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To: blam

We don’t have a capitalist system, at least not as to larger corporations, banks, etc. We are closer to a fascist system, where corporate advantage is largely gained by purchasing favors from congress or state legislatures.

Nor is it a market system regarding creation of consumer or corporate debt. The discipline of the market has been replaced almost completely by government cheerleading to borrow more money.

So when the system collapses, it won’t be a capitalist system collapsing.

Small businesses still operate in a mostly capitalist way. They may forestall the collapse for a while.


8 posted on 12/21/2009 10:34:27 PM PST by ModelBreaker
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To: ModelBreaker
We are closer to a fascist system, where corporate advantage is largely gained by purchasing favors from congress or state legislatures.

Closer to corporatism, at least until the jackboots are set upon us.

14 posted on 12/22/2009 2:22:25 AM PST by Vet_6780 ("I see debt people")
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To: ModelBreaker

That is spot on, by my analysis of our situation.


19 posted on 12/22/2009 3:23:19 AM PST by FreedomPoster (No Representation without Taxation!)
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