I think adadadog pretty well said it all:
". . . America is not a democracy, it is rather a money-man's oligarchy . . ."
from my pov I like to blame the CFMA 2000 as the means by which the subprime
and subsequent credit crisis arose:
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
and here's an explanation of why it did so:
'Out of the Black Hole' 'Reining in the reckless market in over-the-counter derivatives.'
by Michael Greenberger professor at the University of Maryland School of Law and
a former division director at the U.S. Commodity Futures Trading Commission.
http://prospect.org/cs/articles?article=out_of_the_black_hole
and then there's Elizabeth Warren: http://en.wikipedia.org/wiki/Elizabeth_Warren
and how the 'Right Wing Turns on Elizabeth Warren, Congressional Oversight Panel Head'
http://www.nakedcapitalism.com/2009/04/right-wing-turns-on-elizabeth-warren.html
I'm not going to criticize the US further, there's several examples of how countries
such as Greece, France, Germany, EU, Eire/Ireland, UK, China etc are currently
managing their financial affairs to the deteriment of their citizens, but what is
common to them all including the US is just how much the government and
'business' can fuck up, and severly fuck up, the lives of the ordinary citizen
the government who supposedly serve the citizens, and business who supposedly
provide products and services - beneficial to the citizens
Eric Cantor, US Representative for Virginia's 7th congressional district, referred to
Occupy Wall Street as a 'mob': "I for one am increasingly concerned about the
growing mobs occupying Wall Street and the other cities across the country."
'Eric Cantorâs breathtaking hypocrisy on Occupy Wall Street' by Jonathan Capehart
http://www.washingtonpost.com/blogs...y-wall-street/2011/03/04/gIQAJcZjTL_blog.html
such is the empathy of a money-man oligarchist
I don't believe it's a question of 'capitalism', or any other ism, but here's one definition
of capitalism: http://www.scribd.com/doc/27900749/Distinction-between-Marx-and-Webber-on-Capitalism
'CAPITALISM'
"Different Definitions of Capitalism exist
Essentially, it is comprised of
- An Economic System
- Private Ownership
- Free Market
- Low Government Control
- Protection of Individual Rights
- Unlimited Profits and Operational Boundaries "
two points:
'Low Government Control', but Not, NO Government Control
and
what the Occupy Wall Street movement is all about, the fact that the
'Protection of Individual Rights' have ceased to exist
so far as how OWS effects the economy, I certainly don't expect it to create the
mayhem the 'capitalist oligarchs' have in the last few years
it would be interesting to see the results and effect of a new style of voting, one
where in addition to marking an X to Elect a candidate, one could mark an X on
the NO box, meaning that candidate is being voted to Not be elected - if the NOs
were a greater number than the Elect numbers, the candidate wouldn't be elected
and if NOs of all the candidates were greater than the Elects, people like Cantor
and their ilk might then ensure that ". . . government of the people, by the people,
for the people . . ." exists
". . . America is not a democracy, it is rather a money-man's oligarchy . . ."
from my pov I like to blame the CFMA 2000 as the means by which the subprime
and subsequent credit crisis arose:
http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000
and here's an explanation of why it did so:
'Out of the Black Hole' 'Reining in the reckless market in over-the-counter derivatives.'
by Michael Greenberger professor at the University of Maryland School of Law and
a former division director at the U.S. Commodity Futures Trading Commission.
http://prospect.org/cs/articles?article=out_of_the_black_hole
and then there's Elizabeth Warren: http://en.wikipedia.org/wiki/Elizabeth_Warren
and how the 'Right Wing Turns on Elizabeth Warren, Congressional Oversight Panel Head'
http://www.nakedcapitalism.com/2009/04/right-wing-turns-on-elizabeth-warren.html
I'm not going to criticize the US further, there's several examples of how countries
such as Greece, France, Germany, EU, Eire/Ireland, UK, China etc are currently
managing their financial affairs to the deteriment of their citizens, but what is
common to them all including the US is just how much the government and
'business' can fuck up, and severly fuck up, the lives of the ordinary citizen
the government who supposedly serve the citizens, and business who supposedly
provide products and services - beneficial to the citizens
Eric Cantor, US Representative for Virginia's 7th congressional district, referred to
Occupy Wall Street as a 'mob': "I for one am increasingly concerned about the
growing mobs occupying Wall Street and the other cities across the country."
'Eric Cantorâs breathtaking hypocrisy on Occupy Wall Street' by Jonathan Capehart
http://www.washingtonpost.com/blogs...y-wall-street/2011/03/04/gIQAJcZjTL_blog.html
such is the empathy of a money-man oligarchist
I don't believe it's a question of 'capitalism', or any other ism, but here's one definition
of capitalism: http://www.scribd.com/doc/27900749/Distinction-between-Marx-and-Webber-on-Capitalism
'CAPITALISM'
"Different Definitions of Capitalism exist
Essentially, it is comprised of
- An Economic System
- Private Ownership
- Free Market
- Low Government Control
- Protection of Individual Rights
- Unlimited Profits and Operational Boundaries "
two points:
'Low Government Control', but Not, NO Government Control
and
what the Occupy Wall Street movement is all about, the fact that the
'Protection of Individual Rights' have ceased to exist
so far as how OWS effects the economy, I certainly don't expect it to create the
mayhem the 'capitalist oligarchs' have in the last few years
it would be interesting to see the results and effect of a new style of voting, one
where in addition to marking an X to Elect a candidate, one could mark an X on
the NO box, meaning that candidate is being voted to Not be elected - if the NOs
were a greater number than the Elect numbers, the candidate wouldn't be elected
and if NOs of all the candidates were greater than the Elects, people like Cantor
and their ilk might then ensure that ". . . government of the people, by the people,
for the people . . ." exists