by Jeff Berwick, Dollar Vigilante:
This week I saw someone post a quote: “When the rich steal from the poor, it’s called capitalism; when the poor steal from the rich it’s called violence.”
That’s not quite right, I thought. So I counter that when the rich steal from the poor it’s actually called central banking. When the poor steal from the rich it’s called voting.
This made me recall my last days in New York several years ago. I had a loose group of barfly acquaintances and a few of them were an especially obnoxious brand of socialist. During one conversation about the ills of the world, one of these acquaintances just kept labeling everything he didn’t like as “capitalism”.
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