Kirk….admiral…..1A1
McCoy….ship’s doctor…..B1B
Scott..chief engineer……1B1
(computer replies)….self-destruct in 60 seconds
Okay, sorry, when I came up with the title that was the first thing that pop into my head…..I know my mind works in mysterious ways…..
We need to establish a few things…like what are free markets? And what is capitalism?
The free market…….A market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sells are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.
Now for capitalism……an economic system dedicated to production for profit and to the accumulation of value by private business firms. In the fully developed form of industrial capitalism, firms advance money to hire wage laborers and to buy means of production such as machinery and raw materials. If the firm can sell its products for a greater sum of value than that originally advanced, the firm grows and can advance more money for a new round of accumulation. Historically, the emergence of industrial capitalism depends upon the creation of three prerequisites for accumulation: initial sums of money (or credit), wage labor and means of production available for purchase, and markets in which products can be sold.
Those are a bit simplistic, but for this post and for a better understanding, they will do……..
There has been lots of opinions about the direction our economy is traveling free marketeers see this whole economic shake up as a good thing and others do not see it as something we should look forward to….a couple of years ago I wrote a post entitled, “Marx Was Right” and was not very popular at the time….read it here……http://t.co/IUnlAIJ
And since I posted that we have seen companies sitting on trillions and buying up their competition at record paces…..while sticking to the lie that they are not investing because of the uncertainty coming out of Washington…..yes, I believe this is a lie….they are buying up their competition so that when the government starts programs that will be more conducive for them….then they will have less competition and it will maximize their profits even more so than today….
It seems that I am NOT alone when I say that pure free markets and capitalism is self-destructing……watch this video from a couple of days ago……..http://t.co/q8994D5
So will capitalism self-destruct? Just in case you were not paying attention…..in Marx own words…..
In capitalist society the working-class continues to grow, and ownership over the means of production continually dwindles into fewer and fewer hands. One example of this is the stock market, where the finance banks emphasize that “all workers” can own a piece of various companies. In fact, through offering “ownership” of these companies to more people, financial oligarchies are able to gain greater control over these companies by diluting the ownership amongst an unorganized group while also extracting capital from this large group for further investment. For example, a bank need only own 10 or 15 percent of a certain company to have an enormous controlling interest over that company, so long as the vast majority of stocks in that company are owned by thousands and tens of thousands of different people, people who do not have the time to attend shareholder meetings and are not united and unorganized on how to exert control over the company. Furthermore in capitalist society, the value of labour increases while labourers continually receive a smaller portion of that value they create. The selling of labour itself is continually reduced from something that is sold on a monthly or yearly basis to something that is sold day by day, and hour by hour, piecemeal or in short term contracts. As a result, the income gap grows continually larger.
You may NOT appreciate Marx….but his criticism from over a hundred years ago….sounds pretty close to damn accurate. Bullsh*t! He was DEAD ON! The Banksters are pushing the self-destruct sequence for capitalism….you know that economic theory they so love!
I think Marx’s theories helped set the stage to improve worker conditions and make some gains that gave them greater wealth and political power. Many Industrialist like Carnegie and even Ford saw this so by giving greater value to labor and in so doing they offset the otherwise self-defeating practices of pure communism that all pure communist countries ultimately experienced.
But as is usually the case, once they have tied their enemies’ hands, capitalist on a certain level tend to go back to their self-serving ways that doesn’t always generate a rising tide which lifts all boats equitably.
Morning Larry….Marx foresaw the evils of unbridled capitalism……and the self-destruct sequence began in reality……Clinton and his DLC cronies that eliminated the regs and the law enforcers from Wall Street…..then the Bankers figured out a way to make money without doing anything other than gambling with their own cash….and then the mortgage debacle….and it all came together in 2007-2008…….and now that it is failing NO one wants to stop it….they are allowing all the mistakes of the past to continue without consequences….ergo the capitalists are killing the system that they so love ….GREED the major player and the player that Marx foresaw leading to the end…..
The communism that Marx was in favor of has never been tried….all so named systems were nothing more than state capitalism…..they were all destined to fail….