Googolplex wrote:Anyone with some knowledge of constitutional law out there?
That's part of the reason that religious leaders have been excellent accumulators of power through history--i.e., they are able to bluff the secular authorities into believing that they possess authority granted from a higher power. Once the ruse is uncovered, the religious leaders are discredited and they lose their power. Ever wondered what the Founding Fathers in the U.S. were thinking when they separated church and state? It was just a way of keeping the clergy from accumulating power as they had in Europe. Pretty slick move there, though it wasn't quite "freedom of religion" as advertised (more like freedom FROM religion).
BigTex wrote:Here is a great way to test the level of protection to personal liberty provided by the Constitution: take a copy of the Constitution and a bayonet and see whether or not the bayonet is able to poke through and slice up the Constitution. This exercise is quite instructive in the way that laws purporting to protect individual liberty actually work.
Googolplex wrote:But then what about the other copy over there? And the 10,000 copies over there? And the electronic copys that exist now in a million places all over the internet? The Constitution can be represented on a piece of paper, but it is not itself a piece of paper. It is the United States of America. The USA and the US Constitution are one in the same. They, or rather it, is a nation.
You are right of course to a certain extent, that is how things realistically seem to work, but it is the nation that is being undermined and taken over, not just a document.
The power is not being concentrated in the hands of "the federal government" at the expense of the Constitution, the federal government is entirely a creation of the Constitution, a figment of the nation's (and therefore the Constitution's) imagination so to speak.
The power is being concentrated in to the hands of the individuals who control that federal government. To blame it all on a power grabbing federal government "boogie man" would only serve to let the individuals responsible off the hook.
Even Harvard University, whose endowment of $26 billion makes it the world’s richest academic institution, fell for Wall Street’s financing in the dark: The Cambridge, Massachusetts- based university paid $497.6 million to investment banks during the year ended June 30 to cancel $1.1 billion of swaps.
pup55 wrote:Even Harvard University, whose endowment of $26 billion makes it the world’s richest academic institution, fell for Wall Street’s financing in the dark: The Cambridge, Massachusetts- based university paid $497.6 million to investment banks during the year ended June 30 to cancel $1.1 billion of swaps.
So the so-called leading business school in the nation is unable to correctly analyze an investment. No doubt the leading sales people were alums of this illustrious institution.
It's always funny to see people take the general position that regulation is bad, but capitalism is good. I, too, am a capitalist and I can't see how any reasonably intelligent capitalist can be opposed to regulation and wealth distribution. Both are critical components to keeping a capitalistic system sustainable long-term.
You need regulation to keep the market competitive and to protect your local/state/country's interests. A central tenant of capitalism is that competition drives innovation and efficiencies. If companies are allowed to monopolize industries, or can drive down prices through use of external labor, it is no longer driving innovation and efficiencies, it's "faking it" through other mechanisms, and as such, no longer doing it's job.
Furthermore, over time, capitalism has a tendency to "devour itself". In order to function, capitalism relies on an ever increasing exchange of goods and services (i.e. exchange of money). This type of market is most functional when there is a high concentration of people with a reasonable amount of disposable income to spend (large middle class). That extra money is like a "vote" that is economically used to reward people who are the most innovated, efficient, and hard working; ultimately driving the economy to greater efficiencies. On the other hand, the very nature of capitalism encourages concentration of wealth in the hands of the very few. While not terribly damaging in the short term, the long term result is actually counter-productive to the capitalistic system. Wealth redistribution isn't only about humanitarian issues, it's essential to the long-term viability of our economic system. A strong middle class is absolutely essential to sustaining a capitalistic system long-term, even if that isn't always in the best interest of short-term profits.
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