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Jessica Olsen

AmpedStatus - Knowledge Is Power - 0 views

  • t’s time to Occupy Democracy
  • Through a system of legalized bribery — campaign finance, lobbying and the revolving door between Washington and the most powerful global corporations — our government has devolved into a rigged system of exploitation.
  • we will focus our energy on striking at the root of evil by ending the system of political bribery that holds our future hostage.
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  • The first is a Public Service Announcement campaign to pump the message out to the masses. Here’s the first 30-second spot to come out of the new 99% Get Money Out campaign:
  • The second effort is a campaign that I am currently focusing my time on, and is without a doubt the most ambitious project I have ever been part of. The #MoneyOutPack is a collaborative community and social network dedicated to, you guessed it, getting money out of politics and combating government corruption. The campaign and website are still in development, but it is a highly participatory citizen empowered movement driven by a decentralized and distributed network of power, effectively maximizing and riding the wave of communication technology that the internet has created for new movements of change to thrive.
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    The 99% movement, article about non-profit activities that are political. Wall-Street is under attack by this group who wants to change the hands that all the money is in.
Jessica Olsen

Dictionary of American History - 0 views

  • ictionary of American History | 2003 | COPYRIGHT 2003 The Gale Group Inc. (Hide copyright information)
  • CAPITALISM is an economic system dedicated to production for profit and to the accumulation of value by private business firms. In the fully developed form of industrial capitalism, firms advance money to hire wage laborers and to buy means of production such as machinery and raw materials. If the firm can sell its products for a greater sum of value than that originally advanced, the firm grows and can advance more money for a new round of accumulation. Historically, the emergence of industrial capitalism depends upon the creation of three prerequisites for accumulation: initial sums of money (or credit), wage labor and means of production available for purchase, and markets in which products can be sold.
  • Eliminating negative features of capitalism while preserving positive ones is not a simple or straightforward matter. As Robert Heilbroner observed, a medical metaphor is inappropriate. It is not possible to "cure" capitalism of its diseases and restore it to full health. Moreover, measures that eliminate one problem can help produce the next. For example, if government spending and transfers provide a "floor" to soften depressions, inflationary tendencies can result. But a historical perspective helps underscore the fact that capitalism is not an immutable system; it has changed in the past and can continue to do so in the future.
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  • Large-scale firms contributed to rising productivity but created potentially dangerous concentrations of economic and political power. Evolution of banking and financial institutions both aided growth and added a source of potential instability to the economic system.
Jessica Olsen

Wealth Distribution - 0 views

  • The democratic argument: The concentration of wealth in a small group allows for anti-democratic influence of social policy. The wealthy have the ability to create their own "think tanks" and astro-turf front organizations. These are then used to create the perception that the public is in support of their self-serving objectives. Recent studies have shown how these techniques were used in the repeal of the estate tax debate as well as in the rise of new factions opposing the liberal social policies of the Episcopal church. When such vast amounts of money are under the control of a tiny group the basic mechanisms of democracy are undermined
  • When the wealth of a society gets sufficiently unbalanced it ceases to valuable since there are no people with the resources to purchase it. During the French revolution most of the furniture in the estates was looted and much of it was used for firewood. It had no value in a peasant's home. It didn't fit, wasn't practical, and the decorative detail was useless.
  • So any plan that is going to shift the balance of wealth has to deal with issues of extracting real value from the accumulations of the wealthy without causing a drop in the marketability of the assets.
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  • Can wealth redistribution take place in the US? The least disruptive approach would be changing the tax code to be more progressive. This could be modifications to the income tax, the restructuring (not elimination) of the estate tax, and imposition of either wealth taxes or consumption taxes. The wealthy can be expected to object to all of these changes. In addition they have the political and economic clout to promote their self interests. A concerted effort by the people can succeed. Recent examples in countries like the Phillipines and Poland show the power the people can have when they join peacefully for a change in the organization of society.
  • Only the rich can create economic growth In the US this is contradicted by the history of our country. All the great industries of the 19th and 20th Centuries were created by individuals with no prior wealth. Andrew Carnegie, Henry Ford, Bill Gates, etc. started with essentially nothing and built huge enterprises. On the other hand the children of these entrepreneurs have not been especially noted for doing anything notable. Andrew Carnegie felt so strongly that each generation should make its own way that he left the bulk of his estate to charity. His children had to make their own way. The secret of a successful entrepreneur is his ability to raise capital to expand his enterprise. This is obtained from banks and selling stock and not generally from personal wealth. One doesn't need rich people to build a business. The capital of a bank can be $1000 from one hundred people or $100,000 from one person. The amount available to lend is the same. Wealth does not have to be concentrated to be available for investment. In the developed world much of the available capital comes from pension funds and is thus not provided by the wealthy.
  • The only areas which continue the patronage model and are still the domain of the wealthy are opera, classical music and big fine art museum
  • The fairness argument: As all people come into the world equally helpless they should ultimately reach at least approximate equality of condition when they mature. People have an innate sense of what is fair as many psychological experiments have demonstrated. The intrinsic sense of fairness requires basic economic equality.
Jessica Olsen

capitalism Facts, information, pictures | Encyclopedia.com articles about capitalism - 0 views

  • Yet capitalism cannot function if violence is too great or if it is continuous.
  • There must be substantial pauses between wars and revolutions. Government must be able to prevent mob violence. The typical entrepreneur of early capitalism, unlike the feudal lord, was unwarlike by temperament and motivated by the search for profit. Bourgeois civilization, compared with the forms of social organization that preceded it or with the totalitarian forms that now compete with it, has remained inherently peaceable, rationalistic, and materialistic.
  • The enforcement of commercial contracts by the state and the extension and protection of property rights—all essential to the development of capitalism—required a strong government. The process of saving, investment, risk-taking, and profit-making flourished best, however, when the powers of the state were restricted so that their exercise would not be arbitrary
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  • With the coming of the New Deal in the early 1930s, however, it became impossible to maintain the sacrosanct character of private property. A series of decisions by the Supreme Court validating New Deal legislation removed the constitutional barrier to governmental action in the economic field.
  • e series of economic measures of the New Deal, including control of agricultural prices, production, and marketing; the sanctioning and support of collective bargaining; social security legislation; the increase in the progressivity of income taxes; regulation of the security exchanges; increased governmental control over money and banking; the conscious use of deficit financing; the great increase in the proportion of national income flowing through the governmental budget; and the great increase in the proportion of the labor force in governmental employment, meant a significant change in the capitalistic system. The later legislative acceptance, which came about after World War ii, of the responsibility of the federal government to attempt to maintain full employment represented another step in the same direction. All these changes served to differentiate modified capitalism from old-style capitalism. [SeeWelfare state.]
  • "Capitalism." International Encyclopedia of the Social Sciences. 1968. Encyclopedia.com. 11 Jan. 2013 <http://www.encyclopedia.com>.
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