Papantonio: Wall Street Starving Capitalism On Purpose

[GoLeft TV]

FDR had a clear vision about how capitalism was seriously threatened by a small group of wildly wealthy elite he referred to as “economic royalists.” FDR grew up in the homes and the schools in the opulent country clubs of this crowd he referred to as economic royalist, so it was abundantly clear that FDR understood every nuance about their pedigree.

There was no guess work that went into his warning that if the economic royalists, the oligarchs, were not adequately controlled, then our system of capitalism would mutate into an economic system no less humane, no less destructive and malevolent than fascism. No less of a pathetic failure than Stalin-esque Communism. FDR was genuinely fearful of the powerfully destructive capacity of an unchecked oligarch elite.

What he feared is relatively easy to understand: Healthy capitalism requires that money, whether it comes from government or whether it comes from the private sector, has got to move from the bottom up. If that money that is supposed to fuel the capitalist machine moves to the top without a specific mechanism or infrastructure to move it first to the middle of the economic ladder and also to the very bottom of that economic class ladder, then that money stagnates; it becomes useless to the machine of capitalism because it can’t fuel the machine.

[Dustlawyer]

1. K&R!!! I am sure that COMPLETE CAMPAIGN FINANCE REFORM (CCFR), including

Publicly Funded Elections are a big part of the solution! We have to take back our bought off politicians and Judges. We have to bust up the big Wall Street banks and media conglomerates! More importantly, we have to get out off our asses and organize, spread the word, and protest! It will be much worse than OWS because they are ready this time.
This is not a Republican or Democrat issue, this is an American issue! Republicans, if they truly care about this country will need to be a part. It cannot just be college students. It cannot get bogged down in a million different issues, most of which will get solved if we can restore our Representative Democracy. The root cause of all of these problems is the corruption of our election process. When a corporation or 1%er makes regular campaign donations, they get what they want and we are ignored. THIS HAS TO STOP!!!

[fasttense]

2. I don't think we should save capatalism...yet again.n/t

[gopiscrap]

3. fucking bastards

I know I'll get trashed for this, but I believe capitalism is basically evil to begin with!