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Crises of Capitalism

This is why we need to rebel against banksters and fascist corporations!


Added: Feb-26-2012 Occurred On: Feb-26-2012
By: 104JebackaBrigada
In:
Creative
Tags: Crises, Capitalism
Location: United States (load item map)
Views: 1781 | Comments: 109 | Votes: 6 | Favorites: 3 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • At the hotel I was staying in there were about a dozen carpenters renovating the building. I ended up having to communicate with them and I found out that not one of them spoke english. These were not American born guys (likely mexican) doing jobs that otherwise would and should be wellpaid work for us. I blame the powers-that-be in the financial world for pushing "globalism". In a secondary way, I blame our politicians for lacking the balls to stand up to financial power players.

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    • @Lwe5113 I blame the politicians 100% because they write the laws and are obligated to serve us.

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    • @mikedelta12 you said politicians write the laws and, my friend, you are wrong about that. I doubt they even read the laws, like obamacare with thousands of pages written by lobbyists from big healthcare, big pharmacy and big insurance. Tell me who is most powerful in 2012...the guy with a trillion dollars (banker) or the sitting president? Ps don't forget the banker also owns the media.

      Posted Feb-26-2012 By 

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    • @Lwe5113
      I disagree. Congress, and the President are the only entities that can write and enforce law! They may be bought off by special interests such as corporations and unions. Which in my opinion I believe they are. I think we both agree that our government is corrupt. Where we differ is, you believe that the corporations are the cause of this.

      My premise is that CEO's and board members are obligated to their stockholders. They have absolutely NO obligation to the taxpayer (as harsh as th More..

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    • @mikedelta12
      The President only implements and enforces the laws written by Congress.

      Posted Feb-26-2012 By 

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    • @seangail I agree, that's why I used the word "and" in both instances in the first sentence as well as the word "Congress".

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  • I found that very fascinating.

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  • So, explain Cuba. It is one of the last communist nations that only prospered because they reverted to a rudimentary form of capitalism. As opposed to North Korea which did not in any of the aforementioned.

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    • @pcoltrain Really, Cuba prospered? Last I heard they were still driving 57 Chevy's(and not as classic cars) all over the place! I guess prosperity is relative.

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    • @mikedelta12 Now, maybe prosper is not the right word. Those two nations Cuba and Korea are very similar in size, population etc. Cuba at least is able to feed, sustain and grow its population. and that is only because it reverted to a rudimentary form of capitalism and didnt adhere to a rigid marxist model.

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    • @pcoltrain That's only because they realized that the only way they could keep people from starving was with capitalistic reforms. Just like Deng Xaioping in the 70's. That just leaves NK, and the only reason it hasn't reformed is because the Kim dynasty has isolated their people from the rest of the world in order to maintain power. That's the model Marxist state!

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    • @mikedelta12 My point exactly. just put in different words.

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    • @mikedelta12

      Not to mention NK spends huge sums of money on the military and Cuba doesn't.

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  • Marxism is the answer? HaHaHaHaHaHa that's a good joke. 104 I thought you were going to wake people up? Marxism? I don't think so!

    Posted Feb-26-2012 By 

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    • @marc1921

      Marxism? He didn't say it was and I don't believe marxism solves anything.

      Posted Feb-26-2012 By 

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    • @dcmfox He reference's marx at 3:48,4:48 and 7:35. What I got from this is capitalism = bad,inequitable. marxism = good, the answer.I just might be a knee-jerk conservative but this guy is coming from the far left as I see it.

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    • @marc1921

      I like you but am thinking you are big time rightwing.

      They way Marx crazy theories make you shiver. Keep in mind these were people just studying data, no computers or TV's just theories. Some parts good, some horrible.

      My point is the economy is a fucking beast like mothernature nobody can control it they just do what they can using principles from the past.

      We have kids graduating from college with 100,000 dollar debts, and no jobs. Meanwhile the debates are about he said More..

      Posted Feb-27-2012 By 

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    • @marc1921 you know what though. Cherry picking from marx isn't a bad thing. He is absolutly right as was Murray Rothbard. You can't be an absolutist to solve problems. There is no such thing as true free market capitalism as there is no such thing as true communism.

