Program For Economic Stability

                                                                      PROGRAM FOR ECONOMIC STABILITY

                                                           July 26, 2012

             Economic stability can only be accomplished 

                 if there is RELIABLE wealth redistribution               

                                                                                                                                                                         We, as Americans, have been indoctrinated for years with the false teaching that “Wealth Redistribution” is fundamentally evil. The practice of vilifying wealth redistribution permeates almost every aspect of our society….from our schools, and pulpits, to main-stream media; we are taught that the idea of moving wealth from the rich to the poor is bad…..very bad, even immoral. These teachings, when practiced, have a disastrous effect upon the over-all longevity of an economy as they remove the very means necessary for growth. Even if this practice were now to be reversed, there would still exist the need for a profound structural economic change. 

   Economic growth cannot occur if the vast majority of available wealth is Already concentrated and controlled by a small segment of society. In order for the rich or (anyone else) to profit off of society…..society must have in their possession, from the start, some measure of wealth to warrant economic development. To put it in the simplest terms…..Consumers do not exist if, they do not have the means to purchase goods produced by industry. The necessity of this economic fact can readily be seen throughout the world, as we move deeper and deeper into the abyss of economic recession.

   What is needed……is an economic structure that insures that the flow of wealth in society circulates and does not become overly concentrate in the hands of only a few. In order to achieve this, I suggest the following Program be implemented :

(1)                        THE END TO ALL TAXATION : The old and inadequate concepts of taxation  have, long ago, out lived there usefulness. What is needed, is to make government “self-funding” by nationalizing a few segments of the economy, namely; Banking, energy production & utilities and commercial real-estate. This will, in effect, make government a real partner in business and not a merely leach upon the society which it serves.

(2)                        WORKERS PAYED A LIVING WAGE : The minimum wage-rate needs to be set at the real cost of living using a national average of cost.

(3)                        NATIONAL PRICE FREEZE : In order for the economic reforms to be meaningful, there needs to be a price freeze for a limited time. This is necessary so that the buying power of the consumer has a real effect upon his personal wealth….this is one of the main issues that can otherwise deflate an economy.

(4)                        BAN ON ALL CORPORATE LOBBYISTS : Lobbyist should be forbidden from any contact with government officials what so ever.

(5)                        LIMITS ON CAMPAIGN FUNDING : Maximum limit of $1000.oo per person, corporation or group with full discloser, for all government campaigns.

  This program will have an over-all positive effect upon the economy for both labor and capital. While not “all-inclusive”; this is a significant and necessary first step in shifting a portion of wealth toward labor and thus the opportunity to create further economic development where there was before…….no money to do so.        

The Slavery of Liberalism

                                 The Slavery of Liberalism

                                                        July, 15 2012      

   Most people, I think, would say off hand that Conservatism and Liberalism were, in the main, at odds with each other. There is no doubt that the two factions are always at each other’s throat….But they are by far, more closely in step ideologically than they would wish people to believe. While the Conservatives would take the hard-line stance against any governmentally funded social programs; preferring instead, that THE PEOPLE should find relief from the evils of capitalism through the Charity of the wealthy…..Liberals, however, are not so different in this respect, as they themselves are an enemy to Socialism; even though many of them would say otherwise……

  Liberals are a considerable threat to Revolutionary Socialism as they historically seek a compromise between the Conservative political parties and the very real needs of the People, offering The People no real freedom from oppression, but rather, some watered down form of “partial relief” by way of government hand-outs, but never, ever lessening the grip of Capitalism upon the masses, while in turn, placating to the Wealthy and the Corporations. It is in this strategy, that the Liberals find strength and support, not only from the wealthy, but from many of the uneducated poor. To gain a better understanding of the liberal strategy, we have to look no further than Obama Care; known correctly as the Affordable Care Act, (here after ACA) which was passed by the United States Congress and upheld by the United States Supreme Court. It is a first rate example of how Liberals always find a way to intertwine the needs of the people with the oppression offered by capitalist corporations.

