Added: Jan 28, 2012
From: FullSpectrumNews
Duration: 3:30
We talk about capitalism with two demonstrators at Occupy Nashville-- two different perspectives, but both agree capitalism may not be the best way to define the system we have in America. What do you think is the best way to describe America's current politico-economic system? Familiarize yourself with some of the possibilities, then visit the link and take the poll-- http://poll.pollcode.com/kdsg ... Capitalism- an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market. Corporatism- a political system where the interests of government and business are closely tied, where corporations and other moneyed interests effectively control the direction and governance of a country. Corporate Oligarchy- a form of power, governmental or operational, where such power effectively rests with a small, elite group of inside individuals, sometimes from a small group of educational institutions, or influential economic entities or devices, such as banks and/or other commercial entities that act in complicity with, or at the whim of the oligarchy. Crony Capitalism- a capitalist economy in which success in business depends heavily on close relationships between business people and government officials, which may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, policy exemptions, and so forth. Oligarchy- a form of power structure in which the power effectively rests with an elite class distinguished by royalty, wealth, family ties, commercial, and/or military legitimacy. Plutocracy- rule by the wealthy, or power provided by wealth.
Channel: News
Rating: ( ratings) Views: 34 Comments: 1
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bambam8541 Says:
Jan 29, 2012 - Thanks to mostly Democraps we have mostly a welfare country. When people make no money but receive it from the govt, we must remember the govt makes no money but only takes money, we now have legislative slavery. Thats right, we are slaves to big govt.