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Posted on 4/2/20 at 10:20 pm to dawgfan24348
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oligarchy which one could make a case is what America is right now
America has corporatism which is far from capitalism.
Posted on 4/2/20 at 10:22 pm to dawgfan24348
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Capitalism isn't without its faults however. Left unregulated the country becomes an oligarchy which one could make a case is what America is right now
China isnt far from an oligarchy.
Russia isnt far from an oligarchy.
There are many forms of oligarchy
Posted on 4/2/20 at 10:26 pm to dawgfan24348
quote:
Left unregulated
Regulated in what way? Right to work? Income? What the frick do you want?
Just because you spend thousands and blow your parents money on a worthless degree, serving drinks, every night doesn’t mean ANYONE should give a shite about you.
quote:
which one could make a case is what America is right now
Just because the economy is succeeding and you’re not doesn’t mean it’s bad... you’re not doing something right.
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Posted on 4/2/20 at 10:29 pm to dawgfan24348
quote:
Capitalism isn't without its faults however. Left unregulated the country becomes an oligarchy which one could make a case is what America is right now
So many leftists equate capitalism with anarchism or libertarianism, but they all seem to be distinctly different things.
Can one be a capitalist that agrees with common sense regulations against fraud and graft and the million other laws against corruption and exploitation? I'm here to learn.
Posted on 4/2/20 at 10:46 pm to dawgfan24348
quote:
Left unregulated the country becomes an oligarchy which one could make a case is what America is right now
I agree with you.
Take the housing crisis for example.
First, politicians should have never created a clearinghouse for shitty mortgages and encourage shitty lending.
Second, banks should’ve never been able to sell their loans and divorce themselves from taking shitty risks.
Third, Wall Street should’ve never been allowed to buy these shitty loans and bundle them into shitty securities without the regulators knowing what was in them and the risk they involved
Fourth, the Fed should’ve never manipulated money rates to where banks didn’t have to worry about their actual return on their high risk loans.
Fifth, the govt should’ve never bailed out everyone that was involved with peddling these shitty loans. Instead they should’ve backed depositors whose banks played with their money.
Sixth, the execs and BODs of everyone involved should’ve been liable for the money everyone lost due to this whole fiasco.
BUT people that couldn’t pay we’re getting houses and everyone in the chain (ie Oligarchs) were making money so we allowed this house of cards to almost bankrupt our entire system and bailed out the offenders.
Posted on 4/3/20 at 9:01 am to dawgfan24348
quote:
Capitalism isn't without its faults however. Left unregulated the country becomes an oligarchy which one could make a case is what America is right now
That's exactly why America is.
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