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EJ24 Donating Member (29 posts) Send PM | Profile | Ignore Sun Jun-05-11 07:39 PM
Original message
Capitalism Has Failed America
 
Run time: 05:07
http://www.youtube.com/watch?v=w-ONVCMteNg
 
Posted on YouTube: June 05, 2011
By YouTube Member: 24EvelJustin24
Views on YouTube: 141
 
Posted on DU: June 05, 2011
By DU Member: EJ24
Views on DU: 5003
 
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JAnthony Donating Member (745 posts) Send PM | Profile | Ignore Sun Jun-05-11 07:54 PM
Response to Original message
1. Justin is the man! Even if he's not old enough to vote yet!
Maybe he is, soon he will be.

I like his fresh "F" "u" attitude, and general grasp of the facts, even if he gets a few details a bit mixed up. Not that Justin loves every thing Obama does, obviously he doesn't, but he knows who the enemy is, for sure!

Any of us should be as bold and forthright as this young man. Let's hope there's 10,000,000 guys and women between 18 and 35 who will go vote in November 2012.
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liberalmike27 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 07:41 PM
Response to Reply #1
49. Kudos
Bravo, bravo, seriously, I'd like to take a dump on republican talking points too. That was so true and funny, and displays the proper amount of ANGER toward the american system.
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Moostache Donating Member (905 posts) Send PM | Profile | Ignore Sun Jun-05-11 08:41 PM
Response to Original message
2. K&R
I enjoy the passion and the healthy dose of facts and reality that this young man steeps himself in. Its criminally insane to allow the talking points of "job creators" persist one day longer.


Republican campaign 2010 - "Jobs. Jobs. Jobs."
Republican governance 2011 - "Debt. Debt. Debt."
Republican campaign 2012 - "God. Guns. Gays."
Republican governance 2013 - "Cut and Spend. Cut and Spend. Cut and Spend."

Second verse? Same as the first!

No one should be surprised by any one this....they have been running the same goddamn play book for 30+ years!!!
Its waaaaaaaaaaay past time to call their bluff and get the cards on the table.

Where are the jobs from this supposedly pro-business tax code? Where is the largess of the upper class? Why are Americans facing a diminished future and austerity proposals instead of sharing in the record profits of corporate America? Why can Exxon-Mobil make more money in 90 days than any company in history and yet we cannot figure out a way to profitably invest in future energy generation with a healthy proportion of that money???

I am sick to death of the obvious being treated like the oblivious by the obfuscating ass heads in the Republican party and its apologists.
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CarrieLynne Donating Member (88 posts) Send PM | Profile | Ignore Sun Jun-05-11 08:48 PM
Response to Original message
3. YES! YES! YES!!!! spot on!!
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wellst0nev0ter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-05-11 09:02 PM
Response to Original message
4. He Used The Word "Fuck"
Clearly he's not serious :sarcasm:
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MrMickeysMom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 04:05 PM
Response to Reply #4
39. Well... Yes, he used it well...
:hi:

Never heard it used so fucking well...
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deutsey Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-05-11 09:02 PM
Response to Original message
5. Could not agree with him any more than I do. K&R
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The Wizard Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-05-11 09:04 PM
Response to Original message
6. He should be performing spinal implants
on Democrats. The unvarnished truth is refreshing.
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theFrankFactor Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-05-11 11:51 PM
Response to Original message
7. You brighten my fucking life Justin!
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nikto Donating Member (414 posts) Send PM | Profile | Ignore Mon Jun-06-11 12:36 AM
Response to Reply #7
9. Good 4 him!
Smart kid.
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AllTooEasy Donating Member (540 posts) Send PM | Profile | Ignore Mon Jun-06-11 12:12 AM
Response to Original message
8. Wrong! Capitalism didn't fail America under Dem/Clinton rule

...and it's (slowly) coming back under Obama.

Repukes are just the fucking worse capitalists in the world. No...they are just the WORSE!

