Max Keiser - Capitalism is Eating Itself in America

[balantz]

Run time: 07:31 https://www.youtube.com/watch?v=WWJ1uaG8tX4   Posted on YouTube: May 05, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: May 08, 2009 By DU Member: balantz Views on DU: 1523

 
"...They're going after the last crumbs on the table as the American economy implodes."

[DireStrike]

1. Eh. What he said was right, and it needed to be said BUT

I'm afraid he came across as crazy and off-point. He pretty much ignored the questions and went off on his own rant. He said Fiat was good for the bankers and then that it wouldn't accomplish anything for anyone because it was a drowning company. His description of CH7 vs CH11 bankruptcy was correct, but simplistic.

So what, you say? Ok, his commentary seemed aimed at the "common man" crowd, joe sixpack and the like. Who are definitely watching bbc, right? And then he insults the workers... that's surely likely to win him friends. Perhaps it needs to be said though.

At the last, I'm glad to hear this kind of opinion being vented, but I'm not sure what good it does since it's not even in American media.

[niceypoo]

2. He is explaining US bankruptcy law to Europeans

This is a French news service, not sure they have 'joe sixpack' in france but I could be wrong.

[waiting for hope]

5. "then he insults the workers"...

How? He was dead on - they have no representation, they have given away the farm and allowing the Big Head and the Hedge Funds dictate their rights.

[Phred42]

11. He is correct about American Workers

I am one. Read up on the Haymarket Square Riot. THAT is what it looks like when the workers are doing SOMETHING. The particular affair was about getting you an 8 hr day and 40 hr work week. People died to bring that to us and we have blown it off. Haymarket Square is what it took at the time to get the job done. Where is that commitment today?

[followthemoney]

3. American's Emperor has no clothes

But that's no problem because the emperor himself is invisible to most Americans.

The parasite extractive class praises the productive working man and speaks of the dignity of labor that they exploit so well.

The workers are honored for their dedication to their jobs as long as it serves the interests of the extractive class.

When profits dictate otherwise, they are denigrated for the lack of ambition which led them to perform necessary labor for 25 years. Loyalty is transformed overnight into laziness by the extractive class when it suits their needs.

It is so much easier to fire lazy people than loyal people. And all it requires is a flip of consciousness.

[ljm2002]

4. I am so glad Max Keiser is out there...

...and cutting through all the BS terminology that the talking heads love to blather on about. He knows what's what and gives it to us straight, no chaser.

[waiting for hope]

6. Hedge Fund companies controlling

the industries - what a sad state this country is in ... been shopping, they don't have these in the stores yet:



K&R BTW - and this one with Max -

http://www.youtube.com/watch?v=Kvv_5Q4EfNI

Toilet Paper money ... let's just print more! :sarcasm:

[balantz]

7. What? You don't think there's a garment industry and coinage for serfdom do you?!

You've gotta make your own sacks and rags.

[waiting for hope]

8. Better start shredding the sheets -

[balantz]

9. Oh, I already did.

But then I noticed I was making a rope and had to stop.

[waiting for hope]

12. Noooooooooo!

Stare into it and then go watch the news ... you will feel all better!

[Karenina]

10. Max just cracks me up!!! He is 1 of 1.

:rofl::rofl::rofl::rofl::rofl::rofl:

[avaistheone1]

14. I am becoming a bigger fan with every piece he does.

Max is simply wonderful.

[dcsmart]

13. K & R, but not for his comments about the workers

it is far more complicated then that with regards to the workers. it is easy for him to say, 6 figures no doubt, but the unions are not as strong has they once were and they are the ones brokering the deals with the companies. people do not want to lose their jobs and are afraid of rocking the boat, legitimately. what good is losing your job and then protesting and maybe getting arrested. workers around the world protest as we see on the news, but that is a standard with them. they may or may not have to have permits like we do. the only way workers will regain their power is through stronger unionization of all the working class. and remember how marx defined the working class.

In proportion as the bourgeoisie, i.e., capital, is developed, in the same proportion is the proletariat, the modern working class, developed — a class of labourers, who live only so long as they find work, and who find work only so long as their labour increases capital. These labourers, who must sell themselves piecemeal, are a commodity, like every other article of commerce, and are consequently exposed to all the vicissitudes of competition, to all the fluctuations of the market.
Text

http://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch01.htm

that definition describes the majority of the people in this country and it is that majority that need to unionize and fight the government and its corporate allies.