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| Politics Forum Index » Europe Politics Forum » "At this point the capitalist emperor has no... |
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| Dom... |
 Posted: Fri Feb 06, 2009 2:45 pm |
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"Politicians, business leaders and policymakers searched for solutions
at this year's World Economic Forum in Davos.
Meanwhile, different debates were taking place at the "alternative"
World Social Forum in Belem, Brazil.
There, an eclectic mix of some 100,000 campaigners, thinkers, and
working people came to starkly different conclusions about the causes
of the downturn, and how best to address it.
We asked four participants from around the globe to give us their
opinions. ..."
The complete article is at:
http://news.bbc.co.uk/2/hi/business/7874667.stm |
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| Marcus Aurelius... |
| Posted: Mon Feb 09, 2009 1:43 pm |
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The cause of the current economic tragedy that is engulfing the world
community is "monopoly capitalism".
The very informative and educational article described in the original
post alludes to the same.
In "monopoly capitalism", capital is exported from a nation instead of
the products of a nation produced by it's own workers.
What is "capital"? Capital is money, labor, and industry.
"Monopoly capitalism" tends to concentrate both political power and
economic power in a few individuals and entitites.
'Monopoly capitalism" tends to destroy true capitalism which is
defined as possessing "free enterprise" and "competiton".
"Monopoly capitalism" tends to impoverish the general citizenry and
dilute their political power.
"True capitalism" tends to both increase total wealth and distribute
the same more widely amongst the general citizenry.
"True capitalism", also, tends to distbute political power more widely
amongst the general citizenry.
The financial institution "bail outs" not only do not correct the
problems associate with "monopoly capitalism" they, in fact,
institutionalize and support "monopoly capitalism", "monopoly
capitalists", and "monopoly capitalistic" practices with governmental
backing.
Economic theorists assert that "monopoly capitalism" is the last stage
of capitalism before some form of socialism replaces the same.
If the world community is to maintain it's relative high standard of
living and it's relative individual freedom, it must assertively
address the economic and political evils associated with "monopoly
capitalism."
One way of doing the same, in my opinion, is to replace the "winner
take all" form of political electoral representation with some form of
proportional electoral representation. The same would make it much
more difficult for monopoly capitalists to promulgate "monopoly
capitalism". |
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| Dom... |
| Posted: Wed Feb 11, 2009 2:26 pm |
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On Feb 9, 6:43 pm, Marcus Aurelius <alexander... at (no spam) hotmail.com> wrote:
Quote: The cause of the current economic tragedy that is engulfing the world
community is "monopoly capitalism".
[snip]
The power and tentacles of "monopoly capital" are truly staggering.
Paul Kanjorski, a Democratic member of Congress from Pennsylvania,
appeared on C-SPAN's Washington Journal on January 27, 2009
http://www.youtube.com/watch?v=_NMu1mFao3w
and stated:
"On Thursday [September 18, 2008] at about 11 o'clock in the morning
the Federal Reserve noticed a tremendous drawdown of money market
accounts in the United States, to the tune of $550 billion was being
drawn out in a matter of an hour or two. The Treasury opened up its
window to help. It pumped $105 billion in the system and quickly
realized that they could not stem the tide; we were having an
electronic run on the banks. They decided to close the operation,
close down the money accounts and announce a guarantee of $250,000 per
account so there wouldn't be further panic out there. If they had not
done that, their estimation was that by two o'clock that afternoon,
five-and-a-half trillion dollars would have been drawn out of the
money market system of the United States, would have collapsed the
entire economy of the United States, and within 24 hours the world
economy would have collapsed. It would have been the end of our
economic system and our political system as we know it." |
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