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Posts Tagged ‘Banksters

Cartoon: The populist menace

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U.S. No Longer An Actual Democracy- Princeton Study

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Princeton Study: U.S. No Longer An Actual Democracy

By Brendan James  April 18, 2014    TPM

A new study from Princeton spells bad news for American democracy—namely, that it no longer exists.

Asking “[w]ho really rules?” researchers Martin Gilens and Benjamin I. Page argue that over the past few decades America’s political system has slowly transformed from a democracy into an oligarchy, where wealthy elites wield most power.

Using data drawn from over 1,800 different policy initiatives from 1981 to 2002, the two conclude that rich, well-connected individuals on the political scene now steer the direction of the country, regardless of or even against the will of the majority of voters.

TPM Interview: Scholar Behind Viral ‘Oligarchy’ Study Tells You What It Means
“The central point that emerges from our research is that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy,” they write, “while mass-based interest groups and average citizens have little or no independent influence.”

As one illustration, Gilens and Page compare the political preferences of Americans at the 50th income percentile to preferences of Americans at the 90th percentile as well as major lobbying or business groups. They find that the government—whether Republican or Democratic—more often follows the preferences of the latter group rather than the first.

The researches note that this is not a new development caused by, say, recent Supreme Court decisions allowing more money in politics, such as Citizens United or this month’s ruling on McCutcheon v. FEC. As the data stretching back to the 1980s suggests, this has been a long term trend, and is therefore harder for most people to perceive, let alone reverse.

“Ordinary citizens,” they write, “might often be observed to ‘win’ (that is, to get their preferred policy outcomes) even if they had no independent effect whatsoever on policy making, if elites (with whom they often agree) actually prevail.”

95% of Income gains going to top 1%

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from The Benefits of Economic Expansions Are Increasingly Going to the Richest Americans

NYT 09/26/14       [Some call it Capitalism- looks more like Cannibalism…..]

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The Finance Industry has Effectively Captured our Government

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In 2009, the Atlantic published an article by Simon Johnson titled The Quiet Coup:

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

Quite simply said- and pretty damn obvious as well. Corporate powers now also dominate the media to effectively suppress conversations about both the coup and what we can do about it. Info overload does the rest.

I believe 70+ % of Americans agree about this state of affairs but most don’t know they have so much company – often because they are encouraged to use divisive rhetoric to express it so that gridlock appears to be the problem.

If TPP becomes a reality, we have no chance of ever getting our country back. Don’t you think it’s about time to loudly protest the theft of Democracy?? ISIL is no threat compared to this one! in fact it’s a joke.

Bugger the Bankers! official video

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Written by laudyms

March 25, 2014 at 9:37 am

You think you have free speech? just try to use it…..

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Bank of America
by jonathanturley      6/26/13

banksters

Jeff Olson, 40, is facing a potential 13-year jail sentence for perhaps the world’s most costly sidewalk art. A former aide to the U.S. Senator from Washington, Olson used water-soluble statements like “Stop big banks,” and “Stop Bank Blight.com” outside Bank of America branches last year to protest the company’s practices. He eventually gave up his protest but prosecutors later brought 13 charges against him. Now a judge has reportedly banned his attorney from “mentioning the First Amendment, free speech, free expression, public forum, expressive conduct, or political speech during the trial.” It appears someone associated with Bank of American could finally go to jail, but it will not by the bank officials in the financial scandal. It is the guy writing slogans in chalk in the sidewalk.

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Free Trade and Unrestricted Capital Flow: How Billionaires Get Rich and Destroy the Rest of Us

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neoliberalism_chart

Excellent article at Naked Capitalism: Free Trade and Unrestricted Capital Flow: How Billionaires Get Rich and Destroy the Rest of Us
tho I wonder if some who could benefit from reading this would quit too early because of finance-specific language? Take heart! read at least as far as this part:

There’s a straight line between “free-trade” — a prime tenet of both right-wing Milton Friedman thinking and left-wing Bill Clinton–Robert Rubin neoliberalism — and wealth inequality in America. In fact, if the billionaires didn’t have the one (a global free-trade regime) they couldn’t have the other (your money in their pocket). And the whole global “all your money are belong to us” process has only three moving parts. Read on to see them. Once you “get it,” you’ll get it for a long time…

And this part:

In its simplest terms, “free trade” means one thing only — the ability of people with capital to move that capital freely, anywhere in the  world, seeking the highest profit. It’s been said of Bush II, for example, that “when Bush talks of ‘freedom’, he doesn’t mean human freedom, he means freedom  to move money.” (Sorry, can’t find a link.)

At its heart, free trade doesn’t mean the ability to trade freely per  se; that’s just a byproduct. It means the ability to invest freely  without governmental constraint. Free trade is why factories in China have  American investors and partners — because you can’t bring down manufacturing  wages in Michigan and Alabama if you can’t set up slave factories somewhere else and get your government to make that capital move cost-free, or even  tax-incentivized, out of your supposed home country and into a place ripe for  predation.

Welcome to the Brave New World of pump and dump.

related: Cyprus Has the Global Money Elite’s Fingerprints All Over It

and another: When Capitalism only works for the wealthy

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