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Billionaires Want to End Capitalism As We Know It (Richard Branson's new non-profit)
NewsBusters ^ | June 17, 2013 | Mike Ciandella

Posted on 06/18/2013 4:33:09 PM PDT by Thoreauaway

Richard Branson, Arianna Huffington and a group of other CEOs and former world leaders have formed a group whose goal is to end capitalism as we know it. The nonprofit, known as “The B Team,” was created to help promote a “better version of capitalism, one that prioritizes people and planet over profit.” This ignores the fact that capitalism is, by definition, motivated by profit.

The team, led by Branson and German businessman Jochen Zeitz, calls for drastic changes in how the economy works. These include “new rules and models for the future of business – not incremental ‘change as usual.’”

It’s no surprise that a group including Arianna Huffington would be promoted by the Huffington Post, but CNBC Europe also interviewed Branson and Zeitz on June 13 and had only good things to say about their project. In the “Closing Bell” interview, Branson said that part of the motivation for businesses to follow the goals laid out by The B Team would come from being viewed better by their employees. Businesses should “not just think about this quarters profit but also think, you know, ‘what are we doing to try to tackle our environmental issues, how can we do it better,’” Branson said.

According to The B Team’s mission statement: “Plan A - where companies have been driven by the profit motive alone – is no longer acceptable.” According to Branson, the group will work with “government agencies, the social sector and business leaders” in order to achieve their goals. Branson and Zeitz launched the group on Oct. 3, 2012.

The group is also heavily influenced by The Elders, a group of former global leaders that focuses on world peace. This group includes former U.S. president Jimmy Carter, and former Secretary-General of the UN Kofi Annan.

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy
KEYWORDS: animalfarm; billiondollarmarxist; capitalism; communists; criminalconspiracy; elites; ivorytower; liberalism; orwellainnightmare; politburo
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1 posted on 06/18/2013 4:33:09 PM PDT by Thoreauaway
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To: Thoreauaway
The nonprofit, known as “The B Team,” was created to help promote a “better version of capitalism, one that prioritizes people and planet over profit.”

TRANSLATION: "We got ours. Screw you."

2 posted on 06/18/2013 4:35:36 PM PDT by E. Pluribus Unum (People with religious faith in government are far crazier than people with religious faith in God.)
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To: Thoreauaway

One thing collectivists don’t like is competition!


3 posted on 06/18/2013 4:35:39 PM PDT by Jack Hydrazine (I’m not a Republican, I'm a Conservative! Pubbies haven't been conservative since before T.R.)
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To: Thoreauaway

The ruling class has been set as they see it. Time to shut the door on any of those little people with big dreams out there.


4 posted on 06/18/2013 4:36:13 PM PDT by barmag25
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To: Thoreauaway

A good many millionaires and billionaires aren’t free marketeers. They see socialism as a means of eliminating competition and guaranteeing themselves taxpayer funded business.


5 posted on 06/18/2013 4:37:00 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Thoreauaway
“The B Team,” was created to help promote a “better version of capitalism, one that prioritizes people and planet over profit.”

Pull the ladder up capitalism.

6 posted on 06/18/2013 4:37:29 PM PDT by vbmoneyspender
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To: E. Pluribus Unum
With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
--Milton Friedman

7 posted on 06/18/2013 4:37:35 PM PDT by 1rudeboy
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To: Thoreauaway

I don’t want the uber rich, crazy sods making decisions for me.

I would never want to be super rich, they turn controlling and crazy as a chit house rat.


8 posted on 06/18/2013 4:38:40 PM PDT by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
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To: Thoreauaway

In a nutshell...here is how the liberal mind works.

Ban it, but not until I’ve got mine.


9 posted on 06/18/2013 4:38:48 PM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: Thoreauaway

If they didn’t see a profit and monopoly in it, they wouldn’t be spreading this leftist manure. Behind every Democrat idea, there is a lie waiting to screw someone over.


10 posted on 06/18/2013 4:39:45 PM PDT by pallis
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To: Thoreauaway

11 posted on 06/18/2013 4:40:18 PM PDT by GrandJediMasterYoda (Someday our schools will teach the difference between "lose" and "loose")
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To: E. Pluribus Unum

>> TRANSLATION: “We got ours. Screw you.”

