Bill Moyers Journal: Capitalism Has S...

Bill Moyers Journal: Capitalism Has Swamped Democracy

There are 557 comments on the www.pbs.org story from Jun 13, 2009, titled Bill Moyers Journal: Capitalism Has Swamped Democracy. In it, www.pbs.org reports that:

BILL MOYERS: What has happened to capitalism that has led it to the abyss?

ROBERT REICH: Essentially, capitalism has swamped democracy. You see, there's no such thing really as pure capitalism without rules and regulations that set limits on profit making, because otherwise it's everybody out for themselves. Otherwise, nobody can trust anybody. Otherwise, it's the law of the jungle.

I mean, we rely upon government to set the boundaries. This can't happen because it's fraud. That can't happen because you're stealing something. This can't happen because you're imposing a huge burden on other people. But unless you have a democratic system that allows the rules to be created not by the companies but by the people and the people's representatives reflecting what the public needs, not what the corporations need, you're going to have a system that is not a democracy and it's not democratic capitalism. It's super capitalism without the democracy.

Join the discussion below, or Read more at www.pbs.org.

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IRAQI OIL BUSH

Brooklyn, NY

#1 Jun 13, 2009
How Bush's grandfather helped Hitler's rise to power
September 25, 2004 http://tinyurl.com/5ropr
George Bush's grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.
The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.
His business dealings, which continued until his company's assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy.
http://www.guardian.co.uk/usa/story/0,12271,1...

==========

Documents: Bush's Grandfather Directed Bank Tied to Man Who Funded Hitler / October 17, 2003 http://tinyurl.com/s14g
WASHINGTON — President Bush's grandfather was a director of a bank seized by the federal government because of its ties to a German industrialist who helped bankroll Adolf Hitler's rise to power, government documents show.
Prescott Bush (search) was one of seven directors of Union Banking Corp.(search), a New York investment bank owned by a bank controlled by the Thyssen family, according to recently declassified National Archives documents reviewed by The Associated Press.
Fritz Thyssen (search) was an early financial supporter of Hitler, whose Nazi party Thyssen believed was preferable to communism. The documents do not show any evidence Bush directly aided that effort. His position with Union Banking never was a political issue for Bush, who was elected to the Senate from Connecticut in 1952.
http://www.foxnews.com/story/0,2933,100474,00...
IRAQI OIL BUSH

Brooklyn, NY

#2 Jun 13, 2009
Document uncovers details of a planned coup in the USA in 1933 by right-wing American businessmen / 23 July 2007 / http://tinyurl.com/2cc7af
The coup was aimed at toppling President Franklin D Roosevelt with the help of half-a-million war veterans. The plotters, who were alleged to involve some of the most famous families in America,(owners of Heinz, Birds Eye, Goodtea, Maxwell Hse & George Bush’s Grandfather, Prescott) believed that their country should adopt the policies of Hitler and Mussolini to beat the great depression.

Mike Thomson investigates why so little is known about this biggest ever peacetime threat to American democracy.
http://www.bbc.co.uk/radio4/history/document/...

Document uncovers details of a planned coup in the USA in 1933 by right-wing American businessmen / 23 July 2007 / Audio
http://www.bbc.co.uk/radio4/history/document/...

==========

Bush Republicans Love Socialism For The Wealthiest !

Dumbya Bush Loves Cheap Labor:

The 12 million illegal immigrants benefit the top 1 percentile of the wealthiest

Former Harvard Business School Prof Blasts Bush
7/16/2004 http://tinyurl.com/z555z

Business scholar says president was 'shallow,''flippant' in 1970s class

Tsurumi—now a professor of international business at Baruch College in the City University of New York—said he remembers the future president as scoring in the bottom 10 percent of students in the class.

The White House did not reply to requests for comment on Bush’s time at HBS.

