PainfullyAware

Wall Street Breakfast: Must-Know News

"I think a new name or phrase needs to be coined to better describe the insidious corruption of our present system." - Sober Realist


Corprotocracy - Where Big Biz Owns/Influences The Government And Voting Is Just For Show.




On May 15 12:21 PM Sober Realist wrote:

> I think a new name or phrase needs to be coined to better describe
> the insidious corruption of our present system. "Socialism" suggests
> some sort of "equality for all individuals, with an egalitarian method
> of compensation." That doesn't really describe the wholesale transfer
> of wealth from America to the financial elite that is happening now.
> "Crony capitalsim" is more apt but still doesn't fully describe the
> massive expansion of government that is swallowing up the private
> sector economy. Fascism is too general of a term.
> Statist capitalism sounds best.
>
> "... it really doesn't matter much whether the rulers call themselves
> capitalist or socialist, whether they plunder by concessions and
> taxation through crony firms or straight-out theft from nationalized
> industries....
> Alvaro Vargas Llosa's five "principles of oppression" are
> -corporatism
> -state mercantilism
> -privilege
> -wealth transfer
> -political law.
> "...the ideological professions of the ruling caste are not very
> relevant to the real problems. The critical factor is basic liberty
> for the people, not the favorite economic flavor of the rulers' intellectuals."
>