Skip to main content

View Diary: Amoral capitalism and Romney (79 comments)

Comment Preferences

  •  Life in a banana republic (3+ / 0-)
    Recommended by:
    Shockwave, DBunn, jessical

    The definition of banana republic is a bit disconcerting:

    "A banana republic is a country operated as a commercial enterprise for private profit, effected by the collusion between the State and favoured monopolies, whereby the profits derived from private exploitation of public lands is private property, and the debts incurred are public responsibility. Such an imbalanced economy reduces the national currency to devalued paper-money, hence, the country is ineligible for international development-credit, and remains limited by the uneven economic development of town and country.
    Kleptocracy, government by thieves, features influential government employees exploiting their posts for personal gain (embezzlement, fraud, bribery, etc.), with the resultant government budget deficit repaid by the native working people who earn money, rather than make money. Because of foreign (corporate) manipulation, the kleptocratic government is unaccountable to its nation, the country's private sector–public sector corruption operates the banana republic, thus, the national legislature usually are for sale, and function mostly as ceremonial government.
    "
     We seem to be spiraling into that abyss.  Sadly.

Subscribe or Donate to support Daily Kos.

  • Recommended (145)
  • Community (63)
  • Environment (42)
  • 2016 (42)
  • Republicans (37)
  • Elections (34)
  • Culture (34)
  • Bernie Sanders (33)
  • Memorial Day (31)
  • Media (26)
  • Climate Change (25)
  • Labor (25)
  • Education (24)
  • Hillary Clinton (24)
  • Trans-Pacific Partnership (23)
  • Barack Obama (23)
  • Spam (23)
  • Civil Rights (23)
  • GOP (22)
  • Science (20)
  • Click here for the mobile view of the site