rmptr
Silver Member
Thank you for reading... WE really need to discuss this material!
These were comments posted to the blog column presented by Ilargi at Automatic Earth on 7-13-08.
Comment said...
So after reading all these articles, I'm trying to come up with a vision of the future. Many very wealthy folks, living in enclaves, able to pay the high prices for oil/food/protection..and out in the hinterlands,..folks grubbing and hardly making ends meet, rampant crime and lawlessness. Yuk. I think this is what Naomi Klein concludes may happen.
July 13, 2008
Blogger Stoneleigh said...
Yes, that is indeed what Naomi Klein suggests - a world of gated green zones for the few, surrounded by vast swathes of lawless chaos for the many. However well she documents it elsewhere though, I don't think she realizes that this could happen here.
July 13, 2008
Comment said...
I think you don't have your definitions straight - what you describe is not socialism. In socialism/communism, the government owns the means of production, all of them, and therefore reaps BOTH profits and losses. In capitalism, private entrepreneurs own the factories and reap BOTH profits and losses. In the Social Democrat system, capitalism is fitted with a system of mandatory insurance payments (social security, health insurance and many more) to prevent ordinary people from becoming destitute. The new American system has no name. In this system, private entrepreneurs own the means of production and get the profits, while the public has to come up with the losses. It's the worst of all worlds.
July 13, 2008
<eof>
THE NEW AMERICAN SYSTEM HAS NO NAME. IT'S THE WORST OF ALL WORLDS.
Whew! That's kinda hard to take!
After reading of monumental bank failures with inconceivable numbers involved I am shocked by the salaries those bank presidents continue to draw, as their affairs collapse around them and the losses are shunted over to the back of the taxpayers as they amass fortunes beyond belief.
Yes, I think something is indeed wrong with the system.
I can not imagine reading statements such as those above, pertaining to the USA post, without leaving my own comment. I could not fail to pass it on to YOU, once I read it...
Best,
rmptr
These were comments posted to the blog column presented by Ilargi at Automatic Earth on 7-13-08.
Comment said...
So after reading all these articles, I'm trying to come up with a vision of the future. Many very wealthy folks, living in enclaves, able to pay the high prices for oil/food/protection..and out in the hinterlands,..folks grubbing and hardly making ends meet, rampant crime and lawlessness. Yuk. I think this is what Naomi Klein concludes may happen.
July 13, 2008
Blogger Stoneleigh said...
Yes, that is indeed what Naomi Klein suggests - a world of gated green zones for the few, surrounded by vast swathes of lawless chaos for the many. However well she documents it elsewhere though, I don't think she realizes that this could happen here.
July 13, 2008
Comment said...
I think you don't have your definitions straight - what you describe is not socialism. In socialism/communism, the government owns the means of production, all of them, and therefore reaps BOTH profits and losses. In capitalism, private entrepreneurs own the factories and reap BOTH profits and losses. In the Social Democrat system, capitalism is fitted with a system of mandatory insurance payments (social security, health insurance and many more) to prevent ordinary people from becoming destitute. The new American system has no name. In this system, private entrepreneurs own the means of production and get the profits, while the public has to come up with the losses. It's the worst of all worlds.
July 13, 2008
<eof>
THE NEW AMERICAN SYSTEM HAS NO NAME. IT'S THE WORST OF ALL WORLDS.
Whew! That's kinda hard to take!
After reading of monumental bank failures with inconceivable numbers involved I am shocked by the salaries those bank presidents continue to draw, as their affairs collapse around them and the losses are shunted over to the back of the taxpayers as they amass fortunes beyond belief.
Yes, I think something is indeed wrong with the system.
I can not imagine reading statements such as those above, pertaining to the USA post, without leaving my own comment. I could not fail to pass it on to YOU, once I read it...
Best,
rmptr
