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Bernanke Tries to Manage Expectations of Fed Role

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posted on Aug, 30 2010 @ 12:10 PM
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reply to post by djvexd
 





The problem is AG's answer to higher powers when appointed and those higher powers are generally in bed with said corporations. In the case where AG's are elected directly, campaign funding and media smear and spin via corporations, effectively keep the legal realm in check through monetary punishments or rewards.


I frankly do not believe the people are going to do a damn thing. Not this upcoming election of 2010, not in 2012, and the incumbents will largely remain in power, and the people will, at the last moment, decide to vote for "the lesser of two evils" rather than vote for good. I think the people get the government they deserve, and I think we have a corrupt government because the people themselves are corrupt. I would like to be wrong. I would love to have to come back to this thread post election and admit to being wrong. Please Dear God, let me be wrong.




posted on Aug, 30 2010 @ 12:10 PM
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Originally posted by Jean Paul Zodeaux
[. Offering the have nots a socialist system will not stave off economic disaster. Offering the have nots a free and unregulated market, where massive competition can thrive, and use a currency that carries real value is what will stave off economic disaster.



I agree fully with what you had said except for the above mentioned qoute.

Competitiveness can only thrive on level playing fields. Today, we know full well the international markets are NOT level playing fields. And most critical are the inalienable universal rights of humans being trampled upon everywhere today, even in US by the Corporatists.

Just look at the wages, the land projects, etc. The operating costs and laws differ from nations to nations. Thus, in order to be truly competitive, the Corporatist will have to look for the lowest denominator in costs and the highest in terms of profits. Thereby borned Globalisation.

Today, we saw the effects of such principle of competitiveness. It created an unstainable society of workers, were they are either lowly paid, or unemployed, so much that they cannot afford even the cheap goods.

Competition espacially within a free market is good, but as competitiveness seeks often the lowest denominator in costs and highest in profits, the corporatist policy comes into play - profits before self, even if it is in the short term, which would spell billions of dollars in a market such as China.

At the end of the day, you may want to consider a socialist system where competitiveness is kept in check, espacially over manufactured products. A cellphone is only to communicate. Do we need the other apps? A car is only a box on 4 wheels. Do we really need climate control and other nifty but useless gadgets inside which ramps up to justify the cost and competitiveness?

Competition creates innovation and progress. But at the same time, should such innovation and progress be applied to other sectors in the socia-political economic arena, instead of focussing on it to gain that extra buck conned off the back of simply laymen masses?

[edit on 30-8-2010 by SeekerofTruth101]



posted on Aug, 30 2010 @ 12:41 PM
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reply to post by Jean Paul Zodeaux
 


Generally speaking most people are not corrupt per se. Many of them have been conditioned to vote based solely on what they would get out of it. If you promise them free this and free that but neglect to tell them about the costs most people have been conditioned not to worry about it because it's "free". We have become a dependant society. Which is in and of itself another form of slavery. But that is another can of worms altogether. I hate to agree with you about the upcoming elections but I feel you are right. People are so afraid of the pain needed to set things right again that the cycle will continue until it finally collapses or is destroyed. Gov't propping up corporations isn't helping matters much either. On one hand they are applying an undue importance on the larger corporations by deeming them "too big to fail" and using tax money to prevent the natural state of business, at the same time villifying them with the population. Shortly after the powder keg WILL ignite.

[edit on 30-8-2010 by djvexd]



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