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Forum Post: Bring back true capitalism

Posted 13 years ago on Oct. 8, 2011, 6:02 a.m. EST by msikri (5)
This content is user submitted and not an official statement

For far too many years, capitalism has been grotesquely distorted by the big brokerages and investment banks. They have insidiously spread their tentacles into every single institution of Governance. This is not only in America, but every major country all over the world. The likes of MS and GS have openly bribed - by means of cash, by means of shareholdings, by means of secret bank accounts, by means of providing insanely high paying jobs to relatives - all policy makers in all major countries.

As a result, all economic policies are decided not on the floor of the House, but in the board rooms of MS and GS and their ilk.

If the governments had followed true classic capitalist policies, they would not have bailed out the banks in 2008. They would not have tolerated these banks paying themselves huge bonuses for failure.

Angela Merkel, Chancellor of Germany, Jose Manuel Barroso, President of the European Commission, in recent speeches expressed concern not for the people of Greece, Italy, Portugal, Spain and Ireland facing uncertain futures, but great concern for their banks and bond markets.

How many times does Bernanke mention the common family person, and how often does he express anguish for his colleagues - the Wall Street fat-cats?

Those people would love to brand you as leftists and commies, to marginalize your protests. Don't let them do it. You must say that you the OWS protesters are the true protectors of Capitalism. Classic American capitalism gave birth to a great nation that has been the leader of the free world for a century. Bring back the American Dream - where any one with merit can make it big. Get rid of the rent seekers and frauds - they are actually cronyists who want to usurp all Government power and the wealth of the common American into the hands of a few unscrupulous individuals.

32 Comments

32 Comments


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[-] 1 points by lookma1hand (1) 13 years ago

Thank you! I find it funny that all the people who aren't in debt seem to have all the sense and those in debt up to their eyes have surrendered all their sense along with their want and need to take care of themselves. That youtube link that steve15 put up proves that the problem is the government. Bush removed regulations that allowed these dishonest practices to begin with! So, yes, we have a rather large collection of problems...but none of them will be resolved by blaming wall st or the rich. We need to address the ROOT of the problem, not the symptom. For those unable to follow me, the root is crooked people in charge of government. They need to be replaced with honest servants of the people, not self-serving politicians. Steve, you need to grow up. You are ignorant.

[-] 1 points by pissedoffconstructionworker (602) 13 years ago

Right on OP.

I'm pro capitalism---as long as it works for everyone.

Let's make the unions strong again, save Social Security, expand Medicare and stop sending jobs overseas.

Nothing against the rich and I don't even mind them getting richer---as long as it's not all about robbing everyone else blind to do so.

Keep coming downtown, folks! See ya down there!

[-] 1 points by Uguysarenuts (270) 13 years ago

Ummmm,

[-] 1 points by capitalismworks (15) 13 years ago

Everyone of you OW cats should wake up. If you don't like the amount of money you make or where you live then get a better job. Your past choices have you where you are, not the government. Blame yourself for your living situation. All of the OW "demands" are ridiculous. A Living Wage??? Why would any of you left leaning protest mongers work if that were the case? Free college for everyone??? Then what would make you a better candidate for a job once everyone has college? The destruction of fossil fuel energy???? I guess you don't realize that the computer you're using to type on this forum is largely made of petroleum based products(fossil fuels). Your group really needs to grow up and realize the government is not a business and can not provide anything for you, nor should it, without the people giving their money to it. And as for the 1% vs the 99%.... Well I hope you look into more numbers and see the that 1% pays almost 50% of the taxes. The taxes you want used to pay your living wage and college.... And about 45% of Americans pay 0% taxes into the federal government, yet they are the biggest burden on our economy. Your utopian society would be a disaster. Open your eyes. Wake up. Crawl out of your parents (tax paying) basement and see the world for what it truly is. Jobs are everywhere. They might not be what you want, but you need to learn to do what it takes to survive, not think you are owed a nice life just because you are an American.

[-] 1 points by Steve15 (385) 13 years ago

A little knowledge for you

http://youtu.be/Rz1b__MdtHY

[-] 1 points by Steve15 (385) 13 years ago

My friend you are spending way too much time watching TV. You are clueless.