Yeah, basically.

Once you have everything money can buy, what else IS there but gaining power to keep others down?

Pretty sick, if you ask me.


12 posted on 06/18/2013 4:41:07 PM PDT by Nervous Tick (Without GOD, men get what they deserve.)
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To: Thoreauaway

So Mr Branson... Is your idea along the lines of the New Mexico Spaceport which is subsidized at tax payer’s expense so wealthy individuals can take a short trip to the edge of space for giggles and kicks?


13 posted on 06/18/2013 4:41:17 PM PDT by Carthego delenda est
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To: Sergio

This is fascism. The big companies in league with the socialists. Complete control of industry and business by govt without govt ownership.
Most of these big billionaires turn out to be real monsters when you examine them closely..they want to kill off the young upstarts.


14 posted on 06/18/2013 4:41:30 PM PDT by Oldexpat
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To: 1rudeboy

The elitists are making their move. They believe they bankrupted the middle class enough where they can no longer increase their wealth enough to be move up the ladder.

The jobs are gone, their profits are up and pretty soon they will have the two class society they always wanted.


15 posted on 06/18/2013 4:41:43 PM PDT by EQAndyBuzz (The reason we own guns is to protect ourselves from those wanting to take our guns from us.)
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To: Irenic
super rich, they turn controlling and crazy as a chit house rat

See Michael Bloomberg.

16 posted on 06/18/2013 4:41:49 PM PDT by rocksblues (The Obama administration the most unlawful, corrupt administration in US history.)
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To: Thoreauaway
I'm sorry, but this story ranks as a DFP...


17 posted on 06/18/2013 4:42:22 PM PDT by GrandJediMasterYoda (Someday our schools will teach the difference between "lose" and "loose")
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To: Thoreauaway

They forgot to add, these ideas do not apply to us.


18 posted on 06/18/2013 4:44:03 PM PDT by RginTN
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To: All

billionaires want an “i got mine” ARISTOCRACY. (remember Branson is English/European and has an infestation of aristocracy inheritance of priviledge)

Those elites who have homes outside the USA have their own private security forces to guard their homes and themselves. (orpah, doomberg, branson, depp, etc...)


19 posted on 06/18/2013 4:44:07 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: cripplecreek

Yep, the very definition of rent-seeking. The usual leftards will buy it, of course, because it SOUNDS fair.


20 posted on 06/18/2013 4:45:26 PM PDT by Amberdawn
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To: Thoreauaway

branson better be careful. huffington turned her last husband into a homosexual.


21 posted on 06/18/2013 4:46:24 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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There is a huge problem with knee jerks on the right who defend huge corporations and the super rich as being “capitalism”, but most of the corporations and super rich don’t and don’t want to practice “capitalism”.

We are in a borg state of Corporate Government where the SOME of the ideas of BOTH the left and right are used to protect that synergistic structure.

Most of what occurs in politics is simply kabuki theater observed and prodded by the think tanks, corporations and foundations. The future is usually found buried in white papers no one ever reads...and when they are brought forth, the person is called a “kook”...and then ten years later....


22 posted on 06/18/2013 4:46:47 PM PDT by Crimson Elephant
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To: Thoreauaway

There’s nothing the globalists would like more than to turn multinational corporations into the new plantation/manor and the rest of you yutzes get to be the vassals and serfs.


23 posted on 06/18/2013 4:47:13 PM PDT by Sirius Lee (All that is required for evil to advance is for government to do "something")
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To: Thoreauaway
"Capitalism" is a term invented by Engels (and used wholeheartedly by Marx) to denigrate the idea of free markets and free production and sale of goods and services by free men and women.

In other word.

Communists don't like the idea that you and I are free...they want us to be subservient to their system.

BTW, there is not a single account in history wherein their system has succeeded in feeding, clothing, and providing the basic human needs for people...but that doesn't stop their acolytes from trying.

Freedom works...communism doesn't

24 posted on 06/18/2013 4:47:24 PM PDT by RoosterRedux (Obama's Chechens are coming home...to roost.)
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To: Thoreauaway

I will support their movement provided all but one million dollars of their personal fortune is taken from them. I mean all property personal, real and things in action taken from them. No exceptions.