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    • @marc1921 the video has great points and there's a lot truth inside. I cant help you with you fear from Marx, i have never read him.

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  • excellent post.

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  • nice

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  • Lasted about 20 seconds before the weed said no wrong video choice bro.

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  • Comment of user 'DFW1990' has been deleted by author (after account deletion)!
  • interesting.

    Posted Feb-26-2012 By 

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  • "Fascist corporations"

    How do expect to be taken seriously with ridiculous language like this?

    Look, i'm sorry your daddy didn't buy you a pony when you were little, but life is harsh. Go get a job.

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  • the true fascists are OWS and other socialist party members.

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    • @jpeterman57

      Fascist are the opposite os socialists.

      Posted Feb-26-2012 By 

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    • @Brian Stewart They are almost the same, but there are differences. Socialism and fascism are each forms of statism, forms of government in which the government is given complete or extensive control over the lives of its citizens. The most obvious of which concerns their view of private property. Socialism abolishes the institution entirely; fascism does not.

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    • @marinesnip

      Well done MS, that's the best and most sensible answer I have seen on LL.

      Communism and fascism do indeed control the state. Hitler did at first have a disdain over manufacturers and businesses but gave them a certain amount of freedoms to generate and become successful. This is what led Germany to be Europe's dominant Economic and military power in the 30's.

      So basically Fascism is just a more extreme militarised form of capitalism.

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  • Yawn!

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  • The only problems with our capitalistic society is the liberal crap that's unconstitutionally rammed down everyone's throat by administrations such as the current one.

    It's funny how capitalists are "evil" in the eyes of thieves such as Pelosi, Reed, Clinton, Obama et al. Every damn one of them is a multi-millionaire, but not one of them earned a damn thing.

    Is there a friggen liberal socialist smart enough to ask the question of just "how" these crooks came by their m More..

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    • @Fred Flintstone

      Grow up and buy a color TV...

      Your opinions bare a resemblance to a child's black and white thinking. The roots of the finance crises are not about any single political movement or party.

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    • @immamoron
      Eloquently spoken...and correct.

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    • @immamoron Bullshit. It was caused directly by government interference and manipulation of the free market system. It's called building a house of cards. One "card" fails and the whole fucking house falls. Dumbass.

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    • @Fred Flintstone

      Eh, you say the financial crises was caused by government interference?

      I don't understand how anyone can pass on the old 'self-regulation' joke anymore. We all saw what happened with the private credit rating agencies and the shadowy derivatives businesses. Banks literally paid for ratings on their worthless derivatives and nobody was there to stop it because nobody had to.

      It was also under the excess 'government manipulation', that you described, when Madoff pulled off th More..

      Posted Mar-6-2012 By 

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    • @immamoron I never said shit about self-regulation. If the regs. that were on the books were enforced, instead of ignored to cover "pet projects" like freddie and fannie asses, it wouldn't have happened. Can't have your cake and eat it too. You give people a loophole, and they're going to play with it. It was our own govs. fault that the loophole was put into play - all to cover their asses.

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  • Hell, at 26 seconds in your "new social order" and your simple title made me stop your nonsense. If you don't see the problems created by out of touch, and fascist governments then you are too far gone. Self righteous pleb, keep believing you are out to make a difference.

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  • we dont have a "fascist" economy. retarded people use such language to scare people.

    if we truly had a fascist economy we wouldnt be having many of the problems we are having today. such as outsourcing, cheap illegal labor, government owned by the multinational corps etc etc. under fascism the large multi national corps answer to the government. which is exactly the opposite of what we have today. fascism economics is basically economic nationalism. with the ultimate goal being comple More..

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    • @inthehills97 true fascism is akin to corporatism, so you could say it is quite fascist in nature. If you want to go down the authoritarian route of fascism look and what the IMF does to countries that don't "obey".

      Posted Feb-27-2012 By 

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  • I don't care what an e-jihadist has to say...

    I didn't watch your vid, not because it isn't good, but because I don't care what you have to say.

