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Forum Post: Free Market Apocalypse

Posted 1 month ago on July 10, 2019, 9:08 a.m. EST by agkaiser (2363) from Fredericksburg, TX
This content is user submitted and not an official statement

It should be obvious by now how "free market capitalism" is self destructing. It should also be obvious that free market capitalism is an oxymoron. I once said the market couldn't be free if capitalism was banned and wouldn't be free if it wasn't. The freedom to be a capitalist is like the freedom to own slaves: It's beyond mere irony. It's an abomination.

Why? Because it's simply wrong for a few members of our national, state, local or neighborhood communities to take most [quickly escalating to all] of the product of our labors for their personal use. Worse we're increasingly forced into debt to the parasitic owners because of their high prices and low wages.

Capitalism is even more obviously an abomination, because it's self destructing. As it concentrates wealth through inexorable mechanisms like compound interest, it robs the consumers, most of us, of the ability to continue to support it. Can you see this happening yet? If not, you will. [Caveat: unless you're a brain dead conservative.]

The profits keep rolling in from our debt - money created on the ledgers of the banks. Most fools can't seem to grasp that this process of making something from nothing only applies to money, a representation and token of wealth, and will never apply to the real things we need to survive. The only thing that's growing here is the money supply.

And then there's the oldest child of the capitalist pyramid scam: the real estate Ponzi. How do you think that will end? Will we all be homeless because we can't afford the rent on our foreclosed homes? Think about: we couldn't afford to keep up the payments as the market increases home prices and we borrow against the equity to keep going and ...

24 Comments

24 Comments


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[-] 1 points by ImNotMe (1488) 1 month ago

So, ''If You Look Behind Neoliberal Economists ... You Will Discover The Rich: How Economic Theories Serve Big Business":

radix omnia malorum est cupiditas!

[-] 1 points by agkaiser (2363) from Fredericksburg, TX 1 month ago

I also see John C. Calhoun lurking behind the neo-liberal/Libertarian resurgence of the Confederacy starting shortly after Brown v. Board.

[-] 2 points by beautifulworld (22912) 1 month ago

It all goes hand in hand. Racism, imprisonment, the environment, the economy, social norms, political power structures etc. Never does thing or idea or policy happen in a vacuum, all are related.

[-] 1 points by ImNotMe (1488) 1 month ago

Also ''Meet The Economist Behind the One Percent’s Stealth Takeover of America'' (J.Buchanan)

fiat lux ...

[-] 1 points by agkaiser (2363) from Fredericksburg, TX 1 month ago

this whole economic system will eventually tumble.

Yes it is consuming itself. Concentration of wealth means the workers and most consumers eventually don't have enough to live and the system collapses due to the output hoarded by the rich and the inability of the rest of us to continue the input. The "very stable geniuses" - the clowns running this circus - haven't a clue that they are doing exactly what Marx predicted or that it's self destructive.

[-] 1 points by ImNotMe (1488) 3 weeks ago

"Do you feel trapped in a broken economic model that excludes billions of people while making a handful unimaginably rich? That sorts us into winners and losers, and then blames the losers for their misfortune? Welcome to Neoliberalism." ...

e tenebris, lux ...

[-] 1 points by beautifulworld (22912) 3 weeks ago

4 million in UK in deep poverty. Not just poverty, deep poverty and some in "destitution." These are Dickensian conditions and Boris Johnson and his far right wing cabinet are looking to make it worse with a No Deal Brexit that will impoverish Brits even more. Why does he do this? Because he and his economic class will become wealthier.

https://www.theguardian.com/society/2019/jul/29/uk-deep-poverty-study-austerity

[-] 1 points by ImNotMe (1488) 1 week ago

Poverty & Austerity in UK, the world's 5th/6th richest nation is a RW Neoliberal Tory scandal & CHOICE!

spero meliora ...

[-] 1 points by ImNotMe (1488) 4 days ago

''Stop Blaming America’s Poor for Their Poverty''! by Noah Smith:

''In Japan, people work hard, few abuse drugs, crime is minimal and any single mothers are rare. Yet the country still has lots of poverty.''

ad iudicium ...

