Saturday, December 31, 2011

Capitalism no longer exists: it’s communism for the rich

Democracy on the ropes

"The tax-paying middle class who saves and invests owns the financial industry which is in turn under the management of the bankers and financiers, the nomenklatura of the 21st century. And, like in the Soviet style communism system, these financial apparatchiks are not accountable to anybody but only interested in short term gains and squeezing as much as possible from anyone who has any money and cannot escape: by and large middle class taxpayers."

Posted by ant @ 08:27 AM (1444 views)
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3 thoughts on “Capitalism no longer exists: it’s communism for the rich

  • It’s called “Blue Socialism”

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  • Mikelivingstone says:

    The key point in the article is that we need to prosecute the 1000s of bankers who have engaged in fraud.

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  • I thought it was called “deregulation” and the inevitable outcome of the policies commenced by Thatcher and Regan (carried on by Blair and Clinton and Bush and their owners in banking and business). But best get the “S” word in there whenever anything bad happens, if you can, just in case.

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