capitalism
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- NBQ001
- I think about this often. The US has behaved so baldy that I don't think many will need much encouragement to dump dollars in favour of a new global currency.monoboy
- The US will are the architects of their own downfall. Dumping manufacturing for cheaper labour and high profit margins.monoboy
- The banking default of 2008 and the subsequent Chinese bailout.monoboy
- All China has to do is wait for the current GOP administration to go for broke by defaulting and then destabilise the dollar.monoboy
- America's shareholder owned economy will be left with worthless dollars whilst the ROW switches to Renminbi and Euros.monoboy
- The US went bankrupt in 2008, and its zombie economy is totally reliant on dept and growth.monoboy
- Europe is in the same pickle.monoboy
- It's going to take some pretty skilled negotiations to fix this.monoboy
- Ironically, its free-market economy will only speed up its decline.monoboy
- In my unqualified opinion of course.monoboy
- (Apologies for the typos).monoboy
- I think dropping the dollar would be a bigger fight than dropping assault weapons.monospaced
- china banking system and even the EU is all fake as fuck. its merely a confidence game and book cookingdeathboy
- our labor "not commie" business did rely on china who depressed costs to push profits since 2000s. it will be interesting to see how it shakes out.deathboy
- You have absolutely no idea what you're talking about deathboy and those posts prove it.monoboy
- I think a full on currency war would lead to conflict so it's probably unlikely.monoboy
- But it'll just be interesting to see how American 'wealth funds' and business react to losing value rapidly. My guess is they'll ditch. And fast.monoboy
- If the USA default on the dept they owe for a second time, it'll change the game.monoboy
- hmm i dont know what im talking about... perhaps.. but can you tell me when us has defaulted on debt. u say it like its happened before..deathboy
- it shit statements like that which make feel a little more confident about what i know vs what you know. in the end its a confidence gamedeathboy
- NBQ001
"Holy God. We're About To Lose Everything" - Pandemic Crushes Overleveraged Airbnb Superhosts: https://www.zerohedge.com/person…
- Good. Those speculators Are making it tough to find affordable apartments.Gnash
- As someone who actually rents their apartment to make ends meet and have lost a bunch of $$ due to Covid, i approve of thishardhat
- https://i.redd.it/2s…Palindrome
- utopian1
Private haven for wealthy received $2M from small business loan program.
• Fisher Island, Miami Florida
• Island Population: 132
• Average income: $2.5 million
• Median Home Cost: $2,930,200A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business Administration, despite suffering no layoffs and no apparent financial impact from the coronavirus pandemic.
- i think you are confusing socialism for capitalism. But I get it.. you want to screw the rich in any economic and political system.hotroddy
- Is he?monospaced
- I'm not confused...this is just one of a gazillion examples of how everyday crony American capitalism works in the good oldé US of A.utopian
- any form of wealth distribution is 'socialism' whether it be to citizen or business. Article is more about corruption which exists in any economic model.hotroddy
- If you read Miltion freedman you'll understand corruption is more prevalent in large bureaucratic agencies that control money and power.hotroddy
- It's difficult for Utopian to understand the difference when the resentment towards 'the rich' prevents him from separating the two.hotroddy
- I think that’s what he’s saying too. Almost like satire. How this capitalist system can capitalize on such socialist measures. You all are on the same side.monospaced
- grafician2
"Small Business Rescue Earned Banks $10 Billion In Fees"
- utopian2
‘Shark Tank’ Star Daymond John Tried to Sell N95 Masks to Florida at 3 Times Market Price
- shapesalad-3
- Fuck off already, no one here is watching this garbage contentnb
- TL;DR the economies that depend on oil are fucked.sted
- AC ϟ DCutopian
- this means fracking and those pipeline projects are gone?uan
- Yes. Fracking over.shapesalad
- nb what makes this garbage content? It's probably one of the more relevant things posted today.MondoMorphic
- nb, why so aggressive? Nobody forces you to watch it. But maybe some others will.NBQ00
- nb = no brain? Perhaps...shapesalad
- whatthefunk-2
- because the money doesn't go to the gov't's bureaucratic nonsense.hotroddy
- right, with the exception of a few, it goes to making themselves more wealthy...oh, and lobbying to make sure they keep getting wealthier...formed
- ...and that's assuming that Tman isn't actually a billionaireformed
- most give back to charities to save money on taxes. More tax revenue is just going to lead to more bureaucratic offices that stifle economic growthhotroddy
- What economic growth? America is broke and unable to take care of its own.scruffics
- EVERYONE outside of US wants to invest inside the US. It has the Largest economic growth outside of China which no one invests in.hotroddy
- When Janiqua Jackson stops having 6 children with 7 baby daddies that's when we'll take care of our own.hotroddy
- @hotroddy I understand your clumsily made point but what incentive does Janiqua have to stop when the state supports her...uhh...producti...Morning_star
- ...productivity?Morning_star
- But if Janiqua was a soybean farmer in a red state then "load em' up with those thar socialist checks for real Muricans..."whatthefunk
- Taxes buy civilization. Denmark has the highest living standards and highest taxes; it's not a coincidence.i_monk
- Unless you're making a shit load of money, you get more back in gov't services than you pay in taxes. Tax cuts only – ONLY – benefit the wealthy.i_monk
- a soybean farmer goes to work and puts his kids to work, and contributes to the well being of society and to hard work ethic of being a farmer.hotroddy
- Janiqua & kids co are a menace on society.hotroddy
- shapesalad2
WE are at the end of the global empire, like being at the end of the Roman empire... brace yourselves.
