer debt continuing to rise?

Because we have more consumers making more money in a larger economy.

A majority of consumers making more money would be paying down their historic levels of debt not adding to them.

Who gets rich from that?

https://deanbaker.net/images/stories/documents/Rigged.pdf (P. 53)

"4) The financial industry is able to take advantage of consumers through complex and deceptive contracts. At one time many debit card issuers charged large overdraft fees without telling customers they faced these charges.

"Though this practice has since been banned by the Federal Reserve Board (customers must now opt for overdraft coverage, knowing the fees they face), there are many other areas where the industry imposes terms that most consumers would likely not agree to if they understood them.

"5) Tax shelters have long been a mechanism for corporations and wealthy individuals to escape tax liability. But often overlooked is the tax shelter industry itself, where the individuals and corporations that engineer the tax shelters receive large rents.

"This is a major source of profits for the private equity industry, which has great expertise in gaming the tax code.

"Before getting into more detail on these sources of rent and possible remedies, it is worth pointing out that many of the people who have gotten extremely rich in the last four decades have been in the financial sector.

"If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."

A majority of consumers making more money would be paying down their historic levels of debt not adding to them.

Why?

Who is Dean Baker? Is he another Commie you admire?

"Rigged:
How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer
By Dean Baker

"There has been an enormous upward redistribution of income in the United States in the last four decades. In his most recent book, Baker shows that this upward redistribution was not the result of globalization and the natural workings of the market.

"Rather it was the result of conscious policies that were designed to put downward pressure on the wages of ordinary workers while protecting and enhancing the incomes of those at the top.

"Baker explains how rules on trade, patents, copyrights, corporate governance, and macroeconomic policy were rigged to make income flow upward."

Dean Baker: Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer

 

[francoHFW]

What "current economic crisis"? The DOW is around 24000 and the GDP is around 4.1% while unemployment is at a historic low. One symptom that seems to be common in idiotic socialists is living in the past and hoping for bad news.

Why is consumer debt continuing to rise?

10 Years Later: How Has America's Consumer Debt Changed Since the Financial Crisis? -- The Motley Fool

Why is consumer debt continuing to rise?

Because we have more consumers making more money in a larger economy.

A majority of consumers making more money would be paying down their historic levels of debt not adding to them.

Who gets rich from that?

https://deanbaker.net/images/stories/documents/Rigged.pdf (P. 53)

"4) The financial industry is able to take advantage of consumers through complex and deceptive contracts. At one time many debit card issuers charged large overdraft fees without telling customers they faced these charges.

"Though this practice has since been banned by the Federal Reserve Board (customers must now opt for overdraft coverage, knowing the fees they face), there are many other areas where the industry imposes terms that most consumers would likely not agree to if they understood them.

"5) Tax shelters have long been a mechanism for corporations and wealthy individuals to escape tax liability. But often overlooked is the tax shelter industry itself, where the individuals and corporations that engineer the tax shelters receive large rents.

"This is a major source of profits for the private equity industry, which has great expertise in gaming the tax code.

"Before getting into more detail on these sources of rent and possible remedies, it is worth pointing out that many of the people who have gotten extremely rich in the last four decades have been in the financial sector.

"If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."

"If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."

If you don't like the financial sector, feel free not to use their services.
Unlike under Communism, you're free to choose, eh comrade?

If you don't like fraud...

Don't use capitalism, right Rockefeller?

Former SEC Attorney James Kidney Is Captured Regulators' Worst Nightmare

"When Eisinger’s book, The Chickenshit Club, was published the following year, it included excerpts of numerous documents on the Abacus case, including this memo from Kidney which argued that the SEC should have considered charging Paulson & Co., John Paulson, as an individual, and others for the Abacus fraud:

"'Each of them knowingly participated, as did Goldman and Tourre, in a scheme to sell a product which, in blunt but accurate terms, was designed to fail. An important part of the scheme was, of course, not to inform investors the product was designed to fail and, further, to lull them into confidence about the offering by promoting the participation of a supposed independent entity to select the underlying assets which dictated the performance of the offering.'