    The over-all intent of the (ACA) is to provide health care to those who are in need..….and therefore; it would seem on its surface, to be a real benefit to the citizenry at large. This “Benefit” however comes with a large package of “Corporatism” that is of no benefit to anyone but the wealthy…..because of this fact, the ACA would most assuredly be strongly supported by many of the Conservatives…..were it not for the fact that the ACA is the brain-child of the Liberals.

   Instead of just giving the people the health care that they not only need, but deserve….the ACA is a scheme based upon Corporate Free-Market health insurance and allows for a subsidy to help the poor buy the insurance that they, on their own, could not pay for….the wealth get no such government assistance. It is easy to see that there is a margin of inequality built into the ACA, as well as the classic Liberal connection to corporate wealth. The built-in inequality is necessary to give the illusion that the Liberals care about the poor and the use of Free Market Corporate insurance gives them the financial support that they need from the wealthy. Once again, the poor are strapped to some big-money corporation as a way to supply their needs, in this way………..the Liberals and the Conservatives are much the same.

   This type of Liberal trickery is just as oppressive as any other form of Capitalism and a grave threat to the Socialist Revolution as is drains away,  through coercion, the exploited masses that would otherwise be among the ranks of the Revolutionaries. Obviously, this is not only bad for the revolution but further enslaves the poor. Even though they may not see it as slavery, the ACA requires that people to permanently tie themselves to Capitalism in order to meet their needs in the same way that they are tied to Capitalism for food, shelter and income. 

Death of American Freedom

DEATH OF AMERICAN FREEDOM

July, 16 2012

   For many years, my main focus was making money, I hope that doesn’t sound too cold, but as a very active participant in the American economic system, I understood that making money was the key ingredient for a successful and happy life, and as the main provider for my family it was my duty to make as much money as possible. This unfortunately, is the mind-set of the vast majority of people; not only in this country, but throughout much of the world……………It is also however, the killer of freedom.

  It is not so much the act of making money it’s self that destroys freedom, but rather the push by the very wealthy to control markets; “By any means necessary”. This is not a modern phenomenon. It has long been known that wealth equates to power and historically we can see that over time the Barons of Industry became the world’s modern royalty; withholding for themselves vast amounts of power through their control over governmental affairs. It is my hope that I may demonstrate within this essay some of the mechanisms used by the very rich to control the lives of billions of people throughout the world.

  As I write this, it occurs to me that I could have equally as well given this essay the title “The art of manipulation” for truly this is the principle issue behind the staggering loss of freedom seen in this country. Here are some of the incentives used persuade people to give up freedoms that are otherwise hard-one.

                        ~ FEAR ~

  I think that fear will always be one of the biggest motivators that people will confront throughout their lives. There are some very rapid physiological changes that occur when someone is afraid, all of which are on the opposite side of the spectrum from that warm fuzzy feeling that safety brings. By using fear, the elite are able to mold society and project it’s will upon many people at once.

  Shortly after the 9/11 attacks, the president of the United State G.H.W. Bush, convinced many Americans that the dictator of Iraq was building or had already built, weapons that could be used to attack this country or an ally, we now know that this was in fact not the case. At the time however, people were scared (and angry) and were willing to do what they saw as necessary to regain some measure safety. Thus we now have the Department of Homeland Security and all that it has become. Most of us easily remember the rights and freedoms enjoyed by citizens of this country before the 9/11 attacks and how the Patriot Act changed life for all of us. The most recent quailing of rights comes as the president of the United States now has the power to forego all rights to Due Process and place American citizens in a state of permanent detention without the need for a warrant of any kind, no court date, no hearings, and no habeas corpus. It is now supposed that there is such a risk to the security of this country that it is appropriate to remove the most basic and fundamental right that the United States constitution once offered. Never in the history of this country has the rights of an American citizen moved out from under the protections guaranteed by the constitution.