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  • This a comment repost and that's only because I never got an answer, so please forgive me for the cut and paste, that is if you are offended by cutting and pasting;

    Now, I'm not an economist by any means! But, why does he assume that finance and manufacturing are a zero sum game? The fact that they're on a seesaw implies that, and his argument from 8:30 on depends on that implication. Then he says that "finance has screwed manufacturing, that any sensible person would be an anti-capitalist More..

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    • @mikedelta12 . It's all BS.

      Like all Keynesians and socialists he believes in the fixed pie fallacy. Thus he pits one group against another even if they have voluntarily entered into a transaction. He is looking to put down capitalism and he has to weave a complex wave of BS to accomplish it. Your time can be better spent elsewhere than trying to make sense of nonsense.

      Study Austrian economics. Go to www.mises.org and study everything you can. The Austrian economists are the ones that saw the More..

      Posted Feb-27-2012 By 

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    • @Yukon6400 Thanks Yukon6400. I was just trying to point out the glaring assumption in the video.

      Also, I was hoping to hook a keynesian for a nice lively debate ;)

      Thanks for the link.

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  • No talk of the (fiat)money supply.boo.

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  • Debt incumbent people don't go on strike. DINg

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  • Now, I'm not an economist by any means! But, why does he assume that finance and manufacturing are a zero sum game? The fact that they're on a seesaw implies that, and his argument from 8:30 on depends on that implication. Then he says that "finance has screwed manufacturing, that any sensible person would be an anti-capitalist [sic}". Are they mutually exclusive sectors of the economy? or do they complement each other (like I thought)?

    Can anyone with more knowledge of macroeconomics More..

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  • Banksters and facist corporations have prospered BECAUSE of big government and reglation. Free markets are the best balance of power between the corporate world and the people. Big government only gets in the way. If you don't trust corporations and banksters then how could you possibly trust bureaucrats and politicans who answer to them?

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    • @WolfBite120

      I see the sockpuppet account of SOONER3 who never comments doesn't like you either.

      Fake accounts still roaming around.

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    • @WolfBite120 I agree. Corrupt politicians pass legislation that benefits corporations and by proxy themselves. Thats why you get 2000 page bills. Its all designed to be confusing to anyone other than a constitutional lawyer. There is no such thing as "unintended consequences". Its by design. The mistakes our government makes aren't mistakes. Every committee in congress has a team of economists and layers behind them, as does our chief executive. Its all intentional! our elected politic More..

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    • @WolfBite120 which came first the chicken or the egg?

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  • Bitches of Zion Blacklist

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    Posted Feb-27-2012 By 

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  • The brain dead libs on parade

    Posted Feb-26-2012 By 

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  • I have peanuts in my poop.

    Posted Feb-26-2012 By 

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  • another piece of Liberal bullshit by 104JebackaBrigada. get a clue you damn moron

    Posted Feb-26-2012 By 

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    • @star53

      Instead its just Obama's fault right?

      He did say academics understand it, so why are you commenting in the first place?

      Posted Feb-26-2012 By 

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    • @star53

      Did you know, it was Obama who started WWII? Hehe.

      Posted Feb-26-2012 By 

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    • @dcmfox You seem intelligent (no sarcasm intended). I have a question about his premise that I cant resolve from this video.

      At 8:40 on he implies that finance and manufacturing are a zero sum game yet he gives no evidence as to how that conclusion is reached. Can you help me out, thanks in advance!

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    • @mikedelta12

      I'm no economist but what I get out of it is banks are more in the betting game these days. They extract huge sums of money without creating anything of value which in turn goes into the hands of very few people.

      Manufacturing just hops around from country to country following the cheap labor.

      All of society used to have pride and be a partner with finance/manufacturing industry.

      Now finance runs everything.

      Like I have been saying for sometime Goldman Saks runs the world.

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    • @dcmfox Thanks for the reply. I'm trying to understand his premise on a more elemental level though. I myself don't know enough to definitively draw the conclusion that capitalism is the cause of our recent economic troubles. The problem I have is Dr Harvey asserts that manufacturing has suffered at the expense of the finance sector without presenting any evidence to support that thesis. Therefore I cant agree with his conclusions because (to me) some very important information is missing from t More..

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