Forum Post: [DELETED]
Posted 12 years ago on Feb. 7, 2012, 6:10 p.m. EST by anonymous
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In my opinion, the plan would be this:
Reinstate Glass Steagall, to separate commercial (safe) banking from merchant (risky) banking, so that Wall Street can't gamble with our money.
One we're rid of the funny money, start up a national bank to make low interest rate credit available to rebuild our infrastructure and manufacturing base.
Implement a high-tech New Deal to put millions back to work, while producing a first class economy to make us once again the leaders of the free world.
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Can you say more about how an economics working group would work?
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there are quite a few of related working grps at nycga.net ...
I think we should put together a group to design a bank
I think taking a page from the guy in the midwest who started a petition to establish a state bank would be good. Every state should start a petition, find out how many signatures are needed to have the question of establishing a state bank on the ballot for election day. Need banking lawyers, maybe contact State Bar Assoc. see if they have anyone interested. If the question does make it onto a ballot, then it's gonna need alot of publicity, which OWS could do. just a thought.
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imo... the bottom line is the creation of jobs... let's say we magically got everything we wanted in fixing the gov... we still will have the problem of job creation both here and globally ... and the current banking system could care less about job creation ... so ... we got to do it ourselves
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yeah... we (the middle class) is not spending because we have little capital to spend... for a zillion reasons.. but mostly because we had no bailout and the necessary capital to rebuild our economy is not trickling like the dunbasses promise.... so... the real answer is to either socialize (which would be a big step backwards) or to build our own source of development capital.... here's my view of a good way... and I'm sure there are other ways that work too... let's do anything and everything that helps...
http://occupywallst.org/forum/we-need-to-create-our-own-bank/
Isn't the problem, is that the ever increasing wealth disparity is what is causing the economy to stall... ?
It's like the wealth at the top is what is not going back into the economy enough, or just in certain areas, or just in bonds or whatever to grow bigger...
If people were not stretched so thin at the bottom, they would spend more...
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I think that lets face it, hindering opportunity to the majority is being used (almost like harvesting us economically?)... and also the further disadvantages from that economic desperation extends this.... and this has been going on for hundreds of years...
Of course it's relative, but the economic tools that are now being used by advantaged interests are now even more sophisticated - wall street tricks, newer MBA practices and tactics to leverage and drain profits from companies, etc... the economy is being worked over and angled at for every penny...
This is ultimately not really an economic issue, it is a mindset and perception issue...
There are very large social structures that are controlled by various influences that are able to effectively control the discussions to their advantage...
We are unfortunately directly affected by these majority mindsets, because this is what often determines what progress and opportunity is available to us as well in a very large number of areas- ecologically, politically, educationally - and these manipulations of public mindsets allow for massive exploitation of the system...
So if the 99 percent do not exercise their rightful place and share of that opportunity, we are mostly trapped and directly affected as well, even though we are awake and recognize the fact of it!
Changing public perception and mindsets is very difficult because it is mostly successfully managed by powerful interests who are able to make any questioning of the public mindset 'taboo' and social anathema... (using rhetoric like un-american, etc)...
These interests maintain their positions of power directly by flattering the public with false rhetoric and using distortions that are actually encoded to divide the public and collapse constructive dialog, to prevent discussion developing to thresholds for fundamental change...
Essentially most western society is a core of military and police strong arming of the public, wrapped in pomp and posturing to appear otherwise (using nationalist rhetoric and veiled threat), under which many alternative opportunities are effectively oppressed...
So we would have to change our focus onto reason itself, as fundamental reasoning systems would never allow for this type of distortion, manipulation, and harm to the public well-being...
good post Lof40... ;)
yeah... we (the middle class) is not spending because we have little capital to spend... for a zillion reasons.. but mostly because we had no bailout and the necessary capital to rebuild our economy is not trickling like the dunbasses promise.... so... the real answer is to either socialize (which would be a big step backwards) or to build our own source of development capital.... here's my view of a good way... and I'm sure there are other ways that work too... let's do anything and everything that helps... http://occupywallst.org/forum/we-need-to-create-our-own-bank/
Interesting thread on social wealth...
