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Capitalism sucks

sandandfoam

Veteran Member
There was a report on the news here in Ireland today that Anglo Irish Bank needs another €15 billion euro. Having been given a blanket guarantee by our treasonous, gangster government that will bring the total bill picked up by the Irish people for Anglo alone to €50 billion. To put that in context our total annual income tax take comes to about €14 billion.

There are five other institutions covered by the no limits guarantee. Their debts have been tied to our national debt. Only the politicians know why.

This unregulated Gordon Geko style hunt for profit has ruined our country. The banks have brought us down. Hope is disappearing fast. There is a desperation here I have not encountered before. The IMF and central bankers in Frankfurt are our new colonial masters. And they too are kicking the **** out of us. Borrowing money at 3% and under and forcing us to pay 6%. They are going to attack the multinational base here because they object to our low corporate tax rate.

Wages are dropping like a stone for anyone with a job. Taxes are rising. Adding insult to injury the scumbag banks who our livings have been savaged to save keep on putting up interest rates over and above the European central bank rate "to safeguard profits" "bondholders must be protected".

Emigration is once again rampant. People can't seem to leave the country fast enough. Meanwhile the muppets in our political parties are rearranging the deckchairs in our 'show' parliament and paying themselves a kings ransom.
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A series of hairshirt budgets have been inflicted on us. Each time we're told the story has got as bad as it can get it gets worse. There are another string of billions of euro to be cut budgets coming.

I cannot stomach this capitalism. It just sucks.

Rant over :eek:
 

Revoltingest

Pragmatic Libertarian
Premium Member
Capitalism is just fine. You should be railing against corrupt government subsidies.
No company is too big to fail. Failure is how we learn, check & balance.
 

sandandfoam

Veteran Member
Capitalism is just fine. You should be railing against corrupt government subsidies.

"The markets" are the reason that all our champions of capitalism are giving our money to private investors.

If the theft of present and future being foisted upon the Irish people by governments brokers and bankers is not capitalism the USSR wasn't communist. No true scotsman huh?
 

Revoltingest

Pragmatic Libertarian
Premium Member
"The markets" are the reason that all our champions of capitalism are giving our money to private investors.
Hah! Markets are just a venue for capitalism.
The money is being given away because of mewling failing wheedlers who buy largess from pandering politicians.

If the theft of present and future being foisted upon the Irish people by governments brokers and bankers is not capitalism the USSR wasn't communist. No true scotsman huh?
I don't put sugar on my porridge!
 

sandandfoam

Veteran Member
Hah! Markets are just a venue for capitalism.
The money is being given away because of mewling failing wheedlers who buy largess from pandering politicians.

We have never been given a satisfactory explanation as to why the government chose to tie bank debt to sovereign debt. This choice has literally allowed a bank bring down our country.

Light touch regulation and free marketeering has given us an incestuous golden circle at the top of our so-called Republic.
This free market crap has been demonstrated to be a fiction. They certainly weren't on to have their profits treated as they expect us to treat their losses.
I am really enraged over what these people have done to our society. Any politician coming to my door had better be wearing a helmet.



I don't put sugar on my porridge!

:D That helped thank you
 

Revoltingest

Pragmatic Libertarian
Premium Member
We have never been given a satisfactory explanation as to why the government chose to tie bank debt to sovereign debt. This choice has literally allowed a bank bring down our country.
You want a logical & candid explanation?
You need to move to Revoltistan.
We don't mince words explaining our failure.

Light touch regulation and free marketeering has given us an incestuous golden circle at the top of our so-called Republic.
This free market crap has been demonstrated to be a fiction. They certainly weren't on to have their profits treated as they expect us to treat their losses.
I am really enraged over what these people have done to our society. Any politician coming to my door had better be wearing a helmet.
Free markets are great. We should give them a try some day.
Any politician coming to my door better wear tomato stain-proof clothing.
 

Gunfingers

Happiness Incarnate
Light touch regulation and free marketeering has given us an incestuous golden circle at the top of our so-called Republic.
This free market crap has been demonstrated to be a fiction. They certainly weren't on to have their profits treated as they expect us to treat their losses.
I am really enraged over what these people have done to our society. Any politician coming to my door had better be wearing a helmet.
This is a common misconception, allow me to explain.

Capitalism != Free Market. It's analogous to how in the absence of any laws restricting our freedoms we would have no freedoms at all. If there were no laws against murder or theft we'd be constantly subject to both. In the same way a market that is completely unregulated will shut down, because some conglomerate or other will take over the entire market.

