Upsetment
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Why Bigness Became a Bipartisan Cause on Capitol Hill

Why Bigness Became a Bipartisan Cause on Capitol Hill | Upsetment | Scoop.it
A source of anger in an election year
Kenneth Weene's insight:
The key ingredient for workable capitalism is the existence of free markets in which competitors can vie for customers with both price and quality and in which informed consumers can take advantage of that competition to search for the best deals. Today, the consumer-producer interface is almost non-existent as megalithic structures such as banks, holding companies, and box-stores have gobbled up the economy in a feeding-frenzy. Now, they are trying to take over the political process using unlimited money, hidden mechanisms like ACORN, and distraction possible by controlling the media. Will there be enough resistance to generate a new political party? Can we as a nation rethink and recreate our democratic system? From my perspective, we are facing not a slippery slope but a precipice. It is time for America to take herself back from the money changers. 
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Where the World's Unsold Cars Go To Die | Zero Hedge

Where the World's Unsold Cars Go To Die | Zero Hedge | Upsetment | Scoop.it
In the past several years, one of the topics covered in detail on these pages has been the surge in such gimmicks designed to disguise lack of demand and end customer sales, used extensively by US automotive manufacturers, better known as "channel stuffing", of which General Motors is particularly guilty and whose inventory at dealer lots just hit a new record high. But did you know that when it comes to flat or declining sales and stagnant end demand, channel stuffing is merely the beginning? Presenting... Where the World's Unsold Cars Go To Die
Kenneth Weene's insight:

This is strong evidence that the "capitalist" system of Adam Smith is not the way our actual economic system is working. Excess supply should drive down prices or supply, but that isn't happening. Instead we have collusion among the manufacturers, which is why we need government supervision of markets.

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Bernie’s greatest legacy: Suddenly, it’s OK to question capitalism!

Bernie’s greatest legacy: Suddenly, it’s OK to question capitalism! | Upsetment | Scoop.it
Sanders will never be president, but he unveiled an explosive political truth: Capitalism has eaten democracy
Kenneth Weene's insight:
The real problem is that we don't have capitalism in America. First and foremost, the capitalist system requires information in the marketplace, and let's be realistic, the American consumers have next to know real information.Second, it requires real competition between producers. Duh, in America? Third it requires easy flow of capital from investment to investment. Not happening here. Fourth, it can only exist when the government willingly takes on the economic tasks that do not lend themselves to profit or from which profit should not be gained, such as building roads, operating police forces, running prisons and courts. Our government has ground to a halt on many of those or is distorting them by outsourcing. The goal of capitalism was never the amassing of wealth but the best system of distribution of goods and services. To that goal, it provides a method of valuation that should be based one real utility. Clearly, in today's skewed economy, capitalism has failed. 
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