At least the description of wealth should be looked at as certain economic actions remove 'public wealth' rather than claiming that lower tax rates, corporate loopholes 'generate wealth' ... of course the trickle down is rarely helpful to the public...
The same tired recycled arguments and sound bites, are used again and again... and look at how many people fall for it...
So u are saying how resources and actions are valued is changed to more reflect its social impact, in terms of credit and cuurency... interesting...
I guess to a degree it is all a matter of what types of changes the public will go along with and agree to...
Campaigns already spend millions to craft and shape public opinion on how the country should be run, it is hard to compete with this... so my little spin on this is if we educate on reasoning systems, we might be able to turn the dialog around, and develop new constructive ways to distribute ideas and get on the same page... the idea being this would simultaneously support all good ideas...cooperative business type models (employee ownership, etc) as well...
How do we catch the tiger by the tail...
Is a real problem that effects getting any good idea implemented past the monopolistic interests that control public perception, to such a high degree...
;) ... further I believe this approach is a win win for everyone... the wealthy economic capitalists would no longer be burdened with the taxing of their incomes for social programs ... while the social programs would actually be able to create & develop their own capital w/o having to fight & beg for it....
it would promote new job creation and new prosperity all the way around
Don't hold your breath waiting for real change from our current political whores, while their corporate pimps and influential money are paying them to keep things just as they are. Besides, congress & the WH is in the austerity mode; you won't see a spending bill passed unless it's paid for by cuts somewhere else, so ......... it's a race to the bottom while our elections get auctioned off.
I just looked up the NEED Act and I like it. -
http://kucinich.house.gov/UploadedFiles/NEED_Act_Fact_Sheet_09232011.pdf
It makes sense and WOULD work, but it will never get passed because of the reasons stated above. Because the American people are no longer represented; I think we should consider moving from a republic to a ..........
Direct Democracy - To put the decision making directly in the hands of the people.
http://osixs.org/Rev2_menu_commonsense.aspx
Every government degenerates when trusted to the rulers of the people alone. The people themselves are its only safe depositories. - Thomas Jefferson
But that's just my opinion - Cheers :)
Of course global trade is gonna dry up when everywhere around the globe, the US included, the governments are shoving austerity down the throats of their citizens and as one reputable economist noted a few weeks ago, austerity feeds decline. And so it looks like we are in a downward spiral thanks to our ignorant politicians. How to organize a naturally unruly bunch like OWS to get behind something concrete and take action is almost like dealing with politicians.
I think most of the major answers are already here .. posted on the Occupy sites.. we just need to organize around them...
one smaller thing that hasn't been mentioned much... is I believe we need to clean house of congress as fast as we can... so we can start gathering the bad data on all the candidates of all parties... those that we can prove are corrupt ... lets expose that loudly... and even push for recalls....
Accountants are not economists but their take on things is interesting. Maybe they can do a better job fettering out was is wrong with the global economy since economists have entirely failed us.
Economics as a scholarly field of study has become antiquated. It has not kept up with the transformations to society that have emerged in the last 30 years due to the information revolution.
I agree that we need some big thinkers in the field of economics to step up to the plate. Where are they?
And, is it possible that the GFC has impacted the world to this degree? Pitiful, if so, and why hasn't anyone been prosecuted?
what is the GFC ?
You know! The Global Financial Crisis.
;) thx
No problem ;- )
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Yup. Sad and pathetic. These guys are all studying old theories in old textbooks. We need some big thinkers to help us out of this mess and to move forward.
[Deleted]
are u talking unemployment ? .... if so... I believe it's closer to 20% ... they are not counting the homeless or underground
It does matter. I'm not ignoring you in the least. This is one of those threads that I wish to take my time and put some thought into responding.
I'm afraid it is much too late for that. There is no compromise for these people. They want sole power and will do anything to get it.
damn that's a quick cave in ... why are you here?