[-] 0 points by grapes (5232) 3 days ago

Many Japanese work too hard so they stay poor. Rest and leisure are needed for innovations and creativity. Japan's culture of hammering down the nail which sticks out detracts from innovations because by definition, new things are the nails that stick out. Japan lacks the "traitorous" culture which recycles talents fast and effectively into new ventures. Silicon Valley had many many failed companies and even more laid-off or fired people but they recombined in new companies fast. People there seemed to tolerate company failures and valued individuals' talents. I saw some resumés of the people from Silicon Valley. They networked with each other -- there were lots of failures but it only took a few successes to "make it big" financially. Working hard wasn't the reason why I earned vastly more after college graduation than before that. The externalities were extremely important. Frankly speaking, I worked a lot harder while in college than at my first job after college. Technology, capital equipment, and the end market made huge differences. Chairman Mao got the people to work hard for decades but the economy didn't take off until after he had died. "Mao had to die, for China to rise," was verboten but it was indeed a truism as we can all see. The most important end market for China was the U.S. which contributed greatly to the rise of China's economy.

How many Japanese companies have gone bankrupt? Not too many. I'm not saying that bankruptcy is good but it's a sure sign of "striving" which is required for success once hope has sprouted. Japan is suffering from an aging population with a segment surviving in quiet desperation or shall we say "genteel comfort" instead to conform to Red China's "standard?"

It seemed that the Brits by sipping tea and betting on the horses in Hong Kong were doing a better job at ruling in "genteel comfort" than the new owner who is all sweaty and worked up in "exercises." Different time, different breed. 无为治。

Actually, ruling without sweating is an art which takes practice to improve: Take a deep breath and count to ten. Slowly exhale. Inhale. Exhale. Repeat a few times.

The calming perspective for Red China is that all the Hong Kongers who seek and receive asylum protection in Taiwan are voluntarily joining one of Red China's provinces because Taiwan is "not an independent country," "just a province!" Red China is winning more Hong Kongers in its province of Taiwan. Win, win, win Bigly!

In fact, if ALL Hong Kongers were to move to Taiwan, Red China wouldn't need to work at all to reunify Hong Kong. It'd be Done.

It's a great idea to learn from Taiwan which knows a thing or two about defense for sure. An urban pitched battle fought in a mountainous terrain with many nooks and crannies is not a flat TianAnMen Square so easily mowed over by tanks. There would be lots of casualties and it would take a lot of time due to a rebellious population of millions, numerically larger than just about any country's armed forces. Shenzhen is just across the border like a hibernating cicada sucking tree sap quietly for decades (it won't be quiet anymore if Hong Kong has a war going on.) I guess Tank Man after the TianAnMen Square Massacre (天安门广场大屠杀/天安門廣場大屠殺) had happened was probably outraged and saying something like, "Get out of Beijing, my neighborhood!"

Stay positive, everyone. Homer of epic Illiad fame is cute in otiations. Three Cheers for Chairman WoW: U.S.A! U.S.A! U.S.A!

[-] 1 points by ImNotMe (1488) 3 weeks ago

''Your Slavery is their Freedom!'' by George Monbiot:

multum in parvo ...

[-] 1 points by beautifulworld (22912) 3 weeks ago

Neoliberalism promised freedom – instead it delivers stifling control

Freedom is more than just political freedom, which by the way is suspect in the USA when corporations are people too, and our elections are funded by the wealthy and said corporations.

Freedom is also economic freedom because no matter how "free" you are told you are, if you can't live your life with dignity, if you can't spend time with your children or even afford HAVE children, you are not free.

https://www.theguardian.com/commentisfree/2019/apr/10/neoliberalism-freedom-control-privatisation-state

[-] 1 points by ImNotMe (1488) 2 weeks ago

''Truth is many Dem ‘moderates’ prefer Trump to Sanders in a White House race'' by Slavoj Zizek:

Thanx for a strong link & very personal piece by Monbiot. ''FREEDOM'' 'to do' X, Y, Z OR 'from' A, B, C?

veritas vos liberabit ...

