Trump’s Fed Nominee Isn’t a ‘Big Believer in Democracy’ “Capitalism is a lot more important than democracy,” Stephen Moore said in a documentary
S E E D E D C O N T E N T
Stephen Moore , President Donald Turmp’s nominee to head up the Federal Reserve, is coming under scrutiny for controversial comments he made about democracy and capitalism in a documentary.
Moore has previously said he would get rid of numerous government agencies, including: the Departments of Labor, Energy and Commerce, as well as the IRS and the Consumer Finance Protection Bureau. He has also suggested that the Department of Housing and Urban Development and the Department of Education are also unnecessary. And, he’s opposed to a federal minimum wage and federal income tax.
The recently-surfaced comments from Moore about democracy come from a 2009 documentary, Capitalism: A Love Story, by Michael Moore (no relation). At the time, Stephen Moore was a Wall Street Journal columnist and editorial board member.
“Capitalism is a lot more important than democracy,” Moore said in the documentary. “I’m not even a big believer in democracy. I always say that democracy can be two wolves and a sheep deciding on what to have for dinner. Look, I’m in favor of people having the right to vote and things like that. But there are a lot of countries that have the right to vote that are still poor. Democracy doesn’t always lead to a good economy or even a good political system.”
But, isn’t “two wolves and a sheep deciding on what to have for dinner” essentially how our economy works now? The wolves are in the White House and they are deciding how much the American working class (aka the sheep) will get.
And, as CNN’s KFile points out, Moore espoused his anti-democratic views elsewhere, saying on the Thom Hartmann Show in 2010 that Hitler was elected in a democracy and that Saudi Arabia would not be successful with a democracy. And when he was asked whether capitalism or democracy was more important, Moore said, “I think capitalism, without free market capitalism, countries don’t get rich. And so I would rather have a country that’s based on, you know, a free enterprise system of property rights and free exchange of free trade of low tax rates.”
So as long as people are “free” to make as much money as they can, let’s throw away civil rights and democracy in favor of the almighty dollar. Sounds like a true, Trumpian nominee.
This lackey's nomination is another low point in the Trump presidency*.
Moore is a hack. No serious economist gives him any credit at all.
Therefore he is ideally qualified to be a Trump nominee to the Fed.....
Isn't capitalism without democracy fascism?
That's seems like a pretty good definition.
For the illiterate. Sure
I think it's corporatism
another fable
Make a list of German corporations, before the dot-com period. Look at their activity during the Nazi era. Mercedes, Audi, Volkswagen, BASF, Bayer, Krups, Messerschmitt, ...
Capitalism gets along very well with fascism. There's no need for even a pretence of human rights.
Hitler used socialism to facilitate fascism. History helps context. It would also help those conservatives who want to equate nationalism with patriotism.
Some will never understand the difference.
He will either get fired or quit before trumps term is up anyway.
Look here. Moore being placed into The Fed? Really?
For conservatism he is perfect. Except neither he nor they will honestly admit that capitalism is the new 'cino'. Seeing as how capitalism is dead--murdered by Supply Side Economics.
Moore is not a serious pick. Aren't there any Big R Republicans left in America?
Steven Moore is a joke and not to be taken seriously. Moore is unacceptable...
A joke? Really?
"I'm like a really smart guy," DJT. There it is. There you have it.
Could you imagine nominating someone like Herman Cain to go along with Moore on the Fed...Wait, what Trump did.
capitalism has brought more people out of poverty than any other economic system out there.
although not an economic system, democracy still cant make that claim either.
it is capitalism which is the defining + factor above, democracy is just the common factor. that gives people the power to make good choices like capitalism, or bad choices, like socialism
[delete]
deleted for context, by charger383
Again please try to provide some factual linkls
I am the source.
and all of history backs me up on this one.
so, it is you who will need links to back your arguments against.
or just call me stupid and move along...
matters not which you choose.
cheers
Ok, so the guy that gets picked for The Fed doesn't like democracy. Got it.
But his compadres better watch their backs (Dr Carson, Betsy DeVos)
And if he hates democracy so much, why not dissolve The Fed, too? I thought conservatives didn't like the Federal Reserve?
trump continually puts people in positions that have been on record as wanting these agencies terminated.
This guy sounds like a Libertarian wet dream.
Of course he want the consumer protection bureau dissolved. As long as the wealthy can keep amassing money and screw over the little guy.
No federal income tax? One good thing from that is we wouldn't have to pay our fat cat officials.
What is ironic is that the right continually says the left wants to transform the US yet they continually back people that have been on record wanting to do just that.
I bet that makes you angry.
I bet you drink it all
Angry? No. Then again, I am not from the party that lives in fear of the evil socialist boogie man that seems to lurk around every corner.
I see that there is a disagreement on Republic v Democracy .. this is the differences as describe by a professor I had 30ish years ago ..
The United States is a Constitutional Republic and functions as a republic, by recognizing individuals rights (each individual has a voice) .. however, there are those that desire to replace the rights of the individual with the 'rule of the majority' .. these are the ones calling the United States a Democracy, desiring to ensure the individuals in the minority have neither the voice, nor the rights to refuse the majority ruling …
Doing away with the electoral college is an example of eliminating the minority voice, thus allowing the 'majority' to make the decisions .. eventually leading to dictatorial rule (?) ..
In a Republic the individual has god given rights of freedom, life and liberty, as written in the Preamble to the Constitution … a democracy has only government granted 'civil rights' .. so yes, the United States has both, the Republic through common law and the Democracy through statutory law.. but the individual is represented by a Republic .. not a Democracy.
...
Here's to hoping that the United States remains a Republic so the minority's voices will still be heard in this great Nation... not drummed out by majority rule...
Oh, crap. I referenced your comment in another seed.
I really need a vacation
Time for a road trip? : )
LOL! Yes! And now I'm back.
What school?
It needs to lose its accreditation.
that was uncalled for, Bob
boy, we really want to milktoast all the comments here don't we?
I think she was joking, John.
HA! .. such wisdom coming from the individual that says the United States functions as a Democracy ….
No, I wasn't
You, and a lot of these other comments are going much too far into the weeds to try and pull Moore out of the fire.
Moore's point is not that the US is a republic, it is that capitalism is more important than what the "people" may want. In other words if in a democratic vote the public decided that it wanted to change, remodel , or end capitalism, to Moore that would be the horror of horrors. To him capitalism is more important than the right of the public to choose their political and economic systems.
If we had a king (say, Trump) to Moore that would be fine as long as capitalism is not touched.
I am not making any attempt to 'pull Moore out of the weeds' …… I simply stated that the US is not a democracy .. and does not function as one because the majority does not rule. But you and those others that comment claiming the US is a Democracy need some help with understanding definitions - just cause one repeats Democracy enough times .. does not make it true..
A monarch.... you mean like the English, Scots, Welsh, Spanish, Danes, Swedes, Dutch, Norwegians and Belgians have?
Moore has previously said he would get rid of numerous government agencies, including: the Departments of Labor, Energy and Commerce, as well as the IRS and the Consumer Finance Protection Bureau.
Well at least he can remember which departments he would like to get rid of, that's a step up from Rick Perry. They must be accessing the GOP brain trust.