  This example has little to do with economics, but it is such a good illustration of how a very few people can control the majority, that I could not pass-up the opportunity to use it and put it first in this chapte

  One of the most interesting ways to convince a people to give up freedom is by making “Freedom” seem bad or evil and “Oppression” seem good. In this country, because of many years of manipulation, the concepts of individualism within our society have been replaced by individualism at the expense of society....that is to say, the social order is now ran by totalitarians that trick people into conforming to their wishes by using fear and a very abstract idea of security that is all powerful and, from what I can tell, is close a-kin to Adolf Hitler’s Germany.

   

http://www.socialistalternative.org/news/article10.php?id=1882

Socialist Alternative and Vote Sawant Campaign Condemn Police Repression of Occupy Seattle Activists
Jul 10, 2012  By SocialistAlternative.org
Around 6:00 A.M. on Tuesday, July 10th, a house where local activists from Occupy Seattle and the Red Spark group live was raided by a Seattle Police Department SWAT team. According to reports, police broke through the front door armed with automatic weaponry and used “flashbang” grenades. The police have said they were searching for “Anarchist materials” and clothing allegedly connected to the Seattle May 1st demonstrations. No arrests were made; only clothing was taken from the apartment. This raid is clearly an act of political repression of left-wing activists and an attempt to intimidate people from fighting against the richest 1% and big business. There is absolutely nothing illegal about possessing anarchist or other radical literature. The first amendment of the Washington State and U.S. Constitution protects citizens' legal right to freedom of association and freedom of press. Socialist Alternative and the Vote Sawant campaign stand in solidarity with those affected by today's raid, and strongly condemn these illegal actions of the Seattle Police Department (SPD). We urge all activists, students, unions, and working people generally, to join another solidarity march this Friday, July 13 at 7pm beginning at Westlake Park. This is not an isolated incident. This act of state repression continues a long tradition of police brutality and political repression by the SPD and police forces across the country. The Occupy Wall Street movement suffered police violence where demonstrations faced attacks, pepper spray, brutality, mass arrests, and the demolition of protest encampments. Here in Seattle in recent years we have seen an out-of-control police department carrying out an almost unending number of acts of police brutality, including killings, which have gone so far that even the federal Department of Justice has been forced to investigate and try to reign in the SPD. It is crucial that Occupy, unions, and left-wing activists generally respond to this provocation by mobilizing for public protests to shine a spotlight on the undemocratic actions of the SPD and rally to defend our democratic rights. If the SPD is allowed to get away with this type of undemocratic repression of political activity, it will be used in the future against other movements challenging the political and corporate establishment, including the labor movement and struggles of ordinary working people. While the SPD and Mayor McGinn carried out this raid with the intention of intimidating activists, in reality, it has only served to expose the true nature of the police in our so-called democracy as tools of the richest 1% who use illegal, undemocratic, violent measures to protect the interests of big business and their system of capitalism. Democratic Mayor of Seattle Mike McGinn is ultimately responsible for the activities of the SPD. This political repression highlights the need to break with the Democratic Party and begin building a left-wing, working-class alternative political party. To this end, Kshama Sawant, a member of Socialist Alternative and Occupy Seattle activist, is running as an independent candidate for the 99% in the 43rd District of Seattle (position 1). The Sawant campaign and Socialist Alternative call for the creation of an elected civilian review board with full powers over the police. We also demand investment in rehabilitation, job-training, and living-wage jobs, not prisons or detention centers, and abolition of the death penalty (which is still on the books in Washington State) as elementary initial steps to begin to fight the police brutality and institutional racism of the criminal justice system. The SPD has stated that this raid was connected to investigating incidents which took place around the May 1 protests in Seattle. It is true that some property destruction was carried out by a few people around the May 1 protest. Socialist Alternative and the Vote Sawant campaign did not support such acts and view them as counter-productive to building mass movements of the working class that can challenge capitalism. However, police repression will in no way stop such acts from occurring and will actually make them more likely. In reality, today's events highlight how the real criminality and violence in our society stem from the police and the corporate aristocracy that rules this country. We need to stand in solidarity with our brothers and sisters who suffered this raid and build massive movements of ordinary working people to defend our democratic rights and fight for our interests. We urge as many people as possible to attend the protest this Friday, July 13 at 7 pm beginning at Westlake Park at 4th Ave and Pine St. www.SocialistAlternative.org www.VoteSawant.org (206) 631-9480 info@SocialistAlternative.org

             The American Dream, A Social Nightmare____
                                                        July 9, 2012
   There is a T.V. commercial that has be running for some time now that suggests if you invest your money with their company you can become a member of the “One Percent”; this…they say….is the American Dream.

