Happy Wall Street Day? »
Posted By Progressive 3 months, 3 weeks ago in Business & Finance
"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if Labor had not first existed. Labor is superior to capital, and deserves much the higher consideration."
- Abraham Lincoln
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Progressive
There are only two kinds of people who are really fascinating: people who know absolutely everything, and people who know absolutely nothing. -- Oscar Wilde
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hyperbola3 months, 3 weeks ago
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Too late. "Financiers" are now a much bigger component of our economy than manufacturing. Thank Reagan for transferring American wealth to the super-rich (after all 50% of Americans lost their life savings during his administration) so that corrupt financiers could gamble with our wealth. Thank both Bushes, Clinton and now Obama for continuing that trend.
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FTA:
"""We have so devalued labor that we hardly notice when millions of people lose their jobs. If you take a close look at government reports, you'll see that 29,732,000 of our fellow Americans are unemployed and underemployed, giving us a real unemployment rate 18.55 percent."""
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