Saturday, January 1, 2011

2011: Calling Time on Capitalism

"Recent decades have seen a massive redistribution of wealth, imposing the cost of successive crises on the poorest. Enough!"

"...recovery noise distracts from a more basic failure of our economic system: its fundamental instability. Recurring "downturns" – which neither private nor government actions have ever managed to prevent – impose massive costs on society. They plunge millions of effective, productive workers into unemployment and resulting personal, family and community disasters. Governments tap the collective purses of their nations chiefly to rescue just those private capitalists who were major contributors to the crisis and whose wealth insulates them from the crisis' worst effects.

Then, governments turn on their people to impose austerities (cutbacks in social programs, social security, etc) needed to restore government budgets busted by that rescue's huge costs. Like someone convicted of murdering his parents who demands leniency as an orphan, corporate America demands conservative government and austerity on the grounds of excessive budget deficits. Mainstream media and politicians take those corporate demands seriously, reminding us who controls whom."

Read the entire article at: Common Dreams

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