BTW, I do support Unions, Social programs for the elderly, poor, handicaped, etc, and strong regulation on Wall Street, Corporate America, and Big Banks. I may be a capitalist, but I'm not crazy.
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Moostache Donating Member (905 posts) Send PM | Profile | Ignore Mon Jun-06-11 09:57 AM
Response to Reply #8
18. Umm....NAFTA was pure Clinton and it has not worked out so well for American workers. (n/t)
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chervilant Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 11:03 AM
Response to Reply #18
21. Not to mention
what it's done to our neighbors to the South...
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 01:19 PM
Response to Reply #18
31. Not only did NAFTA occur under Billie Boy, so did the FCC
1996 de-regulation, which has given Americans 300 channels of BS to listen to daily. While taking away the ability of small time community people to create and have their own radio stations, etc.

And because of Bill Clinton's coddling of Mike Taylor, the farmers in America got the reassurance of Taylor's made up science-y doctrine "Substantial Equivalency" which has allowed Monsanto to rape and plunder small time farmers ever since.

Oh and then the Bank Reform Act of 1999 which is so convoluted that many public interest lawyers cannot help small time borrowers and account holders because no one quite knows, all these many years later, exactly what the provisions of that 1,000 page plus piece of shit means in terms of banking. Although during the Fall of 2008, many Americans came to understand that provisions inside that bill were what enabled banks to crate the CDO's and other derivatives that turned the banking industry into just another casino.



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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 06:16 PM
Response to Reply #18
44. Er . . . to be fair, it wasn't pure Clinton . . .
Bewsh 41 sorta kinda had a hand in it also. But Bill should have known FAR better than to sign it, even by his free-trade-loving wife's own admission.

A lot of good things happened under Clinton. A lot of bad things also happened under him, mainly his more-attentive-than-it-should-have-been ear for the Reaganomic Regressive bunch and his lurve for Deregulation and Free Trade.
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 01:02 PM
Response to Reply #8
27. dupe
Edited on Mon Jun-06-11 01:04 PM by defendandprotect
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 01:04 PM
Response to Reply #8
28. ONLY regulated capitalism can succeed -- we tried it, then bought they way out of it ....
We need economic democracy and capitalism isn't it --

Unregulated capitalism is merely organized crime --

Capitalism is an evil -- and you can't regulate an evil.

ONLY regulated capitalism can succeed -- but it's still not economic democxracy .....

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MrMickeysMom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 04:08 PM
Response to Reply #8
40. "I may be a capitalist, but I'm not crazy"...
That wasn't what I thought you were....

What I really think you are is misinformed if informed of this subject at all.

You can't even begin to describe the "slow" process under Obama that "it" is coming back, can you?

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liberalmike27 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 07:47 PM
Response to Reply #8
50. Naaa
Clinton was part of it, passed free trade, globalization, very anti-American, centric policy. Denying it doesn't lead to the fix, tariffs on imported products, to collect the taxes we lost, and bring jobs back to fix unemployment. Denying that Clinton's NAFTA, WTO, his passing Gramm Leach Bliley in 1999, just isn't being fair. This shit has been going not for 8 years, but for 32 years now. We took a wrong, wrong,wrong turn in 1980, and Clinton was just stretching out a credit bubble.

Clinton was lucky enough, too, to be president during the baby-boom generation's peak spending years. Then during late Clinton,early Bush they pumped up all types of credit, pushing air into a system designed for real cash from earnings, and in 2007 it all started falling down.

Saying it was all Bush's II's fault is just disengenuous, and shows a failure to see how completely democrats, republicans, and the whole of our media has been coopted by powerful forces, by the richest people in the nation.
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florida08 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 05:56 AM
Response to Original message
10. Justin knows what he speaks about
Laissez-Faire Captialism has absolutely failed the majority but profited the few. Nouriel Roubini said as much.

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madlefty Donating Member (27 posts) Send PM | Profile | Ignore Mon Jun-06-11 06:26 AM
Response to Original message
11. I really admire EJ
I wish I had the guts and vocabulary to do the same...
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Dokkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 06:58 AM
Response to Original message
12. you seem like a smart guy
and that is what frustrates me. What any of the policies this country conducted with the last few years had to do with capitalism, I would never know. This problem has been articulated by very many respected politicians and pundits and you should know better. Capitalizing the profits and socializing the losses is not capitalism, the TARP and the federal reserve bailout should have be enough to dispel the myth that this country is not capitalistic. Capitalism works when you let the weak companies and the ineffective companies die and thats not what is happening.

