Community | November 28, 2010 | 2 comments

Plutonomy: Rich Get Richer With Government On Their Side

GLOBALPOLITICAL
Bill Moyers signs off his last broadcast with an editorial discussion on why plutocracy and democracy don't mix. In 2005, Citigroup coined the term Plutonomy: An economic system where the priviledged few ensure that the rich get richer with government on their side.
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2 comments // Plutonomy: Rich Get Richer With Government On Their Side // Video

  • ghostofamerica
  • PressCore
    • +3
      PressCore  
    • "...With the Government on their side ? " You have a talent for understatement.
      It's a lot closer to the truth to claim With the Gummint in their pocket. The
      interests of that silent majority of We the People, as they used to be known
      before the Murder of JFK, since, at least in the attitudes of those too many
      seats in Congress, the White House, and SCOTUS... have been sidetracked
      in preference of We the Corporations. You'd have to have followed White
      Noise' articles, and all my comments to understand the long sordid clusterfuck
      of Bribey, Forgery of Court Reports of Judgement /Rulings, Intimidation of
      Public Officials that preceeded the warped, twisted tenet of " Corporate
      Personhood ". That docrine in which the 13th &14th Amendments that were
      instituted to grant Constitutional rights of immunity from Slavery &
      Discrimination to all persons born/naturalized inside the USA were turned
      against their original intent by means of Organized Crime to criminaly establish
      a platform on which, due to the negligence, of the judiciary and State legislates
      rulings/Statutes based on that illegal precedant, have come to be the reality now.

      Who do you think own controling shares of those publicly traded Corporations ?
      Ie. who do you think own at least a 51% controling interest in them, have
      installed their board of directors, their CEOs ? If you guess the uberrich, then
      you're exactly right. We the Corporations, fueled by Fed fiat currency,have
      financed the election & reelection campaigns/appointments of those
      Congressional, Executive, Judiciary seats. It's that scenario out of the Mel
      Brooks movie Spaceballs, where a ship transformes itself into a collossal
      vacuum cleaner, and sucks up an entire planet's atmosphere. Their scam is
      worth $800 Trillion to them. That's more money than legitimately exists in all the
      non underground economies of all the world's nations combined. But it might
      be the combined valuations of every insured thing existing in the USA. The
      Wall Street time bomb of $675 Trillion of that, in terms of gambling "derivatives markets" is too hot a potato for the U.S. to investigatge & legislate while the
      Federal Reserve Act still exists unreprealed. It's obvious THEY don't have the combined resolve to repeal it. Not while scalywag pinocio'bama is in the White
      House putting his dirty feet up on the desk of the Oval Office. We the People
      need radical reform. But in a lawful, orderly way to affirm our Constitution.

      Because, since Ronald Reagan, the tax cuts for the Uberrich coupled
      with the huge inflation tax caused by a national debt based economy &
      monentary system have sucked up the middle class wealth into their hands.
      The days of the Eisenhaur & Kennedy taxation of the wealthy which produced
      the longest duration of prosperity in the USA's history, have been subverted
      by the military industrial complex which consumes 53% of every tax dollar and
      has imbalanced our economy so badly, that the 2 foreign non defensive wars
      and 0 net lower middle class job creation during the Bush era has bankrupted
      the USA. They were already bankrupt by 1970. By 2010, some 40 years later,
      they are so far into the red zone that the collapse of the dollar is imminent.

      And all Homeboy D. Clown pinocio'bama/Holder can do is push their budget
      busting unConstitutional Statute that noone read before voting on it because Corporatist puppet Nobama wanted it so on their behalf. Virginia has 9 more
      States pushing for a new Constitutional Amendment in which 2/3 of all the
      States can vote to nullify the legal force & effect of bogus antiConstitutional
      Statutes passed by the Corporatist puppets. Federal Reserve Act, Prohibition,
      the Patriot Act, Nobamacare et al can all be eliminated, as with the bogus State
      legal definitions that a Corporation is a " person ". So there won't be any more
      Titans in the sandbox with your kids. And uncaring if they'll be crushed by
      Corporate manipulation of their food & medicine, jobs. Immunity from Slavery
      means the elimination of Corporate domination of every essential aspect of
      your children's future lives. Liberty is predicated on voluntary self determination.

    • 1 year ago
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