Category Archives: Capitalism
As described by Hayek
Steven Molyneux on Robin Williams Suicide
Of the 1.5 million worldwide violent deaths annually, more than half, about 800 000 people, are suicides, mostly amongst the elderly. Anti depression medication, especially SSRIs has been linked to increased risk of suicide and also, Parkinson’s disease, which Robin Williams is said to have been in the early stages of.
Steven Molyneux makes the connection in this clip:
Banco Espirito Santo nationalised, debts jetisoned
Portugal’s largest bank has been bought by the government after toxic debts were discovered. Rather than stupidly bailing out the speculators and banking executives, the bank has been divided into two parts, the good part with all the assets, and the bad part with all the toxic debts for all the shareholders and speculators. This is effectively the same as finding the vandals on your wooden ship, making them a raft out of the wood they damaged, and them setting the vandals adrift on it, wishing them good luck knowing that it won’t help them.
Portugal has just invented the bailout we expected to happen in the USA following the GFC.
Fun Fact: Australia was once referred to as ‘Espirito Santo’.
Karl Marx Quotes plus some F A Hayek.
“Owners of capital will stimulate working class to buy more and more expensive goods, houses and technology, pushing them to take in more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks which will have to be nationalized and State will have to take the road which will eventually lead to communism.”
Karl Marx, 1867
Well he wasn’t all wrong.
A road you say?
So what does this road look like?
Karl Marx never had a job in his life, so what would he know about the working class or work itself?
[ADMIN edit 14/08/2013]
It looks like Karl Marx worked as a journalist for quite a few years before turning to being a sponsored author. Though Most Marxist are unaware he ever had a job, or anything else about their ‘god’.
Philoso raptor ponders capitalism and fiat currency
From Shock and Awe to Wall Street
This week marks the tenth anniversary of the “Shock and Awe” US invasion of Iraq. The ravages of that invasion continue at home and in Iraq, the US is still at war in Afghanistan (troops and contractors remain in Iraq) and unofficially waging war on countries like Pakistan and Yemen, is aggravating aggression with North Korea as part of an Asian pivot encircling China, is putting more military into Africa and Obama is in Israel where he sings a duet for war with Netanyahu against Syria and Iran. Meanwhile, poverty, unemployment and homelessness continue to grow in the US with threats of austerity for everything except the national security state.
When we occupied Freedom Plaza in October, 2011, we made the connection between US Empire and the corporate control of our political process, between unlimited military spending and cuts to necessary domestic programs. We understood the misreporting in the corporate media about the Iraq War. Kathy Kelly from Voices for Creative Nonviolence was in Baghdad during Shock and Awe. On this tenth anniversary, she reminds us of the horrible price of war and warns of never ending war as the US seems to edge toward more war in the region. The need to understand those connections grows more important each day as we see the costs of war affecting people on every level.
And this report details the tremendous costs in loss of life, the US legacy of cancer in Iraq from poisons we brought there, the number of refugees, orphans, widows and people now living in poverty. Violence continues in Iraq including a series of attacks on the tenth anniversary that left 98 people dead and 240 wounded.
Iraq War veteran Tomas Young is bringing increased attention to the human costs at home as he prepares to die from his wounds. Over 130,000 Iraq vets have been diagnosed with PTSD. Over 250,000 are suffering from traumatic brain injuries. The ongoing costs of caring for veterans is expected to bring the total cost of the Iraq invasion alone to $6 trillion. And, vets fight homelessness, sometimes with the aid of Occupy activists who protest to save the homes of vets. Veterans are also experiencing unemployment and medical debt.
These are some of the costs of war, not to mention that the US Military is the greatest polluter on the planet.
As we join the national week of actions in solidarity with the Strike Debt Rolling Jubilee and the coast-to-coast actions in support of the Tar Sands Blockade, let us remember that all of these issues are connected. As our allies at Veterans For Peace have been saying lately it is time to Stop the War on Mother Earth. VFP has been joining with groups like Radical Action for Mountain People’s Survival and the Tar Sands Blockade to protect the planet.
The breadth of opposition to the extraction economy that undermines the ecology of the planet is shown by the people involved in the Great Plains Tar Sands Resistance and the “Sacred Journey for Future Generations,” a march across Canada by hundreds in support of the Idle No More Movement. The fracking movement has also shown the kind of culture of resistance needed to stop hyrdo-fracking as we saw in Watkins Glen, NY this week.
Let us remember that there is strength in solidarity and all these issues are connected by policies that put corporate greed before human needs and protection of the Earth.
Solidarity has produced some real successes recently. In the UK, 21 climate activists were being sued by the energy giant EDF for shutting down an energy plant for 8 days. But when 64,000 customers signed a petition in support for the “No Dash for Gas” activists; EDF dropped its civil suit. Criminal charges remain, so solidarity with the activists continues to be important. And in Cyprus, the EU tried to impose a tax on the population in exchange for assistance with their debt. Massive protests resulted in the Cypriot Parliament saying no to the tax.
The plague of Wall Street banking affects people across the globe. Wall Street was a key focus of Occupy. This week, activists in Philadelphia explained their protest against Wells Fargo which led to their arrest and acquittal, indeed being thanked by the judge for their actions. This was one of five recent court victories for Occupy. Now, people are standing up in New York with a class action lawsuit against the abusive stop and frisk searches which had been protested by occupiers and others.
Single payer groups are joining with Strike Debt to fight medical debt and our debt-based society. Chicago Teachers invited Occupy Wall Street to teach them protest skills. And, the Imokalee workers are walking across Florida to protest low wages. In Maryland, Fund Our Communities is holding a day long “Prosperity Not Austerity” Bus Tour that links issues such as health care, education and food security with the cost of war. The Strike Debt Resistor’s Manual provides a guide for communities to learn more about ways that debt affects them and what they can do about it. Perhaps you see opportunities for making connections around issues where you are?
It is through these connections that we can grow stronger and become more effective. And it is through these connections that we can have real conversations about the root causes of our shared situations, about the real needs that we have and how we can meet them together and build a unified movement that can say “No” to war at home and abroad. Let us not be afraid to talk about US imperialism and the effects of capitalism and a debt-based world. Let us look for the truth and not be lied into another war in Syria, Iran or North Korea. And let us all join together in the urgent need for climate justice.
We can succeed too. As we make connections and build solidarity, we are preparing for the day when we will shift power to the people. An important issue that needs your attention, particularly next week, is the hunger strike in Guantanamo. Don’t let these prisoners die in vain. Witness Against Torture is calling for a week of national solidarity actions starting March 24th. Join them.
Kevin Zeese JD and Margaret Flowers MD co-host ClearingtheFOGRadio.org on We Act Radio 1480 AM Washington, DC and on Economic Democracy Media, co-direct It’s Our Economy and were organizers of the Occupation of Washington, DC. Their twitters are @KBZeese and @MFlowers8.
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