Or, perhaps better said: Our marginally capitalist, partly-free market systems are approaching a massive collapse.
Not because of what capitalism is, mind you, but because the powers that be have bastardized it.
Capitalism can bear many distortions and abuses, but it is not indestructible.
And, make no mistake, the ‘capitalist’ system we have today has been massively corrupted, so much so that it’s sagging under the load... and will continue to do so until the proverbial straw breaks its back.
The 9 Plagues
1. The average producer is being stripped bare. In the US, for example, the total take of taxes has not risen dramatically, but fewer and fewer people actually pay them. There was a big uproar during the last election cycle over the fact that 47% of working-aged Americans paid no income tax. That means that the half who do work (read suckers) are paying the whole. And more than that, they are also paying for the many millions who are on food stamps and disability. Producers are being punished and abused, made into chumps.
More
This article is spot on.
ReplyDeleteNeo-Fascist? Obama a Neo-fascist?
ReplyDeleteWhat? no way!
He's a Commie thru and thru.
Truth is he is (In this order) a:
ReplyDeleteMuslim
Communist
Fascist
Homosexual
Other than that a regular guy. How was this guy elected president?