Tsurumi said he particularly recalls Bush’s right-wing extremism at the time, which he said was reflected in off-hand comments equating the New Deal of the 1930s with socialism and the corporation-regulating Securities and Exchange Commission with “an enemy of capitalism.”

“I vividly remember that he made a comment saying that people are poor because they’re lazy,” Tsurumi said.

Tsurumi also said Bush displayed a sense of arrogance about his prominent family, including his father, former U.S. President George H.W. Bush.

“[George W. Bush] didn’t stand out as the most promising student, but...he made it sure we understood how well he was connected,” Tsurumi said.“He wasn’t bashful about how he was being pushed upward by Dad’s connections.”

Tsurumi said that the younger Bush boasted that his father’s political string-pulling had gotten him to the top of the waiting list for the Texas National Guard instead of serving in Vietnam. When other students were frantically scrambling for summer jobs, Tsurumi said, Bush explained that he was planning instead for a visit to his father in Beijing, where the senior Bush was serving at the time as the special U.S. envoy to China.
http://www.thecrimson.com/printerfriendly.asp...

Since: May 08

Location hidden

#3 Jun 13, 2009
I agree 100%. Capitalism can not survive as it has been going. In order for it to work there must be a way to protect those who are not as greedy as those clever enough to rip everyone else off in the name of capitalistic freedom.
IRAQI OIL BUSH

Brooklyn, NY

#4 Jun 13, 2009
Major-General Smedley Butler (1881-1940)
http://tinyurl.com/cvqlh
Major-General Smedley Darlington Butler, a 33-year veteran of the Marine Corps who was twice decorated with the Medal of Honor, blew the whistle on the fascist plot to oust FDR. He also confessed to having been a “high class muscle-man for Big Business, for Wall Street and for the Bankers. In short, I was a racketeer, a gangster for capitalism.”

In his book War is a Racket, 1935, Butler opens with these lines:
"War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope....[and] the profits are reckoned in dollars and the losses in lives.

A racket is best described as something that is not what it seems to the majority of the people. Only a small ‘inside’ group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.

For a great many years, as a soldier, I had a suspicion that war was a racket; not until I retired to civil life did I fully realize it.... I must face it and speak out."

There isn’t a trick in the racketeering bag that the military gang is blind to. It has its ‘finger men’(to point out enemies), its ‘muscle men’(to destroy enemies), its ‘brain men’(to plan war preparations), and a “Big Boss”(super-nationalistic capitalism).
It may seem odd for a military man to adopt such a comparison. Truthfulness compels me to.

I suspected I was just part of a racket at the time. Now I am sure of it. Like all the members of the military profession, I never had a thought of my own until I left the service. My mental faculties remained in suspended animation while I obeyed the orders of higher-ups.
I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. I helped make Honduras “right” for American fruit companies in 1903. In China in 1927, I helped see to it that Standard Oil went its way unmolested.... I had, as the boys in the back room would say, a swell racket.... I might have given Al Capone a few hints. The best he could do was operate his racket in three city districts. We Marines operated on three continents.... Our exploits against the American Indian, the Filipinos, the Mexicans, and against Spain are on a par with the campaigns of Genghis Khan, the Japanese in Manchuria and the African attack of Mussolini. No country has ever declared war on us before we first obliged them with that gesture. Our whole history shows we have never fought a defensive war." / http://coat.ncf.ca/our_magazine/links/53/butl...

