Originally posted by: Craig234
Originally posted by: PC Surgeon
Originally posted by: Craig234
The corporate america/government irresponsibility has created a great demand for an alternative currency. We've been a bully with the dollar in previous decades, and have made it less attractive now.
If I were a foreign government, I would not be too crazy about the inflation risk of the dollar in coming years, with all the debt.
Fixed.
Perhaps, but don't forget who has voted for the guy they want to have a beer with, who has failed to demand election reform, who has allowed deregulation and corporatocracy.
While there all kinds of explanations and excuses why the voters are not able to do well at voting on complex things, they can't be completely let off for the responsibility too.
But I agree the corporatocracy and its government enablers are front and center in the direct roles for this situation. It's what we've told them to do, though - how many times have we liberals posted about the 'sociopathic' charter of corporations to make profits in ways that have zero concern for the larger well being of society and the dangerous corruption of the political system by those powerful interests, and gotten yawns back from so many voters? This is basically what can be expected from the broken system.
And it's only broken for most people - for some who profited, it's working *just fine*. In nearly any crisis, there are winners and losers. E.g., arms merchants and war...
This crisis is going to result in some redistribution of wealth. On the surface at the moment, most wealthy people - not all - have taken a big hit, but the housng bubble has extracted massive wealth from the middle class, leaving the top with a larger share of the nation's wealth as far as that issue. And the massive government payouts adding to the public debt does so even more. There's a reason many commentators are referring to the plotting by some interests to take advantage of this crisis.
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