Crisis Of Banking Capitalism - Visual Essay & Rebuttal

Video:  RSA Animate - Crisis of Financial Capitalism

Very interesting presentation - sort of mesmerizes you while you watch.

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Video:  Rebuttal to the above clip...

Comments

[Wil Martindale]

Perhaps since neither the swindlers, nor the policy makers on Capital Hill, have any idea what it means to earn wealth, they have more in common idealogically than the working class they both feel entitled to “take” from.

http://letthemfail.us/archives/6438

[DailyBail]

Now back to the revenue we “can’t afford not to take” from the Bush tax cuts. As I’ve argued before, there is far geater revenue to be taken from criminal banksters who ran Ponzi schemes, defrauded the public and committed swindles which have yet to meet justice. The judicial branch could prosecute these criminals and government could publicly eviscerate them, appropriating their ill-gotten wealth, and redistributing it back to their victims: homeowners and taxpayers.

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I agree Wil...though to be honest i don't really care about the bush tax cuts...repeal or not...means nothing to me...our problems are so much larger in scale...

[Boynton]

Hmm ..... There's something to be said about both arguments. I suppose that's why we're in this conundrum.

Let me introduce a sage observation by former astronaut/businessman, Frank Borman : "Capitalism without bankruptcy is like Christianity without hell."

However, what we've seen over the past several years in our capitalist systems is the SOCIALIZATION of losses (failure rewarded) while mighty gains paid to the finance capitalists during and after their latest financial debacle are not disgorged (failure gloriously rewarded).

Who has succeeded so well at hybridizing finance capitalism with corporate socialism? That's the real question that ordinary people want answered - Who has hijacked capitalism?

[James Street]

I don't mean to be mean or insulting but it's pretty well established that the "chattering classes" (thinking people, intellectuals) don't know that the world does NOT move forward (or backward) by the power of reason.

The world moves along, propelled mostly by irrational motives such of greed, fear, the lust for wealth and power and finally, after much suffering and humiliation, by the motor of vengeance which is clothed in lofty words like "freedom", "justice" and "equality."

We, the chattering people of reason who fight for the underdog, pushed by our outraged sense of justice need to become more realistic.

The banksters and other high criminals only laugh at moralizing outrage, no matter how well expressed. The only thing they respect (fear) is raw power which is usually meted out in heavy monetary fines and jail time.