Re: Revolution finally?
We can have a mature discussion without character assassinations. When talking about who is young here and who is "brainwashed" first off make your points without attacking the person you are arguing with - this is pretty helpful to heed in arguments in general.
What I am specifically talking about is what factors contributed to the financial woes of the world in the last few years, not about the broad implication of capitalism mixed in with democracy. When analysing such a complex event, you have to look at all the elements that contributed to the financial woes. Yes there were people in corporations and banks, whose greed and at times crimes added to the burden of the financial crisis. With all that said and done, you must also not forget the people who took out loans they couldn't afford! You have people buying million dollar houses that are way beyond their budget and buying things they have no money for. In the end, declaring bankruptcy or being foreclosed, and so forth. You cannot overlook the harm those people have done also. When it comes to "democracy and capitalism" - the problem really is the fact that in a country like US, big businesses and corporations are over-represented and have to much power, coming both from their very strong lobbying (legal bribery) and the fact that the American political culture is very favourable towards big business than lets say Western European countries. Thus they have a lot of power in what they can do, and there's little that a small worker of such a company can do. The culture puts forth rather minimal regulation of such companies by the government and thus they can do pretty much what they want. For example, outsourcing jobs to India and kicking out workers not in India. Just research the defence companies of America and their lobbying. I would say that the system in place in America is not 'democracy' but rather corporate democracy - mixed in also with strong special interests, especially the Israeli lobby.
Originally posted by Haykakan
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What I am specifically talking about is what factors contributed to the financial woes of the world in the last few years, not about the broad implication of capitalism mixed in with democracy. When analysing such a complex event, you have to look at all the elements that contributed to the financial woes. Yes there were people in corporations and banks, whose greed and at times crimes added to the burden of the financial crisis. With all that said and done, you must also not forget the people who took out loans they couldn't afford! You have people buying million dollar houses that are way beyond their budget and buying things they have no money for. In the end, declaring bankruptcy or being foreclosed, and so forth. You cannot overlook the harm those people have done also. When it comes to "democracy and capitalism" - the problem really is the fact that in a country like US, big businesses and corporations are over-represented and have to much power, coming both from their very strong lobbying (legal bribery) and the fact that the American political culture is very favourable towards big business than lets say Western European countries. Thus they have a lot of power in what they can do, and there's little that a small worker of such a company can do. The culture puts forth rather minimal regulation of such companies by the government and thus they can do pretty much what they want. For example, outsourcing jobs to India and kicking out workers not in India. Just research the defence companies of America and their lobbying. I would say that the system in place in America is not 'democracy' but rather corporate democracy - mixed in also with strong special interests, especially the Israeli lobby.
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