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Showing posts with the label Capitalism

How Command Capitalism Could Save America

  Progressives should adopt taking stakes in companies that align with progressive values like clean energy and strategic minerals. Under the Trump Administration shares in the company  Critical Metals  surged over 60 percent after word spread that the U.S. government might take an equity stake in the company’s Greenland rare-earths deposit. The Trump Administration has created a permission structure for state‐backed industrial policy advancing public ends via market mechanisms. However, his moves are not strategic, incompetent, and more for personal grift than for the benefit of the American people. We are in  end-stage  capitalism and conventional free-markets are failing. Corporate consolidation, stagnant wages, and ecological collapse have all exposed how laissez-faire capitalism leaves society at the mercy of profit-seeking and short-termism. Democrats have spent too long trying to patch the system rather than reshape it. They argue about regulation, redis...

MERS: Holder of all the Spoils

Note: I wanted to posted this article in full from bluegrassforeclosure.com The main takeaway is that MERS holds all the land titles. Who gives them authority to do so? How do they know who the originator is? This mortgages were so sliced and diced by Wall Street that we don’t know who owns what or how they own it and what piece. Eric Schneiderman has the regulatory authority to investigate MERS, when will the subpoenas start coming down. What the heck is MERS, anyway? October 11th, 2010 This original post can be found at Examiner.com . As we have reported, a federal lawsuit has been filed against banks and MERS. The suit alleges, among other things, that the banks and MERS conspired to file foreclosures against homes that the banks did not actually have a lien against. Confused yet? Don’t worry, I am too. I’ll try to shed some light on what the HECK is MERS anyway . . . ? Kentucky is a title lien state, wherein title is actually held by the owner of the real property. Then a bank o...

The Free Market Isn't Free!

When most of us think of the Free Market we think of businesses providing goods and services to individuals through the act of buying and selling. This is most seen most by the cathedrals of capitalism (and in my opinion the source of Inland Empire decadence and decay) the mall and big box stores. However, what some people don't realize is that these publicly traded companies also buy and sell on Wall Street. Wall Street, although kicked when its down, is revered when the market is up so it is pretty much like a sports team. This ivory tower of information and capital and the captains of industry who manage them hide one fact though. Trades are not based on people on the floor yelling buy or sell like in the movie Trading Places, but through complex algorithms in which one glitch can cause a "Flash Crash". So is our Free Market really comprised of free traders? I think not. Here is the link that inspired the story.   http://www.politico.com/news/stories/0510/37975.ht...