Vuk11 wrote on Oct 7
th, 2013 at 10:35pm:
Chimp_Logic wrote on Oct 7
th, 2013 at 9:18pm:
The top 1% became 30% richer post Global financial Crisis (between 2008 to 2011)
Interesting during a time of global collapse and lack of confidence not seen since the great depression, the top 1% actually became wealthier, whilst almost everybody else became poor, less secure, more indebted, or lost their jobs, their homes etc.,
That's what happens when you socialise risk and privatise profit in a Corporatised capitalist system. The states incur all the debt whilst the top end of town and corporate banking royalty (the very people who trigger these crashes) get bailed out and receive welfare courtesy of the tax payer.
So when you hear AUSTERITY measures or economic terms such as quantitative easing, WATCH OUT - the rich are coming to empty your pockets and funnel your retirement benefits
One must wonder whether these boom bust cycles are manufactured
The creation, exploitation and manipulation of bubbles is the creation of wealth today. It would be great if everyone was free to do that, however they have such increased control over specifically due to what you state above! I love also the point about the people that cause these issues are bailed out not the poor f*cks losing their home in direct causation to their actions!
Nice post btw.
....well it's often referred to as corporate socialism/welfare.
I recall stumbling on a quote, saying that there were 3 major forms of fascism to emerge from the 20th century. Bolshevism, nazism and corporatism.
Capitalism is often coupled with democracy. A totally fabricated association used for propaganda purposes. Just to give you an example. The USA is a corporately run pseudo capitalist system, whilst china is a state run pseudo capitalist system. Both are totalitarian in essence and anti democratic. Both rely on propaganda, fear and force to protect the Corpocracy and tyranny that enslaves its population.
Democracy is an Ancient Greek concept. It comes from the words demos (citizen) and kratia (state), that is the state is controlled by the citizenry. I can't see that in china or in the USA. Or in Australia or Greece for that matter.
A very good recent book on corporatism is by an American author
Gary Brumback, "the devils marriage: break up the Corpocracy or leave democracy in the lurch"
It highlights that the USA has had 5 major non democratic corpocratic periods since its inception in the 1770s.
He describes the current Corpocracy in the USA as the most pervasive and difficult to over throw.
Fascism always falls over, thankfully, but not before it creates a lot of damage and human carnage.
The ingenious part of these fascist corpocracies is that most of the enslaved citizenry actually believe they are free and live in a democracy. They can't see the chains. They can't see the bars on their windows.
But eventually enough of them wake up, enough of them take back what was taken from them.
That will happen in the USA, most likely in our life times