How can competition benefit most people when most must be losers by definition? In competition there is typically one winner and many losers. The other way around is logically impossible.
How can we be rich and affluent during a boom one day, then poor, willing embracers of austerity the next? How can it be that this cycle repeats across the centuries, with 'wealth' suddenly disappearing without decent explanation, and yet we apply the same methods in an attempt to get different results.
How do central banks repeatedly fail to notice mounting debt in a debt-money system? Isn't it their first responsibility to monitor the money supply and keep inflation at 'reasonable' levels?
How can the debt-money system be praised during the boom, then stunned surprise announced during the bust, with the finger of blame pointed at the very mechanism – debt – praised the day before for delivering such wonders? How can the way out of this cycle be yet more debt?
How can we refuse to question debt-based money creation when it is universally accepted that nations and citizens took on too much debt?
How can capitalism suddenly not have been in operation these last decades, when during the apparently 'good' times it had killed communism and spread plenty across the western world?
How can capitalism be anything other than a system for creating overly powerful corporations, when it is at core a system for leveraging concentrations of wealth in pursuit of ever more profit?
Why is it now so often heard that, actually, we haven't had 'genuine' capitalism, that 'genuine' capitalism would be better than 'crony capitalism,' or 'corporate capitalism,' while it is simultaneously acknowledged that perfect competition is impossible? Only perfect competition can prevent the concentrations of market-manipulating, price-fixing power so in evidence across the planet and throughout its modern history, concentrations which are in fact capitalism's very engine.
Why is individualism so fanatically insisted upon, so viscerally defended by knee-jerk group-think? Isn't it bitterly ironic that the collective, in almost total unity, insists that the individual has supremacy, while shouting down lone individuals who claim otherwise?
Are we going to let a socioeconomic model called “capitalism” wipe us out while in reckless pursuit of perpetual 'growth,' or are we going to coolly assess the situation and do what needs to be done?
Ten Years - > Today’s the tenth birthday of this blog. This is post # 1,237. Looking back at March 20th, 2009 I see that I posted six times on that first day. Most...
6 days ago