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The 'Class War' Speech by Prof. Noam Chomsky - 52min

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    The 'Class War' Speech by Prof. Noam Chomsky - 52min






    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    Chomsky points out what Warren Buffett did as well.
    That the real 'class warfare' is occurring by the top economic class against the bottom economic classes.

    Whenever a Republican politician complains that class warfare is occurring I start laughing.
    Yes it is, but you are in favor of the real class warfare that is going on when it falls within increased movement of capital from the bottom economic classes to the top.
    Your perception of 'class warfare' is when the lower economic classes start objecting to being screwed over by the top economic classes who rig the system in their favor by buying off politicians and engage in crony capitalism to their own financial benefit.
    Related to globalism, 'free markets' and the resultant 'wage harmonization' that results in stagnant wage gains by the middle class, an increase in American jobs with low wages and reduced benefits.

    Associated with an escalation of income gaps between the wealthy and the lower economic classes.
    All related to increased capture of capital at the rich, wealthy and investor class levels.
    Which Republican politicians complaining that class warfare is occurring are in favor of.

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    for those of us that understand this stuff it's so freaking bloody obvious. a lot of people are biased, extremely ignorant, etc. and don't understand economics at all but also I think a good portion are in denial about how much control they actually have over their lives and they can't handle the realities of the class warfare in the US.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    Quote Originally Posted by LAM View Post
    for those of us that understand this stuff it's so freaking bloody obvious. a lot of people are biased, extremely ignorant, etc. and don't understand economics at all but also I think a good portion are in denial about how much control they actually have over their lives and they can't handle the realities of the class warfare in the US.
    People do not think about what the meaning of class warfare really is and how it works.

    Corporatist have been waging it against the middle class starting with the off shoring of U.S. manufacturing in the 80's.
    The creation of the internet has been one of the primary reasons of the dynamic shifts in the U.S. labor markets.
    There are structural changes occurring in the U.S. Job market due in part to globalization and the internet.
    Both of the above factors are some of the reasons why the U.S. job market has not recovered post recession they way that it did following the last recession in the 80's.
    There are less jobs available now paying middle class wages with decent benefits due to the above.

    The above are some of the reasons why middle class wages have been stagnant for years.
    They also are some of the reasons for the increase in income disparity in the U.S as it is causing huge shifts in capital flows from the lower economic classes to the rich, wealthy and investor classes.
    Capital is trickling up and staying there and is not trickling down resulting in job creation and associated wealth increases in the middle and lower economic classes.
    The rich are getting richer and the rest are getting poorer.
    This state of affairs will eventually self destruct as it is not sustainable.

    All of the rhetoric regarding taxes and regulations being a primary cause of declines in the middle class U.S. job market are a smoke screen.
    Taxes are the lowest they have been in decades and effective corporate tax rates are resulting in some multinational U.S. corporations paying 0 effective taxes to the U.S. government.

    Billionaire investor Warren Buffett understands how class warfare by the wealthy investor class against the lower economic classes is implemented, how it works, who benefits from it and based his following statement off of that understanding.

    "If there is such a thing as class warfare, my class is winning it."
    Last edited by Bowden; 02-18-2013 at 11:04 AM.

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    Quote Originally Posted by Bowden View Post
    Capital is trickling up and staying there and is not trickling down resulting in job creation and associated wealth increases in the middle and lower economic classes.
    The rich are getting richer and the rest are getting poorer.
    This state of affairs will eventually self destruct as it is not sustainable.

    All of the rhetoric regarding taxes and regulations being a primary cause of declines in the middle class U.S. job market are a smoke screen.
    Taxes are the lowest they have been in decades and effective corporate tax rates are resulting in some multinational U.S. corporations paying 0 effective taxes to the U.S. government.

    Billionaire investor Warren Buffett understands how class warfare by the wealthy investor class against the lower economic classes is implemented, how it works, who benefits from it and based his following statement off of that understanding.

    "If there is such a thing as class warfare, my class is winning it."
    there are no incentives for the so called "job creators" to be innovative anymore, not when they have the fed gov in their pockets, full access to a corrupt financial sector and can do it via wealth transfers, etc. via legislation and rent seeking activities.

    here's a perfect example:

    during the housing boom in Vegas 50% of the new home sales were to speculators, which of course only helped to drive up home prices to an artificially created housing demand. then after the bust there was massive inventories of homes for sale many below their original sales prices from 8-10 years ago. the speculators and investors with cash have come back into the Vegas market and scooped up all of those homes now at rock bottom prices. home values are not appreciating/or decreasing but now due to an actual housing shortage rents are going up. a nice 2-bedroom townhouse that was 850-900 a month 3-4 years ago is 1300-1400 now, all while wages have increased 0% once adjusting for inflation.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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    Multi-billion dollar corporations should be paying some form of taxes in this country. It boggles my mind that they can weasel their way into not paying one red cent, I don't care how well they are at finding the loop holes, deductions, etc first and foremost they should, in this time of strife, be doing as much as they can to keep our country afloat. If they are as Romney said, then they should be patriotic enough to toss in the pot for the greater good. But since they bought and sold the gov. they must have a reason for not wanting to turn over any money to it. Either they are preparing some kind of hostile takeover or it's already happened... We are the new serfs of the American Fiefdom....
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    Quote Originally Posted by maniclion View Post
    Multi-billion dollar corporations should be paying some form of taxes in this country. It boggles my mind that they can weasel their way into not paying one red cent, I don't care how well they are at finding the loop holes, deductions, etc first and foremost they should, in this time of strife, be doing as much as they can to keep our country afloat. If they are as Romney said, then they should be patriotic enough to toss in the pot for the greater good. But since they bought and sold the gov. they must have a reason for not wanting to turn over any money to it. Either they are preparing some kind of hostile takeover or it's already happened... We are the new serfs of the American Fiefdom....
    it's exactly why capital gets taxed at different rates than labor wages. the only people that think capital should be taxed at 0% are either capitalists at the top or the suckers that don't understand the economic system we have in the US. fighting for policies that only make their lives worst. the low interest rates are another perfect example of the class warfare in the US. interest rates paid out to depositors on checking/savings accounts are a mere 18-25% of the real annual inflation rate which is much higher than that CPI bullshit.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

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