Forum Post: We DO NOT have a capitalist system
Posted 12 years ago on Oct. 3, 2011, 6:16 p.m. EST by signul
(1)
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The state plays a major role in research, development, bailouts, etc.
correct, its a corporate oligarchy, its never been capitalist. Capitalism is just the carrot put in front of conservatives.
Kucinich is a socialist.
Kucinich has the right idea in his "NEED" act: http://americanfreepress.net/?p=800
We have flawed capitalism--fatally flawed. We must strip the banks' right to create money through the fractional reserve system. Only the government should issue currency. We need a new branch of government to figure out how much money the other branches get to spend. That money would be created debt free and spent into the system. If the government spends too much, they tax some out to be retired from circulation.
We've been doing currency creation all wrong and backwards. This is why our capitalism is so distorted--before the government steps in with research, development, bailouts, etc.
correct, its a corporate oligarchy, its never been capitalist. Capitalism is just the carrot put in front of conservatives.
Pure Capitalism would result in the banks raping us even HARDER. Right now there is a little bit of stuff in the way
actually no. Real pure capitalism would make it possible for us to get billion dollar loans. Its actually much more evolved and egalitarian than the system we have now.