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How the US lost its way. And democracy ended
- Thread starter syed putra
- Start date
At the start of the capitalism in America in the early 1800s, the early capitalists accumulated enormous wealth of the labour and time of the masses who were paid pittance wages. These families - many of them hidden behind layers and layers of holding companies and indirect shareholding - form the nucleus of the power elite that still reigns today. The greed and extreme wealth generated resulted in the Wall Street crash of 1929.
The early war and post-war years under Roosevelt and Truman saw a social compact that aimed to distribute wealth and improves workers' rights. This saw America at its greatest and most egalitarian and an economy that grew naturally through goods and services which profited a burgeoning middle class who actually lived the American dream.
From the '70s onwards, with the delinking of the USD to gold and the rapid financialization of the econoomy, America has once again become the most unequal nation in the developed world, with immense wealth concentrated again in the power elite who together with MIC drive economic, social and political policies regardless of which party is in power. Both the Democrats and Republicans are being held hostage to this hidden elite, which actually does not even include the nouveau riche like Bezos or Gates. Since then the economy has been through a boom and bust roller coaster ride, with the 1997 and 2008 crashes being the notable crises. Through it all, the rich got richer, the middle class got increasingly stretched, and the poor class grew.
Today, the top 0.1% of Americans own more than USD1 trillion, and the top 1% owns more than 50% of the country's wealth. If this is the definition of democracy, then the CCP is the definition of utopia. The financial economy is now 4x the size of the real economy. The capital market has been turned into one huge casino with the earnings mainly siphoned off by the top 0.1%. The American dream has more or less disappeared in the past 2 decades.
The early war and post-war years under Roosevelt and Truman saw a social compact that aimed to distribute wealth and improves workers' rights. This saw America at its greatest and most egalitarian and an economy that grew naturally through goods and services which profited a burgeoning middle class who actually lived the American dream.
From the '70s onwards, with the delinking of the USD to gold and the rapid financialization of the econoomy, America has once again become the most unequal nation in the developed world, with immense wealth concentrated again in the power elite who together with MIC drive economic, social and political policies regardless of which party is in power. Both the Democrats and Republicans are being held hostage to this hidden elite, which actually does not even include the nouveau riche like Bezos or Gates. Since then the economy has been through a boom and bust roller coaster ride, with the 1997 and 2008 crashes being the notable crises. Through it all, the rich got richer, the middle class got increasingly stretched, and the poor class grew.
Today, the top 0.1% of Americans own more than USD1 trillion, and the top 1% owns more than 50% of the country's wealth. If this is the definition of democracy, then the CCP is the definition of utopia. The financial economy is now 4x the size of the real economy. The capital market has been turned into one huge casino with the earnings mainly siphoned off by the top 0.1%. The American dream has more or less disappeared in the past 2 decades.
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Kamala's and senile Biden's fault.
Both are mere pawn to their masters.
Netanyahu's speech at the Congress just showed the US who the real boss is.
In the USA the power structure is designed to remain intact regardless of which political party is in power.
A similar situation exists in much of Europe. The EU was created for the sole purpose the establishing a hierarchy that oversees the political process of each member country. It does not matter who gets elected. They will invariably fall in line as it is advantageous to do so.
First they came for the communist.
And then the socialist.
And bashed tbe unions.
And then they came for me.....
There is a third presidential candidate nobidy is talking about as his policies are not what the lobbyist wants.
Robert F. Kennedy Jr. participates in his own debate in Los Angeles after being excluded from CNN’s June 27 event with President Biden and former President Trump.
(Gina Ferazzi / Los Angeles Times)
By James RaineyStaff Writer
July 29, 2024 3 AM PT
And then the socialist.
And bashed tbe unions.
And then they came for me.....
There is a third presidential candidate nobidy is talking about as his policies are not what the lobbyist wants.
Robert F. Kennedy Jr. struggles for relevance as presidential campaign is remade
Robert F. Kennedy Jr. participates in his own debate in Los Angeles after being excluded from CNN’s June 27 event with President Biden and former President Trump.
(Gina Ferazzi / Los Angeles Times)
By James RaineyStaff Writer
July 29, 2024 3 AM PT
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