[-] 2 points by beautifulworld (22912) 2 weeks ago

"What is going on here is something that all the partisans of Culture Wars and identity politics considered impossible: anti-racists, feminists, and ecologists joining forces with what was considered the “moral majority” of ordinary working people. Bernie Sanders, not the alt Right, is the true voice of the moral majority, if this term has any positive meaning.

So no, the eventual rise of the democratic socialists will not guarantee Trump’s re-election. It was Hickenlooper and other moderates who were actually fedexing a message to Trump from the debate. Their message was: “we may be your enemies, but we all want Bernie Sanders to lose. So don’t worry, if Bernie or someone like him will be the Democratic Party candidate, we will not stand behind him – we secretly prefer you to win.”

BUT Bernie can win:

"But what is even more important is that they are not only the voice of the radicalized young generation. Already their public faces –four young women and an old white man– tell a different story. Yes, they clearly demonstrate that the majority of the younger generation in the US is tired of the establishment in all its versions. Also that they are skeptical about the ability of capitalism as we know it to deal with the problems we are facing, and that the word socialism is for them no longer a taboo." From Zizek article.

http://www.informationclearinghouse.info/52025.htm

[-] 1 points by ImNotMe (1488) 1 week ago

So consider ... ''Has Neoliberalism Met Its Match in China?'' ... by Ellen Brown:

multum in parvo ...

[-] 1 points by DKAtoday (33788) from Coon Rapids, MN 1 month ago

On the bright side (this is snark) employers will soon be able to say that they are doing good works by hiring the homeless (because more and more full time workers are being priced out of their homes) - never-mind the fact that their slave wages made those workers homeless to begin with.

& they are still scratching their asses (close as they can get to scratching their heads) wondering why their market is shrinking.

[-] 0 points by grapes (5232) 1 month ago

We all need lots of stable geniuses during our horsing around. The bigger the stable is, the merrier it is. I don't own any horse so this must suffice. Of course, being a "genius" of the "stable" is flattering to anyone. Why do some wealthy people buy and own ranches? They love horses.

Horses are beautiful and magnificent creatures. All Indo-Europeans or speakers of Indo-European languages should revere how horses had made the Indo-European linguistic family the greatest and most widespread of all linguistic families. Horses can be warm and gentle, give milk as mares, dearest mates in warfare, and as fast as the wind. What other animals are brave and trustworthy enough that we bring them with us into the heat of a battle? Or let them walk us right up to the edge of a cliff?

From Mars<-Mare->Marco Polo<->馬->马->うま, the horse spreads both west and east around Eurasia from the mother horse which gave milk but horse had originated from North America. Yellowstone supervolcano's eruptions probably killed a number of them but the adventurous ones that had wandered far and wide and crossed over Beringia to Eurasia survived and eventually traversed the globe and returned to the ancestral home by sea with the Conquistadors. U.S.A. U.S.A. U.S.A!

Penalty shoot-out score of 1-0 for our women (who have learned competence) is good enough for me to call it quit and being victorious as it's getting very dark and no one can see well. Mom told me that I should come home for lunch when I hear the cannon being fired. When my stomach rumbles like thunders after the 22-0 game victory, I know that it's equivalent to hearing a cannon shot so I'll eat dinner and rest a bit while building connections before another skirmish later on.

