Frank21

why is the 1.5 Quadrillion Derivatives Bubble not in the list?
http://www.globalresearch.ca/index.p...t=va&aid=12947

Or the endless printing of fake money by the privatly owned Fed, wich causes to devalue the us dollar?

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NetHorse

There is a double edge to all those extreme examples.

Only in America can those companies have profit margins like that. It's the reason why we have more self made millionaires than any other country by an absolutely ridiculous margin.

Everything isn't "equal" in America which contributes to the reason why it's the land of opportunity.

Go find examples of people that came from nothing and are now billionaires anywhere else, it's very rare.

If it weren't for capitalism there would be no;

Microsoft
Apple
Intel
AMD
Linux
Facebook
Twitter
Youtube
Google

There wouldn't be blockbuster Hollywood films with $100 million in special effects you all enjoy so much.

There wouldn't be the largest music industry in the world. A lot of you would be singing a different tune if Capitalism in America was completely erased.

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PornoMonster

You might be shocked at how much UPS pays in insurance and pensions.

PornoMonster

Silly people who want to pay more, shame on them.

clicker

Damn hippies.

BFT3K

Doctor Dre

That and the fact that UPS and FedEx are getting the paying routes, while leaving the bad ones to USPS. If the whole industry was a gov monopoly it would be making a lot more money.

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Sausage

Liberals are so cute. They ignore reality and believe that in their make believe world of pixies and unicorns, and that if large corporations didn't exist then there would be a magical utopia where you could sing songs and dance down lollypop lane.

Of course there are some of us who live in the real world ... oh yeah btw we also pay the tax that allows the liberals to live in their imaginary make believe pixiedust fairytale

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$5 submissions

Best response so far.

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Paul Markham

You're paying the taxes for them. Or do you think them not paying saves you money?

The funniest thing was all the middle to working class screaming the Sarah was great for America and them. Or those here who are paying the taxes the rich don't pay to make up the deficit. And saying this is a best way. Just pawns.

Aren't you proud to be paying the taxes they don't?

Big business and it's owners are not in America because it's better to be in India or Taiwan. They're in America because it's best to be there. But they know if they ship jobs to the Third World to increase their profits, everyone will keep buying. Look at the car you drive for proof, or your washing machine, computer, iPad, etc.

Big business isn't in the job to save jobs. They're in business to cut costs and if that means laying off a few 1,000 workers they will do so. Look at Detroit once the car manufacturing center of America, now what is it?

While you have to keep businesses in America, lower taxes isn't the only way to do it. Start buying nothing but goods made in America and see the jobs flood back.

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TheDoc

It's funny to watch the stupid defend these Corporations, like these corps are all honorable, don't screw anyone over, perfect little pickles... wake up! Some of these corps are responsible for stealing 1/3 of the Countries wealth, including your own.. Truly defending them at any level is... straight up stupid.

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The Demon

You know the Doc doesn't actually post facts right? Nobody even hinted at what he was saying..

While I recognize the power of outsourcing, I try to avoid it even if it means I have to pay more for an American programmer. If everyone would be willing to take a cut to their profits, we'd have little unemployment in this country, like in the 50s. But this is economics, you have to play the game.

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Greed is Good

TheDoc

Money talks... as the money and power of those corps has grown, the influence over the politicians or ability to manipulate them has grown. It seems to a point these days, that they can buy anyone - no mater how honest they started off to be.

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TheDoc

Oh the stain wants facts that corps are screwing us over... what an idiot.

Nobody hinted? I see several people sticking up, defending ideals, etc of the corps.. typical demon spew as usual from you.

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Barry-xlovecam

I guess "socially responsible capitalism" is an oxymoron — silly me ...





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dyna mo

couldn't it be both? corps provide value and they get perks. now the question becomes is it balanced, does it work? has anyone analyzed this that way? seems like the best way, shit like this is never black & white, green or purple.

TheDoc

"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed."

-- U.S. President Abraham Lincoln, Nov. 21, 1864

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dyna mo

yeah, i get that. everything has an ending. the u.s. won't be around forever. nevertheless, the fact remains corps are not fully 100% corrupt and contribute to destroying the republic. my point was it would be interesting to me to truly see what level of value those corps provide or not when everything is taken into consideration.

Kiopa_Matt

The two main reasons the US is broke:

1.) You don't print your own currency. A private corporation does.

2.) Your military is too big!

3.) The US government is basically just one huge mafia family, who are extremely good at putting on a show. For anyone who believes this Democrat vs. Republican show, you're an idiot. They're all friends with each other, and all have a common cause.

PS. For those defending the corporations, remember, governments have national boundaries, whereas corporations don't.

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TheDoc

At one time these corps provided for the people... today, they consume. From natural resources, state resources, fed/state money, tax dollars, jobs and taxes - they're using far more than they're giving all around us. And now they've figured out how to legally get us to pay them, even more at the end of every year - even if you don't use them, you now pay them either way.

The balance is so far lost... and that's before knowing major corps like those on the list, are a monopoly of some kind, many in several ways. Which completely sucks up the free markets around them. If the 1,000,000+ or more small companies could open and compete across the Country, which that money flow could easily support, we would have far more people working across the Country.... spending a shit ton more money - however it would be making 'us' rich vs. 'them' incredibly rich - and we can see they don't like that.

Today, I don't see at any level how those corps provide for our Country, in my eyes they are economic and social terrorists with ultimate power.

