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Capitalism vs. Socialism a Short History Lesson/ Behind the Occupy Wall Street Protests

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Comments (28)

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  1. Luke Gouldy says:

    I wrote this as a rebuttal to another pro capitalism aricle here, but the site was so kind as to recommend other articles regarding the subject. Of course, a slightly different topic here- the demonization of those brave enough to gather and speak out about the problems mentioned below, as well as many others, and the supposed desire for the installation of a system under the framework of known history. Despite this allegation, Occupy scholars surely expect that something new is needed.

    Our main problem fundamentally regarding the current form of capitalism is that it has outgrown itself. Before the days of freight ships and trains, when almost all goods and services consumed were located and manufactured within a limited radius, the free markets ideology worked. Imports would wash with exports typically, but corruption always being a systemic problem in populated areas with significant hierarchy. Over the last century, or so, we have dismantled our already too large national economy under the systems requirement to value profit over all else including humanity.

    Jobs lost to technology advances, industrial improvements, and mechanization continue to shrink opportunity for a middle class lifestyle, despite a growing population. It’s just numbers.

    We are not in a recession or depression, we are in a decline. There will be no further cycles, as cycles require constants.

    To continue with the system under a ‘global order’ would mean a continuing decline of America’s middle and lower classes until a global mean is met.

    It is unfair to your friends, family, neighbors, and the people who sit next to you at church to continue to promote a system that is no longer equitable. *Those of you promoting the demonization of protestors should also be ashamed. I’m sure I know how you would have felt about the treatment of historical protestors who demanded safe working conditions, days off, equal pay and such. They were routinely murdered by officials and corporate security/gangs, in case you didn’t know. But those of you critical of the Occupy patriots don’t forego these gains today.*

    “I don’t know what to do, I don’t have all the answers. But what I do know is that I’m mad as hell, and I’m not going to take it anymore.”

    Learn more that you don’t know at the Facebook page-
    Normal Americans Waking Up

  2. I have one thing to say, and it’s rather simple. The fact that we can do this right now, and have the posts stay up, the different opinions expressed, and a healthy debate take place, is why this country is great. Tea Party Movement or Occupy Wall Street – that’s why it’s America folks!

  3. Edward G. says:

    Obama is not involved. But this is a perfect manifestation of the class warfare he created and rode to power. It’s all he’s got now, and his demonization and lies about wealthy people and big companies have been swallowed by the vast ocean of ignorants in America and they have come out to denounce capitalism and demand the rich be taken down.

    This is the fruit of Obama’s crusade of division. Obama was supposed to be the healer, the guy that would bring all sides together. Instead, he became the great divider for his own selfish purposes.

    • Anonymously yours says:

      Edward,

      That’s only more of the same spin that avoids dialog on the nature of what really is pressing. We’re likely done with wasting time in dishonest debates like, is “this is the fruit of Obama’s crusade of division” or not. And DJ’s comments on this page about protesters being urine-soaked. Good grief.

      We are bringing, very effectively, our issues to the table. In that, we’ve shifted the media debate away from cuts and deficits and towards a discussion about income inequality and finally, thank God, about jobs.

      Even House Majority Whip Eric Cantor is forced to play on our issue turf. He’ll talk about income disparity in a speech at the Wharton School at the University of Pennsylvania this week. This past weekend he said on the FOX NEWS political entertainment channel: “Well, we need to both go encourage those at the top of the income scale to actually put their money to work to create more jobs so that we can see a closing of the gap. You know, we are about income mobility and that’s what we should be focused on to take care of the income disparity in this country.”

      Your conservative leaders are feeding y’all your talking points, pay attention because you all will step up to address the topic in an honest way eventually. Or not. Some won’t… and the constitutional political process in this country will replace and leave behind those who refuse. Cantor already sees his need for a shift of meme.

      As a friend shared, “if you insist on hijacking honest debates about our future by calling it Socialistic Hitler Fascist Death Panel WMD Terrorist Job Killing Kenyan Muslim Regulation Tyranny you should no longer be taken seriously. We don’t have time for your dishonesty. You are not part of the solution, you are part of the problem. Consider #OccupyWallStreet a nationwide intervention, because some people are drunk on greed and power.”

      We’ll wait only so long for holdouts to bring themselves up to speed and engage our issues. OWS will advance this needing dialog between and among the American people. Obviously. You can try to catch up with all of us later, if you want to.

