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In reply to the discussion: Irish journalist humiliates EuroBank technocrat who won't stop ducking hard questions [View all]Moostache
(9,897 posts)There was no answer given!
I'm all for making these banksters squirm and I'm always happy to see anyone put the fire even slightly to their asses; but in the end, I want MORE! I want my pound of flesh AND I want to see them suffer the consequences of their hubris and actions. I want legal restrictions enforced. I want banking regulations restored to what they were successfully from the 1930's through the 1990's. I want the F.I.RE. sector of the economy to go back to a healthy level of the GDP. I also want Prep-walks and stiff sentences, total loss of assets and bankruptcies for the major players (CEOs, Board Members, Directors, ie. - the management class that does nothing and collects everything) - both as a punitive measure for what they have done, but also as a warning to others in the future who will be tempted to once again bring us to this precipice!
Naked, unvarnished capitalism has given rise to predatory global banking cartels that have enslaved the world. The last domino is already wobbling (the American consumer class - once known as the middle class) and has little to no hope of returning to a true engine of the global economy. The Chinese and Indian "miracles" and manufacturing bases exist only because of Draconian working conditions, total lack of care for the well-being of employees and a ready supply of exploitable, desperate people that will work for 1/10th of what an American worker would need just to survive in this country.
The REALLY depressing thing I saw recently was the idea that Apple (who now makes almost everything they sell in China) clears $400,000 PROFIT for every employee that they have...but that is APPLE employees - they outsourced the entire manufacturing process to China and allow the companies there to serve as contractors in a vendor-supplier arrangement instead of as employee-employer relationship. THAT is a problem that is not going to go away.
We live in a world that is going to have to do one of two things - Massive genocidal killings to reduce the population or Economic revolution of killing off global corporatism before it does us all in. Profits over people is not a slogan that will be used, but it IS the core value of those who believe in totally unfettered, unregulated capitalism. To these whining hyenas, the 1950's and 1960's - when America really WAS #1 - was a series of 5-year plans under the Kommisars! America was more than just capitalist back then....corporations had real ties to their communities and actually CARED about supporting the local and national economies and they wanted to create a consistent and fair return on investment for the investor-class. The expectation was NOT double digit increases every year or CEO pay on a scale that would make the Pharoh's of Egypt blush.
We lost the edge...and have fallen into the abyss. I am not hopeful that anyone is going to be able to stop the fall either...it 100% won't be Gingrinch or Romeny and I have already been bitterly disappointed that Obama was unable to do more to make the country rally around a return to sanity in the face of the 2007-current economy. We are already in free-fall...the GOP will cut the parachute off completely while the Dems seem content to debate just how long we can go before "zero-barrier" is reality...