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VICE TV @VICETV: Why -- in the wealthiest country in the world -- does daily life feel so insecure? (Original Post) BeckyDem Oct 2021 OP
I'm tired of hearing that we're the "wealthiest country in the world." sop Oct 2021 #1
Capitalism rewards those who screw their workers, screw their customers, screw their communities. Midnight Writer Oct 2021 #2
+1 BeckyDem Oct 2021 #3
The kleptocratic drain has gone on all over the world. Thank monarchies for inventing the ancianita Oct 2021 #4
I love DU. Thank you for adding that info here. BeckyDem Oct 2021 #5

sop

(10,154 posts)
1. I'm tired of hearing that we're the "wealthiest country in the world."
Fri Oct 22, 2021, 12:03 PM
Oct 2021

Sure, on average we're "the wealthiest country in the world." If you put Jeff Bezos in a room with 99 homeless people, on average everyone in that room would be worth over a billion dollars.

Midnight Writer

(21,745 posts)
2. Capitalism rewards those who screw their workers, screw their customers, screw their communities.
Fri Oct 22, 2021, 12:07 PM
Oct 2021

The difference in what you pay for goods and services and what you actually get is called "profit".

To maximize profit, you can;

A) Pay people less than what they are worth

B) Produce products using cheap materials and workmanship

C) Produce low quality goods that need frequent replacement

D) Exploit social and legal loopholes to avoid responsibility

Business schools teach the mantra that business has the sole obligation of making profit, and no responsibility to its customers, to its employees, to the communities they operate in.

ancianita

(36,022 posts)
4. The kleptocratic drain has gone on all over the world. Thank monarchies for inventing the
Fri Oct 22, 2021, 12:41 PM
Oct 2021

corporate fictional personhood as some shield from The Law and their nations' legal jurisdictions. Thank all the criminal lawyers worldwide who have helped them.

Looks like the U.S. isn't the only insecure nation being drained by kleptocrats. There are at least 42 hiding and hoarding places for all the other nations. Biden has only just begun to get our money back.

According to Nicholas Shaxson's Treasure Islands, a pretty old reference by now, the U.S. (DE, NV, SD and other states) has been a way bigger tax haven than the Caymans, or Virgin Islands or Jersey or Guernsey.

If democracy ends in this nation, it will remain THE biggest tax haven on the planet.

That's a GREAT 2022 campaign slogan -- Get our money back! Death to tax havens!









BeckyDem

(8,361 posts)
5. I love DU. Thank you for adding that info here.
Fri Oct 22, 2021, 01:57 PM
Oct 2021

+1 Death to tax havens sounds pitch-perfect to me too.

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