The KGB Oracle Forums General Public Discussion (SPECIAL ACCESS) KGB Political Debate Central " I am the 1% - Lets talk " - Awesome article

While my post didn't go into "proper form", above agrees with my point of view. Investment is absolutely necessary for properly functioning economy, but don't confuse it with high-speed trading, hedge funds, naked shorting, derivative markets and number of other "money games" that compromises the system by artificially inserting middle man. This is even before you take into account cronyism and other abuses of political system Derid mentioned. As I said many times before - capitalism is inherently self-corrupting system with concentration of wealth being key corruption vector.

I would say it is corrupting when the Fed Govt becomes too labyrinthine and opaque to provide any sort of real accountability.

The wealth concentration in this country has occurred in parallel to the increasing size and expenditure of Govt and increasing power and lessening accountability of the Fed. Normally this type of wealth concentration cannot occur in a free and competitive market, it happens when the govt is underwriting/aiding certain insider groups.

Capitalism may be self-corrupting, but so is every single political and economic system known to man. So mentioning Capitalism in particular is rather disingenuous.

so we are all in agreement that big money cartels, connections between power abd money, fiat currency, are all huge problems leasing to our destruction. One person seems to beliege this only happens under capitalism. hmm

in soviet union, party members had their own, superior stores and cacation houses
in china they have express lanes (congressional license plates)
in cambodia only party members could have cars
in the old days only the king could wear purple

when you account for human nature, every system is corruptable. the one thing that capitalism has been able to do, that no other system has done, is increase everyones standard of living exponentially.

the poor in america dont starve, they get diabetes
the poor have smartphones, tvs, air conditioning, clean water, hot water, cars, many own a house. on a global scale, no one in the us is poor.

that is capitalisms claim to fame. the socialism many here seem to favor will not work for the us. Who will subsidize our defence the way we have protected europe and the western hemisphere? china?