Forum Post: In America middle class and poor people face market conditions while rich corporations get subsidies and bailouts.
Posted 13 years ago on Oct. 21, 2011, 5:01 a.m. EST by abmebratu
(349)
from Washington, DC
This content is user submitted and not an official statement
Imagine if 800 billion dollars was spent on home owners and every American community?? I bet we would have a surplus in 4 years. However, this is considered "un-American", but it is American to spend billions of dollars on tightly controlled financial institutions owned by less than 1% of the population. That's good old American law making these days. We got free markets for me and you and welfare for the rich. Risk for the average American and a safety net for the rich. Some how we manage to call this democracy.
It's also American to spend billions on unnecessary wars. 800 billion dollars. I keep picturing children who need food would actually be fed. Children would all get an equal education. People wouldn't lose their homes!
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The 1% is always batting our heads with the "mysterious wisdom" of the free markets, but it seems to me they are unwilling to accept market forces for themselves. The richest and most powerful corporations have taken or continue to take state subsidies. They refuse to talk market risks, instead depend on the nanny state to come bail them out. We saw this explicitly in the bank bailout....So I think what we have in this country is socialism for the rich and capitalism for the rest of us.
The very concept of Capitalism and Democracy has disappeared
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financial institutions will have to be controlled by the people
As we really know, it stopped being anything close to what we consider a democracy a long time ago (technically it never was a democracy, it was a republic, but I think that's splitting hairs). Not to mention the businesses all that money went to also turned huge profits. What a scam!
huuhh what a mess.