Forum Post: Police evict Occupy Honolulu protesters from Thomas Square Park
Posted 12 years ago on Jan. 1, 2012, 10:05 p.m. EST by Zabuza825
(1)
from Honolulu, HI
This content is user submitted and not an official statement
http://www.khon2.com/news/local/story/New-boundary-has-occupy-protestors-on-the-move/pYj2Ic5GHkab7TzRp8uWNA.cspx
"Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society." -Albert Einstein 1949
"The profit motive, in conjunction with competition among capitalists, is responsible for an instability in the accumulation and utilization of capital which leads to increasingly severe depressions." -Albert Einstein 1949
"The United States economy is like a poker game where the chips have become concentrated in fewer and fewer hands, and where the other fellows can stay in the game only by borrowing. When their credit runs out the game will stop." -Mariner Eccles Chairman of the Federal Reserve under FDR
You're probably wondering. If these guys were right and the wealth was heavily concentrated just prior to the Great Depression, how did we recover?
That's simple but not well known. There was a partial redistribution from the mid '30's to the mid '70's.
So why are we in this mess again?
"The income gap between the rich and the rest of the US population has become so wide and is growing so fast that it might eventually threaten the stability of democratic capitalism itself." Allen Greenspan testifying before congress in the spring of '05'.
Robert Reich and a dozen more prominent economists have gone on record with similar views.
All that progress made after the Great Depression has been reversed over the last 35 years. The richest one percent now own 43% of America's financial wealth. That's way too much. Its caising economic instability. But they absolutely will not stop.
It's very similar in Europe. The rich are too rich. Period.
Greed kills. It will be our downfall.