   Let’s do a small comparison between the “One Percent” and all the other Citizens in this country and around the world. This is more than just an issue of the Haves & Have-nots…It’s about Control, Domination and Oppression. The American Dream is an illusion being sold to us at a price…a price that goes far beyond a mere dollar amount. The cost of this American Dream is Compliance.

   Compliance….It doesn’t really sound so bad, in fact, most people are taught to comply from birth and were it not for some compliance, the over-all social order would die-a-way. However, there is an astounding difference between compliance for the common good and compliance that results in servitude and exploitation. To attain the American Dream….you must surrender all to the “One Percent”.

  I guess that we should start by defining what this American Dream is. As the Dream differs from person to person, we should just put it in a general context and say that the American Dream equates to success in one form or another….Whether it’s owning your own home or business or putting you children through college; the Dream is said to be, your life’s major goal.

   Now…because the “One Percent” have created a system, whereas everything known to man is now a commodity, to be owned by some and sought out by many…where the profits of the few are more important than society as a whole, the only way to see your dream come true is to comply with the wishes of the most wealthy….as it is they, who set the agenda for the world.

   The agenda that the One Percent has set for the rest of the world, is a life time cycle of debt bondage…..Yes, the One Percent is not only willing to help you attain your dream…but are zealous even impatient for the chance to tie you down (forever) with the chain of a monthly finance charge….We have become over the last thirty years or so, a “Culture of Debt”. The issuance of debt has become the biggest business in the world.

  While there has always been a very real need for financing we, as a society, have moved from needing to finance something to a greedy Buy it Now society and this dear friends….is the reality of the world that we live in. The concepts of SAVING money to buy the things you dream of is beyond the understanding of most people today and the American Dream is now, more so than ever before, a social nightmare.    

   THE CULTURAL DEFICIT OF THE UNEMPLOYED
                                             July 9, 2012

  Due to lack of funds……The unemployed and the under-employed suffer a social interaction deficit as they no longer can participate in social activities that were before (meaningful), not only to the unemployed, but for society as a whole. The normal, though divers, commonality of the social order begins to erode as unemployment rises and leads to a new, “Forced”, cultural identity that crosses many of the social bounders that would otherwise exist.

  As unemployment climbs, even the normal moderate cost of social interaction becomes intolerable not only for families but single individuals alike.  Money that was once spent to pay fees, dues, transportation cost, equipment for sports, tickets and other cost associated with leisure and cultural interaction, now must be spent on procuring the basic household necessities.

  What we see now….and even more so, as we move forward into the “Global Economic Melt Down”, is the gulf between the rich and the poor expanding further and further creating what some would call a “sub-culture” of mostly urban static poor. The real problem is that the poor are no-longer a “sub-culture” but are by far, the main cultural strata even if many refuse to identify with their new social grouping. As poverty increases, social identity choices become fewer and fewer.

                                                                      

   The question that concerns me most is what the long term effects of this diminished cultural exposer will have upon our society. This issue will probably be the most devastating disfigurement that “First World” countries have ever known, as many millions of people are being push out of what is considered Main Stream and into the social corral of poverty. With the NOW limited access to what was otherwise a diverse cultural social structure, Society as a whole will be pushed backwards many hundreds of years. What has taken so long to achieve…….now stands at the abyss of poverty.

