Jim Morin for October 18, 2009

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    petergrt  about 13 years ago

    It is pretty disgusting what the street has become.

    The institution has been responsible for the amazing industrial growth of America, through capital formation, and provision of such for enterprises that produced goods / wealth and jobs.

    Until it was overtaken by MBA-crowd that developed computer programs designed to make nothing but money, by socializing risk, but capitalizing profit.

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    OmqR-3.0  about 13 years ago

    ^ & ^^ Er, am I observing a couple of ardent Capitalists complaining bitterly about their beloved system? Makes this little capitalist laugh.

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    BLACKCATS  about 13 years ago

    This is not the Capitalist System that I want for our safekeeping!!

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    iamthelorax  about 13 years ago

    Capitalism works well as long as government remember the two following attitudes towards businesses:

    You’re doing well? Congratulations! You’re doing badly? Sucks to be you.

    We currently have the whole d** thing in reverse. Hate and vilify them when they do well, coddle them when they scrape their knees and cry like babies.

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    petergrt  about 13 years ago

    ” … socializing risk, but capitalizing profit.”

    Ain’t capitalism.

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    petergrt  about 13 years ago

    It is no accident that Big Corporations and Big Labor are in love with Big Government.

    That is more akin to Fascism than Capitalism.

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    cjr53  about 13 years ago

    Well, it is a bad thing when you are personally on the short end of the stick, work hard and are only paid minimum wage.

    Look at the fast food joint for example, there are a dozen or so paid minimum wage, and only one Manager, paid a bit better, and perhaps a couple of Assistant Managers slightly ahead of the rank and file.

    The big guy at the top reaps the most rewards on the backs of the many, usually underpaid. There are a very limited number of top guy jobs with the big money.

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    4uk4ata  about 13 years ago

    “” … socializing risk, but capitalizing profit.”

    Ain’t capitalism.”

    Sure it is, peter. Here are the trademarks of capitalism:

    Property/capital is privately controlled - check labor, goods and capital are traded in a market - check. profits are distributed to owners or invested in new technologies and industries - check (distributed to owners) and wages are paid to labor - eh… check.

    Just because it doesn’t look like you think capitalism should look doesn’t mean it is not.

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    petergrt  about 13 years ago

    You have forgotten the “socialization of risk” - bust!.

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    kennethcwarren64  about 13 years ago

    So we all seem to agree that we have to keep control of since Big Corporations ruin things because they are only interested in maximising profits.

    Aren’t most of the Health Care Companies Corporations?

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    meowdam  about 13 years ago

    The citizen is powerless against corporate interests , one of the foulest of all expressions is ” We Have a Responsibility to our shareholders”

    “A government of the people by the people for the people ” A.L.

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    petergrt  about 13 years ago

    Ken Warren and meowdam:

    One could have a more intelligent conversation with a coffee table.

    To paraphrase Barney Frank, no doubt one of your heroes.

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    Simon_Jester  about 13 years ago

    scott, gimme a break…

    Us ‘durty traitor lefties’ were telling you the corporations needed to reined in all during the Bush years, but did you want to listen?

    Noooo, you were too busy calling us ‘anti-business’ ‘communists’ and the like.

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    charliekane  about 13 years ago

    scottleftisttas?

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    cdward  about 13 years ago

    NeoconMan, love your avatar! A Monty Python fan, I see. Very Right of you.

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    nomad2112  about 13 years ago

    I had heard that 1 in 25 people are true sociopaths but, I seriously doubt that they all work on Wall Street.

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    deadheadzan Premium Member about 13 years ago

    So it’s a Monty Python avatar, eh? You tricky NeoCon.

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    comYics  about 13 years ago

    That avatar kinda looks like fat bas tard on Austin Powers, and Click.

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