[-] 1 points by capitalismworks (15) 13 years ago

I don't actually watch tv. I read on a daily basis. I grew up poor. I worked my way of poverty to where I'm at now. No one paid for my schooling. I am a debt free American. If you don't want banks and Wall Street running your country then don't pay them. It's pretty simple. Quit living off of credit. Live below your means. Don't expect to have everything your parents do when you get married. You have to EARN what you want. Don't expect to just have a beautiful life handed to you.

[-] 1 points by April (3196) 13 years ago

The politicians have been bought and paid for by the 1% and behave accordingly. I believe that the problem is the political system. Money is allowed to talk too loudly in politics and it chokes the voice of the 99% The solution is to take the money out. When that happens, the possibilities are endless. The 1% have the wealth. The 99% have eachother. And that is worth more than all the money in the world. True democracy is the answer.

[-] 1 points by ToriAlexander (32) 13 years ago

Hey, guys what about the small business owner? Corporations include companies with a half dozen employees. You might want to make some kind of distinctions here. I am against government subsidized monopolies (i.e. bad corporations) and I am for a free market. One of the functions of the government should be to break up monopolies not help create them. We should consider the excuse that was used to bail out the banksters. They were "too big to fail." Obviously we need to insure that no corporation ever becomes too big to fail again, because that just means they are so big they will not be held responsible. For profit corporations are not inherently bad. The gov't in collusion with corporations is inherently bad.

[-] 1 points by April (3196) 13 years ago

The politicians have been bought and paid for by the 1% and behave accordingly. I believe that the problem is the political system. Money is allowed to talk too loudly in politics and it chokes the voice of the 99% The solution is to take the money out. When that happens, the possibilities are endless. The 1% have the wealth. The 99% have eachother. And that is worth more than all the money in the world. True democracy is the answer.

[-] 1 points by capitalismworks (15) 13 years ago

Why do you keep posting the same response to everything?

[-] 1 points by April (3196) 13 years ago

Why does a protester on the street carry the same sign? Because I think that is the way to solve most all of our problems. Sorry to sound redundant, but thats what I truly believe. I know it might be in the same thread, but some people don't re-read the same thread all the way through. Plus its a little early in the morning. I may need another cup of coffee to really get going!

[-] 1 points by quietlike (194) 13 years ago

Is capitalism the cause or solution to the financial crisis?

http://www.youtube.com/misesmedia#p/search/13/Lf8fmego1Cw

They say govt, but its govt/FED collusion

[-] 1 points by smartguy (180) 13 years ago

I have to laugh at everyone who refers to "the capitalist" in a free market system as if they are evil overloads sitting in dark cave somewhere and scheming 24/7. The reality is, when people are given the right to free exchange, EVERYONE BECOMES "THE CAPITALIST" and everyone has equal opportunity to be prosperous, it's not until laws start being written by "the capitalist" (corporatism) does everything get screwed up and you start seeing the evil that the ignorant among us think is the result of people having the freedom of voluntary trade.

[-] 1 points by THISISFUNNYSHIT (8) 13 years ago

Definition of CAPITALISM : an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

[-] 1 points by quietlike (194) 13 years ago

we do not have a free market, its a centrally planned economy through govt progs/regs and the federal reserve (a private institution) working in collusion to create the boom/bust cycle and from that, massive wealth transfers occur.

[-] 1 points by quietlike (194) 13 years ago

we do not have a free market, its a centrally planned economy through govt progs/regs and the federal reserve (a private institution) working in collusion to create the boom/bust cycle and from that, massive wealth transfers occur.

[-] 1 points by quietlike (194) 13 years ago

we do not have a free market, its a centrally planned economy through govt progs/regs and the federal reserve (a private institution) working in collusion to create the boom/bust cycle and from that, massive wealth transfers occur.

[-] 1 points by Argentina (178) from Puerto Madryn, Chubut 13 years ago

""in a free market"" in a real free market, banks that are not suported by FED, should just break , and stop working. If 1 or 2 banks, will break down, people that trust those banks, will then be very carefull where they put their money. If that will hapen from starting will should have at least a few people to solve the problems... the trouble was of course making the bank to much trustrable, thinking that banks where "to big to fail", that the worst mistake, and has nothing to do with real capitalism. In real capitalism, we should see General Motor fall down, big banks fall down.... or at least they should look hove to solve their earnings...no going to cry to goverment.

