There is a reason why they regulated capitalism

[Taverner]

Capitalism is a savage beast. It has no conscience. That is why you need need need regulation of the market.

If you don't the economy becomes unstable. Like it is now. 14 years of deregulation has brought us to this point. Once consumer spending dips - watch out! The other shoe drops.

Just sayin'.

[porphyrian]

1. I'm only surprised when someone is surprised by this. - n/t

[Sarah Ibarruri]

Well, every book on economics says unfettered capitalism is great.

In fact, ECON books claim that capitalism is stable (a lie), that capitalism improves everyone's standard of living (a lie), and that capitalism magically corrects itself (a huge lie).

[jgraz]

4. You got it -- talk to any economist and you'll realize what Capitalism really is

A religion. And a hard-core fundamentalist religion at that.

[Sarah Ibarruri]

11. Absolutely.! So true!! Economics is the Bible of the Capitlaism religion. nt

[Taverner]

15. Only if you're talking about Classical or Keynesian Econ

If you introduce some of the Socialist Economists into the equation, it becomes more of a science and less of a religion.

[Sarah Ibarruri]

18. And where, pray tell, could one find an economics book on that? :-)

Walk into any bookstore anywhere and go to its business section. All economics books are a worship book of the god of capitalism. They revere it, and they kneel at its altar.

[mudesi]

5. Not true.

I've read several economics books that give a true picture of capitalism. What I have noticed, though, is that the sections and chapters that deal with fair and equitable capitalism are usually omitted in the curriculum, and the professors routinely ignore them, and the media pretends they don't exist, and the upper class denounces them.

[Sarah Ibarruri]

12. Well then kindly please point them my way, 'cause I haven't seen one. nt

[porphyrian]

6. Books are only as good as the people who write them.

Books written by liars are not likely to be chock full o' facts.

[Taverner]

3. I knew this - I understood this

But I don't think I grasped it until now...

[porphyrian]

7. It should be sinking home for most people here pretty soon. - n/t

[FreakinDJ]

2. Yes - it is called THE GREAT DEPRESSION

The bi-product of Capitolism run rough shot over an economy

[cascadiance]

14. I like Thom Hartmann's framing of it being the great REPUBLICAN depression!

Call a spade a spade. That accurately describes what it was then, and where we might be going now too!

[rucky]

8. Consumer spending drop? Like this?

http://www.reuters.com/article/reutersEdge/idUSN1443951720070814

[PDJane]

9. Worse, much worse,

Is the fact that the government is being handed over to these rapacious companies to gather intelligence, look after prisoners and veterans care, look after water sources and power........it's not the answer.

[Double T]

10. wall street and corporate america needs heavy regulation and vigilant oversight...........

YOU can never hand over the Keys to the Kingdom, specially to a bunch of self serving crooks.

[JVS]

13. And that reason is that they were afraid of Soviet Union.

No USSR means no regulation for us. To do so without the threat is unnecessary and unprofitable for our ruling class.

[formercia]

16. The seeds of Revolution

http://journals.democraticunderground.com/formercia/17

The seeds of Revolution
Posted by formercia in General Discussion: Politics
Mon Jun 25th 2007, 02:33 PM
http://www.thirdworldtraveler.com/Corporat...

--snip--

We tend to think of corporations as fairly recent phenomena, the legacy of the Rockefellers and Carnegies. In fact, the corporate presence in prerevolutionary America was almost as conspicuous as it is today. There were far fewer corporations then, but they were enormously powerful: the Massachusetts Bay Company, the Hudson's Bay Company, the British East India Company. Colonials feared these chartered entities. They recognized the way British kings and their cronies used them as robotic arms to control the affairs of the colonies, to pinch staples from remote breadbaskets and bring them home to the motherland.
The colonials resisted. When the British East India Company imposed duties on its incoming tea (telling the locals they could buy the tea or lump it, because the company had a virtual monopoly on tea distribution in the colonies), radical patriots demonstrated. Colonial merchants agreed not to sell East India Company tea. Many East India Company ships were turned back at port. And, on one fateful day in Boston, 342 chests of tea ended up in the salt chuck.
The Boston Tea Party was one of young America's finest hours. It sparked enormous revolutionary excitement. The people were beginning to understand their own strength, and to see their own self-determination not just as possible but inevitable.
The Declaration of Independence, in 1776, freed Americans not only from Britain but also from the tyranny of British corporations, and for a hundred years after the document's signing, Americans remained deeply suspicious of corporate power. They were careful about the way they granted corporate charters, and about the powers granted therein.

--snip--

[eppur_se_muova]

17. Because people lie and cheat? nt

[TheFarseer]

19. yes, this housing thing was very preventable

People getting set up with introductory rates on house payments with little hope of making the "real" payments when the year is up, people putting all their cash into homes so they can "flip" them, people getting a second mortgage to buy a Yukon, people maxing out their credit cards to buy plasma TVs, the government paying $400 billion /yr to finance a debt so we can have bridges to no where and illegal wars. Our entire economy is a pyramid scam and no one in Washington sees a problem?!?!?!?!?!?!?!?!?!?!?!?!?! George Bush should be thrown in prison until he pays back the 5 trillion he added to the debt.

[tabasco]

20. Society becomes unstable.

Accumulation of wealth and power in a small minority is anti-democratic and will eventually result in revolution.