The economy in the United States is in a collapse.  The Capitalist system does not work anymore; banks have become more powerful than our politicians.  The government now has a policy based around Fear and Greed.  The rich are getting richer and more powerful, while the great masses of America wallow in poverty.

Must we continue to exist in this passive state, only living to serve the rich and powerful?  Or do we, the great masses, stand up against the policies Fear, and Greed, and God?  We must break the bonds that separate us, we must pull down the centers of Greed and Fear and we must pull down the houses of God.  These borders are created to separate us into individuals where we can be controlled easier.

We must stand up, against the tyranny of the centers of Greed, and Fear, and God.  Quoting John Adams:  "People should not fear government, government should fear people."  Once we stand up to Fear, to Greed, to God, we will become united!

This being said, I advocate the collapse of the Capitalist system and the foundation of the United Socialist Federal Republic, in which the government will exist to serve the people.  Capitalism is Dead.  We must put it out of it's misery and move on toward Socialism.

Tags: Federal, Republic?, Socialist, The, United

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An economist I am not but reading your comments I can only assume you are quite certain you think you have been put in possession of the "truth " by your "econ 101" professor.

"Corporations are great for the USA. Wal-Mart for instance provides almost 2 million jobs and keeps down inflation rates better than the fed."

To hold up wal-mart or the fed as a positive example for anything makes it painfully obvious you've been drinking the koolaid........."Dude"

Frightening truly frightening.
Free markets always fail since they are not free at all. If you don't know this then you need to go and and educate yourself on economics.

Have you really been sucked into the anti socialist propaganda that deeply?
You will be back in church before you know it.
What happened was that the feds were bullying corporations into making loans to people who could not pay them back

That is only a very small part of what happened. To blame the economic collapse on that in any significant way is naive. Homeowners weren't selling their sub-prime mortgages up the chain of banks and investors as A rated investments and neither was the government. That was greed. And what about credit default swaps?
Spare us the GOP talking points.

The mortgage crisis was not caused by the govt pushing low-income housing or Fannie and Freddie. It was private label mortgage securitizers that moved into the subprime market aggressively in the mid-2000s while the GSEs were moving out. Only after the market collapsed in 2007 were Fannie and Freddie pushed to fill the gap left when banks stopped lending.

It certainly was not a failure of socialism, but rather one of regulation, or lack thereof. It was a combination of a good old-fashioned property bubble, coupled with modern securitization practices that allow banks to pass along credit risk of mortgages to investors, giving lenders an incentive to lower credit standards; a failure of risk management models to accurately price default risk of these complex securities; a system that has rating agencies paid by issuers, setting up a conflict of interest, where they will give unrealistically favorable ratings to clients who pay for it; and finally, lax regulation (at the state level) of mortgage brokers, that allowed them to engage in fraudulent practices to increase their flow and thus commissions. None of this had anything to do with socialism.

The stimulus has only "failed" in the sense that it didn't go far enough. Certainly it prevented jobs losses from being higher than they would've been otherwise, but it was way too small to get the job done. Obama either misjudged what size would be needed, or made a poor political judgment, thinking that a larger bill could not have passed.

The stimulus failed to lower employment more than it did for the following reasons:
1. It was too small.
2. Much of it (about half) was in the form of tax cuts, which are a very inefficient form of stimulus, because the purpose of a stimulus is to increase the money in circulation, but when there is a tax cut some of the money (most of it for the more well off) will be saved instead of spent.
3. While the Federal government was increasing spending, states were cutting back, generally due to statutory limits on their ability to run deficits. Thus overall government spending didn't increase by that much.
4. Much of the stimulus (e.g., for construction projects) hasn't even been spent yet.

The classic example of a stimulus that succeeded was the govt's spending during WWII (30% of GNP) that ended the Great Depression. And spending on armaments is just about the most inefficient use of resources imaginable.
Impressive, Malcolm. Not often I find that lay people understand what happened and is happening in the economy (if I hear one more person complain about the handling of the recession by saying "you can't spend yourself out of debt", I will scream).

