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Response to Cheese Sandwich (Original post)

Tue Apr 26, 2016, 08:23 PM

19. It's no wonder that young adults are turning away from the free market

What goes under the label of "free market" (Reaganomics, neoliberalism, supply-side, trickle-down) isn't capitalism; it's fraud. A healthy economy cannot be dominated by a parasitic industry like banking and finance. The whole scheme is to cycle and recycle debt. We need oil, so let's go to war and claim our oil under the Arabs' sand. Going to war is very, very expensive, so we go into debt. Get a college education, one goes into debt. Can't make ends meet with all that debt? Don't worry, the bank will extend your credit, and then extend it some more. Banking is a funny industry. Money in the bank may be an asset to you and me, but it's a liability to the bank; the bank has to pay you interest on your savings. On the other hand, your debt is an asset to the bank, because you're going to pay it back, someday. You may have to go into your savings, but if the the system starts to collapse, they may legally steal your savings first.

Isn't banking deregulation and modernization wonderful? There's no such thing a fraud. Fraud is legal, and if it's legal, then it isn't fraud, is it?

I'm not young and haven't been for a long time, but I certainly don't blame young people today for turning way from anything so decadent as the free market. This certainly isn't my Dad's capitalism.

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Arrow 35 replies Author Time Post
Cheese Sandwich Apr 2016 OP
SusanCalvin Apr 2016 #1
fluffyclouds Apr 2016 #2
wendylaroux Apr 2016 #3
jwirr Apr 2016 #18
Svafa Apr 2016 #4
silvershadow Apr 2016 #5
RepubliCON-Watch Apr 2016 #6
Cheese Sandwich Apr 2016 #7
Hydra Apr 2016 #8
YOHABLO Apr 2016 #9
nikto Apr 2016 #10
Gman Apr 2016 #11
Feeling the Bern Apr 2016 #16
Gman Apr 2016 #24
Spitfire of ATJ Apr 2016 #12
zentrum Apr 2016 #13
awoke_in_2003 Apr 2016 #28
pansypoo53219 Apr 2016 #14
SoapBox Apr 2016 #15
jomin41 Apr 2016 #17
LineReply It's no wonder that young adults are turning away from the free market
Jack Rabbit Apr 2016 #19
elmac Apr 2016 #20
Cryptoad Apr 2016 #21
Cheese Sandwich Apr 2016 #22
Cheese Sandwich Apr 2016 #26
Cryptoad Apr 2016 #31
tralala Apr 2016 #34
TBF Apr 2016 #35
LongTomH Apr 2016 #23
Tarc Apr 2016 #25
TBF Apr 2016 #30
ZombieHorde Apr 2016 #27
TBF Apr 2016 #29
Cheese Sandwich Apr 2016 #32
tralala Apr 2016 #33
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