tag:blogger.com,1999:blog-10584495.post20033873154015051..comments2024-03-28T12:34:14.649-07:00Comments on dangerous idea: Democratic and Oligarchic CapitalismVictor Repperthttp://www.blogger.com/profile/10962948073162156902noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-10584495.post-53640669835623768322012-01-02T17:14:11.590-07:002012-01-02T17:14:11.590-07:00Prof. Warren Gramm of WSU proposed in 1979 that Am...Prof. Warren Gramm of WSU proposed in 1979 that America was, with the advent of PACs and corporate voting rights held mainly by investment companies, on the verge of oligarchic capitalism. Now, with wealth concentrated so strongly in the top 0.1%, it has arrived. No wonder there is gridlock in Washington. The oligarchs already have prosperity, so they don't need economic recovery. What they need is control, and the politicians they bought are honestly trying to give it to them.RonMastershttps://www.blogger.com/profile/02597666733228698971noreply@blogger.comtag:blogger.com,1999:blog-10584495.post-54669814679633665262010-03-05T11:40:15.913-07:002010-03-05T11:40:15.913-07:00This was the Supreme Court that was supposed to te...This was the Supreme Court that was supposed to tell us that fetuses were persons, or, at least, to permit states to decide that fetuses were persons. Instead, they decided that corporations were persons. Of course the very idea of incorporating involves your not being treated as a person in at least one important sense; LLC means limited liability corporation, which means that people can't go to jail for what the corporation does.Victor Repperthttps://www.blogger.com/profile/10962948073162156902noreply@blogger.comtag:blogger.com,1999:blog-10584495.post-56436709683417455232010-03-05T11:23:43.268-07:002010-03-05T11:23:43.268-07:00I think we have a structurally inherent problem wi...I think we have a structurally inherent problem with "Oligarchic" capitalism. Back in the late 1800s, the Supreme Court ruled that corporations had the same civil rights as individual persons. This provided the groundwork for the recent Supreme Court case that struck down attempts to limit how much corporations can donate to political campaigns. Until the Court rules that corporations are not entitled to the same civil rights, I'm afraid there will never be the political will to overcome "Oligarchic" capitalism.Bilbohttps://www.blogger.com/profile/06231440026059820600noreply@blogger.comtag:blogger.com,1999:blog-10584495.post-40352330064275092882010-03-05T08:18:36.367-07:002010-03-05T08:18:36.367-07:00"Too much capitalism does not mean too many c..."Too much capitalism does not mean too many capitalists, but too few capitalists." - G.K. ChestertonAnonymoushttps://www.blogger.com/profile/07342391408412861663noreply@blogger.com