I'd add one more reason to your list to explain the slow, jobless recovery: employers have been getting equal productivity out of less employees and are also hesitant to add to payrolls until confidence in the recovery is higher. Plus, keeping payroll down is an effective way of boosting short term stock which keeps shareholders happy.
I think the current system sucks all kind of ass, myself. However, I also don't think the current system is true capitalism. If it were, nothing would be illegal. As it stands drugs, prostitution, certain kinds of pornography, etc. are not legal. Yet all of those things are thriving black markets. If true, unfettered capitalism were allowed to flourish, then we might be living in a very different country. There again, with an unadulterated form of capitalism, regulation would not occur, so there goes your protections for both the seller and the buyer. All I know is that if the answer were as simple as instituting one form of government, then it would already have been done by now.
The only reason the things you listed are illegal is because its more profitable that way. Thriving black markets don't have to consider health and safety, insurance or any other government imposed rules, so they become much more profitable than their counterparts.Do you seriously think that you live under anything but capitalism?
I stand by my assessment. What I see in this country is that the smallest group of the richest people are held up by the largest group of the poorest people. That's not capitalism, that's the ultimate pyramid scheme. The United States of America is absolutely, unequivocally NOT a purely capitalist country. In a capitalist system, there is no such thing as bank bail out, a Wall Street bail out, too big to fail, corporate welfare, food stamps, public housing... in short, there is no government assistance to anybody - period. As soon as you enter regulation, safeguards, laws, or assistance of any kind to any person into the picture, then you are not practicing capitalism, because any form of help is socialist in nature. When poor people get food stamps or housing assistance, they didn't earn those by freely buying and selling. When rich people find tax loopholes to climb through or avoid penalties by cooking the books, they didn't earn those by freely buying or selling either. But in this country, socialism is a dirty word, so we do socialist things all the time and we just call ourselves capitalists. I don't have to be for or against capitalism or for or against socialism to make these assessments, I just have to call it as I see it. And as I see it - the very poor and the very rich live more under aspects of socialism than they do capitalism.
The United States of America is absolutely, unequivocally NOT a purely capitalist country. In a capitalist system

I think most, if not all, people can and would agree that this is the case. "Purely" being the operative word.
I have been very interested in a different alternative for some time now. The alternative of a Resource Based Economy as advocated by the Zeitgeist Movement.
http://www.thezeitgeistmovement.com
The reason this appeals to me is because it eliminates the need for power and money. It focuses on human well being both mental and physical. This means no religion and all mental problems such as self esteem issues which lead to the desire for power would be eliminated.
Of course the only way this could work is government through Artificial Intelligence.
At least at first anyway.
Since every other way we try, including socialism seems to end up being controlled by the corrupt and power hungry, taking control away from humanity and handing it over to logical incorruptible artificial intelligence seems like the answer. It certainly could not be any worse than what we have now.

I know .. We've all seen Terminator. But could that be any worse than George Bush?
Lets look at this so called Gods Country, and how Gods people work.
First The Christians came over with missionaries and tried to convert the American Indian.......and teach him how to farm , so they could enslave him . The American Indian respected the earth and knew nothing about greed.......but them Christians did . Since the Indians didn't want to live like the Christians they drove them out , killed many , beat , tortured . Then they brought in the slaves from across they ocean , I guess those God dam lazy Christians just didn't want to do the work and God said my people don't need to ......get slaves .
Today Gods country is all for having free trade with countries like China , That beat and torture people in sweat shops and kill people in cold blood who protest for a democracy . I wonder why they are not Christians ? Its also alright to let illegals in .We need new slaves ! The Catholic church gives them maps and sets up water towers for them in the desert .Why? Because everyone knows that 90% of all Hispanics are Catholic and right now the church could use the money !
You have television pastors living in multi -million dollar homes while the givers are loosing their homes . Benny Hinn (T.B.N CHRISTIAN BROADCASTING FAME ) LIVES IN A MULTI MILLION DOLLAR HOME AND WEARS $2000 SUITS . YOU CAN FIND THIS ON YOU-TUBE .
Religion , the biggest crock of shit we have ever been sold ...quick someone call RALPH NADAR and report this .
I also have it on reliable authority that the Vatican lent its support to Hashim Thaci of the KLA, who was one of those at the apex of the global black market organ harvesting trade. But this is info you won't get from YouTube. This is info you get from doggedly researching things the hard way, and making a full-time of it.

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