Wednesday, December 9, 2020

Child Pornography (And Most Other Social And Economic Evils) Result From Poorly Regulated Capitalism - What I Call "Cowboy Capitalism"

 

The Difference Between Socialism And Capitalism

Billionaire Nick Hanauer's TED Talk: "Capitalism's Dirty Little Secret"

                          
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"Breaking Up Facebook and Instagram," Nicholas Kristof

The federal government and states are pushing to break up Facebook, Instagram and WhatsApp. Five years ago I would not have been sympathetic to that lawsuit, believing that companies need to be big to compete internationally. I’ve changed my mind because of the work of the economist Luigi Zingales, who has shown the cost to consumers of monopolistic behavior, and because of an excellent book called “The Myth of Capitalism” by Jonathan Tepper and Denise Hearn. I think others share this view that the United States has been too passive in antitrust matters, and I suspect there will be more of a push to break up some companies like this in coming years.

Alan: You should read the this Franklin quotation three times -- slowly and out loud.
Keep in mind that Franklin was the most financially successful of The Founding Fathers.
It is also notable that by the late 1750s, Franklin had become an abolitionist.

Ben Franklin On "No New Taxes"

1910 Income Tax Promised To Never Shift Burden From Richest 1 - 4%

Tax Rates Under U.S. Presidents Since Eisenhower

Nicholas Kristof On Taxes: How America's Rich Get Richer While The Poor Poorer


Teddy Roosevelt: "Malefactors Of Great Wealth... Are Curses To The Country"

Billionaire Nick Hanauer's TED Talk: "Capitalism's Dirty Little Secret"

  https://paxonbothhouses.blogspot.com/2020/01/billionaire-nick-hanauers-ted-talk.html

Since 1989, The Top 1% Gained $21 Trillion While The Bottom Half Lost $900 Billion

https://paxonbothhouses.blogspot.com/2020/01/since-1989-top-1-gained-21-trillion.html


"For The First Time In History, U.S. Billionaires Paid A Lower Tax Rate Than The Working Class"
"The Rich Aren't Just Grabbing A Bigger Slice Of The Income Pie. 
They're Taking It All"

"Plutocracy Triumphant"
Cartoon Compendium

Time Out Of Mind "Deep State Plutocracy" Is The Enduring Conspiracy. Warfare And Racial Animus Is The Decoy

It’s Time to Break Up Facebook

Mark Zuckerberg is a good guy. But the company I helped him build is a threat to our economy and democracy.

By Chris Hughes

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