Since: Mar 08

Richmond Hill, NY

#5 Jun 13, 2009
womanspirit wrote:
I agree 100%. Capitalism can not survive as it has been going. In order for it to work there must be a way to protect those who are not as greedy as those clever enough to rip everyone else off in the name of capitalistic freedom.
Yet socialism is not the answer...
a government takeover will not solve anything. Yet rules and restrictions need to be implemented. Balance is the key.
oakgrove

United States

#6 Jun 13, 2009
Have you seen the film called "zeitgeist"? It explains in near full of how corrupt our government really is.
IRAQI OIL BUSH wrote:
How Bush's grandfather helped Hitler's rise to power
September 25, 2004 http://tinyurl.com/5ropr
George Bush's grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.
The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.
His business dealings, which continued until his company's assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy.
http://www.guardian.co.uk/usa/story/0,12271,1...
==========
Documents: Bush's Grandfather Directed Bank Tied to Man Who Funded Hitler / October 17, 2003 http://tinyurl.com/s14g
WASHINGTON — President Bush's grandfather was a director of a bank seized by the federal government because of its ties to a German industrialist who helped bankroll Adolf Hitler's rise to power, government documents show.
Prescott Bush (search) was one of seven directors of Union Banking Corp.(search), a New York investment bank owned by a bank controlled by the Thyssen family, according to recently declassified National Archives documents reviewed by The Associated Press.
Fritz Thyssen (search) was an early financial supporter of Hitler, whose Nazi party Thyssen believed was preferable to communism. The documents do not show any evidence Bush directly aided that effort. His position with Union Banking never was a political issue for Bush, who was elected to the Senate from Connecticut in 1952.
http://www.foxnews.com/story/0,2933,100474,00...
speakerupper

San Jose, CA

#7 Jun 13, 2009
IRAQI OIL BUSH wrote:
How Bush's grandfather helped Hitler's rise to power
September 25, 2004 http://tinyurl.com/5ropr
George Bush's grandfather, the late US senator Prescott Bush, was a director and shareholder of companies that profited from their involvement with the financial backers of Nazi Germany.
The Guardian has obtained confirmation from newly discovered files in the US National Archives that a firm of which Prescott Bush was a director was involved with the financial architects of Nazism.
His business dealings, which continued until his company's assets were seized in 1942 under the Trading with the Enemy Act, has led more than 60 years later to a civil action for damages being brought in Germany against the Bush family by two former slave labourers at Auschwitz and to a hum of pre-election controversy.
http://www.guardian.co.uk/usa/story/0,12271,1...
==========
Documents: Bush's Grandfather Directed Bank Tied to Man Who Funded Hitler / October 17, 2003 http://tinyurl.com/s14g
WASHINGTON — President Bush's grandfather was a director of a bank seized by the federal government because of its ties to a German industrialist who helped bankroll Adolf Hitler's rise to power, government documents show.
Prescott Bush (search) was one of seven directors of Union Banking Corp.(search), a New York investment bank owned by a bank controlled by the Thyssen family, according to recently declassified National Archives documents reviewed by The Associated Press.
Fritz Thyssen (search) was an early financial supporter of Hitler, whose Nazi party Thyssen believed was preferable to communism. The documents do not show any evidence Bush directly aided that effort. His position with Union Banking never was a political issue for Bush, who was elected to the Senate from Connecticut in 1952.
http://www.foxnews.com/story/0,2933,100474,00...
You got to an awful lot of trouble tryin' to keep the hate alive!

Since: May 08

Location hidden

#8 Jun 13, 2009
Jkjkhardcore wrote:
<quoted text>
Yet socialism is not the answer...
a government takeover will not solve anything. Yet rules and restrictions need to be implemented. Balance is the key.
I nver said it was. What I said was capitalism needs reform
Oregon is Disgusting

Sherwood, OR

#9 Jun 13, 2009
Republican Socialism:

Privatize Profits - Socialize Losses

The bankers are out TO DO IT AGAIN. Now they see how to do it. They see how to get $12.8 TRILLION of US taxpayer money. They will do it again.

"BILL MOYERS: And the banks, as we speak, are fighting regulation. And they're winning. The banks are actually winning on this issue. Do you see it that way?

