Comments by "" (@jmitterii2) on "Reporter Tells Truth About War u0026 Gets Fired By NYTimes w/Chris Hedges" video.

  1. And any market whether you want to label it "free" or whatever, is always just a set of rules devised to trade goods and services among people. It's that the elites increase their power to control those rules that increase their power absolutely away from democracy and the needs of the citizens of a nation and of the workers of enterprise. Even makes it difficult for those wanting to free lance or start their own businesses. We need to restructure the economy via co-ops... instead of corporations with a few oligarch toadies and oligarchs themselves at the board of directors, all employees are at that board, similar to Germany's co-determination requiring about half the board be seated by union elected wage earners. But the described co-op would be all employees would get 1 vote each for leaders, supervisors, proposals on production methods, safety, compensation including pay, differentials, vacation and sick time allotments, retirement plans, etc. and capital expenditures, etc. You wouldn't have profitable businesses as they do today, keep 95% to 80% of profits when considering employees as if total labor costs including payroll matching and all labor compensation is added back as net profits because today that's not how accounting works, total employee costs are just that a cost to be subtracted to get net profits. And that profit is also after capital expenditures. A co-op reserve bank could be devised to lend at a discounted rate similar to the way federal reserve bank lends over night other range amounts at a discount essentially promising them a profit so long as they don't agree to too many risky loans, and keep a sufficient reserve balance. If it's good for the banks, it's good for business in general, so a co-ops would thrive... this cuts off the need to have an aristocracy for investment... capital formation can come from this Co-Op Federal Reserve lending directly to various businesses, they would apply at branches and deliver their business proposals, just as any business does today with banks and investors to demonstrate viability and determine if they will be granted loans. Investors and workers could still contribute if they wish to investing into a co-op as well, but they would still only have 1 vote as an investor and/or employee, no matter the amount of that investment to manage the business. No co-op would outsource itself to oblivion, take on massive amounts of debt just to buy off competition in the short run, only to be eventually entrenched with so much debt unable to then do capital expenses to grow and revitalize the business as they do today, no co-op enterprise would see their workers living on peanuts if they're highly profitable some hefty profit sharing... today profitable companies pay 95% to 80% to investors a dividends if you consider the total compensation to employees as part of the full 100% profit. They could literally double everyone's wages and still walk away with 80% to 60% of the profits. We're talking about doubling everyone's income, a seriously life changing event for every employee at a business. That's the stark contrast we have from current corporate business to a co-op business, such insanity would not exist when employees submit and vote on operational proposals.
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  2. I think to be more specific, no free market really exists. Markets are a set of rules devised to trade goods and services. It's that these markets become owned by a very few elites that destroys democracy. It then makes a vicious cycle demand destruction, it's own contradictions destroys itself, sometimes quickly and suddenly in a massive bust, and sometimes in a meandering whimper of long term misery ever increasing in insanity.
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