Karl Marx predicted all these fatal flaws of the present financial capitalist system we employ ,way back in the 1800's;
just simply look at his works and see how much of it is correct and applies today.
No nation has ever practiced pure communism or socialism.......
just simply look at his works and see how much of it is correct and applies today.
No nation has ever practiced pure communism or socialism.......
I think what has the Occupy Wall Street protesters fired up is that the United States has abandoned Industrial Capitalism for Financial Capitalism. We don't produce that much wealth from raw materials now, as compared to extracting wealth that was formerly created, from our industries and from the middle class.
Our industrial infrastructure along with the jobs it supported has been moved out of the country. The middle class used their homes as ATM machines and gave up their wealth to predatory lenders who repackaged those mortgages and sold them to speculators. Any industrial wealth hedged for a rainy day was extracted and handed over to investors. Pensions were looted by the handiwork of corporate lawyers. The wealth is gone, or really, moved to the top .1%, to be invested overseas.
So the banksters sucked the life out of our middle class, crashed the world economy, accepted their bailouts without a thank you, and now expect the poor and middle class to tighten their belts. People are pissed.