  Unlike many Third World countries, most aspects of our cultural exposer are tie directly to the over-all economic health of the nation. This is a result of capitalization, whereas every part of culture is seen as a commodity to be bought and sold without regard for the effect it may have upon the very structure that allows for economic growth in the first place. Once the economy recedes, so does ones ability to share in cultural exchange.

  The long term effects that increasing poverty has upon society can readily be seen throughout modern history. While some will see these effects as a major threat….others will see them as an opportunity for social change…..with the ability to forester support for revolution increasing with the decline of economic and cultural prospects.

  For every human process……there is a beginning, and so it is with revolution as the beginning of the end always starts with a cultural imbalance. The price to be paid for social change is most often very high, I can see no way in which the next American Revolution can escape the growing pains that have always occurred.

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CAPITALISM MUST END

DATED ARTICLE  ( Oct. 2011 )

AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters' worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.

The study's assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help to identify ways of making global capitalism more stable.

The idea that a few bankers control a large chunk of the global economy might not seem like news to New York's Occupy Wall Street movement and protesters elsewhere (see photo). But the study, by a trio of complex systems theorists at the Swiss Federal Institute of Technology in Zurich, is the first to go beyond ideology to empirically identify such a network of power. It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world's transnational corporations (TNCs).

"Reality is so complex, we must move away from dogma, whether it's conspiracy theories or free-market," says James Glattfelder. "Our analysis is reality-based."

Previous studies have found that a few TNCs own large chunks of the world's economy, but they included only a limited number of companies and omitted indirect ownerships, so could not say how this affected the global economy - whether it made it more or less stable, for instance.

The Zurich team can. From Orbis 2007, a database listing 37 million companies and investors worldwide, they pulled out all 43,060 TNCs and the share ownerships linking them. Then they constructed a model of which companies controlled others through shareholding networks, coupled with each company's operating revenues, to map the structure of economic power.

The work, to be published in PLoS One, revealed a core of 1318 companies with interlocking ownerships (see image). Each of the 1318 had ties to two or more other companies, and on average they were connected to 20. What's more, although they represented 20 per cent of global operating revenues, the 1318 appeared to collectively own through their shares the majority of the world's large blue chip and manufacturing firms - the "real" economy - representing a further 60 per cent of global revenues.

When the team further untangled the web of ownership, it found much of it tracked back to a "super-entity" of 147 even more tightly knit companies - all of their ownership was held by other members of the super-entity - that controlled 40 per cent of the total wealth in the network. "In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network," says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

John Driffill of the University of London, a macroeconomics expert, says the value of the analysis is not just to see if a small number of people controls the global economy, but rather its insights into economic stability.

Concentration of power is not good or bad in itself, says the Zurich team, but the core's tight interconnections could be. As the world learned in 2008, such networks are unstable. "If one [company] suffers distress," says Glattfelder, "this propagates."

"It's disconcerting to see how connected things really are," agrees George Sugihara of the Scripps Institution of Oceanography in La Jolla, California, a complex systems expert who has advised Deutsche Bank.

Yaneer Bar-Yam, head of the New England Complex Systems Institute (NECSI), warns that the analysis assumes ownership equates to control, which is not always true. Most company shares are held by fund managers who may or may not control what the companies they part-own actually do. The impact of this on the system's behaviour, he says, requires more analysis.

Crucially, by identifying the architecture of global economic power, the analysis could help make it more stable. By finding the vulnerable aspects of the system, economists can suggest measures to prevent future collapses spreading through the entire economy. Glattfelder says we may need global anti-trust rules, which now exist only at national level, to limit over-connection among TNCs. Sugihara says the analysis suggests one possible solution: firms should be taxed for excess interconnectivity to discourage this risk.

One thing won't chime with some of the protesters' claims: the super-entity is unlikely to be the intentional result of a conspiracy to rule the world. "Such structures are common in nature," says Sugihara.