25 posted on 06/18/2013 4:48:01 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Thoreauaway
Reorganize the U.S. economy under rules written by Richard Branson, Arianna Huffington, Jimmy Carter, and a group known as “The Elders?” What could possibly go wrong?
26 posted on 06/18/2013 4:49:00 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Thoreauaway
Let's leave the "little people" out of it for a minute. What about all those creature comforts the uber-rich enjoy: their estates, their yachts, their hotel resorts, their Watches and jewelry? What about all the delicious components that go into fine cuisines? What about advances in technology that give them world-class healthcare? What makes any of the rich believe that any of that will still exist, without capitalism? What makes them believe that any of that will still be around for their consumption? Do they think they'll be able to keep craftsmen in chains, and still get the same results?

Capitalism lifts everyone up, even the rich.

27 posted on 06/18/2013 4:50:48 PM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: EQAndyBuzz

The elitists are making their move. They believe they bankrupted the middle class enough where they can no longer increase their wealth enough to be move up the ladder.

The jobs are gone, their profits are up and pretty soon they will have the two class society they always wanted.

Now is the time to bust them up and imprison all these anti Americans. Our forefathers were men enough to send their kind packing for Canada in the middle of the night. Once the system becomes rigged against liberty you can no longer work within it.


28 posted on 06/18/2013 4:50:58 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: 1rudeboy

I’ve come to hate the term “capitalism” anyway. I prefer the term “Free Market” as a means of reminding people of how things are supposed to be.

In fact I’ve become a free market extremist who stands only slightly to this side of a full black marketeer. I believe a business should have the right to refuse service to anyone for any reason short of life saving service. If a klansman wants to open a white’s only restaurant, more power to him. It just provides an opportunity for a black panthers owned restaurant. Both of them will still leave room for a restaurant that will serve anyone.

The free market should be all about opportunity.


29 posted on 06/18/2013 4:51:12 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Carthego delenda est

So Mr Branson... Is your idea along the lines of the New Mexico Spaceport which is subsidized at tax payer’s expense so wealthy individuals can take a short trip to the edge of space for giggles and kicks?


Yep!


30 posted on 06/18/2013 4:52:03 PM PDT by laplata (Liberals don't get it. Their minds have been stolen.)
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To: rocksblues

Exactly.

You know what make a great reality show and I hate reality TV—send all the insanely rich folk off to a very large island or small country to live.

They could only play director over each others lives, THAT would be hysterical to watch. :p


31 posted on 06/18/2013 4:53:03 PM PDT by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
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To: Thoreauaway
Marxists see the profit motive differently than free men. They see individual profit (however meager they might be) as beyond their control. It is the freedom of the human spirit they hate and want to abolish.

They demonstrate their hatred for profit by pointing to its excess by a few.

They never mention that it is nothing more than a wage on effort or invested assets.

Marxists hate freedom and will paint all elements of free men and women as evil.

If you are not a slave to the state...you are the enemy.

And to think of the war(s) fought and the lives lost so that men might be free.

And black men and women are at the forefront of the Marxist effort to enslave us all again.

What gives?

32 posted on 06/18/2013 4:53:27 PM PDT by RoosterRedux (Obama's Chechens are coming home...to roost.)
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To: Thoreauaway
We can start by seizing all but $500,000(US) of their assets and all but $75,000(US) of their gross annual income for the rest of their filthy lives.
33 posted on 06/18/2013 4:53:37 PM PDT by Gay State Conservative (The Civil Servants Are No Longer Servants...Or Civil.)
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To: Thoreauaway

Hey Mr. Branson, in light of your new vision of capitalism, how about a free ride on Virgin Galactic?

After all, I could help you reduce your profit that way!


34 posted on 06/18/2013 4:55:18 PM PDT by BwanaNdege ("To learn who rules over you simply find out who you are not allowed to criticize"- Voltaire)
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To: Gay State Conservative

We can start by seizing all but $500,000(US) of their assets and all but $75,000(US) of their gross annual income for the rest of their filthy lives.


You are too generous.


35 posted on 06/18/2013 4:56:19 PM PDT by laplata (Liberals don't get it. Their minds have been stolen.)
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To: cripplecreek
Capitalism is a term invented by Friedrich Engels to besmirch the free trade between free men.

