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Forum Post: PETER SCHIFF (1% businessman) VISITS Occupy Wall Street (the 99%)

Posted 6 years ago on Jan. 13, 2012, 10:05 a.m. EST by booksgamesvideos (72)
This content is user submitted and not an official statement

If you've not seen this video, you should. Yes it's long but worthwhile.

My only objection is he keeps saying "capitalism" which is a dirty word. I support the "Free Market" which is the purest form of democracy available (the consumers get to vote every single day for the companies they like, or don't like). What we have now is a Government- and corporate-run market where the consumers have lost their voice, because their dollars were stolen (~20,000 per household). The corporations should not have been bailed-out.

FULL 1+ HOUR VIDEO - http://youtu.be/ahMGoB01qiA

EDITED VERSION (~15 min.) - http://youtu.be/UGL-Ex1CD1c




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[-] 1 points by reckoning (53) 6 years ago

Shame really.....u can tell many of OWS love to be in debt and love socialism...

[-] -1 points by rayl (1007) 6 years ago

economic systems and political systems are not the same thing

[-] 0 points by booksgamesvideos (72) 6 years ago

What's that mean?

[-] 1 points by rayl (1007) 6 years ago

it means you could have a dictatorship and a capitalist economy. the free market is not the purest form of democracy. your personal freedom could be very limited but you could still have a 'free market'

[-] 1 points by booksgamesvideos (72) 6 years ago

Ahhh. That makes sense. The Roman Empire would be an example of that... a dictatorship in the government, but a free market.

Except when I said a "free market is the purest democracy", I was not referring to the form of governance. I was only referring to the relationship between the Sellers and the Buyers: If the Buyers like what Sellers 1-8 are selling, but detest Seller 9 and 10, then sellers 9 and 10 will not receive dollars from the buyers, and they will disappear from the market. Meanwhile Sellers 1-8 will still be alive and well.

The market is like a giant polling station, and dollars are the ballots, which the People use to choose or reject sellers they like, or don't like.

That's all I meant