Capitalism

‘Capitalism is Mother Earth’s Cancer’: World People’s Summit Issues 12 Demands

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FYI.

– ‘Capitalism is Mother Earth’s Cancer’: World People’s Summit Issues 12 Demands:

The establishment of an independent climate tribunal to hold wealthy nations accountable emerged as a central goal of conference in Bolivia

Decrying capitalism as a “threat to life,” an estimated 7,000 environmentalists, farmers, and Indigenous activists from 40 countries convened in the Bolivian town of Tiquipaya for this weekend’s World People’s Conference on Climate Change, aiming to elevate the demands of social movements and developing countries in the lead-up to upcoming United Nations-led climate talks.

“Capitalism is Mother Earth’s cancer,” Bolivian President Evo Morales told the crowd, which also heard over the course of the three-day conference from United Nations Secretary-General Ban ki-Moon as well as other Latin American leaders.

Read more‘Capitalism is Mother Earth’s Cancer’: World People’s Summit Issues 12 Demands

Keiser Report: Sovietization Of Capitalism (Video)

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24.02.2015

Description:

In this Keiser Report, Max Keiser and Stacy Herbert discuss removing the document to remove the men who rule our bureaucratic world – from their mountains of derivatives paperwork, which has added nothing to global GDP to the piles of QE, which has added merely more paper gains to an over-bloated stock market.

In the second half, Max interviews David Graeber about his new book, The Utopia of Rules: On Technology, Stupidity and the Secret Joys of Bureaucracy. They talk about the Sovietization of capitalism as more and more paperwork and more and more contracts are required for the simplest of every day financial exchanges. Max introduces the concept of a Fee-ocracy which believes in the ideology of fee-ism, whereby spinning enough contracts and debt makes us all rich as epitomized by the practice of Quantitative Easing which is printing paperwork.

Obama’s ‘Socialism’ Experiment Brought Home

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– Obama’s ‘Socialism’ Experiment Brought Home (ZeroHedge, Nov 8, 2013):

Submitted by Martin Armstrong via Armstrong Economics,

An economics professor at a local college made a statement that he had never failed a single student before, but had recently failed an entire class. That class had insisted that Obama’s socialism worked and that no one would be poor and no one would be rich, a great equalizer.

The professor then said, “OK, we will have an experiment in this class on Obama’s plan”.. All grades will be averaged and everyone will receive the same grade so no one will fail and no one will receive an A…. (substituting grades for dollars – something closer to home and more readily understood by all).

Read moreObama’s ‘Socialism’ Experiment Brought Home

Must See Interview With Nassim Taleb (Video)

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– Taleb On “Skin In The Game” And His Disdain For Public Intellectuals (ZeroHedge, Jan 26, 2013):

Nassim Taleb sits down for a quite extensive interview based around his new book Anti-Fragile. Whether the Black Swan best-seller is philosopher or trader is up to you but the discussion is worth the time as Taleb wonders rigorously from the basic tenets of capitalism – “being more about disincentives that incentives” as failure (he believes) is critical to its success (and is clearly not allowed in our current environment) – to his intellectual influences (and total disdain for the likes of Krugman, Stiglitz, and Friedman – who all espouse grandiose and verbose work with no accountability whatsoever). His fears of large centralized states (such as the US is becoming and Europe is become) being prone to fail along with his libertarianism make for good viewing. However, his fundamental premise that TBTF banks should be nationalized and the critical importance of ‘skin in the game’ for a functioning financial system are all so crucial for the current ‘do no harm’ regime in which we live. Grab a beer (or glass of wine, it is Taleb) and watch…

Via Redmond Weissenberger of the Ludwig von Mises Institute Of Canada,

A must see interview with Nassim Taleb

Nassim Nicholas Taleb is a former trader and hedge fund manager, a best-selling author, and a ground-breaking theorist on risk and resilience.

Taleb drew wide attention after the 2007 publication of The Black Swan: The Impact of the Highly Improbable, which warned that our institutions and risk models aren’t designed to account for rare and catastrophic events. Among other things, the book cautioned that oversized and unaccountable banks using flawed investment models could bring on a financial crisis. He also warned that the government-sanctioned housing finance agencies, Fannie Mae and Freddie Mac, were sitting on a “barrel of dynamite.”

One year after The Black Swan was published, a global banking crisis was brought on by the very factors he identified.

Read moreMust See Interview With Nassim Taleb (Video)

Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism

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– Americans Aged 18-29 Have A More Favorable Response To Socialism Than To Capitalism (ZeroHedge, Nov 1, 2012):

In the prior post, we showed a presentation that looked at America from the perspective of a corporation and how it would be completely unsustainable. Luckily, there is little probability that America will ever have anything to do with S-Corp status, and far more likely end up as an agrarian Kolhoz. The reason: based on a Pew survey of America’s youth, or those aged 18-29, more have a positive view response toward Socialism than they do toward Capitalism. We will leave it at that.Socialism: 49% Positive / 43% Negative:

And Capitalism: 46% Positive / 47% Negative:

 

Hypocrite Michael Moore: ‘Capitalism Is An Evil System’ – ‘I’m Not Part Of The One Percent’ – Now Meet His Elite Luxury Mansion 99 Percent Of Americans Can Only Dream Of

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There is no real capitalism on this planet right now, only corporatism, which is economic (‘soft’) fascism.

Michael Moore knows nothing about capitalism, but it is (broken) capitalism that made him rich.

See this:

– ‘Hypocrite’ Michael Moore: ‘End Capitalism’ Not The Fed – Peter Schiff Rebuttal At Ron Paul Rally (Video)

– Ron Paul Destroys Michael Moore On Larry King (Video)

And Obama is not a socialist, he is a corporatist (elite puppet president).

Michael Moore at Occupy Oakland: Capitalism Is An Evil System

YouTube

Michael Moore: ‘I’m Not Part Of The One Percent’


Pricey: Michael Moore’s sprawling second home on Torch Lake, Michigan has been valued at around $2 million

– Luxury 99 per cent of Americans can only dream of…Michael Moore’s stunning waterfront mansion revealed (Daily Mail, Nov. 13, 2011):

He is the booming voice of the Occupy protests, encouraging activists to continue their battle against the wealthy one per cent of Americans.

But it seems left-wing documentary maker Michael Moore has been uncharacteristically quiet about one thing: his own wealth.

While Moore has denied he is among the top-earners in the country, tax records show he owns an extensive property in one of the country’s most elite communities.

Conservative blogger Andrew Breitbart posted the details Thursday, detailing Moore’s large holiday home on Torch Lake, Michigan.

The documentary film maker owns the luxurious lakeside escape in addition to his pricey Manhattan residence.

The spacious 10,000 sq ft property is a far cry from the scene of tightly-packed tents near Wall Street in New York City.

Read moreHypocrite Michael Moore: ‘Capitalism Is An Evil System’ – ‘I’m Not Part Of The One Percent’ – Now Meet His Elite Luxury Mansion 99 Percent Of Americans Can Only Dream Of