I know your heart is in the right place but this sound like those republicans calling social security, Medicare and even Healthcare reform socialism when private companies are making all the profits from that program. The beginning of wisdom is calling things by their true names and that my friend is where you start.
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florida08 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 08:44 AM
Response to Reply #12
14. Please
The only time that happened was in the great depression. Government has been bailing out the crooks ever since. They have to because we have fractional reserve banking. There use to be requirement of having to maintain at least 10% but deregulation did away with it. They could bet it all which is what they did. That put at risk everyone's deposits/retirement with those CDS. Paulson was going to buy up the toxic trash but that was too slow so he made them take billions to loan it out. What they did was to buy up other failing banks for their deposits.

Now these 6 huge banks are even bigger than before and little has changed. The 6 largest banks hold 77% of US earnings.
The GOP did roll out a job's agenda. http://www.politico.com/news/stories/0511/55755.html
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Dokkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 09:06 AM
Response to Reply #14
15. And I agree with you
But as I asked the OP, what part of government insuring the banks or bailing them out is part of capitalism? I don't know about you but in some area, I do like my pure and unadulterated capitalism. This angry rant accuses capitalism for committing a crime it had little to do with and that is what I was replying to.

Dont forget giving them exclusive rights to the federal reserve discount window.
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florida08 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 10:07 AM
Response to Reply #15
19. I understand what you're saying
But I think what Justin and I both are saying is that's the myth. Unfettered capitalism produces greed which produces corruption which destroys the economy. They did this with the Gramm/Leach/Bliley act. Now if we had restored Glass Steagall I might agree but they did not. The reason is that capitalists pretty much control the government..or it's lobbyists. They don't have our best interest at heart. This is why they want to privatize SS. I'm afraid the captialism you speak of is a thing of the past unless we get a government that protects the working man from these guys. The 14,000 the Dow was at prior to the fallout was not real wealth as we now know.

Absolutely correct on the fed discount window. They were getting tax payer money long before the collapse of the market. They get loans from the government at almost no interest and loan it out at a much higher rate. That's gaming the system. They're going after Warren who wants to protect us now. Even Greenspan, whose door I lay most of this, said he was wrong about deregulation. A bit late I would say. It just doesn't work.
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Locrian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 10:46 AM
Response to Reply #19
20. exactly right
Capitalism "logos" or spirit is EXACTLY about one thing: profit. It's "competition" only to the degree that rules are enforced to pit corporations against EACH OTHER to prevent them from acquiring enough power to short circuit laws. It's in its nature to be anti-competitive as much as possible because that results in even higher profits and less risk.

Asking capitalism to be "kind" or "go green" or anything besides externalize costs and internalize profit is like asking capitalism to go Buddhist or something.


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neoralme Donating Member (812 posts) Send PM | Profile | Ignore Mon Jun-06-11 11:57 AM
Response to Reply #12
23. Excellent. What is going on now has been referred to as cannabilistic
Edited on Mon Jun-06-11 11:58 AM by neoralme
capitalism. It won't last much longer. When the cannibals have eaten everyone, they starve. Reagan started it; it rose in effect with Bill Clinton. What is going on now is simply treading water until the oxygen gives out. It will take a total collapse before a new economic system can develop. It won't be capitalism again. I think it will be more of a feudal system for a while.
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 01:53 PM
Response to Reply #12
34. You're talking about REGULATED capitalism .... which we haven't had since New Deal was overturned...
Unregulated capitalism is merely organized crime --

Capitalism works when you let the weak companies and the ineffective companies die and thats not what is happening.

Capitalism also has nothing to do with competition -- it's about killing the competition --

It's a ridiculous "King-of-the-Hill" system -- intended to move the wealth and natural resources

of a nation from the many to the few -- and it has done that very successfully where it is in use.


I know your heart is in the right place but this sound like those republicans calling social security, Medicare and even Healthcare reform socialism when private companies are making all the profits from that program.

The problem isn't really that the rw calls social programs "socialism" -- though you are correct

we have already corrupted those social programs by permiting private companies to exploit them,

especially drug companies -- the problem really is that people think that "socialism" is the

USSR's "communism" or Hitler's "NAZI" party --

Rather, Russian "communism" wasn't communism --

and Hitler actually took over a truly social program -- NAZI party -- which was dedicated to

women's rights, human rights, labor, health care, preventive medicine, etal. After Hitler

took it over, of course, it was all reversed.

