BOOMERBUSTER

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Saturday, May 14, 2016

RE DK CURRENT POST

"...Above all, they have shut their eyes to the basic fact of capitalism, as elucidated two years ago by Thomas Piketty: that the natural processes of capitalism make capital grow faster than the economy as a whole.  That is the biggest single reason why inequality has been increasing in the United States, and it will continue to increase, as Bernie Sanders alone among the major candidates understands, unless the government intervenes drastically in the economy, most notably by increasing marginal tax rates...." DK

The terrible thing, and the even bigger reason, about our capitalism, known for 6 or 7 decades now by a few, is that it eliminates the nation state itself, and the integrity of a so called nation state economy, altogether.

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