[-] 1 points by THISISFUNNYSHIT (8) 13 years ago

Oh,, I totally agree about letting mismanaged companies fail. However, that being said, at that moment, with the Lehman collapse, The mortgage collapse, the whole fannie and freddie deal, etc,,, had GM, Chrysler, and the big banks (along with most small banks) failed, the ripple would have spread worse through the economy than the great depression. Choosing the bail out was by far the lesser of the two evils. Under most any other circumstances, I would have been opposed 100% to it. Though it did not stop the recession, it may have helped to prevent it from being a lot worse. On the bright side of that, at least GM, Chrysler, and the banking industry has paid back all of the loans. In fact, GM is slowly but surely buying back stocks from the government. Now all we have to do it to get the government to get off its asses, get out of the business world, where it has no business being there, and let the companies do their job. Government does not create jobs, they do not produce anything that can raise income. The only thing government does for income is steal money that other people earn. The only problem I have with the entire OWS movement, is that it is all directed at the wrong people. All the marches and protests should be directed at the lawmakers. Wall Street only plays within the rules that Washington sets. If you want to see change, then change the lawmakers.

[-] 1 points by Argentina (178) from Puerto Madryn, Chubut 13 years ago

If GM, Banks, will be let them crash on 2008, will now will not have OWS , will might have a big truoble on 2008 , 2009 , 2010. but on 2011 will be already oka, maybe GM, will be sold to some Asian or Europe carmaker, that makes better, fuel efency and cheaper car . Only the banks that did what they should always do will be recovering. The economy sistem will be clean, and USA will not have money yo suport wars....

So just helping GM and BANKS on 2008 only extended the dead of a system that is not working, sooner or later will fall down.

[-] 1 points by Antoniovan (2) 13 years ago

Capitalism is for the benifit of the richest people which is called the capitalist. If this system is not gonna to change,nothing will change except for the name of the fat-cats.

[-] 1 points by April (3196) 13 years ago

The politicians have been bought and paid for by the 1% and behave accordingly. I believe that the problem is the political system. Money is allowed to talk too loudly in politics and it chokes the voice of the 99% The solution is to take the money out. When that happens, the possibilities are endless. The 1% have the wealth. The 99% have eachother. And that is worth more than all the money in the world. True democracy is the answer.

[-] 1 points by Antoniovan (2) 13 years ago

Capitalism is for the benifit of the richest people which is called the capitalist. If this system is not gonna to change,nothing will change except for the name of the fat-cats.

[-] 1 points by ockupera (5) 13 years ago

I agree with you. The current system has to go. We must have a new one, that supports everyone, of course!

In a capitalistic society there ARE differences; some get richer, but MOST people get poorer... I support a Resource-based economy. To have a better world, it must be for everyone. As long as its not a global movement, there will always be competition and differences in life quality between people. Now we have a chance to make a great world; for everyone.

[-] 1 points by capitalismworks (15) 13 years ago

Idiot..

[-] 1 points by ockupera (5) 13 years ago

For me, capitalism isn't working anymore. Maybe it never has. The best solution is a Resource-based economy, because that system will make it better for everyone, not just the 1% richest.

We have to demand a better place to live for everyone. We must stop with all of the stupid things we are doing today, like war, greed, people dying of starvation, and so on.

I support a Resource-based economy, like the Venus Project. A movie like "Zeitgeist Moving Forward" is a eye opener! - maybe the best to see!

[-] 1 points by Uguysarenuts (270) 13 years ago

Double idiot

[-] 1 points by capitalismworks (15) 13 years ago

Capitalism isn't working for you anymore?? Seriously? I bet you're not working for capitalism. With capitalism you have no ceiling as to how rich you can become. It's up to you. And being rich does not make someone "evil", how that person uses the money makes them "evil" or not. Just because you are jealous that someone else has stuff and you do not is not a reason to try and discredit capitalism. In any system there will always be people "getting over". If you think that your resource based system can not be corrupted you are sadly mistaken. Just to throw it out there, I am in favor of a Flat Tax. In this system EVERYONE will pay the same tax rate. No more tax brackets and the like. Tax brackets as they are set now are being used as Class Warfare fodder and none of the lower class seems to understand that.

[-] 1 points by quietlike (194) 13 years ago

good idea, easily corrupted. Makes people dependent, instead of free responsible individuals

[-] 1 points by quietlike (194) 13 years ago

good idea, easily corrupted. Makes people dependent, instead of free responsible individuals