Newcomers to any network connect preferentially to highly connected members. TNCs buy shares in each other for business reasons, not for world domination. If connectedness clusters, so does wealth, says Dan Braha of NECSI: in similar models, money flows towards the most highly connected members. The Zurich study, says Sugihara, "is strong evidence that simple rules governing TNCs give rise spontaneously to highly connected groups". Or as Braha puts it: "The Occupy Wall Street claim that 1 per cent of people have most of the wealth reflects a logical phase of the self-organising economy."

So, the super-entity may not result from conspiracy. The real question, says the Zurich team, is whether it can exert concerted political power. Driffill feels 147 is too many to sustain collusion. Braha suspects they will compete in the market but act together on common interests. Resisting changes to the network structure may be one such common interest.

When this article was first posted, the comment in the final sentence of the paragraph beginning "Crucially, by identifying the architecture of global economic power…" was misattributed.

The top 50 of the 147 superconnected companies

1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc
27. Invesco plc
28. Allianz SE 29. TIAA
30. Old Mutual Public Limited Company
31. Aviva plc
32. Schroders plc
33. Dodge & Cox
34. Lehman Brothers Holdings Inc*
35. Sun Life Financial Inc
36. Standard Life plc
37. CNCE
38. Nomura Holdings Inc
39. The Depository Trust Company
40. Massachusetts Mutual Life Insurance
41. ING Groep NV
42. Brandes Investment Partners LP
43. Unicredito Italiano SPA
44. Deposit Insurance Corporation of Japan
45. Vereniging Aegon
46. BNP Paribas
47. Affiliated Managers Group Inc
48. Resona Holdings Inc
49. Capital Group International Inc
50. China Petrochemical Group Company

* Lehman still existed in the 2007 dataset used

Graphic: The 1318 transnational corporations that form the core of the economy

(Data: PLoS One)         

WE THE PEOPLE

      WE THE PEOPLE of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.......WE THE PEOPLE....Not,...We The" Dictatorship of the Corporation"...Not Wal-Mart, ExxonMobile or JP Morgan. WE THE PEOPLE, is an idea based upon these fundamental truths.

WE HOLD THESE TRUTHS TO BE SELF-EVIDENT, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

This is our history.....This is what it is to American ! ! And i DO NOT GIVE MY CONSENT to be governed by ANY corporation ! ! !

LIBERTY....is the FREEDOM TO CHOOSE !

Short Response

@ Mr. John F. Mertz....bless you Sir ! ! ! For a while now, I thought that I was the only person who grasp the over-all benefit of HEALTH to our society. And let there be no doubt....This Is Our Society and not the exclusive property of the "Corporation". The modern slogan, "People before Profits" is not a new concept developed by some dead-beat. This country has a long history of struggle....not so much from out-side attacks, but the struggle of "WE THE PEOPLE" against oppression from within. For almost one hundred years now...the terms job creation and growth, have been an aphrodisiac to the masses.... allowing big business to gain control of government..by gaining control of people's minds. The concepts of "Sustainability" fall by the wayside as profits are the only goal. Job creation is not a product of industry...but merely an overhead, an expense...to be kept at a minimal or done away with entirely where possible. If corporations are allowed to RAPE this country of every last dime...The Victims...should at least be Entitled to receive the care they need for the suffering that they endure.---------Email offinthehead@gmail.com

Video

Wealth Redistribution

        Wealth Redistribution___

                          Thursday, June 28, 2012               

   It seems appropriate for me to write about the “GLOBAL BANKING EMERGENCE” that has so many economists running around like a pack of dogs chasing their tails. There is SOOO much talk about the amount of money that will be needed to cover banks losses and where it will come from; yet, no one is asking where the money went that was lost. IF…..These banks did really have this money, and then, at some point lost the money through bad/high risk investments….where did the money go? If (fx) = vi then –vi = + (fx) or something to that effect. As a loss at one end of an economy must show up as profit or savings at another.

   No one is talking about who or whom is the recipient of the BILLIONS and BILLIONS of dollars that moved from the banks….to someones pocket. While there is no doubt, that the Global Capitalistic Economy that we all have to endure, has slowed to just a trickle…..even less for some; this is not the case for everyone.  As the tax payer, out of work and under-employed, is told that he must pay for the banks losses…..the banks they say....are now too big to fail….some very rich individual is getting even richer and the working man…..He struggles just to hang on.

