On 04 May 2014, at 23:46, LizR wrote:
On 5 May 2014 07:38, Telmo Menezes <te...@telmomenezes.com> wrote:
Yes, and this already happened. I would add that capitalism is not
catching up with anything because it doesn't even exist at the
moment. The money supply itself is not under the control of the
market, so the system is non-capitalist at its core. Bitcoin is an
attempt at real capitalism, it remains to be seen if it can survive.
This is true, however real capitalism - free market capitalism -
doesn't work because it doesn't pay the full (i.e. environmental)
price of production.
Free market capitalism just stop to work when it is not free, and when
money is used to hide the fact that the products does not work or have
bad side effects.
At least it hasn't to date, which means so far it's just been a
bubble / ponzi scheme.
It has became like that. The power separations leak.
A system that paid fair wages and the full costs of production, and
had a free market and a government limited to providing
infrastructure could be called successful capitalism (or it could
equally be called successful communism) but we don't have it yet,
We lost it, from time to time.
and until we do we can't claim that we've ever had a system that
works.
Capitalism works very well, unless it get sick. Everything alive can
get think. To attack capitalism, is like judging that blood is the
culprit of cancer, because blood feed the cancer cells. But blood
(money) is not the culprit: it is the cancer cells which pervert the
blood circulation, and it is the bandits which pervert the economy.
Hence my earlier comments about (what we've been calling) capitalism
heading towards the greatest death toll of all, unless we sort out
the encironmental aspects p.d.q.
"Why use non sustainable oil instead of sustainable hemp like we did
since always?" asked Henry Ford in the early years of the 20th century.
Answer: because hemp is the mexican horrible killing drug (was the
answer, based on fake studies, propaganda, etc.).
That's not capitalism, that's banditism. It destroys both bodies and
environment, which are the last things the bandits are concerned with.
Bruno
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