Comment Re:7 Core Demands of Occupy Wall Street (Score 1) 1799
It is interesting how this looks like the socialist/communist crap of the 70's. Sure, let that 99% percent of people that know zip about economy run the country.
Sorry but capitalism is what makes the US the most powerful country in the world, along with Europe. Sure there are a lot of poor people, unfortunately, as the Davis-Moore thesis will tell you, they are necessary for the system to work. No, it isn’t fare or just, that’s the way it is. We need to understand that rich people make money, jobs, we need them, and they use the Exchange Market to make money.
It might not be perfect, but that’s the best we have. Perfect does not exist, at least perfection where we all make "enough" or equivalent money. That’s just stupid. Why would someone excel in such society?? Enough" according to who??
For great ideas to work, great benefits must be earned. Who assigns those benefits?: the stock market.
Do they really know what are they dealing with?? Haven’t they heard about the huge trade deficit we have?? How could the US be the most powerful country if we have a trade deficit?? How could the dollar be the safest currency with a deficit, haven’t they taught you that a currency deficit means devaluation??
Well, the US and the dollar succeed because the US does not make things it makes ideas: It makes Steves jobs and Bills Gates. The US is all about trading ideas, or in other words, by selling the stocks of the companies with ideas.
Note that the so called trade deficit is only a partial view of the balance of payments. Talking about a trade deficit in isolation of the other accounts means that we don’t understand modern economy. Countries today are not about what they sell. Today we live from speculation and betting on the future ideas. If you are a Marxist, then forget it and keep yourself the middle ages. If not, note that the balance of payments is ALWAYS balanced in the US by the financial accounts, including INVESTMENT, much of which is not plain debt, but investment where in case of failure means no liability for the US.
" Return the Power of Coining Money to the U.S "
" Limit the Size, Scope and Power of Banks "
Well we might just as well implement full fledged communism, and let China overtake us. Do you want to know how china succeeded:
"Reduce the value of the coin and let if float according to basket of currencies"
"Enable private property and banks, begin the stock market.."
Sounds familiar?? No wonder they are overtaking us.