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  #1  
Old 03-23-2013, 12:00 PM
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The Secret Definition of Capitalism

Today I found a concrete example of the secret definition of capitalism. If there has ever been a word that divided this nation that's the one.

Most of us think of capitalism in the classic sense, namely a collection of ideas such as Adam Smith's invisible hand, private ownership of means of production, free trade between individuals, and so forth.

When neoconservative politicians use the word capitalism they are using a different definition. Their definition is a simple one. It is that money points the way to the Truth. In that regard it is not an economic theory at all, but rather an atheist cult.

The attached photograph hints at the difference. On the bottom, at the foundation, is a printer cover that is made by a small business owner. This is an example of classic American capitalism. The lady owns the sewing machines, she has a few workers, and she earns a modest and honest living in her community.

On the top is a cup from Taco Bell, which is owned by Yum! brands, one of the largest corporations in the fast food market. This is an example of new, knowledge based capitalism. If you look closely at the cup you will see that it tries to lure customers into thinking they have a voice in the market. They ask customers to Tweet, Twat, whatever the Twitter verb is, which marketing slogan they prefer. Their "choices" are #WOW and #DUH. It reeks of an idiocracy, not classic American capitalism.

The contrast is clear as black and white. At the foundation are small businesses that engage their customers. The shit that cultish capitalism floats to the top is a dead end. It is the lowest common denominator of the human mind. #DUH.
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Last edited by ebacon; 03-23-2013 at 12:17 PM.
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Old 03-23-2013, 12:59 PM
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WOW! Great example!

Dave
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Old 03-23-2013, 04:15 PM
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It's so silly the shit politicians fight over.
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Old 03-23-2013, 05:10 PM
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Quote:
Originally Posted by ebacon View Post
It's so silly the shit politicians fight over.
Bread & circus's (or circi, if you prefer). Either way it's the shits for most.
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Old 03-24-2013, 07:10 AM
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Capitalism is on the way out and it is not being killed from outside but from within, more like suicide than murder
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Old 03-25-2013, 12:06 AM
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Just found this video. It is an interview with an ex-KGB agent that was made in 1985. It floored me.

http://www.youtube.com/watch?v=zeMZGGQ0ERk
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Old 03-26-2013, 03:48 PM
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Capitalism is on the way out and it is not being killed from outside but from within, more like suicide than murder
Do tell... what do you mean? Just curious.
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Old 03-27-2013, 08:09 AM
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Do tell... what do you mean? Just curious.
Well ebacon thinks it is a communist plot but Wall Street having become little more than a casino (and the dice are loaded) is letting simple greed eat away the foundations. Big article in today's WaPo about all of the corporations that are shifting their money overseas to avoid taxes. Now if you and I were to do that and as openly we would have the IRS on our backs. But if you are, oh say United Technologies, you can get away with it.

This sort of poor citizenship is also eating away the foundations of this country. Averge people see what is going on and they start hiding money in sheer self defense. Politicians decry the destruction of the "moral fabric" of the nation - Ha - what moral fabric?
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Last edited by merrylander; 03-27-2013 at 09:13 AM.
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Old 03-27-2013, 08:50 AM
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Quote:
Originally Posted by merrylander View Post
Well ebacon thinks it is a communist plot but Wall Street having become little more than a casino (and the dice are loaded) is letting simple greed eat away the foundations. Big article in today's WaPo about all of the corporations that are shifting their money overseas to avoid taxes. Now if you and I were to do that and as openly we would have the IRS on our backs. But if you are, oh say United Technologies, you can get away with it.

This sort of poor citizenship is also eating away the foundations of this country. Averge people see what is going on and they start hiding moey in sheer self defense. Politicians decry the destruction of the "moral fabric" of the nation - Ha - what moral fabric?
You and I are saying the same thing. All I add is that Soviet propaganda persuaded people to put Wall Street in the powerful position it is in today. They did that because they were confident that it would grow into a disaster. Karl Marx predicted failure of such a structure over 150 years ago.
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Old 03-27-2013, 10:45 AM
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Here is another graphic that shows the difference clear as day. It shows two historical graphs of the Dow Jones Industrial Average (DJIA). The top one is familiar to everyone. It is the one that the financial industry uses to show how compound interest works in your favor.

The bottom graph shows the same data, but notice that it looks radically different.

The difference is that the top graph is designed as a selling tool. Notice that the vertical scale is logarithmic. The graph is scaled to make it look as though the stock market steadily grew to a great height over a period of one hundred years. It didn't.

The bottom chart shows the truth. The last one hundred years of Wall Street can be divided into two distinct periods with a transition period between them. Prior to about 1985 money was considered to represent work. Most voters still think that way.

Behind the scenes were economists, such as Alan Greenspan, that had subscribed to a new definition of money. That definition said that money does not represent work at all. Instead, they said, money represents how smart you are, which they believed was indicative of the Truth.

They successfully marketed this idea and retooled how our monetary, and consequently legal, system works. As best I can tell process started in about 1984 with a shifting of retirement savings from local banks to Wall Street. The tools were of course IRA and 401k accounts. This changeover process lasted for about one generation of society. By 1999 almost all workers were out of the old savings banks and into the new money=truth investment banks. In 1999 congress repealed the old banking laws and let the animals loose.

We know how the story went from there. As time goes on Wall Street will systematically erase the data prior to year 2000. Already if you go on line to make stock charts there are many systems that will not show data before year 2000. They are hiding or rewriting history.
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