But since it has taken on a meaning of its own...no problem in using it.

36 posted on 06/18/2013 4:57:00 PM PDT by RoosterRedux (Obama's Chechens are coming home...to roost.)
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To: Thoreauaway
Sigh! Capitalism is nothing more than starting a new economic entity using the surplus - profits - made from another. The money used to do so is "capital". You are perfectly free to prioritize your revenue however you like; however, if there is no profit, there will be no capital and hence no capitalism.

It is not accurate to say that a company's only motivation is profit. It is not virtuous to run a company that ignores profit. And I will point out that nearly everything considered non-profit, i.e. improvements in working conditions, benefits, salary, vacation, is put in place with an eye to efficient production, of attracting and maintaining the most productive workers, of empowering them to use their own human creativity to improve the product; in short, absolutely none of it is divorced from profit. Profit creates wealth, and it's the only thing that does.

37 posted on 06/18/2013 4:57:39 PM PDT by Billthedrill
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To: E. Pluribus Unum

This is a recipe for slavery and people democratic based politics, instead of industrial skills and technology based republic. Take profit away and the latter priority dies in significance and slavery labor people based economy remains.

Just an example of how service economy drives it to sales, prostitutives and slavery behind well meanings that have double meanings.


38 posted on 06/18/2013 4:58:06 PM PDT by lavaroise
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To: Thoreauaway
 photo nonprofits_zps8d24823e.jpg
39 posted on 06/18/2013 5:01:01 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
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To: Thoreauaway

I have no problem with this if it is not enforced by the government. Any businesses that participate will be promptly out-competed by those who don’t.


40 posted on 06/18/2013 5:03:00 PM PDT by Sherman Logan
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To: Thoreauaway

They have no interest in economic freedom. Hell, some shopkeeper in Singapore might rise up to challenge the ruling class. Best to wipe them out so the third world doesn’t develop and harm the environment.


41 posted on 06/18/2013 5:03:49 PM PDT by JimSEA
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To: Jack Hydrazine

OLIGARCHY: See how it’s working in Russia.


42 posted on 06/18/2013 5:04:41 PM PDT by SC_Pete
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To: cripplecreek

Yes, and a lot of them have gained advantage by manipulating the tax code. At our expense, of course.


43 posted on 06/18/2013 5:05:55 PM PDT by SC_Pete
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To: JimSEA

I think of the smoking ban in Michigan bars. The casinos lobbied for the law but made sure there was a loophole to exempt themselves.

In a free market world, no such law could have even been considered. There was no law against smoke free bars and restaurants so they should have been sprouting up all over the place without a law.


44 posted on 06/18/2013 5:09:57 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Thoreauaway

Ayn Rand’s prescription left much to be desired, but her diagnose was spot on.


45 posted on 06/18/2013 5:12:46 PM PDT by Red Dog #1
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To: Thoreauaway

Eliminate the competition, oh yeah!! and have the liberals do it for them.


46 posted on 06/18/2013 5:13:45 PM PDT by Fred (http://arkancide.com)
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To: Thoreauaway

all of these people should let the government confiscate their earning under the old, terrible form of capitalism they proered in, so they can start on equal ground with everyone else in their new form of better capitalism.

they like it when government takes money from people, they must love it when governmnent can take most of theirs.


47 posted on 06/18/2013 5:13:54 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Secret Agent Man

prospered

damn tablet


48 posted on 06/18/2013 5:19:11 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: cripplecreek

So Many of the health and safety regulation are prompted by isolated instances but have, as their real purpose, pricing potential competitors out of the market. Chain restaurants are winning against Mom & Pop because they Mom can’t afford to compete. If she struggles ahead, they’ll buy her out and put a franchisee in her place.


49 posted on 06/18/2013 5:22:04 PM PDT by JimSEA
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To: Thoreauaway

We have ours, now we wish to institutionalize the relationship so we no longer have to defend it.


50 posted on 06/18/2013 5:29:15 PM PDT by arthurus (Read Hazlitt's Economiws In One Lesson ONLINE http://steshaw.org/econohttp://www.fee.org/library/det)
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