Occupy Wall Street Crowd Blind to Benefits of Capitalism

I am posting this since so many liberals seem to hate capitalism and the free market

This is a great article and this class needs to be taught in every High School and College in America

 

I love capitalism. However, I think Wall Street and bankers are greedy individuals that have an unfair playing field to actual producers in this country. Wall Street doesn't produce anything, they simply figure out ways of taking money from productive people. Wall Street and the big banks need to be heavily regulated so they don't leverage our economy to death again.

 

Why does wall st. have to produce anything? That's not what they were created for.

 

So you want to take awy the capital investments that make the economy move? As far as the banks yea regulate them and watch the fees go up. credit tighten even more, and more investors refusing to take risk

Just want libs and Obama want

 

LOL. Your articale has more holes in it, than my heart.

Yes, because they didn't even know what electricity was.

That's easy. The greek philosphers who came up with this stuff, weren't a majority and most of the greek work would be lost to Europe during the Dark ages.

Aren't Cuba and North Korea facing economic sancations? And Zimbabwe has some serious inflation issues.

Yes how dare they have these things. Whip them because they're not poor enough.

HAHAHAHAHAHAHA!

We also see this in Mexico, where there was job creation, just that more wealth was going to the top, and the poor getting poorer. Then they had a revoultion around 1911. Lasted for awhile.

Hence why we have these things called predictions.

 

I never said they had to. I'm simply saying they don't and they suck money out of producing individuals and they do so with an unfair advantage with the banking system. The whole Wall Street game is done on paper and leverage. Which was more than apparent with the fact it came crashing down and needed the Fed and the Govt to pump over $2.7 trillion back in to the banks to prevent a complete collapse.

If you are fine with that, than more power to you. And when I speak of Wall Street I'm not talking about your grandma's pension plan, I'm talking about what the Wall Street firms do with each other and with other foreign banks.

 

The first argument that I would make -is Occupy Wall Stree is not just liberals-followed by a close second-liberals(me being one)do not hate capitalism-where are you getting that?
Third Just one question of many--Do you think the income disparity is fair?
Not that income disparity is the only issue (millions across the country) of voters are raising their voices-
If you then think that Occupy Wall Street protesters are all" liberals"- you are then admitting a landslide VICTORY for OBAMA in 2012. 99%vs 1%I for one am very happy that Occupy Wall-Street has changed the narrative-and that Washington GOP is now waking up and hearing voters voices- about some real issues-instead of ignoring the American people and doing nothing.

 

Survey have shown the OWS hippies are overwhelming liberal and back Obama. They rant about bailout to the banks but want their own bailout when it comes to their student loans

As far as income disparity - when has there not been an income disparity? I do not suffer from wealth envy and want to punish those who have been more successful then I have been

 

Grandma's pension plan, my 401k all this is part of Wall St. Its a lot more than just banks and they don't suck money out of anything, its in constant motion going from this place to that. Go buy some corn futures and forget to sell them and watch them appear on your doorstep when the time expires.

There's a lot more to Wall St. then you think.

 

Nice article!!!

Due to the progressive influence in the US "education" system students are fed misinformation as to how an economy functions.

The state will not relinquish power.

 

It is a great article and the Professor is one he** of a teacher

 

There's a lot more than you think also, lol. Like I said, I'm not talking about your grandma's pension plan.

 

Well if your issue is with the banks that's fine but don't lump in all of Wall St. with it. Companies that go public in order to get funds to increase their business is a good thing.

 

I'm not talking about what you or I do with Wall St. I'm talking about what Wall Street does with each other. And yes the giant banks are a major factor in Wall Street. The repeal of glass-steagal allowing depository banks to merge with investment banks changed everything. Wall St is a giant too big to fail organization that has a monopoly over the system. And they do it through leverage... they don't even use actual money. Derivatives, CDO's, credit default swaps, etc, etc... were all just paper passing.

They are simply money suckers and provide no incentive for people to produce. Who would want to be an engineer and work hard when you can become a hedge fund manager pushing buttons all day and making money off hard workers all the while paying bottom level taxes?

 

What caused the housing meltdown was NOT the "evil" banks but Dems who wanted to allow people with bad credit scores to get a mortgage

The banks are not the bad guys here - givernment is

 

Only in your head. In objective reality it was the banks and Wall Street that brought themselves down. But, I'm sure there isn't any amount of facts or data or logic that can ever get you to change your mind. So carry on!

 

Please not the date of this NY Times article

 

Lol, logical fallacy. If you want an in depth analysis of what caused the failure... here you go. It was a mixture of a lot of things and had little to do with the Govt forcing banks to become predatory lenders, lol.

http://fcic-static.law.stanford.edu/cdn_media/fcic-reports/fcic_final_report_conclusions.pdf

 

Oh, and how did Dems react when Pres Bush tried to reform Fannie and Freddie and avoid the meltdown?

Again note the date of the NY Times and their disapproval

 

None of that has to do with why the system collapsed, lol. Even Wall Street firms said that F&F had little to do with their destruction.

 

Not that you will care, but here are the Dems in their own words saying there was NO PROBLEM in the housing market

and attempts to reform Fannie and Freddie is because R's are RACIST!!!!!

[ame="http://www.youtube.com/watch?v=ebWJ892h5dA"]http://www.youtube.com/watch?v=ebWJ892h5dA[/ame]

 

It is utterly wrong.

We have more technology, yes. We have greater span of life. But all that is thanks to the technology. Not to the capitalism. We are living in a similar system than 1000 years ago. Where ones rule over the rest. Today are the capitalists, the new aristocracy, and they are the markets, it is banks, speculators...

We've not changed so much.

And the technological advances we could obtain the same or even more in other systems much more justs.

And about poverty, that is false. There is continuing living millions of people in extreme poverty in the world.

And, in many countries if people live well is thanks to the moderate capitalism, it means to the capitalism mixed with the socialism, for example the Nordic countries. But if you live the capitalism alone to rule, you will find poverty and inequality in extreme.

Capitalism is the best system for corporations to keep their power. Capitalism is an inequalitarian system that causes the poverty in the world, not the opposite.

 

That's not a cause. This guy stating that there wasn't a problem in the housing market did not cause the housing market to fail.

Read the actual report that has real details and not patched together anti-Govt hatred.

I understand the private sector to you is infallible and it's all the Govt's fault, lol.

 

Answer the question

Where would you want to be born knowing you would be the poorest person in the country at the time of your birth

Every lib at work I asked have said the US

Capitalism is the best economic model on the planet

 

You did not pay attention during the video. Libs, as always. played the race card and DENEID there was any problem

Here is more on the left denying ther was a problem

[ame="http://www.youtube.com/watch?v=cMnSp4qEXNM"]http://www.youtube.com/watch?v=cMnSp4qEXNM[/ame]