Socialism is respected all over the world -- except here in America where RW propaganda has

demonized it!

It is capitalism which is despised all over the world!

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Dokkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 07:16 AM
Response to Original message
13. Also republicans never ran on passing job bills
They ran on the debt, almost every single one of the new republicans ran on reducing the size of govt as a method of creating jobs. I hear this so many times where we ask to see the jobs bill they have proposed when none of them ran on that platform. Also be realistic, its only been 6 months since they took over control of one house, do you really expect them to be churning out jobs left and right?

You do not have to support their policy but at least give a fair representation of it when you are doing your own rant.
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Avant Guardian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 09:16 AM
Response to Reply #13
16. "its only been 6 months...do you really expect them to be churning out jobs left and right?"
They will 'churn out' zero jobs. They have no interest in creating jobs and their policies make jobs go away. Don't delude yourself as to their motives/intentions.
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 01:10 PM
Response to Reply #13
29. GOP is dedicated to moving nation to the right ... whatever they say ... that's clear ....
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Weird Liberal Head Donating Member (692 posts) Send PM | Profile | Ignore Mon Jun-06-11 09:39 AM
Response to Original message
17. It has indeed.
Great video Justin!!! :D
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L. Coyote Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 11:11 AM
Response to Original message
22. Capitalism is not the problem. Capitalism is the sum of indivdual economic decisions.
Meta-decisions by organizations of individuals regulate economic activity,
and that is exactly what is transpiring. What is wrong is plutocratic control
over instituted organization caused failures in the economy. A minority
acting in its own interests is the problem, not capitalism per se.
Labels are always simplifications and the term capitalism is a simplification.
Economics is too varied and complex to fit narrow characterizations.
Taken in sum, the economy is billions of human decision makers, a complex equation.

America, the instituted organization of 300 million people, has failed capitalism.
And not because of the 300 million, but because the millions are taxed
to support plutocratic socialism and the long yoke of indebtedness for wars.
Meanwhile, investment in education, energy development, literally in the future, shrinks.
Meta-decisions can alter this equation, and capitalism can build a new social order.
The sum of decisions matters, the decision makers matter, denigrating a label solves nothing.
Start by raising the minimum wage and hiring job seekers for public projects, like better schools.
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 01:14 PM
Response to Reply #22
30. We have government by gangsterism right now ... and capitalism was the opening for it ....
Edited on Mon Jun-06-11 01:15 PM by defendandprotect
Capitalism is a ridiculous "King-of-the-Hill" system intended to move the

wealth and natural resources of a nation from the many to the few --

and it is highly successful at doing that wherever it is put in place.


Unregulated capitalism is merely organized crime --

We need to move on to economic democracy if we want a democracy --

Capitalism is the very opposite of democracy.



As Michael Moore Says -- "Capitalism is an evil and you can't regulate an evil"



Patriarchy -- and its underpinning =

Organized patriarchal religion -- and its economic invention =

Capitalism =

The Unholy Trinity
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Populist_Prole Donating Member (774 posts) Send PM | Profile | Ignore Mon Jun-06-11 12:27 PM
Response to Original message
24. Stupendous summation of how I feel. Every word.
The passionate, rapid fire delivery really underscore what he says. Next time I have an argument with a rightie, I'm going blunt as well. If I have to lean forward and jab my finger at them as well, I will. Being nice doesn't cut it with these sociopaths.

Oh, and K & R.
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DeSwiss Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 12:33 PM
Response to Original message
25. Capitalism is CANCER. - K&R n/t
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penndragon69 Donating Member (409 posts) Send PM | Profile | Ignore Mon Jun-06-11 12:52 PM
Response to Original message
26. Fantastic Rant.
This young man needs to be calling in to the Mike Malloy program.
He and Mike would get along fantastically.
another truth seeker in training !
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SleeplessinSoCal Donating Member (710 posts) Send PM | Profile | Ignore Mon Jun-06-11 01:37 PM
Response to Original message
32. He got a few things wrong and that will hurt the argument - along with the cursing.
Edited on Mon Jun-06-11 01:44 PM by SleeplessinSoCal
He could add much more. Like: "Peter Diamond said on Sunday he planned to withdraw as a nominee for Federal Reserve governor...... The top Republican on the Senate Banking Committee, Richard Shelby, has criticized Diamond, saying he lacks monetary policy experience.