"'This was intentionally done to disguise the participation and veto authority of Paulson & Co. in selecting the assets. In other words, the current and possibly additional evidence suggests they should be sued for securities fraud because they are liable for securities fraud.'"

A corrupt bubble and bust and corrupt regulators happens every time the GOP has eight years to f*** everything up.

 

[Toddsterpatriot]

What "current economic crisis"? The DOW is around 24000 and the GDP is around 4.1% while unemployment is at a historic low. One symptom that seems to be common in idiotic socialists is living in the past and hoping for bad news.

Why is consumer debt continuing to rise?

10 Years Later: How Has America's Consumer Debt Changed Since the Financial Crisis? -- The Motley Fool

Why is consumer debt continuing to rise?

Because we have more consumers making more money in a larger economy.

A majority of consumers making more money would be paying down their historic levels of debt not adding to them.

Who gets rich from that?

https://deanbaker.net/images/stories/documents/Rigged.pdf (P. 53)

"4) The financial industry is able to take advantage of consumers through complex and deceptive contracts. At one time many debit card issuers charged large overdraft fees without telling customers they faced these charges.

"Though this practice has since been banned by the Federal Reserve Board (customers must now opt for overdraft coverage, knowing the fees they face), there are many other areas where the industry imposes terms that most consumers would likely not agree to if they understood them.

"5) Tax shelters have long been a mechanism for corporations and wealthy individuals to escape tax liability. But often overlooked is the tax shelter industry itself, where the individuals and corporations that engineer the tax shelters receive large rents.

"This is a major source of profits for the private equity industry, which has great expertise in gaming the tax code.

"Before getting into more detail on these sources of rent and possible remedies, it is worth pointing out that many of the people who have gotten extremely rich in the last four decades have been in the financial sector.

"If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."

"If their fortunes corresponded to great benefits they provided to the economy there would be little grounds for complaint, but for most of the very rich people in finance, this does not seem to be the case."

If you don't like the financial sector, feel free not to use their services.
Unlike under Communism, you're free to choose, eh comrade?

If you don't like fraud...

Don't use capitalism, right Rockefeller?

Former SEC Attorney James Kidney Is Captured Regulators' Worst Nightmare

"When Eisinger’s book, The Chickenshit Club, was published the following year, it included excerpts of numerous documents on the Abacus case, including this memo from Kidney which argued that the SEC should have considered charging Paulson & Co., John Paulson, as an individual, and others for the Abacus fraud:

"'Each of them knowingly participated, as did Goldman and Tourre, in a scheme to sell a product which, in blunt but accurate terms, was designed to fail. An important part of the scheme was, of course, not to inform investors the product was designed to fail and, further, to lull them into confidence about the offering by promoting the participation of a supposed independent entity to select the underlying assets which dictated the performance of the offering.'

"'This was intentionally done to disguise the participation and veto authority of Paulson & Co. in selecting the assets. In other words, the current and possibly additional evidence suggests they should be sued for securities fraud because they are liable for securities fraud.'"

If only ABN and IKB were huge banks full of professionals who knew how to analyze securities before they bought them, this never would have happened. DERP!

 

[Toddsterpatriot]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Who's Afraid of Socialism?
That's a good question for everyone fleeing socialism.

Most of today's refugees are fleeing capitalism.

"The world is witnessing the highest levels of displacement on record.

"An unprecedented 65.6 million people around the world have been forced from home by conflict and persecution at the end of 2016.

"Among them are nearly 22.5 million refugees, over half of whom are under the age of 18.

"There are also 10 million stateless people, who have been denied a nationality and access to basic rights such as education, healthcare, employment and freedom of movement."

Refugees | United Nations

Most of today's refugees are fleeing capitalism.

Those 3 examples are Muslim shitholes.

You mean these 3 "Muslim shitholes"?

