Posted on 05/16/2006 9:05:47 AM PDT by jpsb
I have for many years now, been warning of the age old battle between the super rich and the middle class. Only in the usa during the 19th and 20th century, did the middle class win that battle. During the 19th and 20th century in the usa the power of the super wealthy was curtailed. Government enacted laws that protected the middle class and encouraged exspandsion of the middle class.
Anti-trust laws prevented the super rich from gaining control over entire industries. Today these laws are ignored. Labor laws enabled workers to bargain for a living wage. Today these laws are ignored. Trade laws protected American manurfacturs and labor from unfair foreign competition. Today these laws are ignored.
The super wealthy gained control of the government via lobbyists arguing corporate interests over middle class interests.
Also interesting to note that the poor class always sides with the super rich, since the super rich give the poor bread and circus.
Why do the super always fear the middle class? Because a middle class can threaten the interests of the rich. A middle class that has it own means of generating wealth is not dependent on the rich, it's a wild card that might very well sack the rich.
Ever wonder why the wealth generating machines of the usa (manufacturing) are being moved overseas? Wonder no more, the rich want to break the back of the American middle class by taking away the middle classes ability to generate wealth. Ever wonder why the rich want to flood the usa with uneducated poor from totarian nations? Wonder one more, these people will be the hammer that will enforce the policies the rich (government) want enforced. Publicly objects to government policies like bilingualism or immigration or entitlements for the poor and you will get your ass kicked by the "new" Americans.
This is what is happening, the global monied elites do not give a damn about the usa or it citizens. The global monied elite in control of our government see the uppity American middle class and it quaint Constitution as a threat. We that believe in the Constitution, G*d and the rule of Constitutional law are about to be made extinct so that the world will be a safe place for the elite families of the world and thier coporate/government servants.
Unbelievable. Do you understand anything about productivity and the impact it has on our standard of living? Do you have any grasp of how capital is formed and how capital formation leads to innovation?
"...not even Bill Gates (the richest man in America) could bail out the NYSE today.."
I think he's the richest in the world right now, but I digress. He could bail out of hte NYSE any time he wants. Life would be different, but please ..... we need him more than he needs us anymore.
So I went there instead, and to my surprise, found this:
It is an article of faith among many liberal Democratic partisans that a significant percentage of people who vote for Republicans are willfully voting against their own class interests. They are being suckered, the argument goes, by the Republicans' disingenuous appeals on issues of cultural morality and by simplistic calls for a less meddlesome government.Source: The Progressive Policy Institute, The Trouble With Class-Interest Populism
Net worth of Bill Gates: About $30 Billion
Average 1 day of transaction on the NYSE: 1.8 Billion Shares worth $69 billion dollars for companies worth $22.5 trillion dollars.
No way...
"In other words, they gouge the American public much less than American workers."
I don't believe I've seen another freeper who is more consistently anti-American in their posts than mc6809e. I want to thank this poster for his/her consistency and showing what many globalist/free traders think.
Cool. That would go nicely with my Gus Hall/Jarvis Tyner 1976 campaign poster.
According to this, he did both.
In 1907 Morgan quelled a stock market panic and a national financial crisis by organizing fellow private bankers to bail out the US Treasury, providing funding as well as designating distribution of their financial aid. Morgan also used his international interests to stabilize the gold standard, and when the stock market hit a crisis, facing early closure when the exchange could not cover trading, Morgan's influence and reputation enabled him to call together fellow financiers and furnish the exchange with $20 million (organized in 10 minutes) to keep Wall Street trading from collapsing.
PPI....EPI....Communist.....Socialist....
I undersand your point and you are correct, but I prefer to call these people the servants of the ruling class. While not entirely true, it does tend to help my argument and there is a lot of truth in it too.
If Bush gets his way with immigration policy adding over 100 million+ people in the next 20 years, there will only be the peasant class workers and the ruling class rich that control them that will be left in this country. The middle class will eventually (50 years or less) being squeezed out.
That is selective, Pat Buchannan-like, protectionism. I'm not sure how you would even enforce such a tarriff. If Ford is punished for moving a plant to Mexico, by imposing a tarriff on Ford products imported from Mexico, then what's to prevent Ford from re-labelling and selling their products to a middle-man to avoid the tarriff? What's to prevent Ford from establishing a front company in another country?
On the flip side, should we subsidize foreign companies that build factories in America (with non-union labor) like Toyota and Honda?
Protectionism worked very nicely for most of our history. What is wrong with protecting our industries and our workers?
How did protectionism work out for Argentina?
Protectionism worked very nicely for most of our history. What is wrong with protecting our industries and our workers?
It would have if this had been a thread concerning money and people. Reality has no place here, this thread is just a good old wobbly thread from our college days. Just like old times --hey gang, let's all sing together.
♪♫♪"and the banks are made of marble, and there's guards at every door.." ♫♪♫
Let's stop Toyota from selling Americans quality products. It's unfair to GM and the UAW.
United States' history is one of global trade going back to before Washington's administration. The patriots rioted in Boston against tea protection and that started the war of independence. The first US embassy was set up in Holland to negotiate trade pacts; the idea was to open up China once Europe was on line. To this day, it's the limp-wristed tea drinkers who need protection and it's the deep voiced imported coffee drinkers that don't.
Horse and buggies worked well, too... So did slavery... and allowing only white land-owners to vote...
Welcome to the 21st century. It's a global economy now... make yourself useful and you will succeed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.