The Financialization And Corporationalization Of Our Economy

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It’s now common knowledge that the gap between rich and poor is greater than ever, and continues to widen as a result of unchecked capitalism and greed. After capitalism failed and nearly brought down the entire global economy in 2007-08, the dangers of the free market became clear for all to see, and activists promptly took to the streets to protest against corporations and executives, and demand sensible regulations and social welfare policies to close the gap between rich and poor.

Alongside the Occupy Wall Street protests however, an opposing right-wing movement arose, known as the Tea Party, driven by the ignorance of uneducated white working class males. These people demanded more of the same capitalist policies that gave rise to wealth inequality and the 2007-08 financial crisis in the first place, and no matter how liberals attempted to educate them, they persisted in their ignorance. Eventually this movement petered out after the media exposed it as racist and hateful, but these right wingers later regrouped and propelled Trump to the White House, where the same failed free market policies from the Bush era are being implemented once again. 

The technical term for the Republican policies of deregulation and “lazy-fair” capitalism, is corporationalization, which describes the empowerment of corporations over the people. Corporationalization is basically the same as slavery, as workers are forced to work in prison-like cubicles for executives and bosses who sit around all day and play golf while making millions of dollars. In other words, the workers do the WORK, while the people at the top get rich. This is similar to “financialization” which describes the process of large high tech corporations usurping the world’s resources and paying executives exorbitant amounts of money.

So what is the solution to corporationalization? Well, the solution has already been implemented in the past with much success. After World War II, America implemented a top tax rate of 90%, and far from destroying the economy, it led to one of the greatest booms in history. Conservatives argue that no one paid those rates because of the available deductions, but this is fake history, and with the advent of cashless bank accounts, tax evasion will be all but impossible within a coupe of years. 

The right has a dangerous love affair with capitalism which is a threat to civilization as we know it. We cannot let an irrational obsession with the ‘free market’ drive us to even greater wealth inequality. Progressives need to rise up and transform our economy into one that works for everybody, not just those at the top.

trav777

We also need to level things. Diversity levels everything in its path and so we need more diversity to level everything.

Communism is the answer to the unchecked ills of capitalism.

trav777

diversity has leveled NASA too. I am still offended by white male footprints on the moon. Now none of those awful white males can even get into orbit on a NASA craft- THAT’s progress!

drb6
drb6

That is why Trump does not include Saudi Muslims in his travel bans – they are excellent demolitionists.

richandrenee

Stupid white conservatives are against the universal income this proves how selfish they are.

richandrenee

First of all Anon – it’s not “my house” it’s part of the community’s
gift economy assets.

Secondly – we’re getting very tired of your overt racism around here.

richandrenee

We’ll see just how much it’s “my house” once the orange tyrant shames himself and Obama comes back to save the day. I doubt that you’ll be able to pay the federal tax and Obamacare premiums so they’ll take that house and put you in a FEMA camp where you belong!

Black Lives Matter

The so-called “Tea Party” was just a repackaging of the KKK. Teabaggers wanted to reimpose segregation and slavery; their ideal world was one with People of Color in the fields and womyn barefoot and pregnant in the kitchen. Their leader, RuPaul, was basically a reincarnation of Bull Connor. Thankfully, Obama used the IRS to destroy those fascists.

johnny utah
johnny utah

“Progressives need to rise up and transform our economy into one that works for everybody, not just those at the top.”

You should probably add an addendum and state that fucking white males are excluded when you say “everybody.”

Black Lives Matter

I really don’t get you alt-righters. On the one hand, you love cash and recoil at any attempt to ban paper money. On the other hand, you hate the Federal Reserve, which creates paper money. Which is it? Is money the root of all evil, or is it the solution to all evil?

Black Lives Matter

Wait, who is it that conveyed the Ten Commandments? Moses — who was JEWISH. And what ethnicity was Jesus and all of the JUDEO-Christian prophets and apostles? Oh, that’s right: JEWISH. Yet you hate people of Jewish ethnic lineage. Hypocrisy at its finest.

Also, you pretend to be a Christian, yet, as a true hypocrite, you deny the Bible. The Bible says: “For the love of money is the root of ALL EVIL: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” ALL EVIL, not “some” evil.

trav777

the guy who said that was a Roman.

screw desert religions.

Are you seriously here to carry water for the queer Satanists who run Hollywood and the banks?

#hate-speech

Black Lives Matter

Paul (formerly Saul) was a Roman citizen, but he was also Jewish and belonged to the Tribe of Benjamin. You can’t be a Christian and hate people like Lloyd Blankfein, Janet Yellen, or Alan Greenspan. Seriously, Blankfein is doing GOD’S WORK. What is wrong with you???

How can any progressive attack “desert religions”??? What about ISLAM, the RELIGION OF PEACE??? Islam has brought peace and prosperity throughout the Islamic world.

How can any progressive attack Hollywood and the LGBTQQIAP community either? Hollywood has guided America forward towards progress for decades. Look at all the great work films like Brokeback Mountain have done for promoting equality!!!

YOUR COMMENTS ARE HATE SPEECH.

trav777

your consistent Zionist water carrying is hate speech

johnny utah
johnny utah

Strange how $50 bills have a higher valuation that $100 bills. It’s probably due to the quantity manufactured, but I’d like to be more conspiratorial.

Make my votes count
Make my votes count

This article Refers to “Our Economy”. Where have you been the last several years. Has Trump already brain washed you? He said he is “Not the worlds President” .
It is not our economy anymore. It is the Worlds economy. We are just a small cog of the Global economy. We should not do anything with out the approval of WTO and UN global Initiatives. Trump skipped Davos. WE have Treaties that must be honored.
What the heck is “Our Corporations”? Corporations are world wide. That is why they employ more workers from other countries. Most of their shares are owned by foreign investors. Capitalism was killed in 2008. We must let WTO and the world bank determine how much we should tax and how much we should pay workers. And most of all we need to bring the standard of living down so it is equal in all parts of the world. There will be no 3rd world countries. We will all live the same.
I already have my eye on a nice cardboard box to live in. You had better get with the program as well.

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