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A paradigm shift about to occur where capitalism becomes OBSOLETE

 
Phoenix
User ID: 17497221
United States
08/10/2012 07:31 PM
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A paradigm shift about to occur where capitalism becomes OBSOLETE
The death of communism had the unintended consequence of delivering a fatal blow to capitalism. Flushed with triumphalism, the leading capitalists bullied and manipulated the governments into removing all brakes from the capitalist greed machine. Capitalism went out of control and in 2008 the Western banking system was technically insolvent i.e. capitalism had died on the operating table, but no one was willing to "call it" and pronounce the time of death. Instead, the capitalists did the most outrageous and hypocritical thing imaginable: they invoked socialism to save them. In effect, private businesses transferred all of their debts to the State, but without transferring any control. It was the WORST POSSIBLE OUTCOME for the people. They got all the debts dumped on them, with no formal ownership or control over anything. Why did the people get the debts but not the profits? "No taxation without representation!" the American Revolutionaries declared in the War of Independence. Yet now the American people have been swamped by enormous debt and taxation and they don't have a single representative on the boards of any of the private institutions that needed to be bailed out. Is that not INSANE? The Americans have been betrayed by their leaders. They now have the constitutional right to remove the government from office, just as they had the right to remove the rule of the British Empire. It's time for the American people to act.

The world has allowed the mad ideology of "free markets" to dominate economics. What is the aim of ALL of the participants in these free markets? TO MAKE MONEY! Generating profit is their sole preoccupation. A market does not care about reason, education, knowledge, quality, goodness, morality, virtue, moderation, caution, stability or any of the other qualities that we would expect to be exhibited by a benevolent government. It's asking for disaster to harness government to an inherently unstable and irrational greed machine.

There's a place for free markets but only with a carefully defined framework. The markets have to be subservient to government, not government to markets. We now know for a fact where free market economics leads us - CATASTROPHE. Free market economics is now as dead as communism.

Just as every individual is free to do whatever they like within the LAW in order to ensure social stability, markets should be allowed to operate freely within the legal framework that is imposed on them to ensure economic stability. The stability of the market is the main point, not its freedom, because unfettered freedom will sooner or later generate a catastrophe.

It always comes back to the same issue - who's in charge? Should elected governments run a country, or private, unaccountable individuals in charge of banks and corporations? Should markets devoted solely to profit-making (usually resulting in astonishing and deranged risk-taking and corporate immorality) be the economic engine of a nation rather than rational policies dedicated to stable growth and the improvement of the nation and its people? Isn't it time the people were in charge rather than the rich?

All instabilities will now be massively and instantly magnified by the internet and global computer systems. Stock markets in every part of the world have effectively merged to create a single global stock market. All markets tend to go up or down at the same time because they are all reacting to each other. Any local rumour can become a global rumour in an instant. There are no firewalls separating systems any longer. In ships, to prevent them from sinking, it's essential to have separate compartments in the hull. A breach to one compartment can result in localised flooding, but the ship continues safely on its way because all of the other compartments are unaffected. In the new global paradigm, we've lost all the safety compartments and firewalls. The situation is RADICALLY UNSTABLE. Any event can sink the ship or burn down the whole building. It's absolutely no coincidence that financial turmoil and excessive greed have reached unprecedented levels in the last twenty years. The scale of the gap between rich and poor that has appeared within this timescale is simply breathtaking. The number of major financial crashes that have occurred around the world in the last twenty years is without precedent. Yet no one in power has any idea of what's really going on. They haven't understood that we are perched over financial apocalypse because there are no safety mechanisms built into the global financial system. It's like a nuclear reactor without a single control rod to moderate the chain reaction. And what happens to an uncontrolled nuclear process? - it explodes catastrophically. It's a BOMB.

We are so close to Armageddon that it's simply terrifying. And what's even more terrifying is that the people charged with running the world are patently clueless about what's really going on. They are driven by the markets and the markets are the detonator for the biggest financial explosion of all time. But who will challenge the markets? Who will face down the rich? Who will build firewalls, watertight safety bulkheads and insert sufficient control rods in the financial reactors? Well, NO ONE AT ALL.

We're on a runaway train and we're rapidly running out of track. The buffers are now right ahead of us. Be in no doubt at all, the final dialectical crisis is almost upon us. It cannot be avoided. The current system will definitely fail. It cannot save itself because it doesn't know how to. It doesn't understand itself. It will perish through ignorance. In the end, stupidity is a terminal condition.

The real issue is what is to be done when the shitstorm arrives. Who will pick up the pieces? To whom will the world turn? If the world were sane, it would of course turn to its sanest, most rational, most talented people, but, as we know all too well, the world is neither sane nor rational and anything could happen. We could get Fascist "strong man" dictators, or religious Messiahs. Fundamentalist Islam could sweep the world. All manner of nightmares are possible.

That's why it's critical for all sensible people to be ready to speak with a single voice and promote a single clear agenda.

"You will never get the crowd to cry Hosanna until you ride into town on an ass." ~ Nietzsche
Life and Love

User ID: 18613580
United States
08/10/2012 07:37 PM
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Re: A paradigm shift about to occur where capitalism becomes OBSOLETE
"You will never get the crowd to cry Hosanna until you ride into town on an ass." ~ Nietzsche
 Quoting: Phoenix 17497221


And if so just a few days later they will cry, "Crucify him!"
We become like that to which we are devoted. - Choose wisely.
Anonymous Coward
User ID: 21695442
United States
08/10/2012 08:45 PM
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Re: A paradigm shift about to occur where capitalism becomes OBSOLETE
well said.
As one of the few intelligent human beings left on earth I commend you for stating the obvious which the sheeple never seem to see.

All my life i've looked around at the sheer stupidity of people and thought, how have they managed not to drown themselves staring up at rainstorms. Truly natural selection has failed to cull the idiots from humanity and those idiots are breeding and gaining positions of power through nepotism and the inherited wealth of their ancestors.
Anonymous Coward
User ID: 20793638
United States
08/10/2012 09:31 PM
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Re: A paradigm shift about to occur where capitalism becomes OBSOLETE
well said.
As one of the few intelligent human beings left on earth I commend you for stating the obvious which the sheeple never seem to see.

All my life i've looked around at the sheer stupidity of people and thought, how have they managed not to drown themselves staring up at rainstorms. Truly natural selection has failed to cull the idiots from humanity and those idiots are breeding and gaining positions of power through nepotism and the inherited wealth of their ancestors.
 Quoting: Anonymous Coward 21695442


I feel your pain.

TV brainwashed masses, you know the rest....who are these men?

Great post OP.
x
User ID: 23351795
United States
09/07/2012 01:17 PM
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Re: A paradigm shift about to occur where capitalism becomes OBSOLETE
bump to keep the truth alive...
Anonymous Coward
User ID: 19007365
United States
02/20/2013 05:33 PM
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Re: A paradigm shift about to occur where capitalism becomes OBSOLETE
bump
Anonymous Coward
User ID: 34842097
United Kingdom
02/20/2013 06:34 PM
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Re: A paradigm shift about to occur where capitalism becomes OBSOLETE
we don't live in a capitalist society, if we did, bankrupt companies (banks) would go bankrupt. more akin to fascism, what we have.





GLP