Reply #67: Plutonomy....what a crock of shit!!

[CoffeeCat]

These people are delusional, self-absorbed, stupid bastards who believe that
the yacht owners can prop up the U.S. economy---all...by...themselves.

This is similar to "teh stupid from the neocons". Just like the neocon statement papers,
this plutonomy ramblings is a bunch of baloney wrapped in pseudo-intellectual-ease.

You can dress up dumb with pretty words. Anyone can buy a thesaurus. It's still dumb.

If the uber elites can keep the economy afloat--then why are we in a recession? Why
did leading economic indicators (such as the Baltic Exchange Dry Index) tank during the
initial phase of the recession? Demand for EVERYTHING plummeted. Gee, I thought
the elite and their caviar-soaked billions didn't need the peasants (e.g.--those making
less than $500,000 per year).

If so, why did we plunge into recession and why are we now plunging back into more
bad economic times?

There is no doubt that the uber rich will suffer less in dire economic times. They've
got more resources, connections and cash. However, these people do not drive
the bulk of our U.S. economy---the rest of the country does. The fact that they think
they can "go it alone" isn't "shocking" or "upsetting". It's totally laughable and
ridiculous.

Yes, the elites own the companies that supply an impressive cash flow. However, their
cash flow is dependent upon other people investing in their company or buying their
products and services. If the lower 95 percent can't (or won't) pay their credit-card
bills, what happens? If those who own such brands as Target, Kraft, United Airlines, Pizza
Hut, Walgreen's, Ford--don't have the American people backing them--they fail.

Just look at their analysis, which spells out that a plutonomy flourished "in the roaring 20's".
Are they stupid? The destruction of the lower, middle and upper-middle classes during this time
--and the concentration of wealth to the upper echelons--drove us into The Great Depression.
They mention how wonderful a "roaring 20's" plutonomy was--without pondering the obvious
history that followed that period?

IDIOTS!

The uber-elite nimrods snatching up everything and planning to rule over a bunch of powerless
peasants is a failed model and a recipe for economic disaster--not some brilliant intellectual analysis!

These people are damn dumb. The fact that this nonsense is written by some pompous asses who
know how to crack open Roget's and go to town--doesn't mean it's true. It's crap.

The failed neocons and the soon-to-be-failed plutonomists can take their fake cerebral jargon and
their ill-conceived, pie-in-the-sky unicorn dreams of world domination--and shove them up their asses.