Michael Moore: We’re Going To Replace Capitalism As We Know

Lucky Luckhurst wrote: Does anybody with a brain think that what we got now is Capitilism?

Absolutely not VL, what we have now is a FUBAR centrally planned economy courtesy of a federal government that has decided it has the power of governance over all domestic and foreign issues. They pass a bunch of laws and regulations and tell the businesses that as long as they follow them the federal government will privatize their gains and socialize their losses. If they lend to the people the politicians wish to purchase votes from, even though no one in their right mind would make such a loan, they will make sure their GSEs will buy that loan and then turn it into a secured debt obligation that they can purchase as an asset to secure new loans that are made at the behest of politicians to purchase more votes. You expect that absolute power is not going to result in such corruption for some odd reason?

Well said PS, especially the centrally planned FUBAR part.

LOL... God, I love the fantasy world you live in... I could sit and watch it for hours...

This part you got right:

PrintSmith wrote: They pass a bunch of laws and regulations and tell the businesses that as long as they follow them the federal government will privatize their gains and socialize their losses.

That describes EXACTLY what happened during the Bush administration that caused the meltdown at the end of 2008.... Do away with banking regulations, and let Wall Street traders create more and more exotic pieces of junk and hide them from regulation...and then socialize the losses...

LJ and Bush... :Snooze :Snooze :Snooze

Lucky Luckhurst wrote: Does anybody with a brain think that what we got now is Capitilism?

Of course not... and Moore made all his millions under the old-styled capitalism... that's why he can keep it... and that's what keeps him out of the 1%. But if you make over 350 thousand dollars of the NEW CAPITALISM money, then you are a part of the filthy rich and you need to give all that money to me. (hell... if it works for Moore, maybe it will work for me). I'm glad Moore cleared that all up for us.

LadyJazzer wrote: LOL... God, I love the fantasy world you live in... I could sit and watch it for hours...

This part you got right:

PrintSmith wrote: They pass a bunch of laws and regulations and tell the businesses that as long as they follow them the federal government will privatize their gains and socialize their losses.

That describes EXACTLY what happened during the Bush administration that caused the meltdown at the end of 2008.... Do away with banking regulations, and let Wall Street traders create more and more exotic pieces of junk and hide them from regulation...and then socialize the losses...

I'm all for taking money from the rich.

I'm all for finding ways to make my self worth more and more to someone, to a company, to an idea, to a plan... so the rich will give me their money. If I can be a clever enough entertainer, so the rich spend 75 dollars a ticket to see me in a stage show, then good.. I want their money. If I can be inventive enough so that the rich invest in an idea of mine, and I take their money to develop my idea... I want their money. I want to be better than the other guy, so the other guy is not taking money from the rich... I want that money.

There is nothing stopping me from taking money from the rich, I just have to be more creative, clever, smart, inventive or even devious, if that suits you, than the rich... and they will be bending over to give me their money. Or I can be happy with the slice of the pie I am taking, that I have arranged for myself to have, on my own, with my own hands, my own brains, my own volition. Either way, I like the idea of taking money from the rich. If it wasn't for the rich... that money wouldn't be there for the taking.

Bottom line is... you want that money... work for it.

LadyJazzer wrote: LOL... God, I love the fantasy world you live in... I could sit and watch it for hours...

This part you got right:

PrintSmith wrote: They pass a bunch of laws and regulations and tell the businesses that as long as they follow them the federal government will privatize their gains and socialize their losses.

That describes EXACTLY what happened during the Bush administration that caused the meltdown at the end of 2008.... Do away with banking regulations, and let Wall Street traders create more and more exotic pieces of junk and hide them from regulation...and then socialize the losses...

Without the CRA and the mandate that 50% of the loans purchased by the GSEs fall within that criteria, there would not have been any full faith and credit of the US government guarantees shoring up the junk that Fannie and Freddie were selling as assets available to create more and more exotic pieces of junk from that generated profit for the politically connected heads of those GSEs and their stockholders. TARP was originally passed to secure the junk that Fannie and Freddie sold to the financial institutions that were backed by the implicit federal guarantees and then decreed valueless as an asset by federal accounting rules. Someone was going to have to make good on that implicit guarantee for all that junk sold by Fannie and Freddie that was insured by the federal government when it all went to pot, and that someone ended up being the federal taxpayer. You would have preferred a selective default on the full faith and credit of the US government instead?

Dr Philban wrote: I'm all for taking money from the rich.

I'm all for finding ways to make my self worth more and more to someone, to a company, to an idea, to a plan... so the rich will give me their money. If I can be a clever enough entertainer, so the rich spend 75 dollars a ticket to see me in a stage show, then good.. I want their money. If I can be inventive enough so that the rich invest in an idea of mine, and I take their money to develop my idea... I want their money. I want to be better than the other guy, so the other guy is not taking money from the rich... I want that money.

There is nothing stopping me from taking money from the rich, I just have to be more creative, clever, smart, inventive or even devious, if that suits you, than the rich... and they will be bending over to give me their money. Or I can be happy with the slice of the pie I am taking, that I have arranged for myself to have, on my own, with my own hands, my own brains, my own volition. Either way, I like the idea of taking money from the rich. If it wasn't for the rich... that money wouldn't be there for the taking.

Bottom line is... you want that money... work for it.

Excellent post Dr. :thumbsup:

Occupy Oakland is turning violent. Think we have a budding Trotsky or Lenin living in a tent somewhere right now?