capitalism

  • Started 16 years ago
  • Last post 8 days ago
  • 1,414 Responses
  • Gardener3

  • Beeswax0

    • It's funny that after all these wars and bloodshed for oil, it has become a bitch that no one wants to deal with.Beeswax
  • utopian0

    JPMorgan: $26B Worth Of SMB Relief Loans In The Pipeline

    JPMorgan Chase & Co. says it has $26 billion in small business relief applications lined up for when Congress approves more funding for the Small Business Association (SBA’s) popular Paycheck Protection Program (PPP).

    The New York-based global financial services company boasted on Friday (April 17) that it has closed more small business relief loans than any other lender, and they have more SMBs waiting for assistance, according to a CNBC report.

    https://www.pymnts.com/loans/202…

  • maquito1

    Capitalism in 2020:

    • He can never be forgiven for this gif.
      Never.
      CyBrainX
  • utopian1

    Private haven for wealthy received $2M from small business loan program.

    • Fisher Island, Miami Florida
    • Island Population: 132
    • Average income: $2.5 million
    • Median Home Cost: $2,930,200

    A housing association representing the richest zip code in America was approved to receive a $2 million emergency coronavirus relief loan from the Small Business Administration, despite suffering no layoffs and no apparent financial impact from the coronavirus pandemic.

    https://www.yahoo.com/news/priva…

    • i think you are confusing socialism for capitalism. But I get it.. you want to screw the rich in any economic and political system.hotroddy
    • Is he?monospaced
    • I'm not confused...this is just one of a gazillion examples of how everyday crony American capitalism works in the good oldé US of A.utopian
    • any form of wealth distribution is 'socialism' whether it be to citizen or business. Article is more about corruption which exists in any economic model.hotroddy
    • If you read Miltion freedman you'll understand corruption is more prevalent in large bureaucratic agencies that control money and power.hotroddy
    • It's difficult for Utopian to understand the difference when the resentment towards 'the rich' prevents him from separating the two.hotroddy
    • I think that’s what he’s saying too. Almost like satire. How this capitalist system can capitalize on such socialist measures. You all are on the same side.monospaced
  • imbecile8

    • Is there a URL for this source?
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    • Knowing my own taxes I highly see this as questionable
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  • imbecile14

    • They also probably lost that much leading up to it, but it’s not liquid anyway, and it’s people with good money sense all over the world making money_niko
    • Don't be an apologist for billionaires, niko. This isn't 'people with good money sense' it's people who made more on Jan 2nd than you will your entire life.i_monk
    • Resistance is futile. Trump wins 2nd termdrgs
    • "it’s people with good money sense all over the world making money"
      lol, I thought this place was elevated.
      ********
    • waiting for the trickle.fadein11
    • Bernie came 1st place here: https://freebeacon.c…
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    • My point is that anybody with an investment account could make money during this time, Amazon, Netflix, zoom, etc, even the smallest investors_niko
    • So why wouldn’t billionaires do the same? And now again billionaires will probably make tons of money on discount stocks as they come back to normal_niko
  • imbecile13

    • He's not wrong.Continuity
    • This is actually more accurate
      https://unherd.com/2…
      Hayoth
    • Nobody thinks it’s been China’s plan all along, thoughGnash
    • Nothing new here...
      ********
    • @Gnash, sure they do. "Make it in the US" crap but then hey'll whine about paying $3k for an iphone and stocks tanking.formed
    • That’s not the same thing, formedGnash
    • Offshoring manufacturing and other operations is not just done in America and it develops countries.cannonball1978
    • Trump and the Repuplitards also blame China for all the pollution. We also outsourced all of our pollution to them with the manufacturing plants.utopian
  • NBQ001

  • utopian4

    'Heads we win, tails you lose': how America's rich have turned pandemic into profit.

    As 26 million+ Americans lose their jobs, the billionaire class has added $308 Billion to its wealth.

    Never let a good crisis go to waste: as the coronavirus pandemic sweeps the world, America’s 1% have taken profitable advantage of the old saying.

