Pelosi says capitalism has not served the U.S. economy

T. A. Gardner said:
If that is true, it still doesn't explain how to rectify it. It certainly won't happen if you try to do it through taxation and redistribution. That just concentrates more wealth in the hands of government who is long proven the most inept investor you can find.
Click to expand...

The concentration of wealth in the hands of the few has led to what fools like you seem to fear, wage suppression, and an autocracy. The support by the right wing for unpaid for wars, and unpaid for tax cuts for the wealthy with their presumed "trickle down" benefits, has led no where. And the constant ranting of the right with their lies about "redistribution" has never stopped them from redistributing the wealth to the 1%. It has only created more poverty, and hopelessness.
 
Old Trapper said:
The concentration of wealth in the hands of the few has led to what fools like you seem to fear, wage suppression, and an autocracy. The support by the right wing for unpaid for wars, and unpaid for tax cuts for the wealthy with their presumed "trickle down" benefits, has led no where. And the constant ranting of the right with their lies about "redistribution" has never stopped them from redistributing the wealth to the 1%. It has only created more poverty, and hopelessness.
Click to expand...

You are describing Democrats.
 
Old Trapper said:
The concentration of wealth in the hands of the few has led to what fools like you seem to fear, wage suppression, and an autocracy. The support by the right wing for unpaid for wars, and unpaid for tax cuts for the wealthy with their presumed "trickle down" benefits, has led no where. And the constant ranting of the right with their lies about "redistribution" has never stopped them from redistributing the wealth to the 1%. It has only created more poverty, and hopelessness.
Click to expand...

I always post this when this subject comes up because it is spot on!

The Middle Class is not “Normal”

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation's middle class. Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, "middle" class of professionals and mercantilists - doctor, lawyers, shop-owners - who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people - typically over 90 percent of the population - who make up the working poor. They have no wealth - in fact they're typically in debt most of their lives - and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America. When we had heavily regulated and taxed capitalism in the post-war era, the largest employer in America was General Motors, and they paid working people what would be, in today's dollars, about $50 an hour with benefits. Reagan began deregulating and cutting taxes on capitalism in 1981, and today, with more classical "raw capitalism," what we call "Reaganomics," or "supply side economics," our nation's largest employer is WalMart and they pay around $10 an hour.
Click to expand...

Read on at...https://www.thomhartmann.com/blog/2014/04/middle-class-not-“normal”
 
Old Trapper said:
The concentration of wealth in the hands of the few has led to what fools like you seem to fear, wage suppression, and an autocracy. The support by the right wing for unpaid for wars, and unpaid for tax cuts for the wealthy with their presumed "trickle down" benefits, has led no where. And the constant ranting of the right with their lies about "redistribution" has never stopped them from redistributing the wealth to the 1%. It has only created more poverty, and hopelessness.
Click to expand...

You conflate the Rich with government here. All of the things you list are things that happen with a powerful and unaccountable central government, not a slice of rich individuals within a nation.
 
Cinnabar said:
I always post this when this subject comes up because it is spot on!

Read on at...https://www.thomhartmann.com/blog/2014/04/middle-class-not-“normal”
Click to expand...

Hartmann is wrong. Why the US has had a large middle class for most of its history is we have been an ownership society. That is, most people in the US owned property and other real wealth regardless of the inequality in amount with the filthy rich. A large middle class isn't created by a good wage alone. They need to be owners, not tenants or renters.

This was the mistake many of the so-called robber barons made in assuming they could be the paternalistic substitute for ownership. For example, the Pullman coach company built really magnificent towns for their workers who got paid a good wage for the era. But there were strict rules and the workers were renters not owners. Over time the more frugal and careful workers managed to save the cash to buy their own home and such outside of the worker town. That created resentment among those left behind. This culminated in the first general strike in America history. This was so bad, the US Army was sent in to put it down.

You want to wreck the middle class and create the most disparity in wealth? Turn owners into renters. The Left's own economists advocate for this, like Naomi Klein.

https://naomiklein.org/disowned-ownership-society/
 
T. A. Gardner said:
You conflate the Rich with government here. All of the things you list are things that happen with a powerful and unaccountable central government, not a slice of rich individuals within a nation.
Click to expand...

Do you even have a clue as to what an Autocracy is? And who do you think controls the government today? The poor? Maybe the homeless? Or is it rich donors?
 
Old Trapper said:
Do you even have a clue as to what an Autocracy is? And who do you think controls the government today? The poor? Maybe the homeless? Or is it rich donors?
Click to expand...

Politicians control the government. The filthy rich can only influence politicians, unless of course, the politicians--like say Nancy Pelosi--are the filthy rich...
 
BidenPresident said:
LONDON — For some, the economic philosophy of capitalism is synonymous with America.

