https://wikileaks.org/clinton-emails/emailid/28972
Career politicians follow orders from super wealthy elites who only see the rest of world as their minions and servants. They own Clinton lock stock and barrel.
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To me it doesn't have to be either/or. There must be a third way- although at this point I think it's a little too late. My personal idea would be a limited form of capitalism. You work hard and better yourself- but at some point that's all you get. After that the profits will either go to good of the whole (through taxation) or to the workers. Some sort of hybrid of free enterprise and socialism. Seems like a grea theory to me. Everybody wins. I guess it is my vision of a utopian and egalitarian society.
The biggest problem as I see it would be how deconglomerate/redistribute- how to break up the big banks, big oil, big pharma, huge industrial farms, etc. I really don't think it's possible. Anti-trust laws have become almost non-existent.
The only hope I see to provide good paying jobs is through innovation, but then unless the laws are changed, these jobs would ultimately be exported to low wage nations.
Breaking up the too big to fail banks would be a step in the right direction, but obviously that is not going to happen as they are the ones calling the shots.
The Capitalist experiment is in its dying days. The conglomeration of America is nearly complete. The wealth has been concentrated to the top 1%. The middle class is in despair and many bills are coming due- unpayable pensions, exploding Medicare payments, crumbling infrastructure. I would not want to be the next president. To even want the job should indicate the need for a psych eval.
Walter,
But you just responded to Kelvin! ;-)
As you know it's always the right who must have someone to blame. In the case of Ning, it's you and me. You and I are the evildoers. If only we'd disappear everything would be fine. Just joking- they'd find someone else. No one will ever accuse them of being bipartisan or tolerant to other points of view.
Hi I was once a soldier in the Swiss Army but I got booted out because my mouth wouldn’t stop flapping
Greg, I would guess from all of his anti-gun posts that it was because he fears guns.
Actually both of you are wrong. When Bill Clinton was the president, he started the "everyone should be able to own a home" policy that created the loans that were based on "stated income", meaning you could make up your income.
When Bush got in office, he continued this policy.
Therefore both are guilty! Wallstreet just took it to the next level with their derivatives scheme.
Forced is a harsh word, but yes the government thought it was important that everyone should be able to live the American dream of owning a home. They changed laws to allow for stated income and other things like 100% loans so you did not need any money yourself.
The governments of Clinton and Bush both promoted this. This was covered by many financial news outlets including CNBC. Now, obviously what wallstreet did with the bad loans and package them as derivatives is another issue.
So in essence you had two problems. Bad loans because people were being approved for loans they should not. And, the derivate scheme of the bankers that sold these bundled bad loans and acted like they performed better.
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