Tuesday, April 13, 2010

Radical Concentration of Wealth is Destroying Both Capitalism and Democracy

from Washington's Blog. 
The fed and Treasury are not giving more chips to those who need them: the American consumer. Instead, they are giving chips to the 800-pound gorillas at the poker table, such as Wall Street investment banks.
So...isn't the capitalist system supposed to be about maximizing private gains? Of course, its proponents argue that by maximizing private gains, everyone benefits. But that is just propaganda. Who can argue against the proposition that money is power, otherwise known as the "golden rule"--those with the gold rule? In other words, they (the gold holders) make the rules that protects and enhances their interests--not society's.