On “It’s Our Money”: Prof. John McMurtry Discusses “The Cancer Stage of Capitalism” and Why the Establishment Hates Trump

Ellen’s noted guest Dr. John McMurtry describes capitalism as being in a cancerous stage in which it’s being devoured from within by metastasizing greed and self-interest. He also talks about why the establishment hates Donald Trump. Matt Stannard looks at how the banking cancer has affected Jefferson County, AL, which declared bankruptcy after buying into toxic interest rates swaps from Wall Street salesmen. The antidote: public banks! Show archived here.

2 Responses

  1. How can capitalism possibly be cancerous when we don’t actually have capitalism. Capitalism in the true market sense is associated with de-centralized banking.

  2. ELLEN BROWN;WHAT TODAYS TOPIC OF THE ALABAMA CO AND WHAT WALL STREET DID IS NOT NEW. BACK IN THE LATE 80S EARLY 90S I WORKED FOR SEARS ROEBUCK AND WAS A PROFIT SHARE INVESTER. FOR ABOUT 10 YRS SEARS STOCK STOOD AT BETWEEN 18.00 AND 23.00 A SHARE. AND THE REASON!!! SEARS WOULD NOT GUT THE COMPANY AND USE THE FUNDS TO GIVE HUGE DIVIDENDS TO SHARE HOLDERS SO J P MORGAN AND GOLDMAN SACHS TOGETHER USE THE CALIFORNIA PENSION FUND CALLED “”CALPERS”” TO FORCE SEARS TO DO WHAT THESE CRIMINALS WANTED .HOW DID THEY DO THAT??THEY SOLD THE CALPERS FUND HUGE POSITIONS IN SEARS WITH THE HUSTLE THAT IF THEY WOULD USE THEIR SHARES AS A WEAPON TO MAKE SEARS RAISE MORE PROFITS THEIR STOCK WOULD SOAR .IN FACT THEY DID WHAT THESE CRIMINALS WANTED AND SEARS CAPITULATED IN OCT OF 1992 WHEN A= ARTHUR MARINEZ WAS MADE PRESIDENT OF SEARS ON THE ORDERS OF JP MORAGN .HE CAME IN AND IN 6MO FIRED 50,000 PEOPLE AND CLOSED THE CATALOG.HE WENT ON DOING THIS UNTIL HE RID THE CORP OF 375,OOO EMPLOYEES.AND DROVE UP THE STOCK BY ALSO SELLING OF THE HUGE NO OF SATELITE CORP AND REAL ESTATE SEARS OWNED IN TOTAL OVER 250 BILLION DOLLARS WENT INTO PRIVATE HANDS.ALLSTATE INS ALSO WAS SOLD .MARTINEZ WAS PAID $5M SIGNING BONUS$3M A YR AND 630,000 SHARES OF STOCK OPTIONS FOR $2.00 A SHARE. AND AFTER THE MASACRE THE SHARE PRICE IN TOTAL AFTER SPLITS REDUCTIONS IN CASH ETC.WAS OVER $500.00 THIS AND MANY OTHER REASON D SEARS IS IN THE SHIT HEAP NOW.EDDIE LAMERT IS THE SAME PIECE OF SHIT AS ALL THE OTHER WALL STREET CRIMINALS.SIC SEMPRE TYRANNUS!!!!R A FEIBEL

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