Didn’t We All See This Coming? Information Clearinghouse

[go west young man]

The country is coming to conclusions that a year ago would be unthinkable. The current turmoil on Wall Street has convinced many Americans of something that has been said for years, but nobody really believed…entirely. That something was that lawyers and bankers cannot be trusted. The American people know by now that the advice is largely true, they can’t be trusted. Neither can politicians, stockbrokers and financial advisors. In fact, people are starting to realize the entire concept of capitalism can’t be trusted, not just for the average Joe, but for the entire country. Capitalism is not your friend; it never has been and will not be in the future. It will continue to feed the rich, in fact, more than just feed them, but it won’t help the average wage earner realize the American dream. That’s never what it was designed to do. It was put in place to insure that the rich got richer and that the not so rich would stay where they were and to be grateful they could feed their families.

This isn’t the first time that capitalism has failed. Every time it fails we use a form of temporary socialism to shore up the economy. When things start to return to normal, we give everything back to the capitalists. Why is that? Could it be that we have no choice?

Ever notice how people equate capitalism with belief in God and country? They defend capitalism as if any other kind of government will lead them into slavery. The truth is that capitalism is an express ticket into slavery. Still, for every worker that recites a story of abject horror, there is an example of how the shining example of individualism embodied in the dogma of “free enterprise” has lifted a poor person out of his or her misery into nirvana. Pulling yourself up from your bootstraps is another way of contributing to the myth that capitalism works for everyone. I would like to see the ratio of millionaires that inherited their wealth vs. those that made their own money. If it were true that people surmounted the difficulties of amassing wealth and that many had truly “made it on their own”, the empirical evidence would be touted from every capitalist media outlet to every citizen in the country, just to prove that “free enterprise” works, yet it just isn’t there.

http://informationclearinghouse.info/article22263.htm

[zbdent]

1. I'm sure you wouldn't see a study on the ratio of self-mades vs inheritors in

Forbes Magazine ...

and I wonder how many of those who claim that they're "self-made" really are?

[terisan]

2. Without heavy inheritance taxes we never can get a level playing field. nt

[burythehatchet]

3. Tax wealth instead of income and much will be fixed.

[digidigido]

4. but, but, that would be.... socialism

[burythehatchet]

5. damn straight!

:)

[Politicalboi]

6. Housing market and oil prices

Were all a facade and us taxpayers lost. This whole bailout is like Madoff's ponzi scheme.