  4. Bonnie In Va says:

    Wondering why people are blaming businesses for making money? Tax loop holes let these companies get out of paying taxes. INCREASING the taxes on EVERY company that makes 500,000+ a year – NOT helping our economy. Increasing regulations on companies that PUT people to work… not helping our economy. Investing more money into RESEARCH … instead of DEVELOPMENT of products we already KNOW will help our environment … not helping our ECONOMY. Seeing a guy holding a sign that says he has 25k in Student loans… when I know 6 of 7 students that take classes like yoga to keep their GPA up.. so they can get MORE $… Not making me sympathetic. WHY do students in college NEED a health credit like that???

  5. Todd says:

    If I may, I am seeing a very ill informed news media out there. For example, Their list of demands ACTUALLY include the following: (let us remember, these kids are fresh out of college with degrees in economics, and no way of paying their student loans. Not just a bunch of stoners like the old days. times have changed.
    Thank you for allowing me this say.
    1-INVESTIGATE, ARREST AND TRY THE WALL STREET CRIMINALS (Is bundling toxic debt into “AAA” status loans and leaving entire economies in ruin, illegal? one of many examples.
    2-CONGRESS ENACT LEGISLATION TO PROTECT OUR DEMOCRACY BY REVERSING THE EFFECTS OF THE CITIZENS UNITED SUPREME COURT DECISION -(we really do need to get BIG MONEY out of our government from the top down, even Warren Buffett says that.
    3-ACTION ON GLASS-STEAGALL http://en.wikipedia.org/wiki/Glass–Steagall_Act — Wiki entry summary: The repeal of provisions of the Glass–Steagall Act of 1933 by the Gramm–Leach–Bliley Act effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks. Most economists believe this repeal directly contributed to the severity of the Financial crisis of 2007–2011 by allowing Wall Street investment banking firms to gamble with their depositors’ money that was held in commercial banks owned or created by the investment firms.
    4-CONGRESS PASS THE BUFFETT RULE ON FAIR TAXATION SO THE RICH AND CORPORATIONS PAY THEIR FAIR SHARE & CLOSE CORPORATE TAX LOOP HOLES INCLUDING PROHIBITION ON HIDING FUNDS OFF SHORE. Pass the Buffet Rule on fair taxation so the rich pay their fair share.
    5-CONGRESS COMPLETELY REVAMP THE SECURITIES AND EXCHANGE COMMISSION AND STAFF IT AT HIGHEST AND LOWEST LEVELS WITH PROFESSIONALS WHO GET THE JOB DONE PROTECTING THE INTEGRITY OF THE MARKET THEREBY PROTECTING THE AMERICAN PEOPLE AND INVESTORS.
    6-RE-ESTABLISH THE PUBLIC AIRWAVES IN THE U.S. SO THAT POLITICAL CANDIDATES ARE GIVEN EQUAL TIME FOR FREE AT REASONABLE INTERVALS IN DAILY PROGRAMMING DURING CAMPAIGN SEASON.
    7- CONGRESS ENACT SPECIFIC LAWS THAT EFFECTIVELY BUILD A WALL BETWEEN THE DEFENSE INDUSTRY AND THE U.S. MILITARY. If we’re going after corruption and also trying to reduce all the unnecessary wars that are costly in so many ways (most importantly costly in terms of human life on both sides), then this is the GRANDDADDY OF ALL REFORMS. Any of you who have seen the award winning widely popular documentary “Why We Fight” will realize the HUGE impact of this. Here’s a snippet of Eisenhower’s brave speech.

    “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the militaryindustrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.”

    Like I said, the news media is making them out to be a bunch of rag tag, bongo beating stoners, but I believe they are in many cases, VERY WELL EDUCATED. no way of paying off their student loans, and basically no future, and nearly everyone reading this knows this to be true.
    Good night,

    • DJ Redman says:

      Kids with economics degrees, standing with people demanding a living wage “regardless of employment?” What planet do you live on Todd? Would you put your life’s savings in the hands of a tattooed, urine-smelling, long haired freak who looks like he has been on a lifelong crack binge?

      Personally, if I had a valid reason to be at a protest, and saw a bunch of lunatics making the ludicrous demands these wanna-be Socialists and anti-Americans are making…. I wouldn’t be caught near them, period. I,d get the hell out out there, as my protest would be invalidated by associating with the Communists, Anarchists, Socialists and Union political vote-buying activists that we see at these protests now. But then again, I am a firm believer in American freedom and prosperity, the result of which stems solely from our free market system of the past 200+ years, while these protesters seem to want nothing more than a free ride. Erase all debt! Give me a job whether I am qualified or not! Everyone deserves a house, regardless of the ability to pay for it! VIVA la Revolucion! And the most ridiculous propaganda statement of all, to come out of these protests: We are the 99% !