I drink your milkshake! a metaphor for capitalism
- Thread starter rickyb
- Start date
my guys arent black bloc. he is black bloc and he bleeds black after he fell too.
my guys dont believe in violence like these guys do, its a different faction. they dont like chris hedges very much.
James Talarico
@jamestalarico
·
23h
3 years ago I almost slipped into a coma and died. I was diagnosed with type 1 diabetes. I paid $684 for my first 30-day supply of insulin. Some pay $1000+ a month. Many die without it. Today I introduced legislation to cap the price of insulin at $50 a month. #txlege
DriveInDriveOut
Inordinately Right
Thanks Obama
it was probably horrendous before him. you guys have the most expensive healthcare in the world but only average outcomes.
DriveInDriveOut
Inordinately Right
You're welcome.
Everything that made industrial capitalism rich, everything that made America so strong on the 19th century, through its protective tariffs, through its public infrastructure investment all the way down through world war two and the aftermath, was that we had a mixed economy in America. Europe also had a mixed economy, and in fact, every economy since Babylon has had a mixed economy.
But in America you’ve had something entirely different (since 1980). Something that was not foreseen by anybody, because it seemed to be so disruptive: namely, the financial sector saying, “We need liberty – for ourselves, from government.” By “liberty” they meant taking planning and subsidy, economic and tax policy, out of the hands of government and put into the hands of Wall Street. The result was libertarianism as a “free market.” In the form of a centralized economy that is concentrated in the hands of the financial centers – Wall Street, the City of London, the Paris Bourse. What you’re having today is an attempt by the financial sector to take on the role that the landlord class had in Europe, from feudal times through the 19th century. It’s a kind of resurgence of feudalism.
If you look at the last 200 years of economic theory from Adam Smith and Marx, onward, everybody expected a mixed economy to become more and more productive, and to free itself from the landlords – and also to free itself from banking. The expectation was to make land a public utility, the tax base, and to make finance basically something public. Government would decide who gets the funding. hus, the idea of finance in the public sector was going to be pretty much what it is in China: You create a bank credit in order to finance capital investment in factories. It means the production of machinery, agricultural modernization, transport infrastructure of high-speed trains, ports and all of that.
But in the United States and England, you have finance becoming something completely different. Banks don’t lend money to build factories. They don’t create money to make means of production. They make money to take over existing assets. Some 80% of bank loans are mortgage loans to transfer the ownership of real estate.
But of course, that’s what created a middle class in the United States. The middle class was able to buy its own housing. It didn’t have to pay rent to landlords or absentee owners, or to warlords and their descendants as in England and Europe. They could buy their own homes. What nobody realized is that if you borrowed the money to take a mortgage, there’s still an economic rental value. Most of it is no longer paid to the landlords. It’s paid to the banks. And so in America and Europe, the banks now play the role that landlords played a hundred years ago.
Just as landlords are trying to do everything they could through the House of Lords in England and the upper houses of government in Europe, they’re trying to block any kind of democratic government. The fight really is against government that would do anything that is not controlled by the 1%, and by the banks. Essentially, the merger between Finance, Insurance and Real Estate – the FIRE sector. So, you have a relapse of capitalism in the West back into feudalism, but feudalism with a financialized twist much more than in medieval times.
michael-hudson.com
@El Correcto
But in America you’ve had something entirely different (since 1980). Something that was not foreseen by anybody, because it seemed to be so disruptive: namely, the financial sector saying, “We need liberty – for ourselves, from government.” By “liberty” they meant taking planning and subsidy, economic and tax policy, out of the hands of government and put into the hands of Wall Street. The result was libertarianism as a “free market.” In the form of a centralized economy that is concentrated in the hands of the financial centers – Wall Street, the City of London, the Paris Bourse. What you’re having today is an attempt by the financial sector to take on the role that the landlord class had in Europe, from feudal times through the 19th century. It’s a kind of resurgence of feudalism.
If you look at the last 200 years of economic theory from Adam Smith and Marx, onward, everybody expected a mixed economy to become more and more productive, and to free itself from the landlords – and also to free itself from banking. The expectation was to make land a public utility, the tax base, and to make finance basically something public. Government would decide who gets the funding. hus, the idea of finance in the public sector was going to be pretty much what it is in China: You create a bank credit in order to finance capital investment in factories. It means the production of machinery, agricultural modernization, transport infrastructure of high-speed trains, ports and all of that.
But in the United States and England, you have finance becoming something completely different. Banks don’t lend money to build factories. They don’t create money to make means of production. They make money to take over existing assets. Some 80% of bank loans are mortgage loans to transfer the ownership of real estate.
But of course, that’s what created a middle class in the United States. The middle class was able to buy its own housing. It didn’t have to pay rent to landlords or absentee owners, or to warlords and their descendants as in England and Europe. They could buy their own homes. What nobody realized is that if you borrowed the money to take a mortgage, there’s still an economic rental value. Most of it is no longer paid to the landlords. It’s paid to the banks. And so in America and Europe, the banks now play the role that landlords played a hundred years ago.
Just as landlords are trying to do everything they could through the House of Lords in England and the upper houses of government in Europe, they’re trying to block any kind of democratic government. The fight really is against government that would do anything that is not controlled by the 1%, and by the banks. Essentially, the merger between Finance, Insurance and Real Estate – the FIRE sector. So, you have a relapse of capitalism in the West back into feudalism, but feudalism with a financialized twist much more than in medieval times.
What Flavour Oligarchy? | Michael Hudson
#post_contentHudson in discussion with Pepe Escobar on the geo-political landscape, through the lense of rentier economics. The agenda of the 1% under deep analysis.
@El Correcto
there was a there was a mass shooting at a FedEx facility in America and capitalism centralizes power into a few hands and eventually power corrupts the people who have it and it also leads to Injustice and inequality of treatment of people I've witnessed this that many jobs. capitalism also uses divide-and-conquer tactics to distract people from capitalism itself so you can have workers fighting workers or different races fighting each other. So all of these things can lead to overreactions of mass shootings
i was thinking about that guy who massacred his coworkers at fedex.
so with capitalism it centralizes power into few hands, and that power corrupts quite often. so supervisors will abuse workers and this will make workers mad. but its also monkey see monkey do because you will have worker copying the supervisors and abusing other workers.
so with capitalism it centralizes power into few hands, and that power corrupts quite often. so supervisors will abuse workers and this will make workers mad. but its also monkey see monkey do because you will have worker copying the supervisors and abusing other workers.
El Correcto
god is dead
These people are nothing like the antifa movements of Europe. Those were hardened WW1 vets used to trench warfare. Case in point.
“Personally I’m Jewish, a trans woman and queer and those are all related”
-random dip
larping as Antifa.One rifle and these people run home.
Or even the american communists who got fdr to say his greatest achievement was he saved capitalism. they got fdr to create social security, welfare, min wage, and the govt hired 10% of the population
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