capitalism
capitalism
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- utopian0
JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline
JPMorgan Chase & Co. says it has $26 billion in small business relief applications lined up for when Congress approves more funding for the Small Business Association (SBA’s) popular Paycheck Protection Program (PPP).
The New York-based global financial services company boasted on Friday (April 17) that it has closed more small business relief loans than any other lender, and they have more SMBs waiting for assistance, according to a CNBC report.
- maquito1
Capitalism in 2020:
- 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
- imbecile14
- They also probably lost that much leading up to it, but it’s not liquid anyway, and it’s people with good money sense all over the world making money_niko
- Don't be an apologist for billionaires, niko. This isn't 'people with good money sense' it's people who made more on Jan 2nd than you will your entire life.i_monk
- Resistance is futile. Trump wins 2nd termdrgs
- "it’s people with good money sense all over the world making money"
lol, I thought this place was elevated.i_was - waiting for the trickle.fadein11
- Bernie came 1st place here: https://freebeacon.c…BustySaintClaire
- My point is that anybody with an investment account could make money during this time, Amazon, Netflix, zoom, etc, even the smallest investors_niko
- So why wouldn’t billionaires do the same? And now again billionaires will probably make tons of money on discount stocks as they come back to normal_niko
- As should the rest of us. It’s not rocket science. It is what it is, what do you suggest they or we do? Sit back and let Chinese investors make money instead?_niko
- I don’t think sanders is talking about government handouts here is he? He’s not suggesting they made that money from bailouts and the poor got screwed?_niko
- Also I don’t disagree with the sentiment, there should definitely be some kind of parity, close loopholes, raise taxes let everyone benefit_niko
- there are 520 billionaires in the US with a combined net worth of 2.4 trillion, so they increased their wealth by 10% if my shitty math is right?_niko
- there are also 18.6 million! millionaires in the US so if they also increased their wealth by 10% it's a way larger number than what the billionaires made,_niko
- Sanders being one of them._niko
- wow ! lol, anyone read ?i_was
- Are you referring to what I wrote? Did you read? Care to retort? And what specifically do you think isn’t accurate?_niko
- Like I said it’s shitty that there isn’t a better system in place so the wealth could be distributed better, even ubi, but people making money isn’t wrong._niko
- Don't be thick.i_monk
- you're the thick one if you don't get my point. or maybe i'm not articulating it well.
so what's your fucking point?_niko - "it’s people with good money sense all over the world making money" meaning not just billionaires, and not just Americans, everyone, me, you, whoever._niko
- Yea fuck billionaires just give me Bernie media skim on donationsdeathboy
- You're completely missing the point by reframing this as 'smart people making money' when it's about the absurdly disproportionate amount of moneyi_monk
- in the hands of a superminority, and growing while millions are out of work.i_monk
- imbecile13
- He's not wrong.Continuity
- This is actually more accurate
https://unherd.com/2…Hayoth - Nobody thinks it’s been China’s plan all along, thoughGnash
- Nothing new here...i_was
- @Gnash, sure they do. "Make it in the US" crap but then hey'll whine about paying $3k for an iphone and stocks tanking.formed
- That’s not the same thing, formedGnash
- Offshoring manufacturing and other operations is not just done in America and it develops countries.cannonball1978
- Trump and the Repuplitards also blame China for all the pollution. We also outsourced all of our pollution to them with the manufacturing plants.utopian
- remind me again which political party was responsible to outsourcing manufacturing to China in the 90's? and which political party wants to increase tariffs?hotroddy
- remind me what those tariffs, or any policy foreign policy for that matter (for this admin), has accomplishedformed
- subject matter doesn't lend well for 27 character limit.hotroddy
- utopian4
'Heads we win, tails you lose': how America's rich have turned pandemic into profit.
As 26 million+ Americans lose their jobs, the billionaire class has added $308 Billion to its wealth.
Never let a good crisis go to waste: as the coronavirus pandemic sweeps the world, America’s 1% have taken profitable advantage of the old saying.
Some of the richest people in the US have been at the front of the queue as the government has handed out trillions of dollars to prop up an economy it shuttered amid the coronavirus pandemic. At the same time, the billionaire class has added $308bn to its wealth in four weeks - even as a record 26 million people lost their jobs.
