Financial Strip-Mining-- how capitalism has really gone to hell and taken the country with it

[Fast Walker 52]

http://www.salon.com/2016/03/05/its_shameless_financial_strip_mining_les_leopold_explains_how_the_1_percent_killed_the_middle_class/

“It’s shameless financial strip-mining”: Les Leopold explains how the 1 percent killed the middle class
The "pro-business" model of capitalism is broken — and getting worse, author and activist Les Leopold tells Salon.

[benfranklin1776]

1. Great article

It explains much about how the architecture of modern vulture capitalism was engineered through deliberate perversions of the corporate tax code and securities laws to publicly underwrite pump and dump Wall Street casino schemes that channel money from workers communities and the nation to the banksters, fraudsters and malefactors of great wealth to borrow FDRs terms.

[Fast Walker 52]

3. yes, I thought they framed the problem in a new and useful way

it's a good analogy... more importantly, we have to stop it!

[newthinking]

2. I call it "consumer mining".

Corporations are not as interested in innovation as they are in trying to find ways to strip out everyone's remaining assets by using semi-monopolistic methods.

[Fast Walker 52]

4. yes... we have to find a way to stop these psychopaths

[stuffmatters]

5. Great and essential reading, connects every dot

Income inequality isn't a single issue, it explains all issues from wage depletion, gender inequality, mass incarceration, depletion of our education and infrastructure, privatization and destruction of our commons, pollution of our environment and our information,
raiding our social safety nets....the list is endless.
Strip mining of our country is the perfect description. Unstopped, strip mining only ends in total destruction.

[Fast Walker 52]

8. exactly-- that is why it's so ridiculous to complain about Bernie being a single issue candidate

Income inequality and financial abuses (due to GREED) are the single most important thing tying all our other problems together.

[lastlib]

6. A great read!!

Gives a better understanding of the problems caused by financial de-regulation. Every American should read this!

Quite simply, Bernie isn't going far enough. We as a country need to totally re-think capitalism!

[appalachiablue]

7. K & R. Strip mining is the word!

[Fast Walker 52]

9. Link has changed

see here:
http://www.salon.com/2016/03/06/its_shameless_financial_strip_mining_les_leopold_explains_how_the_1_percent_killed_the_middle_class/