Wednesday, October 7, 2009

"Corporate Communists are killing us"

This is a "must watch" (or "must listen" rather) for people who are naive enough to fall for all the "Capitalism is evil" chants by people like Micheal Moore. You point out to the flaws of the current system and say: Capitalism failed us. But the real question to ask yourself is : Is the current system really Capitalism?

Here is a clip about how CNBC analyst Dylan Ratigan coins the current flawed system: 'Corporate Communism'. It might sound harsh to people, but if you really look into it, it has some truth to it. Would you agree these are a few of the problems that exist in the current system: Lack of choice, lazy, unresponsive customer service, a culture of exploitation and a small powerbase formed by bureaucrats, cronyism and nepotism? These are the very features in a Communist society. And the similarities do not end there.

In the clip he starts with Health Care (insurance companies etc), then banking and all the bailouts. Here is a summary of facts highlighted by Ratigan that makes his point:
  • "The beneficiaries of an ongoing $24 trillion taxpayer-funded bailout...$24 trillion dollars."
  • "That is national capital that is being sucked into a broken banking system at the expense of the rest of our country. They continue to use "Too Big To Fail" as blackmail to the taxpayer in order to get us to provide capital to them."
  • "It is a system that takes resources from the citizenry and redistributes it to a tiny elite."
  • "A handful of weak, un-competitive, outdated companies and industries are purchasing control of the American political system in order to stay in business using their cronyism.
  • "It is coming at the direct expense of the rest of us in this nation. And it's a total betrayal of everything that represents America."

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