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Failed

The top 10 reasons America is broke:
forbes.com/wealth/billionaires

dyna mo

you could very well be right. i was reading an article the other day about how american corps differ from other country's corps, it's primarily ours put profits before jobs. that can change.

TheDoc

Oh yeah, in relation to the quote... To me the keyword is the "enthroned" part. "corporations have been enthroned and an era of corruption in high places will follow"

I don't think that means 100% corrupt, but when Corps have now been given the same rights as me and you, but can't be head legally liable for the choices they make, like and you.. then it is without question that our wealth was stolen, hell.. it was given to them and stolen.

When a normal man goes to prison for screwing up us loan documents and the company that gave him the loan, that plead guilty to pushing the b.s. loans goes clean and free, and he robbed us blind... the message of "all wealth is aggregated in a few hands" is happening right now.

It's funny and sad... the rich, wealthy, elites aren't the 200k to a few billion a year people, these guys got 400 billion, 800 billion, etc bailouts, and some got 100's of millions in return money, after sucking the markets dry, and getting all money lost covered, and they get to retain ownership of the properties after they're responsible for causing the damn mess.

They won 1000% over, no part lost at any level... and if you didn't get caught up in the mess at any level, you still lost out, in some way.. that's screwed up!

The major corps have more liquid cash/assets right now, than ever in the history of our Country, even at our largest peaks, and then... they just got more.

President Lincoln's quote, is happening, it happened several years back, and it continues today.

And now, they're just doing it right in front of us, while giving us the finger.

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dyna mo

isn't that more due to how our government is currently running? when whoever has the most money wins the election, corps are the ones who head the list of *contributions* seems to me whatever needs fixing with corps would be more than simple if the government was not in the way/on the side of them.

mynameisjim

Can someone explain to me how cutting spending can create jobs? The Republicans won the last election based on creating jobs yet all they want to do is cut spending, cut benefits, and break up unions. How does all that create jobs?

But all of this reminds me of a Simpsons episode where the town had a windfall of cash so they held a meeting to decide what to do with it. Mr. Burns stated his idea then someone else said, "I agree with the billionaire, billionaires always do what's best for the average Joe".

That's exactly what is going on right now. Average Joe's are agreeing with the rich as if the rich have the same motives as blue collar workers.

I have nothing against the ultra wealthy, but you have to understand that to become ultra wealthy, you have to have an ENORMOUS appetite for making money, more than anyone here can even understand. Any person or group with that appetite for making money has no internal checks and balances. They will keep consuming until there is nothing left. It's just the nature of the beast. So you can't allow them to have everything they want or eventually they will destroy whatever system they happen to operate in.

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Sausage

It's not the governments job to create jobs. Maybe if you were a socialist or communist country, but last I looked you weren't. Jobs are generally created by the private sector, and unions never encourage the creation of jobs, they do quite the opposite.


That is such a crock, and is just not true. Many ultra rich got there by performing a unique service, by inventing something awesome, by creating something amazing. These people turned the US into a world superpower, made it wealthy, made it prosper.

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TheDoc

The super Corporations did not/do not make this Country a superpower.... the people did and always will be what does it. Without the people, the Corps would have zilch!

What did Bank of America invent, or what unique service do they provide, what is amazing about them? We aren't talking about Microsoft's piss 50 billion in stocks....... BoA got 400 billion in bailouts, is profiting hundreds of millions has profited billions, getting millions back in returns, getting every bad loan made covered with our tax dollars, and getting the property back on every screwed deal they did...

BoA isn't responsible for helping our Country at any level... they are partly responsible for stealing our money, including yours... and taking a big ass chunk of it legally to. If this is a service, it's damn sure one I don't want anymore.

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TheDoc

Aye, it just shows the power they have over our leaders... I think the Corps are trying to set the U.S. Gov to the side, like the Queen is in England.

The take over isn't new... but what is new is how much the major corps are flaunting it, they know they're currently untouchable.

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Sausage

Banks are a different thing ... and yes it is basically legal theft, but its the same in most countries. Banks and before them .. money lenders have been a necessary evil for hundreds even thousands of years.

There are more huge corporations than just banks.

Where did the companies start from? Most of your super big corporations started from a single store, a single person with a great idea or good product.

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Gouge

According to the US Treasury and the records of the Tarp bail-out fund BOA received $20B along with the $118B worth of guarantees against bad assets seeing how they bought Merrill Lynch. For that deal to have been approved BOA agreed to meet strict restrictions on executive pay and keep on the 2,200 employees from Merrill Lynch. Most of the losses from Merrill Lynch that BOA agreed to acquire where from Fanny and Freddie, so they took the almost 1 Trillion loss from that over 10 years knowing the funds to be paid back where guaranteed by the US Treasury.

Your assessment of BOA is more than slightly off to say the least.

BFT3K

If this doesn't piss you off, then you are a totally lost soul....



https://youtube.com/watch?v=0N8M8PjA-Ls

PornoMonster

DOC should love this video, they are "moving" money.

From just listening to the first part, he said the fed gov gives banks money to lend to small business, umm why not just lend it to small business then? Got to make those banks rich.

Yep, I honestly do not know how the banking system works, and just because "that is the way it is and has been", doesn't make it right.. right?

BFT3K

Sunny Day

Want to buy my 18,000 shares of Enron?

Not one of my brighter days.