[shove_it]

Bernie, we never used to be a "Capitalist Democracy" but we are now that or worse.

Video at the linked article.

[Paladin2]

Wealth inequality or income equality or intellectual inequality?

[Opinionated Blowhard]

I agree with her. I’m not sure what we are anymore. At best, we are a crony capitalist country with a huge Socialist Welfare State grafted onto it which eventually will overwhelm the private sector.

[Mouton]

Yellen said she’d “prefer not to give labels,” but she admitted to being “very concerned about income inequality.”

Income is a means to acquire wealth...wealth is capital. I cannot believe, actually I can given how these people get appointed, the Fed Chairman thinks like this.

[E. Pluribus Unum]

The "billionaire class" can rightfully be called the big-government/big-corporate crony-fascist complex.

Crony-fascists pay government big-wigs to grant them monopolies.

[dirtboy]

Sanders told Yellen, "There comes a point, where the billionaire class has so much political power -- where the Koch brothers are now, because of Citizens United, able to buy and sell politicians -- they have so much political power -- at what point is that reversible?" he asked.

Yeah, let's take the money away from the billionaires and give it to the government. I would feel much safer that way /sarcasm.

Part of the problem is that we are moving more towards fascism - a fusion of government and corporate interests - and oligarchs are a symptom of that, not a cause.

[Ingtar]

Oligarchy with the controllers of the political parties at the top.

[SampleMan]

"Are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire media/political class?"

There is the real question.

[freedumb2003]

>>Yellen said she’d “prefer not to give labels,” but she admitted to being very concerned about income inequality.<<

Me too.

I want to quit working so damn hard and have 1/2 of Bill Gates’ income.

Fair is fair, right?

[factoryrat]

Fascist oligarchy would best describe it. The haves, through government enforced edicts, bought and paid for by lobbyists, will ensure a level playing, field.....

That they own and operate, and they will use the government like a giant flyswatter or pitbull to destroy any competition who get’s in their way.

Don't believe me? See Reid (BLM) vs. Bundy as one of countless examples.

[MUDDOG]

Tastes bad. More filling.

[gdani]

We're not a capitalist country, assuming we ever truly were.

The amount of subsidies, credits, tax breaks, grants, favors & bailouts Big Business cronies get make it impossible to believe this is a free market, capitalist country.

[Usagi_yo]

Why not the obvious — a Plutocracy

[jwalsh07]

And Yellen replied: Pump up the market, ump up the market1

But what about savings rates Ms. Yellen?

And Yellen replied: Pump up the market, pump up the market.

Next.

[mulligan]

Bernie, it is people like you that have created whatever mess we are in and you can define that mess in whatever term suits your feeble mind. Asking that question shows your ignorance.

[Holdem Or Foldem]

“There comes a point, where the billionaire class has so much political power — where the Koch brothers are now,

or better yet

“There comes a point, where the billionaire class has so much political power — where George Soros and Bill Gates are now,

[Buckeye McFrog]

"There comes a point, where the billionaire class has so much political power -- where the Koch brothers are now, because of Citizens United, able to buy and sell politicians -- they have so much political power -- at what point is that reversible?"

uhhh...she's a banker, Bernie. Why don't you just ask her how to refine plutonium or rebuild the tranny on a '67 Dodge?