Forum Post: Our Dollars Keep Wall St As Is
Posted 12 years ago on Oct. 4, 2011, 12:46 p.m. EST by pilib
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Generally speaking, we, the average American, through our over-consumerism, are the ones who fuel Wall St. and the like. When we cut back in a big way on our spending, then a new culture is possible.
I agree, but think about what we are spending...spending what?? U.S. $ a.k.a., monopoly money backed by nothing? Fiat currency? Are you aware that Bernanke has tripled the money supply in the last 3 years?
End the FED and restore sound money to the people.
EVERY Empire in history began its decline with debasing the currency and impoverishing the people.
Generally speaking, we, the average Americans who have pensions and retirement savings are the ones who fuel Wall St. When we completely divest ourselves of our ability to retire with a modicum of comfort, then a new culture is possible.
Yes! This is absolutely true. We need to learn to navigate through the corporate economy so that we aren't the ones funding it.
A very good point.
Who will fund it?
Who will fund the corporate economy? No one should. But at the very least not us.
OK then outlaw corporations, right?
That's certainly a conversation the United States should be having. What, in fact, are the effects on the general populace of having corporations extant? What are the pros and cons of corporations? Do they improve our lives? Do they negatively effect our lives?
Why do corporations exist at all?
Because of the East India Company - ring a bell? Corporations used to have to go to Congress periodically to renew their charters in order to operate for a specified period of time.
Congress would decide if they were operating in an ethical manner and if it was in the public's interest to continue operation.
However, the corps eventually bought off Congress to get rid of the pesky renewal requirement.
OK good. Outlaw corporations.
If we were to do that, we would need to also figure out a foolproof way of preventing history to repeat itself.
Outlawing corporations is a knee-jerk response. Making them accountable, perhaps by bringing back the charter clause, making them pay taxes, be responsible in their business practices, etc.