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Jack Rabbit

(45,984 posts)
19. It's no wonder that young adults are turning away from the free market
Tue Apr 26, 2016, 09:23 PM
Apr 2016

What goes under the label of "free market" (Reaganomics, neoliberalism, supply-side, trickle-down) isn't capitalism; it's fraud. A healthy economy cannot be dominated by a parasitic industry like banking and finance. The whole scheme is to cycle and recycle debt. We need oil, so let's go to war and claim our oil under the Arabs' sand. Going to war is very, very expensive, so we go into debt. Get a college education, one goes into debt. Can't make ends meet with all that debt? Don't worry, the bank will extend your credit, and then extend it some more. Banking is a funny industry. Money in the bank may be an asset to you and me, but it's a liability to the bank; the bank has to pay you interest on your savings. On the other hand, your debt is an asset to the bank, because you're going to pay it back, someday. You may have to go into your savings, but if the the system starts to collapse, they may legally steal your savings first.

Isn't banking deregulation and modernization wonderful? There's no such thing a fraud. Fraud is legal, and if it's legal, then it isn't fraud, is it?

I'm not young and haven't been for a long time, but I certainly don't blame young people today for turning way from anything so decadent as the free market. This certainly isn't my Dad's capitalism.

Good. nt SusanCalvin Apr 2016 #1
The establishment knows this and time is ticking on them. fluffyclouds Apr 2016 #2
pretty sure if the books are factual,they will not wendylaroux Apr 2016 #3
Yes, very seldom do the leader who rule over the end of jwirr Apr 2016 #18
When I was in college, I thought I was unusually liberal. I was so glad when I started to discover Svafa Apr 2016 #4
Welcome back, Cheese! nt silvershadow Apr 2016 #5
Cheese! Great for you to be back! RepubliCON-Watch Apr 2016 #6
Thanks Cheese Sandwich Apr 2016 #7
WB Cheese! Hydra Apr 2016 #8
What we're seeing is the end of almost 40 years of Reaganomics .. this trickle down bullshit. YOHABLO Apr 2016 #9
The current form of American Capitalism is a crime-wave nikto Apr 2016 #10
99% of them have no idea what capitalism is Gman Apr 2016 #11
Socialism. . .robbing makers to give to takers. 47% takers. Feeling the Bern Apr 2016 #16
I would hope not Gman Apr 2016 #24
This is why they're prevented from voting. Spitfire of ATJ Apr 2016 #12
Wonder how zentrum Apr 2016 #13
Unlike my generation and older... awoke_in_2003 Apr 2016 #28
crapitalism. pansypoo53219 Apr 2016 #14
Gasp...heresy! SoapBox Apr 2016 #15
Wonderful!!! jomin41 Apr 2016 #17
It's no wonder that young adults are turning away from the free market Jack Rabbit Apr 2016 #19
Capitalism has destroyed this country elmac Apr 2016 #20
This message was self-deleted by its author Cryptoad Apr 2016 #21
This message was self-deleted by its author Cheese Sandwich Apr 2016 #22
don't be that guy Cheese Sandwich Apr 2016 #26
Thx Cryptoad Apr 2016 #31
This message was self-deleted by its author tralala Apr 2016 #34
Please delete the post - you're in the socialist group. nt TBF Apr 2016 #35
Interesting! When I started reading future studies back in the 60s. I encountered the notion that... LongTomH Apr 2016 #23
Lol, that is hilariously sad Tarc Apr 2016 #25
You're in the socialist group - TBF Apr 2016 #30
That is exciting news, in my opinion. nt ZombieHorde Apr 2016 #27
Glad you're back TBF Apr 2016 #29
This seems like a good time to start talking about socialism a lot because Bernie gave us a little Cheese Sandwich Apr 2016 #32
Here are the full results tralala Apr 2016 #33
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