- Yup, there will be a revolution, eventually, at least until there is a guaranteed minimum incomeformed
- (which the billionaires will happily fund to keep from getting lynched)formed
- Gov handouts more aligned with socialism. U should really focus your anger on the enemy than be a puppet of what u dislikedeathboy
- why? why not lynch the political class for enabling this in the first place?grafician
- Takedown the socialist gov!deathboy
- Of course doing that requires quite a bigger loss of real free markets... Can u stomach the fake growth through money policydeathboy
- Giving money to corporations is not socialism you donkey.i_monk
- It's gonna start trickling down anytime now...lolMilan
- haha imonk actually it is exactly socialism. just not your prefered varity or end gamedeathboy
- It's the exact opposite of socialism and you'd know this if you took even a moment to look up what socialism is (you clearly have no idea) or for the first timei_monk
- in your life were honest about your deeply entrenched biases.i_monk
- Bailing out corporations with public money is crony capitalism and has nothing to do with distributing wealth, agency or ownership to the public.i_monk
- Your ignorant bluster might take you far on twitter or in your circle of ignorance, but you are factually wrong.i_monk
- Now go drink some bleach.i_monk
- haha hey you said crony capitalism. Does that share more similarities with free market capitalism or trend more towards socialismdeathboy
- id say socialism. and if you don't like that word facsim,communism,soc... all the same. we can say collectivism.deathboy
- were the few decide for the majority by rule. how to distribute capital for the greater good. in this case and historically all cases will benefit the rich.deathboy
- and connected. wether lenin or any dictator. historically the small majority who "decide" for others on capital and business never help those they promised toodeathboy
- help. so yes call it crony capitalism if it makes you feel better but just a twin sister of socialism or any other collectivism and totally opposite of capitalideathboy
- crony capitalism is like bizarro capitalism in they share the same name but absolutely oppositesdeathboy
- and so you dont get confused. i dont like it as much as you. im just not a muppet of the system. blaming failures of political systems gaming markets for biggerdeathboy
- and bucks while minimizing competition. neverunderestimate a successfuls company desire for protectionary measures form competitiondeathboy
- Shhh, the adults are talking.i_monk
- adults can talk and they can still be very very wrong. perhaps by adult u mean smart enough to dodge a response? just answer is crony capitalismdeathboy
- just a term that has nothing to do with capitalism but political leaders and power that is far more collectivism in functiondeathboy
- u said "Bailing out corporations with public money is crony capitalism and has nothing to do with distributing wealth, agency or ownership to the public."deathboy
- As most collectivism philosophy it usually denies defining the public. For sure corp shareholders are public. more so considering gov pensions. and as much isdeathboy
- distributing wealth. what public did you wish your collectivism would work for and how? run for office with a plan. Every cunt does itdeathboy
- Bailing out owners is not socialism. Period.i_monk
- omahadesigns-4
Made $30k the other day in one day.
- Good for you. What stock?NBQ00
- Or is it just recouping losses from the crash?NBQ00
- We need an Investment of the Day thread omaharobotron3k
- You sold it?monospaced
- 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
- zaq-1
How rich is Jeff Bezos
https://mkorostoff.github.io/1-p…- Fucking obscene, gross and disgusting on many levels.utopian
- His lackluster philanthropic attitude really makes him look like a greedy fucker. I would give a billion here and there and he would never notice.formed
- But all this is mostly virtual moneyz, he'd need A LOT of Amazon wear houses to hold all of his wealthgrafician
- utopian0
Thousands Of Unsold New Cars Are Being Abandoned And Left To Die In Lots. This Is Insane.
This is what the car manufacturers DON’T want you to see. Since overproduction peaked in 2009, thousands of cars have been left in lots to waste away. Many of these photos go back to just post-recession, yet the problem of surplus still exists today!
- utopian4
Wealthiest Americans raking in billions from coronavirus pandemic
As 30 million Americans have lost their jobs over the last six weeks amid the coronavirus pandemic, America’s billionaires are becoming even richer.
According to a new report from the Institute for Policy Studies, a left-leaning think tank, over the past 6 weeks, American billionaires have seen their wealth increase by $406 billion — a boost of just under 14% to their net worth.
- I assume they're just saving up all the cash so they can re-introduce all that money back into society trickle down style.PhanLo
- Trickle up economicsChimp
- Pretty bad economics looking at Central gov fundingdeathboy
- Bad.. basicdeathboy
- It's called inflation and the lowering of rates hurts proper investment while driving assets higher knowing fed can't let themower without political paindeathboy
- 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
- robotron3k-6
- Where have you been? At least 35 million Americans have already been laid off?
#MAGA2020 For Lifeutopian - No, real layoff are starting, not furloughs...robotron3k
- don't worry @robo that will go away like a miracle toorenderedred
- 30+ million people were laid off at the end of April, today is May 11th. This isn't Fox News, Breitbart or OAN...facts matter.utopian
- laid off due to gov quarantine restrictions right utopian? mandate central planning that is opposite of capitalism right?deathboy
- tippy top!inteliboy
- Where have you been? At least 35 million Americans have already been laid off?
- i_monk1
^
- America is really fucked...except for the banks and corporate America. I would've never guessed the outcome.utopian
- wait utopian you never saw mass layoffs if gov restricts most modes of commerce?deathboy
- loldeathboy
- curious what you think would happen in such a scenario? not that you think since you are a copy pasta trolldeathboy
- he's being sarcastic you moron.inteliboy
- no hes not. hes being consistent. gov is doing what he has said is awesome. only it creates what he hatesdeathboy
- you should let him speak for himself. good way to see how much a trolldeathboy
- Quit while you're behindi_monk
- Deathboy scoring home goals againscruffics
- What a fuckwit.monospaced