ROBERT REICH: Well, they're winning right now because, as these banks come out from under TARP — basically the bailout mechanism — the government has less and less leverage over them with regard to regulations that are going to prevent a repeat of the future. There's still no regulations out there. And there are lobbies. I want to come back to this theme, Bill, because it's important for the public to understand. The lobbies, whether we're talking about healthcare, insurance, pharmaceuticals, or we're talking about the banking system, the lobbies in Washington are enormously powerful.

The only way we're going to have any kind of regulatory regime for the banks that make sense is if people understand what's going on, if they pressure their individual members of Congress if Obama stands up to the banking industry and forces real regulation on them."
Mike

Jacksonville, FL

#10 Jun 13, 2009
Spoken like a true communist. It's all so obvious just look at California. Full of lib politicians and it's broke. Washington DC full of lib politicians and they're going to bankrupt all of us.

If the Democrats hadn't INSISTED on banks lending money to anybody and everybody all in the name of FAIRNESS and EQUALITY in housing the mortgage mess never would have happened.

If you bust your rear and work hard you should be rewarded by society not punished.

Homeownership isn't always wonderful and it isn't for everybody. Homes cost money to maintain and insure and they are also taxed. A large number of people should simply be renters.
Curtis Lowe

Montgomery, AL

#11 Jun 13, 2009
Capitalism works just fine if the Government stays out of the way. It was Government involvement in industry and "Social Engineering" which has led us to our current state. Bill Moyers and Robert Reich are socialists. Anyone who thinks they can get a fair opinion from PBS is a moron.

“i hope we can change this!”

Since: Aug 08

usa

#12 Jun 14, 2009
womanspirit wrote:
I agree 100%. Capitalism can not survive as it has been going. In order for it to work there must be a way to protect those who are not as greedy as those clever enough to rip everyone else off in the name of capitalistic freedom.
why?
OBOZO A FRAUD

France

#13 Jun 14, 2009
Curtis Lowe wrote:
Capitalism works just fine if the Government stays out of the way. It was Government involvement in industry and "Social Engineering" which has led us to our current state. Bill Moyers and Robert Reich are socialists. Anyone who thinks they can get a fair opinion from PBS is a moron.
Moyers is a snotty nosed Neo-Marxist.
He is typical of the elitist left that
dominate National PUBIC Broadcasting.
Let him doal out some of HIS millions to the
crybabies.

“On to BIGGER and BETTER Things”

Since: Jun 09

LONG BEACH, CALIFORNIA

#15 Jun 14, 2009
Don't you just hate when people state (report) the obvious?
GBA

Westland, MI

#16 Jun 14, 2009
No Bill we don't look to government to set the limits because they are part of the problem. The Constitution says 'we the people' and that is exactly who has to set the limits and that includes limits on government.
GBA

Westland, MI

#17 Jun 14, 2009
2 Biggest lies ever told-

"I am a politician and I want to help!"

"I am a politician and I am honest!"

"I am a politician you can trust me!"
GBA

Westland, MI

#18 Jun 14, 2009
Ooops, three.
GBA

Westland, MI

#19 Jun 14, 2009
Curtis Lowe wrote:
Capitalism works just fine if the Government stays out of the way. It was Government involvement in industry and "Social Engineering" which has led us to our current state. Bill Moyers and Robert Reich are socialists. Anyone who thinks they can get a fair opinion from PBS is a moron.
His last name is Reich for a reason. Pun intended.
IRAQI OIL BUSH

Brooklyn, NY

#20 Jun 14, 2009
oakgrove wrote:
Have you seen the film called "zeitgeist"? It explains in near full of how corrupt our government really is. <quoted text>
No I have not heard about zeitgeist but all governments lie to their citizens not just the United States.

Do you know the difference between the Russian and American citizenry?

When the Russians see Pravda they know they are getting bamboozled.

When Americans see corporate mainstream and rightwing media they believe every word "Hook Line and Sinker"!

http://play.rbn.com/...

Since: Mar 08

Allentown, PA

#22 Jun 14, 2009
I have to say Bill Moyers has turned predictability into an art form.

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