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

[T. A. Gardner]

Marx was right that workers get exploited. Seems obvious.

Maybe to an oblivious idiot. As the Industrial revolution progressed, workers became less and less exploited. Sure, basic labor (eg., "Strong backs, weak minds") were exploited and are even today, but that's because they don't have specific skills or intrinsic abilities that make them valuable. It's also why unions, outside of bottom end labor unions have been in dramatic decline. There is no need for a union and solidarity if the employer is treating employees halfway decently.

Today, as we get near a century into the Electronics revolution, basic labor is no longer a necessity in many areas of the economy. That's accelerating too. What that is resulting in is an increasing surplus of worthless low end workers who can't perform more complex jobs while the simple work they used to perform is now mechanized and computerized.

Giving this group handouts, even generous handouts, won't fix social problems. It didn't in the Industrial age either.

Do I have a solution? Not really. I can identify the issue, but really don't have a good answer for it. I do know from history that a generous social-welfare state won't fix the problem and in most cases will only exacerbate it.

 

[BidenPresident]

Maybe to an oblivious idiot.

Fuck you.

 

[BidenPresident]

Maybe to an oblivious idiot.

Fuck you.

 

[Hawkeye10]

Fuck you.

Says the known liar.

 

[gemini104104]

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/

So what has served America because the treasonous ways of repukes at having tRump giving trillion dollar tax breaks to their corrupt and greedy buddies, while giving the working and middle class taxpayer the shaft? Yet as a result of the majority giving the GQP and Putin's lawlessly hack in tRump gutter insurgency the boot, the following has happened in order to mitigate that atrocity:

US economy accelerated at a robust 6.4% rate last quarter on stimulus
US economy grew at a brisk 6.4 per cent annual rate last quarter a show of strength fuelled by government aid and declining viral cases that could drive further gains

Powered by consumers, the US economy grew at a brisk 6.4 per cent annual rate last quarter a show of strength fuelled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession.

Thursday's report from the Commerce Department estimated that the nation's gross domestic product its total output of goods and services accelerated in the January-March quarter from a 4.3 per cent annual gain in the final quarter of 2020.

Growth in the current April-June period is expected to be faster still, potentially reaching a 10 per cent annual pace or more, led by an increase in people willing and able to travel, shop, dine out and otherwise resume their spending habits.

Economists say that widespread vaccinations, the reopening of more businesses, a huge infusion of federal spending and healthy job gains should help sustain steady growth. For 2021 as a whole, they expect the economy to expand close to 7 per cent, which would mark the fastest calendar-year growth since 1984."

https://www.business-standard.com/a...-last-quarter-on-stimulus-121042901213_1.html

 

[Hawkeye10]

So what has served America because the treasonous ways of repukes at having tRump giving trillion dollar tax breaks to their corrupt and greedy buddies, while giving the working and middle class taxpayer the shaft?

Trump has zero power.

Stop with the excuse making.

 

[gemini104104]

Trump has zero power.

Stop with the excuse making.

Your bitch ass tRump, in particular, deserves zero power in prison too for no less than 20 years as a result of his squalid high treason and crimes against humanity, etc. Also there is no excuse at giving tRump a free pass who deserves to be in prison or other serious Constitutional punishments guidelines when it comes to the penalties of treason. This in particular, at conspiring with his GQPers to covid enable the murder of over 600,000 Americans and conspiring to engage in a 1/6 insurrection, etc, and also I don't give a rat's hide what you say. So go right ahead and kiss the devil's ass for all I care, and how's about that?

 

[Hawkeye10]

Agreed and tRump, in particular, deserves zero power in prison too for no less than 20 years as a result of his squalid high treason and crimes against humanity, etc.

I feel fairly certain that you dont have kids, because if you had kids you would almost certainly maange to be better.

LIAR.

 

[gemini104104]

I feel fairly certain that you dont have kids, because if you had kids you would almost certainly maange to be better.

LIAR.

Actually, I hope you don't pass your less than acceptable type of grammar on your own kids if you have any. You appear to be a flip flopping idiot and a fool.

 

[Hawkeye10]

Actually, I hope you don't pass your less than acceptable type of grammar on your own kids if you have any.

Your non responsiveness is noted on your permantent record.

 

[Hawkeye10]

Actually, I hope you don't pass your less than acceptable type of grammar on your own kids if you have any.

Of course you have not the first fucking clue what matters.

Get Bent.

 

[gemini104104]

Of course you have not the first fucking clue what matters.

Get Bent.

Deal with the reality as in the following and stop farting out useless trolling nonsense:

The U.S. will remain richer than China for the next 50 years or more, says economist

The U.S. will remain wealthier than China — measured by GDP per capita — for at least the next 50 years, said Simon Baptist, global chief economist at the Economist Intelligence Unit.
His comment followed Joe Biden’s first official press conference since taking office, during which the U.S. president said he will not let China become “the leading country” globally.
The latest available data by the International Monetary Fund showed China’s GDP per capita was forecast to be $10,582.10 last year, roughly six times smaller than $63,051.40 in the U.S."

https://www.cnbc.com/2021/03/26/us-...-china-for-the-next-50-years-or-more-eiu.html

 

[martin]

Misleading thread title. She said it hasn't served "as well as it should". Agreed. The country was built on free enterprise, made us the richest, most advanced society on the planet. Sadly, the public share of those riches has diminished in recent decades while the private share has lost all balance, causing our infrastructure to crumble and creating huge gaps in wealth. So, yes, lately capitalism has not served us as well as it should.

 

[anatta]

Misleading thread title. She said it hasn't served "as well as it should". Agreed. The country was built on free enterprise, made us the richest, most advanced society on the planet. Sadly, the public share of those riches has diminished in recent decades while the private share has lost all balance, causing our infrastructure to crumble and creating huge gaps in wealth. So, yes, lately capitalism has not served us as well as it should.

such crap. we have scads of tax monies for infrastructure but we blow it on social programs and waste
The Congress is wasteful and profligate. It's not the fault of capitalism. capitalism made us the richest nation in the world until da government squandered trillion after trillions

 

[Lao Tse]

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/

Globalization is the problem. Not capitalism.

Capitalism would serve us just fine if we stopped outsourcing and offshoring.

 

[PostmodernProphet]

“You cannot have a system where the success of some springs from the exploitation of the workers and springs from the exploitation of the environment and the rest, and we have to correct that,” she said.

sounds like she is exploiting the ignorance of the proletariat......

 

[PostmodernProphet]

I think it is. Landowners and wealthy.

what a horrible world.......people can own land and possess wealth.....

 

[PostmodernProphet]

Marx was right that workers get exploited. Seems obvious.

yes, Karl.....paying someone wages in exchange for their time is obviously exploitation....

 

[PostmodernProphet]

Trump has zero power.

I wouldn't go that far.......he can still make most lib'ruls quiver.........

 

[Earl]

Misleading thread title. She said it hasn't served "as well as it should". Agreed. The country was built on free enterprise, made us the richest, most advanced society on the planet. Sadly, the public share of those riches has diminished in recent decades while the private share has lost all balance, causing our infrastructure to crumble and creating huge gaps in wealth. So, yes, lately capitalism has not served us as well as it should.

Then leave. Head on down to Venezuela where Socialism has produced a country where it’s citizens are starving...leaving their country to find food.