Social media and the Wall Street protests #Occupytheweb

Since there are a lot of Graphics and stuff in the article, here's the link:

http://www.economist.com/blogs/democracyinamerica/2011/10/social-media-and-wall-street-protests

It's a "movement" that will peter out in due time. Most Americans that I've talked to think these people are stupid. And some of those I've talked to are Democrats.

But hey... it's a free country and you're free to protest all you want as long as it doesn't infringe on me or someone else (ie:property destruction).

You know what pisses me off about the media coverage of this is just how much the MSM (like the evening news) has been flying cover for these retards. This so-called "movement" is nothing more than a convention of spoiled brats who have no concise and coherent message of any kind and, judging by their list of equally idiotic demands, what the world handed to them on a silver platter with no effort on their part.

They are human refuse and should be treated as such!

They're running fucking ads on Craigslist offering to PAY people to come and protest and unions are driving their people into this damn thing and yet no mention of this on the evening news, who are portraying this as spontaneous and organic - but this nothing more the an astroturf event.

And yet when the Tea Party movement exploded on the scene last year - a TRUE grassroots spontaneous movement - the MSM and Democrats attacked them viciously, hatefully and called them every vile name in the book and accused them of being nothing more than paid for shills and astroturf!

The fucking MSM are the most loathsome people on earth.

As usual, you're applying the actions of a few to everybody. The concern over how much power the financial sector has over all of our lives is neither idiotic, not is it only shared by spoiled brats.

But this is just utter nonsense. This isn't about the power the financial sector has over people! Read their list of demands! It reads like a screed from the Marxist left! They want a minimum wage of 20 freaking dollars!!! They want free college educations and a guaranteed "living wage" whether they are working or not!!! And that's just the tip of the iceberg of their demands.

If they were REALLY concerned about the power wielded by the financial sector, they'd be marching on Washington and their list of demands would be calling for the heads of the crony capitalist politicians that ALLOW the financial sector to get away the things they do.

But they have no interest in the practice of capitalism as is evident by their demands - no, they want a socialist "utopia" right here in America.

They are spoiled brats who want the world handed to them on a silver platter!

Bubbles, you do know what crony capitalism is, don't you?

Btw, both parties are guilty of practicing it.

Yes, I know what crony capitalism is.
If it wasn't about the power of the financial sector, they probably wouldn't be camping out in front of WALL STREET. One of the main reasons for the protest IS the power of the financial sector.

Crony capitalism is part of the problem with Wall Street. The Solyndra scandal is the poster boy for crony capitalism. Politicians = crony capitalism.

BubbleBliss wrote:
Yes, I know what crony capitalism is.
If it wasn't about the power of the financial sector, they probably wouldn't be camping out in front of WALL STREET. One of the main reasons for the protest IS the power of the financial sector.

But what all of those moronic protesters fail to grasp, thanks to their government educations, is that financial sector HAS NO POWER for mischief not GRANTED THEM BY POLITICIANS!!!

It is the crony capitalists on the Hill that make corporate misdeeds possible!!!

But because these geniuses in the park are nothing more than a mob, facts and logic will have no sway on them. Mobs are incapable of critical thinking.

The book I am currently reading, which is based on Gustave Le Bon's "The Crowd: A Study of the Popular Mind", explains mob behavior in great detail, giving historical and contemporaneous examples of the truths of mob behavior.

And the Wall Street protestors are the very picture of a mob.

And their list of "demands" have nothing to do with the power of the financial sector and everything to do with pushing a socialist agenda.

So you think that a deregulation of the financial sector by the government would fix all problems?
I'm just having a hard time understanding your position on the power of the financial sector.

BubbleBliss wrote:
So you think that a deregulation of the financial sector by the government would fix all problems
I'm just having a hard time understanding your position on the power of the financial sector.

NO!!! It's not about sane regulations, it's about insane regulations that are created by POLITICIANS for the sole purpose of expanding their power to favor certain corporations over others! Thats crony capitalism! And politicians willing to betray their public trust are the ONLY people capable of playing that game!

Wall Street couldn't get away with anything without the crony capitalist politicians!

It's not like this rocket surgery! But the morons protesting on Wall Street can't grasp this simple fact because they are a MOB and not individual thinking beings.

Seriously Bubbles, you should read these (when you have the time of course). They're short articles.

