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Forum Post: Corporations only have as much power over as you give them.

Posted 10 years ago on Dec. 8, 2011, 11:09 a.m. EST by utahdebater (-72)
This content is user submitted and not an official statement

The ultimate capitalist scenario is that of Walmart. The founder, Sam Walton, is worth 90 billion. The bottom 40% of the income bracket are worth 95 billion collectively. The irony is that Walton made the majority of his money marketing to that same lower income bracket. This scenario and many others show that corporations only have as much power as people give them. If OW is protesting corporate greed, what they're really potesting is the power they have given to these corporations. Can you see the hypocrisy in this? In a sense they are protesting themselves. These corporations have run smooth operations and have gained power through people buying their goods or using their services. Why does OW hate successful people? I personally think that they're jealous.

32 Comments

32 Comments


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[-] 1 points by BlueRose (1437) 10 years ago

The whole point of OWS is that the people are powerless against corporations in this current political climate.

[-] 1 points by theaveng (602) 10 years ago

This is why I keep saying, "Stop buying their plastic and electronic crap." You don't need a $500 iPhone or a $3000 PC. The $15,000 civic gets you to work just as well as the $30,000 acura.

Learn to live with less.

[-] 0 points by utahdebater (-72) 10 years ago

Good point.

[-] 1 points by capitalismimplosion (33) 10 years ago

start your own employee owned companies and support one another, put big corporations out of business. period.

[-] 1 points by fucorporatemedia (451) 10 years ago

I don't remember choosing to allow Goldman Sachs to create a new derivative so they could start gambling on our necessities driving the cost of food to unbelievable levels just to make themselves even more money.

I don't remember allowing Koch to game the oil market driving the cost of gas so high.

I guess I am choosing to eat and drive so it is all my fault?

In 1991, Goldman bankers came up with a new kind of investment product, a derivative that tracked 24 raw materials, from precious metals and energy to coffee, cocoa, cattle, corn, hogs, soy, and wheat to be known henceforth as the Goldman Sachs Commodity Index (GSCI). For just under a decade, the GSCI remained a relatively static investment vehicle.

Then, in 1999, the Commodities Futures Trading Commission deregulated futures markets. Bankers recognized a good system when they saw it, and dozens of speculative non-physical hedgers followed Goldman’s lead and joined the commodities index game, including Barclays, Deutsche Bank, Pimco, JP Morgan Chase, AIG, Bear Stearns, and Lehman Brothers “You had people who had no clue what commodities were all about suddenly buying commodities,” an analyst from the United States Department of Agriculture told me.

In the first 55 days of 2008, speculators poured $55 billion into commodity markets, and by July, $318 billion was roiling the markets. Food inflation has remained steady since.

Hard red spring wheat, which usually trades in the $4 to $6 dollar range per 60-pound bushel, broke all previous records as the futures contract climbed into the teens and kept on going until it topped $25. And so, from 2005 to 2008, the worldwide price of food rose 80 percent — and has kept rising.

[-] 0 points by utahdebater (-72) 10 years ago

And as fuzzyp said, corporations don't just automatically make profits.

[-] 1 points by 1169 (204) 10 years ago

no its called theft, shell game. the curly shuffle, smoke and mirrors

[-] 1 points by fucorporatemedia (451) 10 years ago

JP Morgan makes a profit every time someone uses their food stamps. They outsourced the 'work' to make even more.

B of A makes money every time someone uses their welfare debit cards.

What about the oil subsidies the government hands out to corporations that are already making record breaking profits every quarter?

What about Halliburton and the no bid contracts. When their work failed, or they didn't do the work at all, they still got paid. And the 'liberal' media was all over that like Solyndra right....??

And the bailouts...no the corporations are all just so self sufficient and we are all jealous ROFLMAO

[-] 0 points by utahdebater (-72) 10 years ago

So really who you're angry at is the government for not having tight enough regulations. Because the Commodities Futures Trading Commission is not a private corporation.

[-] 1 points by fucorporatemedia (451) 10 years ago

I am angry at the government for allowing commodities trading at all.

Goldman Sachs came up with it, and the arrogant bastards even named it after themselves.

[-] 1 points by utahdebater (-72) 10 years ago

So yes, you're angry at the government. So can I ask what the point of protesting these companies is when you're angry at the government, not them?

[-] 1 points by 1169 (204) 10 years ago

Your a nation of sheep if u believe what ur told! The government and big companies are in each others pocket. The US invaded Iraq and took there oil .

[-] 0 points by utahdebater (-72) 10 years ago

So your saying that the US occupation had nothing to do with the fact that there was major terrorists being harbored there and that Saddam Hussein was committing unspeakable crimes on his people?

[-] 1 points by 1169 (204) 10 years ago

yes

[-] 0 points by utahdebater (-72) 10 years ago

Man... Who would've thought...

[-] 1 points by fucorporatemedia (451) 10 years ago

Goldman Sachs bought our government, now they ARE the government.

Have you taken a look at the major players surrounding Obama?

Now Goldman Sachs just put their guys in Italy(prime minister), Greece and I forget where else. I'll try to find the article and post it.

[-] -1 points by utahdebater (-72) 10 years ago

They can only control the government as long as the people of the nation let them. And even if GS did control the gov. it wouldnt necessarily be a bad thing, maybe they'd be able control our ridiculous spending.

[-] 1 points by fucorporatemedia (451) 10 years ago

control our ridiculous spending? They just took a huge bailout ??

[-] 0 points by utahdebater (-72) 10 years ago

3 years ago. As did GM and many many other firms and companies.

[-] 1 points by fucorporatemedia (451) 10 years ago

Why do you think it is okay for corporations to demand socialistic handouts?

Why do you think they are qualified to run the government, when they are the ones stealing from US?

They can't run their own business, so taxpayers bail them out, so they can give themselves bonuses for doing such a good job.

Then they call protesters free loaders??

[-] 0 points by utahdebater (-72) 10 years ago

Well the ones that are claiming that taxpayers should pay for their student loans are...

[-] 0 points by utahdebater (-72) 10 years ago

http://www.nytimes.com/packages/html/national/20050515_CLASS_GRAPHIC/index_03.html

This graph shows the dynamic nature of the top fifth.

[-] -1 points by fuzzyp (302) 10 years ago

Yay! Someone who understands that they actually have a choice and "corporations" don't just automatically make profits because they're the man.

[-] 1 points by fucorporatemedia (451) 10 years ago

Did you know that if your are on food stamps you are supporting JP Morgan? Did we choose to have them run the food stamp program and outsource it to India?

The government is the corporations now, everything they do is for corporations, our entire country is being run by and for corporations....this is not our choice...

[-] 0 points by theaveng (602) 10 years ago

Citation please.

[-] 1 points by GlobalShift (10) 10 years ago

Awwwww snap. Well foiled fu. ^ ^

thank you for this article as well. I had no idea and this is definitely something I will be passing along to friends and family.

[-] -1 points by utahdebater (-72) 10 years ago

Thank you! There is another sane person on here! I was beginning to think I was all alone.

[-] 1 points by 1169 (204) 10 years ago

u r

[-] 0 points by utahdebater (-72) 10 years ago

point?

[-] 1 points by 1169 (204) 10 years ago

First I didn't and you didn't give any one power. They TOOK IT.in a nut shell! look at oil. they raise the price to obcene levels never mind the consequences (look out ur window).there is not room here to list the absurd miss use of greed and conrol..BTW ur was ment to be rethorical freedom of speech