Epic debate: CORNEL WEST vs PETER SCHIFF

[walerosco]

Run time: 10:04 https://www.youtube.com/watch?v=YpcteDgMZ1c   Posted on YouTube: October 28, 2011 By YouTube Member: MOXNEWSd0tCOM Views on YouTube: 303   Posted on DU: October 28, 2011 By DU Member: walerosco Views on DU: 3613

 

[MrSlayer]

1. This Schiff guy is so full of shit.

And you can see it on his face that he's lying and he knows it. What an asshole.

[Jim_Shorts]

3. Warren Buffet pays 17% in taxes but Schiff pays 50% ... Rriiiggghht

The protesters should have asked him how he came up with that 50% figure. He was lying.

He is probably just seeking media attention to sell the brand.

[liberalmike27]

17. There is No Better Way to Put it than that

They just get up there and lie with a nearly straight face, though you could tell this guy knew he was lying and full of shit.

It's a little of the conflation of capitalism and democracy, as democracy allowed for those changes, and only after another time in history very similar to now, where the Schiff type of capitalism fails miserably, in the previous depression. And we tried it again, and here we are again, in the same place, workers in the lower and middle class with no power, no money and screwed. The only difference now is assholes like this guy, and the lion's share of the media in the pockets of big money, trying to delude and dupe people to vote for the same BS that they've already put down, that has put us in the situation.

[CoffeeCat]

2. I don't get Peter Schiff...

I watched Peter Schiff predict the 2008 economic class with such clarity. He was prescient!
He knew damn well that the mortgage bubble was a big heist and that the entire thing would
come crashing down on the country.

Schiff knows that Wall Street, the banks and the entire financial system was a big fraud perpetrated
on the American people. He's a financial wizard with his own investment firm. He knows better
than anyone, because he's on the inside--and lambasted Wall Street when he debated Art Laffer (one
of Reagan's supply-side advisers) who denied a crash was coming.

So---I think someone should have asked Schiff--If you predicted the 2008 crash and the housing
bubble burst with such clarity---how in the hell can you show up to OWS and argue against the protesters
when you know damn well what that the criminal corporations have done to our economy and to
the very people with whom you are now arguing?

[JDPriestly]

4. It is completely useless to have two opionated people discuss this issue when neither

is providing any statistical or concrete evidence for their point of view.

I, of course, agree with Cornell West, and I hope they will continue this discussion AFTER Cornell West gets some numbers (and they do exist) to back up his statements.

Peter Schiff should be asked to prove what he is saying. When did we ever have a truly free market? And how did people do then. The world did not start in 1929 or in 1932. In fact, we had regular severe recessions during the period prior to the formation of what we now call the Federal Reserve. The recession or depression of 1893 brought on the entire populist movement and eventually Teddy Roosevelt's trust busting.

And never in the history of the world did working people and the poor do as well as they did in the 1950s and 1960s in the US -- the period in which we had the highest taxes on the rich and strong regulations of the markets.

Peter Schiff does not know what he is talking about. We got into economic difficulty when Greenspan applied his free-market, Ayn-Rand-inspired theories at the Fed.

[liberalmike27]

18. Don't need numbers

To back up historical fact, like Capitalism not creating Unions, or weekends, or that sort of thing. Christ, the other guy was so full of BS that he was just making stuff up--and with a moderator either so ignorant of real facts, or just not caring, it gets by as news.

IT would be great if they directed more experts in these exchanges, yes. But clearly Cornell West's nearly up-chucking demeanor was correct for the situation of such massive gall being taken in the lies of that other idiot.

[underpants]

5. Marking for watch tonight

thanks

[xchrom]

6. you can't debate lies.

if schiff is going to rewrite history right there -- then that's what you wind up talking about.

[Bucky]

7. I saw that. The ignoramus actually said "The free market ended child labor". Oy vey!

For the record, no. The free market created child labor. Government regulation, brought about by an activist labor movement and an alert compassionate public, ended child labor by regulatory action and rigorous enforcement of the law.

[matmar]

8. the "free market" gave us slavery at one point.

"government intervention" into the fictional free market ended that travesty as well.

[AlbertCat]

9. the "free market" gave us slavery at one point.

Not to mention the Triangle Shirtwaist Factory Fire.... and similar events.

Like the Great Depression.





Remember when people didn't work on the week ends?

Remember when a family could live well with one parent working?

The "free market" has ended those things as well.

[civilisation]

10. The same crap as always,. lies, and more lies,. no debate.

The freemarketers have no ability to debate,. they live in a dream-world where reality can not penetrate.
Everything SCHIFF claimed is easily refutable with little effort., the problem is these lying liars get air-time and are never corrected or rarely even questioned on their stings of "facts".

unfettered capitalism is not freedom,. it is a race to the top for the few with the piles of cash to push on,. it only brings corporate feudalism,. lose of human rights and decency, and ecological destruction.

We need a socialist base to our system,. that used the wealth of natural resources,. to fund human communities, and a basic quality level of human life,. then we have a free market of innovation and ideas that generates new wealth from value added,. this is a gain in freedom, ending poverty and criminal greed. This will move humanity beyond this silly debate about two ends of a spectrum (capitalism - socialism) and free the full potential of all of people.

[nonoxy9]

11. It is impossible to "debate" an unfettered liar like Schiff. Waste of time.

[peacetalksforall]

12. I'll listen to Cornell West anytime, but I won't waste one minute with

someone who talks over one person on tv and several people face to face. What a pig. His words can't mean much if he just repeats "No" "Listen to me" over and over while it's the other person's turn. He did stop to listen to the tax guy. Arrogant creature with a phony smile.

[Plucketeer]

13. Peter needs to

trade the C and the FF of his last name for a big, fat T! Even history-challenged me knows better than to swallow that labor gave us weekends and child labor laws because everyone worked SO HARD! What a DOLT. :dunce:

[Enrique]

14. I tried watching but I couldn't bear the Schiff guy

couldn't do it.

[Name removed]

15. Deleted message

Message removed by moderator. Click here to review the message board rules.

[wxgeek7]

16. I find that very hard to believe

Look at where the "wealth created by capitalism" is going, during these deregulated/tax-dodging days (i.e. tax lawyers, multi-million dollar paychecks, offshore accounts, etc).

Look at how wages for the middle class have been stagnant/depressed for the past few decades.

Look at how it's not unusual to find a person working 2-3 jobs these days.

Look at how nation-wide public infrastructure is in such disrepair.

So now we're back to a situation where parents are more likely (out of necessity and survival, not because they're wicked/bad!) to ask their children to work, to help the family make ends meet.


Without strong government regulations in place, capitalism benefits only the corporations.