"Millions of Syrians displaced
The conflict in Syria, now in its seventh year, was the world’s biggest producer of refugees (5.5 million). Humanitarian needs in Syria have increased significantly since the beginning of the crisis, with 13.5 million people in need of humanitarian assistance, including more than 6 million children. Over 400,000 people have been killed and more than 1 million injured since 2010."
Refugees | United Nations

How much money are heroic American capitalists "earning" from creating "Muslim shitholes" on the opposite side of the planet from Wall Street?

Yes, these 3 Muslim shitholes.

How much money are heroic American capitalists "earning" from creating "Muslim shitholes" on the opposite side of the planet from Wall Street?

You tell me.
In the mean time, keep these Muslims away from the civilized countries.

 

[georgephillip]

Why does the US government take the money from those who have the least?

Income Inequality - Inequality.org

Why does the US government take the money from those who have the least?

Because...….stop smoking that crap, I don't care if they made it legal.

• In 2015, the top 50 percent of all taxpayers paid 97.2 percent of all individual income taxes while the bottom 50 percent paid the remaining 2.8 percent.
• The top 1 percent paid a greater share of individual income taxes (39.0 percent) than the bottom 90 percent combined (29.4 percent).
• The top 1 percent of taxpayers paid a 27.1 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.6 percent).

Summary of the Latest Federal Income Tax Data, 2017 Update

"Income disparities have become so pronounced that America’s top 10 percent now average more than nine times as much income as the bottom 90 percent. Americans in the top 1 percent tower stunningly higher.

"They average over 40 times more income than the bottom 90 percent.

"But that gap pales in comparison to the divide between the nation’s top 0.1 percent and everyone else. Americans at this lofty level are taking in over 198 times the income of the bottom 90 percent."

Income Inequality - Inequality.org

Earners in the bottom 90% are more likely to be engaged in productive employment as opposed to rigging the foreign currency exchange, and total taxes eat up a much bigger portion of their take home pay than the 0.1% fat (felonious) cats.

Government should use progressive federal and state income taxes to ensure fat cats shoulder the same total tax burden as those whose middle class jobs were shipped to Mexico and China by the richest 0.1%

How much anybody makes or how little they make is none of your fucking business and certainly none of the federal government business

"'The biggest mistake that libertarians make is the way they view government and private sectors. Government is the root of all evil, and the private sector is the source of all good. Libertarians have never figured out that people are the same whether in the government or in the private sector.' --Paul Craig Roberts"

LF: 'American Sniper': Prominent Libertarian Claims There Is No Difference Between Chris Kyle and Mass Murderer Adam Lanza

The collective is always been all about evil and control

Corporations are collectives.
How do you control their evil without government>

14 Most Evil Corporations

 

[Conservative65]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Socialism is nothing more than worthless pieces of shit unwilling to do for themselves demanding the government force others to provide to them.

 

[dblack]

Who would control production in your system?

No one.

Production doesn't need to be controlled.

If production is uncontrolled, who owns the means of production?

We the people.

ALL the people???

Yep. And they should be allowed to divvy up that responsibility however they like, as long as it's voluntary.

 

[Rustic]

He was talkin about communism, super duper.

Actually socialism is worse than communism, because fools dumbass progressives into thinking it’s a good thing

Communism would be free, if we were moral enough for free to obey Ten simple Commandments from a God to avoid the Expense of Government.

Never trust the collective

Socialism is still not a collective or communism, super duper. The world outside your GOP bubble of BS has moved on... Just always Democratic fair capitalism with a good safety net. Just doing good for the huge majority of people and taxing the rich their fair share, not this giveaway to the rich GOP garbage...

Lol
Just like global warming progressive pussy whipped bitchs have to change the name

 

[Rustic]

Why does the US government take the money from those who have the least?

Because...….stop smoking that crap, I don't care if they made it legal.

• In 2015, the top 50 percent of all taxpayers paid 97.2 percent of all individual income taxes while the bottom 50 percent paid the remaining 2.8 percent.
• The top 1 percent paid a greater share of individual income taxes (39.0 percent) than the bottom 90 percent combined (29.4 percent).
• The top 1 percent of taxpayers paid a 27.1 percent individual income tax rate, which is more than seven times higher than taxpayers in the bottom 50 percent (3.6 percent).

