General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWe need to rewrite a basic rule in this country...
To: "Whereas, if ANY money is involved, never trust ANY market to regulate itself."
The same goes for any industry.
It's time to break up the banks:
Break up the media:
We must raise worker's wages, and tax the top marginal earners progressively, create a nationalized pension system and scrap market oriented retirement plans, reduce the size of the wasteful military/intelligence/congressional complex, rebuild the infrastructure, bolster all public institutions and bring all corporate power under control.
If we don't reverse the path that we're on, our lives, the lives of those who come after us and everything else will be owned by someone like these guys:
They're already trying to turn Detroit into a RoboCop scenario
AS we go, so will go the rest of America.
Don't turn America into a RoboCop scenario.
Squinch
(50,949 posts)madokie
(51,076 posts)one of the lessons I learned early in life. A lesson that has served me well I might add.
Being raised poor probably had something to do with that too. Once someone gets your money in their pocket its nearly impossible to get it back
fasttense
(17,301 posts)capitalism only has ONE winner.
jtuck004
(15,882 posts)who gets the leftovers.
packman
(16,296 posts)I look at that chart and shudder and then say , "Hmm..." Economic Darwinism, willowing out the weak and the ineffectual, adapting to economic trends, evolving and changing to meet the times, a touch or two of ruthlessness at play, killing off the weak and the strong winning out in the end. It's almost organic. Interesting if you ignore the people being ground into the dust as the mega-banks emerge as the winners. Sad to say, I believe we are not done with the four shown here.
randome
(34,845 posts)The problem is, society is supposed to guide that evolution to a much greater degree and we have failed to do that.
[hr][font color="blue"][center]Precision and concision. That's the game.[/center][/font][hr]
Couldn't agree more. We are complacent in ignoring it's implications and in a sense part of the problem - the old story of a frog not being aware that it is in danger as the temperature of the water reaches the boiling point.
Dustlawyer
(10,495 posts)After we have Representatives again, we will have the power to break up the banks and media conglomerates, but not before. We must deal with the Root Cause 1st, which is that the 1% own our politicians and regulatory agencies. Most of our problems stem from this. I mean really, do you think we could pass background checks for assault weapons if 90% of Americans were for it? It didn't happen after Sandy Hook!
By the way, when we break up the media conglomerates, we need to demand reforms for the media that uses our public airwaves under license. They need to keep "news" separate from "entertainment." Fox News won a court case on appeal where they intentionally broadcast false statements about a politician because the all Republican Court of Appeals said Fox News was "Entertainment." The news must be truthful and unbiased. We can still have political discussion shows with opinion, but at least there would not be multiple sets of "facts" from which to postulate.
pscot
(21,024 posts)be voting for Hillary?
2naSalit
(86,536 posts)PumpkinAle
(1,210 posts)they are connected, but BoA and Wells Fargo are combined in certain areas of banking. May be someone with more knowledge can expand on this.
Vox Moi
(546 posts)It illustrates the Big Lie that the Right love to repeat:
That free markets provide more choice for consumers, room for new business and a level playing field.
Wrong: businesses strive for market share and will get it any way they can.
Yes, it is a game of monopoly and just as in Monopoly, the result is one big winner driving everyone else out of the game.
raven mad
(4,940 posts)That way, I can show some of my neighbors, unbelievers, just what's happening.
Yesterday, I rewrote my sig line. I guess we're on the same basic wavelength, MrScorpio.