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Reply #7: I don't care what economic terms are made-up to describe it..... [View All]

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DeSwiss Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-12-11 02:15 AM
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7. I don't care what economic terms are made-up to describe it.....
...they're just a bunch of fucking thieves who should all be in prison. No, horse-whipped first. Then put in prison.

- K&R

It ain't robbery, it's a business cycle

Capitalism is about one thing: aggregating the surplus productive value of the public for private interests. As we have said, it is about creating state sanctioned "investments" for the workers who produce the real wealth. Things like home "ownership" and mortgages, or stock investments and funds to absorb their retirement savings. That crushing 30-year mortgage with two refis is an investment. So is that 401K melting like a snow cone at the beach.

As the people's wealth accumulates, it is steadily siphoned off by government and elite private forces. From time to time, it is openly plundered for their benefit by way of various bubbles, depressions or recessions and other forms of theft passed off as unavoidable acts of nature/god. These periodic raids and draw downs of the people's wealth are attributed to "business cycles." Past periodic raids and thefts are heralded as being proof of the rationale. "See folks, it comes and goes, so it's a cycle!" Economic raids and busts become "market adjustments."

Public blackmail and plundering through bailouts become "necessary rescue packages." Giveaways to corporations under the guise of public works and creating employment become "stimulus." The chief responsibility of economists is to name things in accordance with government and corporate interests. The function of the public is to acquire debt and maintain "consumer confidence." When the public staggers to its feet again and manages to carry more debt, buy more poker chips on credit to play again, it's called a recovery. They are back in the game.

~ Joe Bageant, "Waltzing at the Doomsday Ball"
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  -Its Official: Wall Street Firms May Legally Steal From Their Customers stockholmer  Nov-11-11 11:19 PM   #0 
  - Restore the Glass-Steagal Act.  Dawson Leery   Nov-11-11 11:23 PM   #1 
  - +1000  FreakinDJ   Nov-12-11 04:03 AM   #8 
  - Dodd-Frank is a joke,  bvar22   Nov-12-11 03:22 PM   #14 
  - The bill was pretty sad and they couldn't even  SomethingFishy   Nov-12-11 06:59 PM   #22 
  - Glass-steagal would not apply here. HOWEVER, laws already on the books SHOULD apply here. nt  Lucky Luciano   Nov-12-11 07:31 PM   #24 
  - this is the company that just went bankrupt?  RainDog   Nov-11-11 11:26 PM   #2 
  - Corzine called himself a Democrat, but he could not have done what  JDPriestly   Nov-12-11 03:25 PM   #15 
     - well, he was elected gov. of NJ as a democrat  RainDog   Nov-12-11 06:04 PM   #18 
        - I learned a lot from the Clinton years. I won't fall for anyone like that again.  JDPriestly   Nov-12-11 06:23 PM   #19 
           - well, growing up is an education  RainDog   Nov-12-11 07:09 PM   #23 
           - Democrats and Repukes are almost the same, except  crunch60   Nov-13-11 01:48 AM   #25 
  - The game is rigged...unless you are a billionaire and can...  prairierose   Nov-11-11 11:30 PM   #3 
  - Corzine is a democrat and a former CEO of Goldman Sachs  RainDog   Nov-12-11 12:08 AM   #5 
  - Welcome to the American Casino! If you're a member of the 1% club you gamble with someone else's  Citizen Worker   Nov-11-11 11:50 PM   #4 
  - How does a criminal investigation = officially legal? NT  Eric J in MN   Nov-12-11 12:15 AM   #6 
  - I don't care what economic terms are made-up to describe it.....  DeSwiss   Nov-12-11 02:15 AM   #7 
  - sigh..I miss Joe.  dixiegrrrrl   Nov-12-11 05:03 PM   #17 
     - Yeah, me too.....  DeSwiss   Nov-12-11 06:47 PM   #20 
  - Know what's really weird? Republicans think Wall Street is over-regulated. n/t  Scuba   Nov-12-11 06:25 AM   #9 
  - I agree, and they are absolutely delusional and brainwashed by false propaganda  stockholmer   Nov-12-11 09:08 AM   #10 
  - Well, Republicans will argue that everyone has an equal shot, because...  Scuba   Nov-12-11 09:32 AM   #11 
  - They will probably rethink that after a few more weeks of OWS.  JDPriestly   Nov-12-11 03:26 PM   #16 
     - How can Republicans "rethink" something when no thinking was involved to start with?  Fumesucker   Nov-12-11 06:49 PM   #21 
  - A license to steal. How convenient. n/t  BlueToTheBone   Nov-12-11 10:28 AM   #12 
  - "....and warehouse receipts for precious metals"  Earth_First   Nov-12-11 10:39 AM   #13 
  - If you don't have physical possession you don't own any precious metals..  Fumesucker   Nov-13-11 05:04 AM   #28 
  - What's yours is mine and apparently legally so...  JCMach1   Nov-13-11 01:53 AM   #26 
  - God damn them. God damn them all.  Initech   Nov-13-11 04:50 AM   #27 

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