    NOW…if we go back and trace the “Evolutionary History of Capitalism” and, using the common economic terms…..we (in the U.S.) are now as we have been for a very long time, in our “Post Industrial” period. This simply means that the Economy now, is based more upon services like “BANKING”, technology, consulting, retail and investments, (often outside the country) rather than producing goods here. These being the case….we now find yourselves in the POST….post-industrial period known as “Economic Collapse”. But what does that really mean………………

    “Economic Collapse” is really not a big deal…….if you’re among the very wealthy. What so many people still fail to realize, even now, after seeing all the suffering that Capitalism brings, Is that a Capitalistic Economy is not designed for the worker/consumer to gain wealth; In fact….a Capitalistic Economy is designed to do just the opposite, that being, to extract wealth FROM the worker and society as a whole………Once this extraction process nears fruition, Economic Recession ascends. This is the natural process of Capitalism.

    So what is left for the worker to do…..well, the only sector of the now defunct Economy where a person might find employment, is some type of service performed for the wealthy who made for themselves enormous amounts of money at the expense of everyone else. As it stands today….the official report from the Federal Government says that to date…..there are 3.7 people for every one job that is created. While this (IS) the official report, it does not take into account the millions of workers who are not part of the data collection process, such as, those who have maxed-out their unemployment, first time job seekers leaving school, those leaving prisons and jails and others who would be in similar situations. If you take the full weight of the unemployed….the number would be closer to 5.7 or more workers per job.

    I started out this article speaking on the issues that big banks face because of their high risk investments, which turned out to be no risk at all....as they were and are, being handed all the cash that they might need to cover their losses until business picks up. What we have seen thus far is the practice of “Wealth Redistribution".....in this case, where money is siphoned off from the working tax payer to pay for the money that the wealthy made……which was lost by the banks.

         

 

Unrelenting optimist who was committed to socialism

Unrelenting optimist who was committed to socialism

V-00005 Socialism V. Capitalism

V-00004 Socialism V. Capitalism

V-00003 Socialism V. Capitalism

V-00002 Socialism V. Capitalism

A Call For Socialism

                                                                           A Call For Socialism                                                              June 21, 2012

      Listening to the talkie-man on CNBC (a financial news network)…..He says, what is needed to stimulate the Economy is going back to the basics; lowering taxes on the rich and creating an atmosphere that fosters growth “this means looking to emerging markets”.

     This is the same “mindset” that got us into the Economic mess that we see today. Why is that…..well, it’s relatively simple. If, you REMOVE the over-all economic structure….of the consumer……..whom you depend upon to buy your products…..by sending the consumer’s means to earn a wage to another country….You also REMOVE the consumer’s ability to buy “YOUR” products.  Now….on a small scale….this would have little effect….However…..this has been the overall trend for many years……And, as most people know….the manufacturing sector in the U.S. and other First-World countries, is now, for the most part, non-existent.

    This trend coincides with the increased use of credit by consumers as a way to purchase goods even though their wages have become stagnate. These factors led to the Economic collapse that the average worker has had to contend with for the last 7 or 8 years. Other than purchasing power of the wealthy…..the Economy that we have now is based upon the use of credit……and government pensions (Social Security). Many Economic observers fail to point out the Economic impacted that the millions of retiring “Baby-Boomers” are having upon the Economy as a whole. This fact will, however, become more and more evident as these retirees pass-a-way……and the money that they use to spend….is removed from the market.

     Without some transference of wealth to the consumer……There will NO Economy.

   What we see today as the Economic Disaster….is nothing more than the slow concentration and shifting of wealth or (Buying Power) from labor (The Proletariat) to the very rich. So where does that leave us….It’s my belief that the only way to rectify this economy stagnation is through Socialism.    

First talk on Socialism (video)