“Capitalists are perpetuating, and making big bucks from, market failures that deliver crappy products and shoddy services.” Go read the piece my friend Doug Smith wrote for Alternet.
They bring bad things to life
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Excellent!
The total Gross (Inter)National Product of the world each year is $70 trillion dollars. Barclays, JP Morgan Chase, and the rest of the crooked bankers around the world who are stealing our meager wages have outstanding loans of $360 trillion dollars on their books. A 1/10th of a point (.01) move in the LIBOR rate either up or down equals huge profits to the bankers and the rest of the friends of the lying Romney. ($360. trillion x .01%) Additionally, if the world produces $70 trillion dollars in wealth each year, it would take over 5 years to retire the outstanding debt if we devoted every dollar made by every man, woman and child on earth every year. And you wonder why the Capitalist 1% is so rich and Greece and Spain are so poor?