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libdude

(136 posts)
1. Absolutely true, saddly
Thu Mar 21, 2013, 08:40 AM
Mar 2013

The recession or great recession as it is called, has only added to the continued economic downturn that has been a fact for many decades in the parts of the country that does not usually attract attention of the main media or the political machines.
I think the Republican Presidential candidate Mitt Romney was truthful on this aspect in that he practiced " destructive capitalism ", and by observation he and his capitalist cohorts have had remarkable success. This was made possible by Republican and Democratic legislative efforts that created tax policies that permitted favorable foreign outsourcing of jobs that created the ability to hide profits in off shore tax haven to avoid taxes. A corporate culture that has apparently the title deed to the political processes of the United States.
Hope this does not sound overly pessimistic but ask yourself, how has your economic system for your little economic enterprise working these days? Is the current capitalistic system working well for you, your family, your community?

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