But the concept is in urgent need of being improved and has not served the U.S. economy as well as it could have, House Speaker Nancy Pelosi (D-Calif.) told an audience in London on Friday.

“In America, capitalism is our system, it is our economic system, but it has not served our economy as well as it should,” she told guests attending an event at the international affairs think tank Chatham House. “So what we want to do is not depart from that, but to improve it and to make sure that it serves us.”

https://www.washingtonpost.com/politics/2021/09/17/nancy-pelosi-capitalism/
Click to expand...

Actually giving the lawlessly hacked in tyrant tRump and the stench and trash of his un American insurgency the boot is what saved the U.S. economy in particular.
 
T. A. Gardner said:
Hartmann is wrong. Why the US has had a large middle class for most of its history is we have been an ownership society. That is, most people in the US owned property and other real wealth regardless of the inequality in amount with the filthy rich. A large middle class isn't created by a good wage alone. They need to be owners, not tenants or renters.

You want to wreck the middle class and create the most disparity in wealth? Turn owners into renters. The Left's own economists advocate for this, like Naomi Klein.

https://naomiklein.org/disowned-ownership-society/
Click to expand...

Kind of hard to be an "owner" when one is not paid enough to put food on the table. But hey, since your gawd trump was elected your !% saw a 3 trillion dollar increase in their wealth. Homelessness has increased, Wages are still suppress. Food insecurity is on the increase. Healthcare is a joke for millions. And still your right wing masters oppose providing for the less fortunate in favor of giving to the 1%. The middle class has borne the burden of the country ever since Reagan and his war on unions, and then Bush with his recession. These actions destroyed the "ownership society" that Klein speaks of.

There is a reason that people are not going back to work now until they see a higher wage. Just one benefit of the pandemic.
 
Nordberg said:
Why? you would think you would suck up to the wealthy. Sometimes insiders see the problems more clearly and have an idea of how to fix them. Capitalism can work if heavily regulated. The founders chartered corporations. if they did things against the public good they could lose the ability to operate.
You are being illogical.
Click to expand...

Pelosi and her husband would not be worth millions if it were regulated, 401ks would be shit, can't have it both ways
 
T. A. Gardner said:
Politicians control the government. The filthy rich can only influence politicians, unless of course, the politicians--like say Nancy Pelosi--are the filthy rich...
Click to expand...

Or like trump, or McConnell who has made millions as a Senator. Pelosi came by hers honestly, and through her husband, not dishonestly through deceit, and theft. And "influence" means control.
 
Old Trapper said:
Or like trump, or McConnell who has made millions as a Senator. Pelosi came by hers honestly, and through her husband, not dishonestly through deceit, and theft. And "influence" means control.
Click to expand...

No she is just as dishonest as the rest. For example years ago she created a carve out for a tuna cannery her husband owned in American Samoa allowing it to continue to pay below minimum wage to workers.
https://www.nationalreview.com/media-blog/nancy-pelosi-corruption-she-should-know-tom-gross/

Or, the dozens of stock trades her husband has done right before congress passed something that would cause those stocks to either gain or lose significantly...
https://patriotedition.com/pelosi-drags-her-family-into-her-corruption-scandals/

He also benefited and was one of the first in line for subsidies for a business in the COVID bailouts that occurred. Of course, this time he was hardly the only person close to or even a politician in Dirty City to get a bailout before the rest of us...
https://apnews.com/article/californ...a-state-wire-941b1b6d499d878bb386fffa3026c759

Pelosi is thoroughly corrupt and even somewhat possibly a criminal in her dealings over the years.
 
T. A. Gardner said:
No she is just as dishonest as the rest. For example years ago she created a carve out for a tuna cannery her husband owned in American Samoa allowing it to continue to pay below minimum wage to workers.
https://www.nationalreview.com/media-blog/nancy-pelosi-corruption-she-should-know-tom-gross/

Or, the dozens of stock trades her husband has done right before congress passed something that would cause those stocks to either gain or lose significantly...
https://patriotedition.com/pelosi-drags-her-family-into-her-corruption-scandals/

He also benefited and was one of the first in line for subsidies for a business in the COVID bailouts that occurred. Of course, this time he was hardly the only person close to or even a politician in Dirty City to get a bailout before the rest of us...
https://apnews.com/article/californ...a-state-wire-941b1b6d499d878bb386fffa3026c759

Pelosi is thoroughly corrupt and even somewhat possibly a criminal in her dealings over the years.
Click to expand...

And that justifies thieves like trump, and McConnell how?

https://washingtonmonthly.com/magazine/january-february-march-2018/commander-in-thief/

https://www.salon.com/2019/06/12/mi...ion-is-this-what-normal-looks-like-joe-biden/
 
Last edited:
You must log in or register to reply here.
Back
Top