Capitalism, instead, is the careful regulation of the market to maximise enterprise and create a fair balance between employer and employee, or producer and consumer. If you're thinking at this point that my explanation fails to match the reality of economics in the first world then you're right. Capitalism was subtly abandoned many moons ago in favor of corporatism, a system in which enterprise is ignored in favor of providing benefits to a small number of very large corporations. Corporatism, not capitalism, is the cause of the problems you are experiencing today.
 

Mr. Hair

Renegade Cavalcade
I dunno, I think that at times like these, or at any other time really, we should all listen to the words of Mark Corrigan, and meditate thusly beneath his wisdom tree.

And listen, while we're at it, there are systems for a reason in this world, economic stability, interest rates, growth. It's not all a conspiracy to keep you in little boxes, alright? It's only the miracle of consumer capitalism that means you're not lying in your own ****, dying at 43 with rotten teeth and a little pill with a chicken on it is not going to change that.
Or alternatively:

Frosties are just Cornflakes for people who can't face reality.
 

Alceste

Vagabond
When's your next election, stephen? Is there a party willing to give the IMF and the banks the finger?
 

sandandfoam

Veteran Member
When's your next election, stephen? Is there a party willing to give the IMF and the banks the finger?

The next election is on the 25th of this month.
The 3 main parties are all accepting of things as they are. Sinn Fein and the united left say they'll give them the finger. I'll be voting this way but there's not a hope they'll get power.

One irony is that we were coerced into voting for Europe in the Lisbon referenda. Now that we're locked in our EU 'friends' are putting the boot in worse than the IMF.
They're borrowing money at 3% and lending it to us for 6%. Some bailout. :(

It's all about protecting capital and the politicians and their friends live in a bubble. All of them. One opposition politician announced during the week that he was finding it hard to get by. These guys are paid 100k per year. I heard this guy got 70k tax free expenses. They also get 30/40 k extra for sitting on various committes. 200k odd a year. Much of it tax free.

He's a member of a party in favour of cutting the minimum wage to €7.65 an hour and which wants to slash social welfare.

All our centreist parties (read right wing) want to screw the ordinary people. They have all said that if you tax wealth it will just leave the country. They're letting us eat cake. The ********.
 

Alceste

Vagabond
The next election is on the 25th of this month.
The 3 main parties are all accepting of things as they are. Sinn Fein and the united left say they'll give them the finger. I'll be voting this way but there's not a hope they'll get power.

One irony is that we were coerced into voting for Europe in the Lisbon referenda. Now that we're locked in our EU 'friends' are putting the boot in worse than the IMF.
They're borrowing money at 3% and lending it to us for 6%. Some bailout. :(

It's all about protecting capital and the politicians and their friends live in a bubble. All of them. One opposition politician announced during the week that he was finding it hard to get by. These guys are paid 100k per year. I heard this guy got 70k tax free expenses. They also get 30/40 k extra for sitting on various committes. 200k odd a year. Much of it tax free.

He's a member of a party in favour of cutting the minimum wage to €7.65 an hour and which wants to slash social welfare.

All our centreist parties (read right wing) want to screw the ordinary people. They have all said that if you tax wealth it will just leave the country. They're letting us eat cake. The ********.

I'm thinking general strike, but I'm afraid things will have to be much worse before people are motivated to mount an effective protest.
 

SargonTheElder

Seeker Of Truth
The problem isn't Capitalism per se. The problem is the rigged market form of it being used as opposed to Laissez-Faire Free Market Capitalism. The Financial District Of London and the Rothschild Inter Alpha Banking Group with help from Wall Street have been looting the world's economies through their global system of banks. I could offer an abbreviated explanation of this but it would be a difficult thing to do LOL
Try googling "rothschild inter alpha group" ;)
Also check out Max Keiser and Lyndon LaRouche's websites, both are pretty good at explaining the current financial crises unravelling around the world,
 
The problem is that the measure of success is not the quality of peoples lives and their happiness but GDP which tells us nothing of those things. That the richest countries in the world have tens if not hundreds of thousands of people living in poverty with all the associated problems is unaccepable given that it could end if we really wanted it too but that won't happen because our countries are orientated towards making money quickly for the few, not making peoples lives better across the board.
 

Yerda

Veteran Member
The problem isn't Capitalism per se. The problem is the rigged market form of it being used as opposed to Laissez-Faire Free Market Capitalism.
Where Free Market Fundamentalism has dominated the results have been disastrous. Look into Chile under Pinochet, Russia after the Soviet Union, or the countries, like Argentina, under the IMF's 'direction'. It wasn't fun by all accounts.
 
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