/lit/ - Literature

>>3265231
>http://www.workers.org/2008/us/socialism/
>Trillions of dollars in retirement funds have been wiped out in the stock market in the last few months.

As opposed to all the people "paying into"(read: having their money seized by force) in social security that is now bankrupt?

>Over 10,000 households a day are being foreclosed, and evictions are rampant.

Yes, that's what happens when you force banks via regulations to loan to people who would normally not be able to afford such loans. You inflate the housing bubble until it gets so big that it pops, and we are faced with an economic crisis.

>Credit card debt is at a record high.

People getting free money via credit cards and now they are victims when they have to pay it back? This article is a joke.

>It brushes aside trillions of dollars in bailouts for the banks and keeps going.
>implying I support bailouts
>implying they would exist in a free market

>The lower their wages are, the higher the bosses’ profits. Profits consist of unpaid labor. The bosses take the products, services and infrastructure created by the workers, sell them on the market, pay the workers as little as possible and keep the rest. Every capitalist tries to lower wages to gain higher profits.

Yes, but because the "capitalists" have to compete for workers, the prices naturally go up. 96% of people make above minimum wage, this is because competition make wages rise. If what this author was even remotely correct, everyone would be making minimum wage.

>>3095315