The Inside Assyria Discussion Forum #5

=> Maher doesn't age well...gets sillier with time.

Maher doesn't age well...gets sillier with time.
Posted by pancho (Moderator) - Monday, June 13 2016, 2:23:28 (UTC)
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...he made the comment that Capitalism had lifted more people out of poverty than anything else...he's just pissed at unregulated capitalism...but, in order for it to have done all these wonders it HAD to be unregulated and predatory...it was in its genes since babyhood.

..what lifted people out of poverty was Labor Unions....what made them poor was capitalism..of course SOME people have to make more money else capitalism would never have worked...but it was in the cards that things would go on getting more and more expensive as more capitalists were forced to squeeze money out of their employees...which didn't hurt them because they were off to poorer countries lifting THOSE people "out of poverty, I suppose.


To hear Maher and capitalists say it you'd think capitalists were dedicated to helping people, and we know that isn't true. If it was true then we wouldn't have more people in poverty than ever before, and growing.

..what Maher means is that HE has been made richer by capitalism...much as a court jester at the court of Louis XVI did well when the king did well...until they chopped the king's head off....by "they" I mean all those poor people who'd finally had enough of the "economics" of those days.

It was inevitable from the start...bankers were the first who could afford to lend capital because they were the only ones with any surplus to lend out...and it was a scam from the start....Jewlers were the first bankers...they had the safest places to store gold, actual safes...people brought their small surpluses to them to guard...no one had millions in the beginning, just a few spare gold coins here and there...but the gold built up and jewlers had the bright idea of loaning it out, at interest and the interest they made in time made for a lot of wealth and THEN they either became capitalists themselves or loaned to their buddies who were or wanted to be.

But, and it's a great big but, the jewelers and later the bankers only loaned out the actual amount of the loan...they never loaned out the money needed to pay the interest...this became a bigger problem when the Fed became the source of government and other loans...the Government only sells enough bonds to the Fed, meaning they only borrow from the Federal Reserve, the amount for loans, not the interest payments...which means those of us who borrow $10,000 from a bank have to find the extra ten percent or so in interest payments from some other source....from where? Well, we scramble to get the money from the next guy, most often in the form of inflation...we can take more money in, more than we borrowed to set up in business, let's say, by raising our prices thereby forcing customers to come up with the money we need to pay the interest on our loans...and THEY have to do the same until you get to the bottom where the poor have no way of getting more money out of anyone...especially now that the Unions are gone...and so, greater poverty.

Doctors used to be affordable and that was before capitalism made us all "less poor"...and then, as loans grew and interest along with them, doctors and everything else had to cost more...and more till today when doctors and hospitals and basic care is beyond millions of people...thanks to capitalism and the Federal Reserve and a few other factors...but, it is not true that capitalism made the poor less poor...it made the rich super-rich and trickle-down was supposed to take care of the rest of us, and of course it didn't and couldn't and wouldn't because the whole point of capitalism isn't to have a "sustainable economy" but to make as much as fast as possible and KEEP it.



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