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Video: President Obama's Statement on the Affordable Care Act

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Justanotherhuman4/01/2014 3:02:44 pm PDT

Yes, Joey, capitalism does have a “fuck the rest of you, I’ve got mine” feature which the richest discover very early. It’s inherent in the system and they want to keep it that way.

The Top of the World
An ambitious study documents the long-term reign of the 1 percent

bookforum.com

“The core message of this enormous and enormously important book can be delivered in a few lines: Left to its own devices, wealth inevitably tends to concentrate in capitalist economies. There is no “natural” mechanism inherent in the structure of such economies for inhibiting, much less reversing, that tendency. Only crises like war and depression, or political interventions like taxation (which, to the upper classes, would be a crisis), can do the trick. And Thomas Piketty has two centuries of data to prove his point.” (my emphasis)

(snip)

“But something has changed within that 1 percent: While it was once dominated by a population of rentiers, coupon clippers who barely worked if at all, it is now dominated, especially in the United States, by a group of star CEOs and financiers who flatter themselves that they’re being paid for their extraordinary talents.”
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