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Elliott Wave Trading

The 1% Loves Socialism

Politics / US Politics Oct 29, 2011 - 02:31 AM GMT

By: Submissions

Politics

Scott Cruickshank submits: You’ll notice if you’ve been paying attention to the war of propaganda that the 1% and their obedient lickspittles are going all out to frame the 99% VS. 1% showdown as a battle between Capitalists and Commies. Capitalism of course being good, socialism bad. I laugh every time I hear it because logic and common sense just doesn’t support the spin.


What happens when a new 10,000 unit section 8 HUD complex is built in Chicago or Cleveland or Baltimore, wherever? First thing the government does is borrow the money. Who do they borrow it from? Bankers. Bankers love interest payments, bankers love socialism. Next thing they do is take bids from construction companies to build it. Who builds it. The nation’s largest construction contractors. Construction contractors love high paying, built-by-the-lowest-bidder jobs. Construction companies love socialism. Once the structure is built it must be made habitable. The place needs 10,000 stoves, 10,000 refrigerators, 20,000, ceiling fans 5 million miscellaneous electrical fixtures and about 1 million light bulbs. Who provides all that stuff? General Electric. General Electric loves socialism. General Electric loves socialism so much it even went as far as buying the National Broadcasting Company in 1986 to sing its praises throughout the land 24 hours a day 7 days a week. They love it even more when they don’t have to contribute to the socialist state by paying taxes.

Socialism is the last thing the 1% want to see driven out of America. It makes them so much money. The bankers are such fans of socialism that they have so far donated more money to the Obama re-election campaign than to all other Republican hopefuls combined, according to the Washington Post. Those people don’t want to see and end to big government. Big governments borrow money. And it isn’t just socialism, they love the full monty. The last 20 years the Capitalists have been running into communist China as fast as their little feet can take them. Odd for a bunch of dedicated Capitalists isn’t it? The truth of the matter is the 1% don’t care either way. They do whatever it takes to make money. They don’t believe in Capitalism or communism. They believe in interest. Naked self serving interest… and money. That’s all they believe in. Their morals and beliefs are purely situational. If your home sits on a parcel of land they need to build a warehouse for their communist made imports, they have the government force you out of it. They tell you it’s all for the collective good of society that you got the boot. Total by the book Karl Marx communism. The sanctity of private property, they don‘t care. As long as it’s not their property. Talk about nationalizing one of their businesses and all of the sudden then it’s all about private property and freedom... Ayn Rand said ... blah, blah, blah.

Even the blowhards on FOX do their best to support the ripoff system. Only they work on the other angle, keeping the big government tax and borrow and spend war on terrorism and military rackets operating at peak profit generating capacity. There are no small government, balanced budget beliefs in that bunch.

It’s time we took a lesson from the 1%. They gave us communism and capitalism to keep us happy while they looted the place. We can pick one we like and thank god or man we have it, because if we didn’t things would be even worse. The 1% Communists blame all their problems on the bourgeois pigs, the 1% Capitalists blame all theirs on commie pigs. And the 99% eat the crap sandwich they are handed and are grateful to have it. That’s the way the 1% has always liked it. They rip you off and you blame someone else. It‘s time the 99% put aside the foolish isms and started looking out for their own interests. Nothing but pure, naked, self serving interest. What’s good for the 99% is good for America. So what if eliminating child labor is a plank of the communist manifesto. It’s good for you. You don’t want your 10 year old kids working in coal mines and you don’t want them driving down the price of your labor. And if the city smoking ban has killed business at the restaurant you work at, then work to kill the smoking ban and return the right to decide who smokes and when to the owner of the property. That’s capitalism. So what, it’s good for you. From now on you do what’s good for you, period. It’s worked for the 1% pretty well.

© 2011 Copyright Scott Cruickshank - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


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