Healthy Capitalism Leads to Grasping Behavior

I remember seeing that ad (for something) many years ago where Calvin Coolidge said

The business of America is business.

whilst omitting the rest. I thought, "I see where we are going here." at the time. Ideology and the concurrent theft raining down from above, dogma from Rush.

Well now here we are, in the death knells of the Reagan Revolution. Before him, for a brief time, we did get along. OK, we were quirky and weird in every era, but we were once upon a time not pitted against each other for a slowly shrinking pool of opportunity.

In my youth, I was able to have my wife raise my children until the youngest went to school, for five years. A blessing - not cheap when yuppies were running around doing the double income thing. But it wasn't so common, it was a new phenomenon at the time.

Now its the norm. It is the only way to survive today. The problem as I see it - of course it is always the distribution of wealth - but there is a lot of dough out there and it can make massive changes very quickly in your circumstances. I see that unfettered capital as a monster, yes. Don't hate the player, hate the game.

People will do things as long as that behavior is rewarded. It is really as simple as that.

But fracking is the stupidest idea on the planet, and if I were in that board room, I would have had that guy with that idea fired on the spot.

But instead they all nodded thoughtfully when presented with the idea.

And here we are, our children, our American children - two 20-something kids saddled with $60k debt if they have college degrees, driving forklift for too many hours if they don't.. killing themselves to maintain the American Dream.

We owe them more than that, they are our children.

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tapu dali's picture

"What's good for General Bullmoose is good for the United States."

Clearly a trope on "General Motors".

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There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don't know we don't know.

TheOtherMaven's picture

who made fun of anybody and anything that struck his fancy, Left, Right, Center, Up, Down or Sideways.

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There is no justice. There can be no peace.

tapu dali's picture

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There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns – the ones we don't know we don't know.

TheOtherMaven's picture

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There is no justice. There can be no peace.

Bluesee's picture

..so much propaganda. Wink

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Bernie is a win-win.

MsGrin's picture

People call in and talk about how they aren't making it. Very uplifting.

#TheNewMiddle: Tell Us What The Middle Class Means To You

ARI SHAPIRO, HOST:

Economists say to be considered middle-class, a family of three needs to earn about $40,000 to $120,000 a year. Next week we'll visit one of the places where the middle class has shrunk faster than almost anywhere else in the country - Midland, Texas. As in many parts of the U.S., the middle class has shrunk in Midland because people there have gotten richer.

UNIDENTIFIED MAN: That's not to say that I'll be a millionaire next week or next year, but I feel that the momentum is coming. And I feel like I'm kind of at that tipping point where all the momentum up until this point is kind of getting ready to tip me over.

SIEGEL: Well, now we want to know what your middle class experience is like. On Twitter, some of you talked about being able to pay off your debts or having extra money for vacations. For St. Edwards University professor Chris Gerben, being middle-class means relocating for jobs. He's lived in five states in the last 15 years.

SHAPIRO: And to 42-year-old high school teacher Andrew Larson, middle class means working during summer vacations to help pay for his children's college tuition. Join our conversation. We're @NprATC, and use the hashtag #TheNewMiddle.

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'What we are left with is an agency mandated to ensure transparency and disclosure that is actually working to keep the public in the dark' - Ann M. Ravel, former FEC member

NPR didn't earn the sobriquet "National Petroleum Radio" lightly. David Koch is a major sponsor, and energy companies dominate the sponsorship spots. What they report upon always has a corporatist slant to it, and the coverage appears aimed at the well-heeled to remind them of how good they have it. Just look at this one line:

... the middle class has shrunk in Midland because people there have gotten richer.

How many places in America can make this claim? And yet, it is offered as a means by which to water down the protests against the grotesque increase in upper class wealth. "If Midlands can do it, this only means that (non-Texas) America are too lazy to do the same thing!"

NPR is almost as bad as FOX when it comes to dismissing the peasants. They just have a nicer tone to their voices when they do so.

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Vowing To Oppose Everything Trump Attempts.

Ajaradom's picture

Capitalism is America's downfall!

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Bluesee's picture

In America, capitalism is very healthy, but America itself not so much. In trying to come up with a better system, I keep coming back to simply putting governors on wealth. But since Reagan, that idea has been sorely discredited. We are headed toward serfdom.

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Bernie is a win-win.