Summary of the Latest Federal Income Tax Data, 2017 Update

"Income disparities have become so pronounced that America’s top 10 percent now average more than nine times as much income as the bottom 90 percent. Americans in the top 1 percent tower stunningly higher.

"They average over 40 times more income than the bottom 90 percent.

"But that gap pales in comparison to the divide between the nation’s top 0.1 percent and everyone else. Americans at this lofty level are taking in over 198 times the income of the bottom 90 percent."

Income Inequality - Inequality.org

Earners in the bottom 90% are more likely to be engaged in productive employment as opposed to rigging the foreign currency exchange, and total taxes eat up a much bigger portion of their take home pay than the 0.1% fat (felonious) cats.

Government should use progressive federal and state income taxes to ensure fat cats shoulder the same total tax burden as those whose middle class jobs were shipped to Mexico and China by the richest 0.1%

How much anybody makes or how little they make is none of your fucking business and certainly none of the federal government business

"'The biggest mistake that libertarians make is the way they view government and private sectors. Government is the root of all evil, and the private sector is the source of all good. Libertarians have never figured out that people are the same whether in the government or in the private sector.' --Paul Craig Roberts"

LF: 'American Sniper': Prominent Libertarian Claims There Is No Difference Between Chris Kyle and Mass Murderer Adam Lanza

The collective is always been all about evil and control

Corporations are collectives.
How do you control their evil without government>

14 Most Evil Corporations

Socialism is pure evil... fact

 

[georgephillip]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Who's Afraid of Socialism?
That's a good question for everyone fleeing socialism.

Most of today's refugees are fleeing capitalism.

"The world is witnessing the highest levels of displacement on record.

"An unprecedented 65.6 million people around the world have been forced from home by conflict and persecution at the end of 2016.

"Among them are nearly 22.5 million refugees, over half of whom are under the age of 18.

"There are also 10 million stateless people, who have been denied a nationality and access to basic rights such as education, healthcare, employment and freedom of movement."

Refugees | United Nations

Most of today's refugees are fleeing capitalism.

Those 3 examples are Muslim shitholes.

You mean these 3 "Muslim shitholes"?

"Millions of Syrians displaced
The conflict in Syria, now in its seventh year, was the world’s biggest producer of refugees (5.5 million). Humanitarian needs in Syria have increased significantly since the beginning of the crisis, with 13.5 million people in need of humanitarian assistance, including more than 6 million children. Over 400,000 people have been killed and more than 1 million injured since 2010."
Refugees | United Nations

How much money are heroic American capitalists "earning" from creating "Muslim shitholes" on the opposite side of the planet from Wall Street?

View attachment 240831

Yes, these 3 Muslim shitholes.

How much money are heroic American capitalists "earning" from creating "Muslim shitholes" on the opposite side of the planet from Wall Street?

You tell me.
In the mean time, keep these Muslims away from the civilized countries.

Pakalert Press » War Crimes in Iraq: Bush, Cheney, Rumsfeld Et Al and the Long Quest for Justice

 

[Papageorgio]

I am not afraid of socialism, however I don't think it works well in this world.

 

[dblack]

Limited liability - Wikipedia

"In the United States, decentralized ...

Is there a point? Or is this just your usual barrage of informative links and quotes?

 

[Rustic]

A free people have no need for socialism... fact

 

[francoHFW]

He was talkin about communism, super duper.

Actually socialism is worse than communism, because fools dumbass progressives into thinking it’s a good thing

Communism would be free, if we were moral enough for free to obey Ten simple Commandments from a God to avoid the Expense of Government.

Never trust the collective

Socialism is still not a collective or communism, super duper. The world outside your GOP bubble of BS has moved on... Just always Democratic fair capitalism with a good safety net. Just doing good for the huge majority of people and taxing the rich their fair share, not this giveaway to the rich GOP garbage...

Lol
Just like global warming progressive pussy whipped bitchs have to change the name

The hell they do, super dupe. GOP is the only party that denies global warming in the world, and idiots like you are the only people in the world that deny. stupidest most misinformed voters in the world.