Diamond's withdrawal, a recognition that Republican objections could not be overcome despite three committee votes approving him, leaves the White House with two vacancies to fill on the seven-seat Fed board as the central bank debates what to do about a weak economy recovery after its $600 billion bond buying program ends this month.

Diamond's nomination fell victim to Republican score settling -- under Democratic control, the Senate in 2008 BLOCKED A NOMINEE OF REPUBLICAN PRESIDENT GEORGE W. BUSH."

As though Bush didn't have practically every little whim granted. The GOP opts for payback rather than fixing the economy while America disappears.

http://www.huffingtonpost.com/2011/06/06/peter-diamond-...
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 01:56 PM
Response to Reply #32
35. It is our Congress which should be setting economic policy -- not FED and private banks -- !!
That's the gist of the problem --

But agree that the rightwing is vengeful --

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txlibdem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 01:46 PM
Response to Original message
33. K&R
:patriot:

Capitalism and Money are the Antithesis of Democracy.
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msider Donating Member (51 posts) Send PM | Profile | Ignore Mon Jun-06-11 02:33 PM
Response to Original message
36. i think this guy
is my brother from another mother
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sheldon Donating Member (197 posts) Send PM | Profile | Ignore Mon Jun-06-11 02:34 PM
Response to Original message
37. Yeah, Brother!!!! I'm pissed too.
"it starts from the bottom up, not the top down, FUCK THAT SHIT!" <--- Exactly

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zentrum Donating Member (125 posts) Send PM | Profile | Ignore Mon Jun-06-11 03:52 PM
Response to Original message
38. Give him a
...radio show!!!
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MrMickeysMom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 04:12 PM
Response to Original message
41. I just became an EJ24 fan...
Big respect to you, Justin.

I'm trying by serving in local government, but it just doesn't seem to be enough. Too many fires to put out are come down to the home hearth, my friend.

You fucking rule the planet.
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JAnthony Donating Member (745 posts) Send PM | Profile | Ignore Mon Jun-06-11 04:36 PM
Response to Original message
42. Justin should go directly from Youtube fame to his own show on
CNN....replacing the idiots who think the story of Anthony Weiner's underwear is more important than what Weiner is investigating about Justice Thomas!

Let's get Justin a job after high school, for sure he's more qualified to be on a national "news" network than Sarah Palin or the other idiots they employ at Fox and CNN !!!
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JAnthony Donating Member (745 posts) Send PM | Profile | Ignore Mon Jun-06-11 05:22 PM
Response to Original message
43. If you folks reading this want to hear Justin LIVE now...go here!!!
http://www.ustream.tv/channel/wolf-propaganda

Here's the same link the way you see it if you are on Twitter...

(live at http://ustre.am/y1H5 )

Choose either link to the same place, PM me if the link doesn't work... 30 seconds of commercial pays for this free 2 hour internet show.
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alp227 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 06:25 PM
Response to Reply #43
45. it's weekdays 6-8pm eastern! n/t
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JAnthony Donating Member (745 posts) Send PM | Profile | Ignore Mon Jun-06-11 06:29 PM
Response to Reply #45
46. Thanks for that clarification..........people like me in the East Coast time just
assume everybody else is in the same time zone.

Half hour left on live now...as I post this


(live at http://ustre.am/y1H5 ) guy was 7 when Bush said "Mission Accomplished" listen here: (live at http://ustre.am/y1H5 )

Live radio on-line show from 6-8 PM EASTERN weeknights... this 17 year old guy has a Youtube Channel... but does 2 hours a night this summer between his junior and senior year....as left as anyone can be!

http://www.youtube.com/user/24EvelJustin24
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wundermaus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 06:51 PM
Response to Original message
47. I think I love this guy.
An articulate and accurate assessment of the current state of affairs.
Could not have said it better.
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fascisthunter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-06-11 07:14 PM
Response to Original message
48. brother, keep speaking!
I'm glad you are on our side.
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