- pfffft.gifnb
- Not sure I agree we will see such major changes as a result of what is happening right now. Over the long run yes there could be a shift towards low-cost livingyuekit
- and localization, but I'm struggling to see why anyone would make those changes until they are absolutely forced to.yuekit
- Unless of course there is an even worse crisis/meltdown coming this year which is always possible..yuekit
- utopian4
A Capitalism Classic Story
- Beeswax0
Socialism is reloading. teeheee
There's no way out of this economic turmoil other than the governments stepping in and start nationalizations and giving paychecks to the masses.
Free market rules will still reign for a while for certain sectors like internet companies but mass production can't continue under private ownerships. They are all fucked.- Now it's time to introduce universal income and get robots off their asses to do the work for usNBQ00
- the robots are already doing it nbq. we need to start clawing back the profits made from automation... where do you think bezos and gates made their billions?kingsteven
- Because rolling back profits creates productivity how?.... This is perfect example why I don't think u understand shit about capitalism or economicsdeathboy
- Or u do. It prefer the equality that only death is the true master ofdeathboy
- Stepping in and start nationalizing? You want trump to assign bureaucratic tool to run a company that he has no experience in?hotroddy
- utopian0
Rapid CEO turnover continues with a record number of top executives departing in January
A total of 219 chief executive officers left their posts in January, the highest month on record, according to business and executive coaching firm Challenger, Gray & Christmas.
- OK, so are we now floating the (conspiracy?) theory that CEOs everywhere knew which way the wind was blowing, and all fucked off with a massive ...Continuity
- ... golden parachute?
I can get behind that.
Bring out the guillotines.Continuity - I'm confused, what are the Tinfoil Hatters suggesting this is evidence of?Morning_star
- How many of these have purchased property in New Zealand in the past few years?i_monk
- NZ banned overseas property buyers in 2018MrT
- BusterBoy4
Things are going to get REAL swampy as we crawl out of this mess.
- utopian-2
The entire Trump stock rally is nearly gone!!!!
How is your capitalistic system holding up now????- corona virus is an analog of what socialism does to an economyhotroddy
- anyone associating Trump w/the drop in stock (even: cheering this on) is a little fucked in the head...
... hang in there, 'topes... praying for you. <3PonyBoy - Communist utopian is the best. Wishing all that misery on those families losing their retirement. Thats not evil at all.Hayoth
- bobo? nothing to say here?renderedred
- No worries HayoMook & Friends. Your Comrade in Chief and his Republitard cronies will bailout the banks, corporations and elite top 1%.utopian
- lol @ bobo... keep that going. As far as bailouts go — everyone needs help here, 'topes... not sure how to go about it but even top corpos may need itPonyBoy
- However, if you're cheering on (or worse: hoping for) the demise of your fellow neighbor's retirement then you're clearly far more evil than Trump & Co.PonyBoy
- i don't think anyone is cheering anything here other than the overly confident moron in chief finding out he's nakedscruffics
- utopian0
Good Oldé Yankee Doodle Dandy Capitalism
‘Trump Money’ Is Buying Silence as Unprecedented Payments Go to Farmers
Farm subsidies have now hit a 14-year high after the USDA sent out payments of approximately $16 billion in aid in 2019 and $12 billion in 2018. The two-year total of $28 billion paid to American farmers tops the auto-industry bailout following the 2008 financial crisis by billions.
- It's insane. Why there is an uproar about this is beyond me. How about that "socialism" and "free money"!?formed
- farming in US is not about capitalism. Hasn't been for a long timedeathboy
- people might be upset to know farmers are paid to burn crops... sigh a perfect example no matter the ideal its impossible...still worth chasingdeathboy
- The apologist has spoken.utopian
- apologist... to whom am i apolgizing too? im sorry to you if you dont realize farm subsidies are more along the lines of socialism than capitalismdeathboy
- this would be better in a socialism thread to highlight monetary waste of state run systems and BS global tariffs and trade policiesdeathboy
- or... defend it. why should this be in a capitalist thread? very curious to hear that rationaledeathboy
- lol, you totally missed the sarcasm and went full retard, deathboy ... AGAINmonospaced
- lol ok mono this is where i say explain what you think i missed. and you deflect to say well you don't need to because you are sooo smart. at least uptopiandeathboy
- knows when to just fade away. he understands the game better than you.deathboy
- utopian1
The great American tax haven: why the super-rich love South Dakota
It’s known for being the home of Mount Rushmore – and not much else. But thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.
- "Fast Becoming..." If you've looked at your credit card bill anytime in the last 20 years, you'll notice either a Rhode Island or South Dakota address.toemaas
- i'm sure it benefits south dakota economy same way tax havens benefit carribean islands economies.hotroddy
- Any journalists in South Dakota been blown up with car bombs, for looking into it?PhanLo