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I think at this point in the economy, the minimum wage is of small import anyway (except to those who earn it), as, if it truly had also been used to keep wages at pace with inflation, it would be much higher.
Originally posted by NOTurTypical
reply to post by HunkaHunka
That reply is not a date for one, and for two that is the BANKING and investment SYSTEM, NOT a market for the SELLING of goods and services.
Now, if you want to discuss the problems with a communist-style central banking system then I'm all ears.
Again, when did Uncle Sam begin regulating BUSINESSES?
Originally posted by Rockpuck
reply to post by HunkaHunka
Well put. I actually agree 100%..
One aspect that I believe would benefit capitalism is to outlaw ALL forms of usury.. that way private institutions cannot generate wealth without production or even a basis as to why they produced that wealth.. illegalize usury and this collapse could never have happened..
Originally posted by TheRedneck
reply to post by tinfoilman
Anyone care to guess what happens if you do that in a car?
On Aug. 31, about 100 housekeepers at the Hyatt Regency Boston, Hyatt Regency Cambridge and Hyatt Harborside at Logan International Airport learned they had just lost their jobs to those trainees, who were replacement workers from a Georgia company called Hospitality Staffing Solutions.
One housekeeper, who had worked at a Hyatt for 22 years, told The Boston Globe that her co-workers cried and screamed upon hearing the news.
This was an unusual move for a hotel, but not a new one for America -- outsourcing jobs to save money at the expense of local workers. The Globe's Katie Johnston Chase reported that the new housekeepers will make only $8 an hour, which is nearly half the pay of their predecessors. They will not have the health, dental and 401(k) benefits of the housekeepers they replaced.
I'm sure someone will give me an angry answer as to why I am wrong but, I think the anti-trust laws were a good thing. I also think the Glass-Steagal act was a good thing, repealing it helped get us to where we are now.
What was once a decentralized system that provided a means to self sufficiency and independence for tens of millions of farmers was purposefully centralized into a capital-intensive fossil-fuel dependent system that restructured local economies, permitting their wealth to be extracted by what are now transnational cartels dedicated to the so-called free market and globalized trade at all costs.
This transformation was the result of organized plans developed by a group of highly powerful – though unelected – financial and industrial executives who wanted to drastically change agricultural practices in the US to better serve their collective corporate financial agenda. This group, called the Committee for Economic Development, was officially established in 1942 as a sister organization to the Council on Foreign Relations. CED has influenced US domestic policies in much the same way that the CFR has influenced the nation's foreign policies. www.opednews.com...
Originally posted by crimvelvet
I do not care if you are socialist, libertarian, capitalist or a centralist, having greedy Sociopaths in control of our government is horrifying. And yes I call them Sociopaths, any one who drives farmers to suicide and starves children is a Sociopath or more correctly murderers.
Re usury... the word that goes with it is "exorbitant" ...exorbitant interest. I guess I missed when usury laws, especially state laws, changed. Or is it that there are so many EXCEPTIONS to these laws, that the average citizen ends up with loans at usurious rates? Ex credit cards.
Business owners take on much risk and should be rewarded for that. Market success or failure. Have even a simple product...you gotta have product liability. etc.
"What if" can be terrifying to some and cause for withdrawing to the past. To others, "what if" ignites a passion to explore, to discover, to change. We had that passion for most of our country's years.