In case of a violent conflict, communication links, fuel and munition depots, and transportation hubs must be seized and controlled. Tanks are immobile if they run out of fuel. A less-used-by-commercial-lifeline airport can allow the foreign deliveries of auxiliary equipment. Figure out how every system interacts with its environment via inputs, outputs, and controls. How are the barracks resupplied? Who know how to fire the weapons? Where are the weapons stored? Where are the supply lines for food, fuel, water, munitions, communication? What is the command structure? How are friends or foes identified? Aerial drones can provide intelligence. Never fight a war unprepared for. Study the Chinese Classic: "the Art of War" by Sun Tzu. Know your enemies, where they live, where their children go to school, what surveillance systems they use for restraining the people, where they keep the big data about everybody, who can access the data, how they can be destroyed, where the electricity comes from, where the water needed for cooling to generate the electricity comes from, how the enemies communicate with each other, what equipment (without a physical Nazi Enigma machine having become available to the Allies, Germany might have won WWII; decoding requires intensity and duration of listening so it needs to be started early; the U.S. had broken Imperial Japan's diplomatic codes prior to the Pearl Harbor Attack but the U.S. command structure had flaws transmitting, correlating, and corroborating multiple sources of intelligence) and protocols they use, etc.

All systems can be destroyed by someone knowledgeable about its workings. That's why our Winner-in-Chief has won bigly by having an S-400 air defense system delivered to Turkey, the sentry of NATO, from Russia with Love. It's as if Nazi Germany had sold an Enigma machine to the U.S. prior to WWII. It's hilarious how his love for and coddling of dictators had turned out and how he's struggling with the big data which had originally been collected to restrain and oppress the peoples.

Some "sbenders" actually weave nets with which to bind themselves. The Feral Burro of Incontinence is not supposed to piss in "that direction" but being what it is, like my little kiddie sprayer under the urgent pressure of the liquid gold which I had to deliver to God quickly, it can't help it.

Even all the king's men cannot find all of the damaging data recorded somewhere, somehow, and sometime about the king's shenanigans. The king learns the "genius" of the Bill of Rights in the U.S. Constitution in an agonizingly slow fashion, in a death by a thousand paper cuts. Unreasonable searches and protection of privacy were needed to shield the king himself but of course, no one had anticipated that the king would be so ignorant about what he had sworn to uphold and behaved as if he were above the law (yeah, he is above jury trial but I don't see at all how that's better for him!) so he gets fried and tortured in a mostly unexpected political way only reserved for the king. He uttered, "So help me, God." Could my kiddie, "Holy Shit!" have trumped his if I only had the swear-word vocabulary at the time to effect trumpery?

[-] 1 points by agkaiser (2363) from Fredericksburg, TX 1 month ago

Thank you for your input. We'll call, if we need more help.

[-] 1 points by DKAtoday (33788) from Coon Rapids, MN 1 month ago

Thank you for your input. We'll call, if we need more help.

Did you forget to add = but don't hold your breath

[-] 1 points by agkaiser (2363) from Fredericksburg, TX 1 month ago

no. I reject politely.

[-] 2 points by DKAtoday (33788) from Coon Rapids, MN 1 month ago

Well OK - but - if He (?) does hold his breath till He (it) passes out - - -

[-] 1 points by agkaiser (2363) from Fredericksburg, TX 1 month ago

Consider: the parasitic disease that afflicts the economy and will inevitably kill US is Rentier capitalism.

"Rentier capitalism is a Marxist term currently used to describe the belief in economic practices of monopolization of access to any (physical, financial, intellectual, etc.) kind of property, and gaining significant amounts of profit without contribution to society."

https://en.wikipedia.org/wiki/Rentier_capitalism

Let's be clear. "Without contribution to society," means: they produce no material goods or services, are purely parasitic and whatever usefulness their activity may have is offset by the parasitic nature of their business and profits. That is: it takes so much that the only safe way to do it is on a non-profit basis, of, by, and for the people.

[-] 1 points by beautifulworld (22912) 1 month ago

Unless the gov't makes it law that corporations give employees some percentage of profits so that they can live decently, I'm afraid this whole economic system will eventually tumble.

In the rural town I live in, there is a movement to create "affordable" housing so I looked into it and the cheapest rent is $1600 per month for a one bedroom. Are you kidding me? Jobs around here maybe bring in net $2000/month if you're lucky. Not only can people not afford to live themselves as an individual, they have no chance of supporting a family. Hence, people go into debt and live off debt. It's so gross and it must end.