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Rethink market capitalism?


myata

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On 4/1/2021 at 1:47 PM, Right To Left said:

Organized crime should be kicking themselves now for never having the foresight to build this kind of racket that has so many willing slaves out spouting the latest propaganda from Musk, Bezos, Gates and other high priests of capitalism on Twitter and other social media today! 

In other words, "market" capitalism is just reverting back to its old habits in our modern era of desperation and depleted wealth. 

Once again: it is not exactly accurate to call these people "capitalists" since they don't spend money they have earned, but money that was simply re-distributed from speculative gains of equities.  That is why I reserve the term "Casino Capitalists" for them.   In a sane world, such activity would be taxed out of existance or otherwise made criminal - as you hit this one on the head: what finance does today is indeed organized crime at a level no Mafiosa could ever have imagined.

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On 3/28/2021 at 3:00 PM, myata said:

Ok I was only trying to say that we have this business, public service that is supposed to be ours we are the owners and it should work for us and us only and we cannot do anything, change one tiny bit. So how likely it is to "redo" anything in the real market economy? It is only a distraction from the main theme, real change is no longer possible so let's just chat and rethink, think and rechat.

But, we CAN change things.   That is the very nature of human nature.  We can implement rules and enforcement of same that gives a predictable result.   First, though, we have to learn what it is we are trying to control - and THAT is the other naure of the beast - collective ignorance.

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10 hours ago, cannuck said:

Once again: it is not exactly accurate to call these people "capitalists" since they don't spend money they have earned, but money that was simply re-distributed from speculative gains of equities.  That is why I reserve the term "Casino Capitalists" for them.   In a sane world, such activity would be taxed out of existance or otherwise made criminal - as you hit this one on the head: what finance does today is indeed organized crime at a level no Mafiosa could ever have imagined.

Are today's hedge funds and commercial investment banks and just about every damn stock that's listed on the market indexes NOT "casino capitalism?"  And exactly who is it who has fought the longrunning battle against taxes and market regulation? The loudest voices are still promoting notions that "markets regulate themselves," and that taxes must be as low as possible or they will kill jobs. 

From an anti-capitalist perspective, creating these subgroups of bad capitalists is contrived and serves no purpose, since they are just doing what capitalists are trained to do: maximize profits. As soon as any new restrictions and market reforms are announced after the latest example of largest, most monopolistic banks bankrupting themselves and demanding government bailouts or they'll take the whole system down in some implied suicide pact, they get the bailouts, the reforms are promised and never fully delivered on, and everything is back in turmoil 10 or 15 years later! 

Only difference this time, is we are at a time when capitalism as an economic force has grown and consumed so much potential wealth from nature, working people's earnings and the major new industry of the 21st century - destroying poor nations by economic and outright military power that either leaves a virtual slave state that can be harnessed for its final profit potential, OR even if the people are too unruly, angry and uncooperative - left as a failed state.... like Iraq, Libya, Somalia, Yemen, and soon to join - Syria and Afghanistan. Even if these nations are permanently destroyed and left with only the old and sick who can't escape, the foreign capitalists who profit from US/ Nato foreign policy still find are able to pull profits from the ashes! 

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14 hours ago, bush_cheney2004 said:

 

It did work out well...and the present Canadian government desperately seeks to cling to the post WW2 "rules based order" that Trump threatened to undermine by withdrawing American military and economic power from the free trade "fraud".   Before this, "Axis of Evil" membership was created for those nations that purposely threatened neoliberal and neocon foreign policy / economic frameworks.   Canada could not offer much in the way of raw power, but it could develop human rights R2P,  honest brokering, and a commensurate "seat at the table" secondary role to other (more powerful) allies.

This is not the first time the Americans had upset the status quo, as Richard Nixon's administration had previously done so by leaving Bretton Woods (Switzerland and West Germany had already done so) in favour of floating fiat currencies and  continued U.S. dollar hegemony “to create a new prosperity without war.”   But the wars would continue anyway, for the usual reasons.

This all depends on who's Canada you're talking about here!  I say that Canada is just an adjunct imperial state to the US today and is just as despicable and disgusting as the US policymakers on its own, more limited scale. 

For example, Haiti. Canada plays a major role in maintaining the hated, despotic corrupt government that is hated by 80% of the people on the Island and being fought on a continual basis (though ignored by our bullshit MSM news that can only cover Hong Kong, Myanmar and other US-approved rebellions).  And that's just one example, but a good reason why other nations don't share our starry eyed impression of Canada as a "good nation that promotes world peace."  People living in the global south know that is total bullshit. 

The Canada I respected, ended at least 40 years ago.

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