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Originally posted by ANOK
Capitalism is not solving the worlds problems, it is causing them. Artificial scarcity in a world of need, due to the requirement of capitalists to make profit. When profits stop the machinery to produce stops, the people at the bottom feel it the worst. The machinery to produce needed resources stop working, because the private owner stopped making profit (or moved production overseas in order to make more profit from cheaper labour).
Because capitalists moved production to cheaper labour markets means the American worker is now competing with foreign countries for work. There was a time the worker only had to compete with their neighbours for work. Then it became the whole town, then the next town, the next state, and now the next country...
Capitalists maintain the upper hand because they own the means to produce, so they control and manipulate the market, and the state, to their own benefit.
This is nothing to do with communism, I have preached nothing, only shared my observation of the current state of affairs. You don't like it? Do I care?
Originally posted by Hombre
Nice to hear that. Well if you would live here in Germany, you would say the same thing, just replace American in this Quote with Germans.
Originally posted by thehoneycomb
Ok well we all know thats a lie.
after you've carefully returned your popped eyeballs back into their sockets, insert a stick into your mouth to bite on for the revelation that $21tn is the conservative number. The amount of money being hidden by the world's super-rich, facilitated by an "industrious bevy of professional enablers" could be as much as $32tn, according to a study of 2010 figures.
Back in early 2008 when the primaries were heating up between Hillary Clinton and Barack Obama, a friend with contacts in high corporate places whispered a secret in my ear. The secret he told: Money sources will tighten and corporations will hoard cash in an effort to make whichever Democrat is elected a one-term wonder...
The Federal Reserve recently reported that America's 500 largest nonfinancial companies have accumulated an astonishing $1.8 trillion of cash on their balance sheets. By any calculation (for example, as a percentage of assets), this is higher than it has been in almost half a century. Yet most corporations are not spending this money on new plants, equipment or workers. Were they to loosen their purse strings, hundreds of billions of dollars would start pouring through the economy. These investments would probably have greater effect and staying power than a government stimulus....