How Extreme Capitalism Works.

How Extreme Capitalism Works.

…taken over by the Extreme Capitalists.

The Racial Wealth Gap.

High-risk Subprime Loans. September 18, 2008.

2008, stock market breakdown.

CNN: “The worst financial crisis since World War II”.  It was the biggest financial crises ever to occur in the USA: economic melt down of the American System.  See: “The racial Wealth Gap”, Netflix,  at 11:07 minutes of duration in Session 1. On irresponsible home mortgages lending (at 5:36:37p on Jul 14, 2008, NBC).

In this heist made by the richest people, black communities lost 53% of their wealth …and white communities lost 16% of their wealth.  Notice the difference.  Even in an economic melt down the richest one is protected due to the environment they create withing the socio-economy created in a system of Extreme Capitalism.

The Extreme Capitalists got most of the money given by the USA government to address the crisis: 440 billion of dollars, most home owner didn’t receive all the money, but them: mega-big corporations did; the sane as it had been done in tax cuts in 2017 in the government of Donald J. Trump that gave a 20% discount in the amount of money tax payers had to handle back to the IRS of the USA, they all got the big cut or discount of benefit.  Always, it seems, Extreme Capitalist gets all the money and middle and lower class get scraps.  Further on, the government on 2018 gave 20 billion dollars to the super-rich people, still more money.

See in Netflix in “The Racial Wealth Gap”, S1: E1, Explained.


To be continued.