The Avanti Group: 4 Reasons Capitalism is Morally Bankrupt, Dying
Posted in the Pocahontas Forum
Since: Aug 13
#1 Aug 2, 2013
SAN LUIS OBISPO, Calif.(Market Watch)— Warning:“Capitalism as we knew it is dead.” What an indictment:“Capitalism ... dead.” Just a few years ago. A grabber in the Economist. But even if Wall Street banks ran that message as a public admission, in flashing neon lights racing around Morgan
Why? Wall Street has lost its soul, has no sense of public responsibility, and cares little about the rest of America. Adam Smith’s “The Wealth of Nations” established capitalism with a moral code for economic behavior, a secular theology in the Age of Reason.
Once a moral code for individuals and nations, capitalism has been distorted, manipulated and degraded by our too-greedy-to-fail banks, the Goldman’s, Morgan’s and their co-conspirators who now care only about making short-term profits for a narrow base of shareholders and insiders, with no care for America as a whole. Yes, capitalism is now morally bankrupt, a dying economic religion, and thanks to the narrow, narcissistic behavior of the Wall Street banking community.
Moreover, since 2008 Wall Street has further hardened its monopoly over the American economy and government, while further degrading capitalism, democracy and the rest of America. Looking back, Bishop-Green was DOA against Wall Street’s ruthless army.
#2 Aug 3, 2013
So you have no moral problem with taking the money I earn and redistributing it to people who don't work.
I call that stealing. There is no moral justice in stealing.
#3 Aug 3, 2013
I bet you want someone like Joe Stalin to take over the economy like he did in Russia.
Just how many people did he kill?
Communist states/economics don't work and have been a proven failure.
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