Monday, 18 June 2012

This isn't Capitalism and it never will be

Capitalism is a buzz word... used to portray notions of freedom, liberty and competition. It is a convenient sound bite used by politicians world wide to promote the idea that we live in a capitalist society... which we largely do not. Capitalist elements exist in our society, as do socialist, as do democratic and as do republic. However, our society as a whole is largely not capitalistic but an economic system that is controlled in a bipartisanship between corporation and government.

Although tripartisanship was popular until the 1970s (Until new conservative policies took place and eradicated the worker's union) most of the economy that exists today is the result of interactions between corporations and governments to meet both entities needs. We, the people, are agents in this system that exist to serve the needs of both these entities. We are fed the line that we live in a capitalist society and that the american dream is still alive and well. It's not. As George Carlin said... it's called the American Dream because you need to be asleep to believe it.

In fact, I feel calling it a bipartisanship unfair. It's never even been bipartisan. It's simply the financial sector robbing the world of all it's money, We've legalized bank-robbers but now we call them bankers. Except in this case bank-robbers actually could perform noble tasks such as robbing from the rich to give to the poor. Bankers can do no such thing. Bankers rob from the poor, give to themselves and then blame the poor for being so damn poor. They marginalize all of humanity as incompetent fucks while creating massive unsustainable debt structures that will inevitably crash (And that will largely have their damage socialized).

When the banks fail they insist the problem wasn't the banks but the people. They made the loans but claim that we are the ones who shouldn't have taken them. They claim this while receiving cuts from income taxes, destroying social safety nets and turning basic commodities into assets. They claim that while they rob the 99%'s money such that the 99% turns to them for credit to maintain their standard of living that the 99% are the ones being irresponsible, not the banks themselves.

As Keynes said (And as late 19th Century economists realized) it is the rent seekers that are the most harmful to the economy in the long run. In today's society it is the rent seekers that rule and it is the rent seekers that will continue to loot the failing system and wait fervently for the coming collapse... so the next wave of looting can begin. This isn't capitalism... this is a modernized form of feudalism. We just have the notion of democracy and capitalism to help us ignore the harsh reality the 99% must face.

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