Definition: http://en.wikipedia.org/wiki/Crony_capitalism

Capitalists oppose crony capitalism as well, but consider it an aberration brought on by governmental favors incompatible with a true free market. Sometimes it is referred to as "state corporatism."

and a few good articles here;
http://www.forbes.com/2009/05/01/bank-of-america-personal-finance-investing-ideas-crony-capitalism.html


http://www.commentarymagazine.com/2011/07/17/light-bulb-crony-capitalism/

Most Americans buy the line they’ve been sold about the bulb: the new lights are more efficient and therefore will “save the planet.” But what they don’t know is the drive to ban the old bulbs has more to do with the interests of the manufacturers than the poor suffering planet.

http://www.beaufortobserver.net/Articles-c-2011-10-11-256326.112112-Still-more-crony-capitalism-in-the-Obama-Administration.html

Loan to a broke company more than twice as large as Solyndra

[this is a new breaking story]


http://www.americanconservativedaily.com/2011/10/jobs-panel-recommendations-reveal-crony-capitalism/

In addition to Immelt, other members of the jobs panel can profit from its recommendation on clean energy. Billionaire venture capitalist John Doerr’s firm, Kleiner Perkins Caufield & Byers, has invested hundreds of millions of dollars in green energy and Lewis Hay, Chairman & CEO of NextEra Energy, has also invested in renewable energy.

http://palmbeachcountyteaparty.org/2011/09/solyndra-a-perfect-example-of-crony-capitalism/

You’ll recall that Soylyndra was given a loan guarantee of $535 Billion dollars by the administration. It appears to me that this waste of our money was prompted by 2 goals – 1) payback for generous campaign donations, and 2) an obsession with destroying the existing energy industry.

All in all, this is practiced by members of both parties. It lines their pocketbooks in the end. How? They invest in a product or venture (which isn't illegal for them to do) and they get a return on it even if everyone else gets fucked.

dblboggie wrote:

BubbleBliss wrote:
So you think that a deregulation of the financial sector by the government would fix all problems
I'm just having a hard time understanding your position on the power of the financial sector.

NO!!! It's not about sane regulations, it's about insane regulations that are created by POLITICIANS for the sole purpose of expanding their power to favor certain corporations over others! Thats crony capitalism! And politicians willing to betray their public trust are the ONLY people capable of playing that game!

Wall Street couldn't get away with anything without the crony capitalist politicians!

It's not like this rocket surgery! But the morons protesting on Wall Street can't grasp this simple fact because they are a MOB and not individual thinking beings.

So would you support the abolishment of crony capitalism and putting tougher regulations on the financial sector? I understand your position on crony capitalism, but I'm not quite sure what your stance toward the financial sector is.

And thanks, Tex. I looked over some of the articles. Interesting stuff!

BubbleBliss wrote:And thanks, Tex. I looked over some of the articles. Interesting stuff!

The thing about it is that it's a very bi-partisan issue (cronyism). That's another thing that the Tea Party wants gone.

BubbleBliss wrote:

dblboggie wrote:

BubbleBliss wrote:
So you think that a deregulation of the financial sector by the government would fix all problems
I'm just having a hard time understanding your position on the power of the financial sector.

NO!!! It's not about sane regulations, it's about insane regulations that are created by POLITICIANS for the sole purpose of expanding their power to favor certain corporations over others! Thats crony capitalism! And politicians willing to betray their public trust are the ONLY people capable of playing that game!

Wall Street couldn't get away with anything without the crony capitalist politicians!

It's not like this rocket surgery! But the morons protesting on Wall Street can't grasp this simple fact because they are a MOB and not individual thinking beings.

So would you support the abolishment of crony capitalism and putting tougher regulations on the financial sector I understand your position on crony capitalism, but I'm not quite sure what your stance toward the financial sector is.

And thanks, Tex. I looked over some of the articles. Interesting stuff!

Excellent questions!

Yes, I am all for abolishing crony capitalism. It is a pernicious cancer rotting at our political core and destroying constitutional republicanism and free market capitalism.

As for financial market regulation, this is not as simple as we need more or less regulation.

Bear in mind, it was financial regulations forced on lenders that set the stage for our meltdown. And likewise, it was a lack of regulation of our two biggest home lending institutions, Fannie and Freddie, that ultimately created the meltdown.

What I would be in favor of is an indepth examination of all financial sector regulations and abolishing those, like the CRA, which are crony capitalist in nature and retaining those that make sense.

I hope that answers your questions. If not, feel free to dig deeper.