Saturday, April 14, 2012

Taking the capital out of capitalism

It's called "capitalism" for a reason. It operates on glorious excess -- profit.

See, that's when you have a little more than you need and you use that to expand your productivity.

"Capital" is the excess.

Like.... suppose you grow potatoes. You grow, say, 10 acres of potatoes. You keep the potatoes from five acres to feed yourself and family. You sell four acres worth to cover your operating expenses, pay your workers, etc. You keep one acre to use to seed the field next year.

That one acre is your profit. You avoid consuming it and protect it even if it means cutting back a little bit now.

Because that one acre is what you need to plant next year.

That's your future. That ensures that you have a future.

The Comrade first went after the banks -- but destroying the banks was a process already well underway. And Dudd-Fudd legislation didn't help. Those regulations were crafted by Thomas Dodd and Barney Frank, the two apparently most economically illiterate people to ever walk the halls of congress, and have only made it more impossible for banks to lend.

And it makes me laugh when people (mostly democrats and marxists) claim that it was "de-regulation" that caused the housing bubble, bank collapse, etc. The financial industry wasn't "de-regulated" at all. Regulations changed -- they were not eliminated -- and the changes apparently were destructive -- and no doubt done all for our own "good."

At any rate, so the Comrade first nationalized the banks and put them under an even bigger pile of suffocating regulations. And banks tradtionally been a primary source of capital for businesses and producers of all kinds in the US free enterprise system.

So they're been neutalized pretty much.

The disater in housing sucked any capital out of middle class individual would-be or wanna-be investors, or simply people who had a dream.

So what's left? Who has any seed corn -- or capital -- left to jumpstart this economy?

Well, some corporations and Wall Street investors.

How do you wrench the capital from their clammy hands?

TAX THE RICH.

And thus ensure that the USA, flat on its back, will never rise again. The class warfare aspect of "tax the rich" is just an added bonus -- gives the more ignorant and psychotically resentful among the population a reason to vote for socialism.

And the Comrade is plainly and insultingly full of shit with his feeble efforts to attach the names of Abraham Lincoln and Ronald Regan to any of his marxist nihilist schemes. It's just insulting.

Save the Republic.

No comments: