"We meet in the midst of a nation brought to the verge of moral, political, and material ruin. Corruption dominates the ballot-box, the Legislatures, the Congress, and touches even the ermine of the bench. The people are demoralized. … The
newspapers are largely subsidized or muzzled, public opinion silenced,
business prostrated, homes covered with mortgages, labor impoverished,
and the land concentrating in the hands of capitalists. The urban
workmen are denied the right to organize for self-protection, imported
pauperized labor beats down their wages. … The fruits of the toil of
millions are boldly stolen to build up colossal fortunes for a few,
unprecedented in the history of mankind, and the possessors of these, in
turn, despise the Republic and endanger liberty. From the same prolific
womb of governmental injustice we breed the two great classes—tramps
and millionaires." - 1892 Populist Party Platform
WOW - just...wow.
WOW - just...wow.
I have no problem with
someone who earns millions (or billions) off of creating a successful
business that employs people and offers a useful product that is desired
by consumers.
What I have a problem with is the criminal element play casino games on Wall Street with OUR retirement money and mortgages and being forced via government to buy from businesses. That is not a sustainable economic system.
I firmly believe the best economic system would be a milder form of capitalism. Unchecked capitalism tends to create the situation we saw in the late 19th century with horrible working conditions, horrible pay and the creation of cartels or, in some cases, monopolies. The concessions unions and the middle class won in the early 20th century have been transformed into a crony capitalism where, in many cases, not only government and business work together (fascism) but union leaders collude with the two parties as well!
What I have a problem with is the criminal element play casino games on Wall Street with OUR retirement money and mortgages and being forced via government to buy from businesses. That is not a sustainable economic system.
I firmly believe the best economic system would be a milder form of capitalism. Unchecked capitalism tends to create the situation we saw in the late 19th century with horrible working conditions, horrible pay and the creation of cartels or, in some cases, monopolies. The concessions unions and the middle class won in the early 20th century have been transformed into a crony capitalism where, in many cases, not only government and business work together (fascism) but union leaders collude with the two parties as well!
We're never going to see any
solid economic improvements until the Federal Reserve is abolished.
Yes, we had problems beforehand (see my comments above), but the Fed has
exacerbated these problems and caused new ones that will not go away in
a fiat-based monetary system.
When $1 is printed by the Fed, more than $1 is owed back to them via interest. It is impossible to pay off all of "our" loans because of this.
When $1 is printed by the Fed, more than $1 is owed back to them via interest. It is impossible to pay off all of "our" loans because of this.
No comments:
Post a Comment