Is Capitalism a scam, ON PURPOSE?

[WingDinger]

Rick Santelli, as he formed the kernel of the Teaparty, claimed that all those still lucky, deserved to scoop up all the possessions of those less fortunate. Due simply to the fact that they were more deserving.

The Fed, in creating money, fails to cover the interest, which must be made up by expansion of the economy. Growth, is the magic buzzword. Therefore, if there is no growth, the economy collapses. This configuration of capitalism, I believe, is rapacious, not by chance, but by design. The business cycle, is not some organic result of natural forces, but what the right secretly feels is the engine. That scrapping, to cover the interest, provides motivation, and scares anyone with conservation on their minds.

Any attempt to smooth the business cycle is resisted as the devil. Any attempt to provide consolation to those displaced, is evil. Any wage pressure, from the average man, must be crushed. Could it be, that unlike the bad old days, when you had to invade a country to steal their possessions, those with power, found a way to eliminate that need, and still take what is not theirs? Many families during the depression still having liquid assetts, were MADE thru confiscation of the assets of the poor at firesale prices.

Could it be, that capitalism, is designed to dissallow any thought but one that enshrines the status quo?

I am not an economist, and have poor higher math skills, but I am a process engineer, and see trends that most others do not notice. I think that the Fed should first be audditted, and then FORCED to create both principle, AND interest. Then, we should have commitees, that study the business cycle. They should issue suggestions, that would provide incentives, to place work muscle in areas that make sense, and dissuade it in areas that are counterproductive to humans. Provide funds to transform business into forms that are more necessary to humans depending on climate, land zoning, and other logical points. And last but not least, to recover funds from those helped, as it is right and proper.

The shrill screeching against anyone brave enough to say these things should give us all pause. I think we are being played.

[RandomThoughts]

1. Back before production was higher then demand.

Its bad parts were less then its good parts, but when production surpassed demand, capitalism turned in on itself to try and create demand or remove production, instead of making some supply for some demand. At that time Capitalism started deciding social issues.


When demand was higher then production, many people decided what was needed. When Capitalism had to create demand, the profit motive started deciding what should be made or produced in society. And since those things were not what people needed, it also had to start controlling people.

It is a systematic problem that turned in on itself when conditions changed. It was not built to address the problem of more production then demand.

So a system has to be made that works where production is higher then demand, or Capitalism will reduce production by destruction, and create demand only where it makes the most money.

That system is people controlling through democracies, some of what is produced and how things are traded, also could be said to be leashing Capitalism, and that system through its many parts, many people, fight that concept.

That as why things have been so screwy for so many decades.

[blindpig]

4. Um, prodution is higher than demand

That is one of the mainsprings of capitalist crisis, so much is produced that there is no profit as price is driven to the floor. When that happens, as we see today, the Capitalists will not invest, will close shops they can't profit from, the masses suffer but they're still farting thru silk. The system achieves a modicum of stability and vigor only after previous capital is destroyed, by bankruptcy or war.

[nadinbrzezinski]

2. No, but we don't live in a Capitalist system

But more like a fascist economic order.

[provis99]

3. American capitalism is obviously Social Darwinist.

All we lack now are debtor's prisons.

[Salviati]

6. Debtors Prison: check.

In jail for being in debt

You committed no crime, but an officer is knocking on your door. More Minnesotans are surprised to find themselves being locked up over debts.

As a sheriff's deputy dumped the contents of Joy Uhlmeyer's purse into a sealed bag, she begged to know why she had just been arrested while driving home to Richfield after an Easter visit with her elderly mother.

No one had an answer. Uhlmeyer spent a sleepless night in a frigid Anoka County holding cell, her hands tucked under her armpits for warmth. Then, handcuffed in a squad car, she was taken to downtown Minneapolis for booking. Finally, after 16 hours in limbo, jail officials fingerprinted Uhlmeyer and explained her offense -- missing a court hearing over an unpaid debt. "They have no right to do this to me," said the 57-year-old patient care advocate, her voice as soft as a whisper. "Not for a stupid credit card."

It's not a crime to owe money, and debtors' prisons were abolished in the United States in the 19th century. But people are routinely being thrown in jail for failing to pay debts. In Minnesota, which has some of the most creditor-friendly laws in the country, the use of arrest warrants against debtors has jumped 60 percent over the past four years, with 845 cases in 2009, a Star Tribune analysis of state court data has found.

(continued)
http://www.startribune.com/investigators/95692619.html

[maryf]

7. the cell block has replaced the auction block...

Chris Hedges said something like this in quoting an African poet friend of his...(can't recall the poet's name...only heard it once...)

[Initech]

5. It's not a scam, it's a ponzi scheme.