    Some of the richest people in the US have been at the front of the queue as the government has handed out trillions of dollars to prop up an economy it shuttered amid the coronavirus pandemic. At the same time, the billionaire class has added $308bn to its wealth in four weeks - even as a record 26 million people lost their jobs.

    https://www.theguardian.com/worl…

    • Yup, there will be a revolution, eventually, at least until there is a guaranteed minimum incomeformed
    • (which the billionaires will happily fund to keep from getting lynched)formed
    • Gov handouts more aligned with socialism. U should really focus your anger on the enemy than be a puppet of what u dislike
      ********
    • why? why not lynch the political class for enabling this in the first place?grafician
    • Takedown the socialist gov!
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    • Of course doing that requires quite a bigger loss of real free markets... Can u stomach the fake growth through money policy
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    • Giving money to corporations is not socialism you donkey.i_monk
    • It's gonna start trickling down anytime now...lolMilan
  • ********
    -4

    Made $30k the other day in one day.

    • Good for you. What stock?NBQ00
    • Or is it just recouping losses from the crash?NBQ00
    • We need an Investment of the Day thread omaharobotron3k
    • You sold it?monospaced
  • NBQ001

    "Holy God. We're About To Lose Everything" - Pandemic Crushes Overleveraged Airbnb Superhosts: https://www.zerohedge.com/person…

    • Good. Those speculators Are making it tough to find affordable apartments.Gnash
    • As someone who actually rents their apartment to make ends meet and have lost a bunch of $$ due to Covid, i approve of thishardhat
    • https://i.redd.it/2s…Palindrome
  • zaq-1
    • Fucking obscene, gross and disgusting on many levels.utopian
    • His lackluster philanthropic attitude really makes him look like a greedy fucker. I would give a billion here and there and he would never notice.formed
    • But all this is mostly virtual moneyz, he'd need A LOT of Amazon wear houses to hold all of his wealthgrafician
  • utopian0

    Thousands Of Unsold New Cars Are Being Abandoned And Left To Die In Lots. This Is Insane.



    This is what the car manufacturers DON’T want you to see. Since overproduction peaked in 2009, thousands of cars have been left in lots to waste away. Many of these photos go back to just post-recession, yet the problem of surplus still exists today!

    http://www.epicdash.com/thousand…

  • utopian4

    Wealthiest Americans raking in billions from coronavirus pandemic

    As 30 million Americans have lost their jobs over the last six weeks amid the coronavirus pandemic, America’s billionaires are becoming even richer.

    According to a new report from the Institute for Policy Studies, a left-leaning think tank, over the past 6 weeks, American billionaires have seen their wealth increase by $406 billion — a boost of just under 14% to their net worth.

    https://finance.yahoo.com/news/w…

    • I assume they're just saving up all the cash so they can re-introduce all that money back into society trickle down style.PhanLo
    • Trickle up economicsChimp
    • Pretty bad economics looking at Central gov funding
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    • Bad.. basic
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    • It's called inflation and the lowering of rates hurts proper investment while driving assets higher knowing fed can't let themower without political pain
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  • NBQ001

    • I think about this often. The US has behaved so baldy that I don't think many will need much encouragement to dump dollars in favour of a new global currency.monoboy
    • The US will are the architects of their own downfall. Dumping manufacturing for cheaper labour and high profit margins.monoboy
    • The banking default of 2008 and the subsequent Chinese bailout.monoboy
    • All China has to do is wait for the current GOP administration to go for broke by defaulting and then destabilise the dollar.monoboy
    • America's shareholder owned economy will be left with worthless dollars whilst the ROW switches to Renminbi and Euros.monoboy
    • The US went bankrupt in 2008, and its zombie economy is totally reliant on dept and growth.monoboy
    • Europe is in the same pickle.monoboy
    • It's going to take some pretty skilled negotiations to fix this.monoboy
  • utopian3

  • Bluejam0

  • robotron3k-6

    • Where have you been? At least 35 million Americans have already been laid off?
      #MAGA2020 For Life
      utopian
    • No, real layoff are starting, not furloughs...robotron3k
    • don't worry @robo that will go away like a miracle toorenderedred
    • 30+ million people were laid off at the end of April, today is May 11th. This isn't Fox News, Breitbart or OAN...facts matter.utopian
    • laid off due to gov quarantine restrictions right utopian? mandate central planning that is opposite of capitalism right?
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    • tippy top!inteliboy
  • i_monk1

    ^

    • America is really fucked...except for the banks and corporate America. I would've never guessed the outcome.utopian
    • wait utopian you never saw mass layoffs if gov restricts most modes of commerce?
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    • lol
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    • curious what you think would happen in such a scenario? not that you think since you are a copy pasta troll
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    • he's being sarcastic you moron.inteliboy
    • no hes not. hes being consistent. gov is doing what he has said is awesome. only it creates what he hates
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    • you should let him speak for himself. good way to see how much a troll
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    • Quit while you're behindi_monk