[Samseau]

(09-30-2014 08:55 AM)Sp5 Wrote:  

(09-30-2014 07:51 AM)assman Wrote:  

Here is that glorious socialism in effect:
Venezuela's "21st Century Socialism": Food Lines For The People, New Cars For The Military

It's not like the only choices are our corrupt oligarchical state capitalism and Venezuela's corrupt confiscatory state socialism. There are other choices.

The USA had an unprecedented run of broad-based prosperity growth from 1950 until about 1980, in which workers and owners both received a share of productivity growth in the economy. Since then, ordinary people have become debt slaves to mortgages to bubble-inflated real estate and credit card, while wages have not grown.



I don't have all of the answers, but restoring Glass Steagall would dampen some of the financial speculation bidding up asset prices and restore banks to a proper role extending credit to worthy businesses and individuals. Some adjustment in tax policy to reward domestic manufacturers and employers over outsourcers. Some restoration of the right to organize and join unions in the private sector.

The key turning point on this graph was when the dollar was taken off the gold standard. Once gold was thrown out, everything becomes fiat and money just gets printed via debt and the FED, allowing those with connections to the gov to make the most money (which are usually giant mega-corporations). For example, huge banks have "special discount lending windows" where they can borrow from the FED at firesale prices (like .5% interest rate) us normal plebs cannot. This has been going on for decades.

Also, iknowexactly really looks foolish, because it has been under our precious democrat, "spread the wealth around," socialist Obama that the wealth gap has grown the highest.

I read somewhere that about 2,300 families own half of the USA's net worth. It's pretty obvious that Obama is one of the worst failures in USA history, just from judging by Obama's own standards.