Larry King: Michael Moore 'What we're seeing is the end of capitalism.'

[Wetzelbill]

Run time: 03:47 https://www.youtube.com/watch?v=qlMYzLlQ0n4   Posted on YouTube: November 20, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: November 20, 2008 By DU Member: Wetzelbill Views on DU: 3861

 

[ksimons]

1. thanks for posting this nt

[niceypoo]

2. What we are seeing is the end of American style capitalism

Which is basically legalized, glorified kleptomania

[indep_kidd]

11. in the future, the new argument will be HOW MUCH REGULATION we need

I can't really see many markets functioning without any regulation at all, or very little regulation at all.

The conservative viewpoints are slipping away--their new arguments will be we only need this much or that much regulation.

After the 30's and the 70's and the 80's you would have thought that we would already have better countermeasures and regulation than we do now.

[ImOnlySleeping]

15. call it what it is

I don't understand why people don't call lack of regulation what it is.... anarchy.

[mentalslavery]

3. We might have put free market to bed

But the challenge will be to preserve the mixed market, because the conversion to state-capitalism will be difficult! Of course the mixed market (hybrid) has elements of state-capitalism, however, full state-capitalism is a very different animal. One in which the pitfalls are very unknown.

[quidam56]

4. Under Capitalism, man exploits man, under Communism,

It's just the opposite. Wise County, Virginia can't stand anymore of Presidebt Bush's prosperity ! http://www.wisecountyissues.com

[Winnipegosis]

5. What?

I'm stunned that an American could actually say something like this and be taken seriously.

But then again, I'm not thst surprised since all I seem to be hearing from America lately is BAIL-OUT talk.

Up here, in Canada, the worst we've heard, nationally, us that we will have a small deficit next year.

Although Ontario is hurting in the auto manufacturing sector.

[sasquatch]

6. Your capitalism compared to ours doesn't compete

Ours is some absolutist, neo-gilded age, nightmare the boomers thrusted upon us. Now the entire fraudulent corrupt system is collapsing, like a lot of us predicted it would do because we actually read the fucking history books, and now we're watching the hypocrits of our system plead poverty while living in luxory is absolutely hilarious.

[Winnipegosis]

7. I agree with you're point about the hypocricy.

And I can't believe how politicians of both stripes are so willing to bail out these fatcats.

The hypocrisy, from all these players, is astounding, and frankly, embarrassing.

It's a freak show.

[Joe Chi Minh]

17. Sounds like you've got a nasty argument on your hands with Bush and his Administration.....

.... with their nationalisation of the two largest companies in the world: Fanny Mae and Freddie Mac. I think it's scandalous. A bloody Commie, pinko so-and-so in the Oval Office. Outrageous! Just outrageous! And then these multibillion or is it multitrillion dollar bail-outs. Whatever happened to the free market and the Hidden Hand! Money-market, Welfare Queen CEOs? I've had 'em up to here, with their bleeding the tax-payer dry!

[lutherj]

8. I agree with Moore, good riddance.

[Hope And Change]

9. K & R!

[bulloney]

10. This auto industry crisis and Congress' current response to a bailout brings up two things:

1. This is the result of NAFTA, WTO and these other 'free trade' agreements yielding their true long-term impact on our economy. You cannot continue to outsource your manufacturing base and expect your economy to sustain itself when middle class workers lose their $15-20/hour jobs, take a $10/hour job with fewer or no benefits, compensate the void by amassing debt and not expect this economy to collapse over time.

2. This is a golden opportunity for the anti-union sect of our government to drive a wooden stake in the heart of the UAW and they hope, labor unions in general. Members of Congress who hate the unions smell blood and they will seize this opportunity to break the UAW if they can, even at the expense of triggering another Great Depression.

[whirlygigspin]

12. I don't think so...

The car companies greatest problem has been health care cost, and of course the Bush Imperial Project of Oil Uber Alles

Micheal Moore is perharps hopeful of an end to capitalism, at least the nighmarish version of it that has held sway over Americans for the last generation, but what then, pray tell, will he replace it with?

I imagine China will buy out the automakers, cashing in on all the US$$ they have piled up.

[boomerbust]

13. Exactly

CNBC this morning skank Michelle Bachmann demanding that the UAW workers give up $30 an hour in legacy costs to be competitive with foreign companies operating in this country. The full court press of union busting is under way.

[kmac3]

16. Real reason to refuse bailout to auto industry . . . .

You are so very 'right on' . . . the primary reason the Repubs are for refusing financial aid and allowing collapse is to break the Union. This has been a major endeavor for many years. This gives them a perfect opportunity to get the job done. Let's stop them!

[MelissaB]

14. Off to the greatest!

:kick:

[glitch]

18. As long as we move forward from capitalism and not backwards to feudalism. nt

[onlyadream]

19. The result of Capitalism is Greed

The past 10 years or so have shown a large gap between CEO pay and worker pay. At the same time, they've been outsourcing our jobs to China, India, Tiawan, etc.- just to up their bonuses by doing "right" by the stock holders. Okay, so our high paying jobs are gone and now we can't afford their damn products, thanks a lot - but they should of seen it coming. AND now they want a freaking bail out at our expense? No way! America - buy the auto companies and regulate the hell out of it!

[Phred42]

20. the result is Feudalism

[rabies1]

21. I hope Obama is listening to this.

k&r

[defendandprotect]

22. Capitalism is a ridiculous King-of-the-Hill System" .....

intended to move the wealth and natural resouurces of a nation from

the many to the few --

and it's been highly successful at doing so --

Love ya, Mike --