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Monday, May 19, 2014

The Derponomicon: Part 10

A response to this video:


The problem with capitalism, has never been with the concept of capitalism. It is UNREGULATED capitalism that has always been the issue. In this country the intermingling of government and corporations, has turned our "free trade" capitalism into an oligarchy controlled by a handful of banks, energy companies, and corporations that have literally bought our democracy out from under us. Libertarians and Republicans both have fought hard to ensure that these companies have complete control over the free market and price fix everything from fuel and energy costs, to interest rates, to just about every other necessity we have in our society. They stifle progress and competition by ensuring the government works so let for them. It's easy to say gas and oil is cheap and efficient when the taxpayers are taking the brunt of the costs and the corporations are left only with profit. Decisions supported by the right like Citizens United literally allow our government to be sold off to the highest bidder, and now the laws and regulations meant to protect us, are being used against us to maximize corporate profits over all else. For some reason people have been convinced that somehow paying to use literally everything from roads, to water, to electricity, to sidewalks, to schools, prisons, etc. If this society was as privatized as the right wing wants it to be, no one but the wealthiest people would be able to even leave their houses. The only solution is to reign in the oligarchy and put the power back into the hands of the people, not the highest bidder.

Later, I will attempt to explain regulatory capture to him. 

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