News Revolution New form of government.: Kleptocracy

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President Bush is promoting a significant tax cut package aimed at stimulating the economy, which includes reductions on stock dividend taxes and increased write-offs for business equipment purchases. However, the economic backdrop shows a 25% decline in stock values and a rise in unemployment by 1.7 million, raising concerns about the impact on families and retirement funds. The discussion also highlights issues of wealth concentration, with critics arguing that capitalism is failing as it increasingly benefits a small elite while leaving many workers behind. Participants debate the effectiveness of capitalism versus alternative systems, with some asserting that all income groups are improving, while others contend that wealth disparity is worsening. The conversation reflects broader frustrations with government responsibility and economic inequality, emphasizing the need for systemic change.

"What form of government exists in the U.S.A.?"

  • Kleptocracy

    Votes: 3 75.0%

  • Monarchy

    Votes: 0 0.0%

  • Republic

    Votes: 0 0.0%

  • "Illigitimate"

    Votes: 0 0.0%

  • Democracy

    Votes: 1 25.0%
  • Total voters
    4
  • Poll closed .
  • #31
Originally posted by russ_watters
I'd take that further and say that in order for ANY economy to be considered a success it must constantly be expanding. But I would disgree with the second part - there is ALWAYS room for growth. Growth at its most basic (in a capitalist system) is simply be a function of rpms - how fast the money goes around in a circle.

In the hay-day of the industrial revolution this was true, but it has not been true for some time. At one point, all savings, other than the "stuff the mattress" kind, were invested in growth. There was always some readily apparent profitable avenue for excess capital. Money never stagnated. This is no longer true. It was the thesis of Keynes work on the depression. Money stopped moving because, despite the fact that the stock market was rising, there was a shortage of profitable new ventures. Money was borrowed, stocks were bought, but there was no real investment. Money sat still. Still money dies. You might think this is impossible in this day, but it has been crushing Japan for 10 years now.

Oh, and for the topic, our government is a republic. Our political system is democracy.

Njorl
 

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