yorknomore
Well-Known Member
Oh shit! I haven't got a solution to the Middle East crisis, well I'm in good company then, what I do know is we'll not bomb our way to a solution that's for sure.
As for capitalism, it's is the best mechanism for generating wealth bar none, but it's piss poor in distributing it, and increasingly piss poor at generating jobs that pay enough for a sizeable proportion of our population to live on, that's why the tax payer subsidises wages to the tune of billions, a direct subsidy to employers, we can generate the jobs but they don't add to our tax yield we have to top these wages up.
Capitalism left to it's own devices, particularly our "Anglo Saxon" version extracts too much in short term dividend and invests too little in growth, we need to look to the German model and we need a "national investment bank" we also need a "manufacturers bank" offering preferential rates to manufactures as they do in the Far East to address our over reliance on the financial sector. We need to ditch this austerity crap which just starves the economy of demand and instead embark of a massive infrastructure building programme preferably away from the South East. if we pump up the deficit who cares, we're doing that now any way to cover the social cost of failure. Money has never been so cheap, the world is awash with it looking for a safe return at record low rates, if we borrow to invest in productive capacity the economy grows and the debt shrinks. At present our debt (despite Tory boasts) has barely budged while growth in any meaningful sense for you and I is stagnant.
Good post mate, do you or can you see the way capitalism is run and wealth distributed changed in our lifetimes? Have the people at the top got it so locked down that nothing will change? If we have our own arab spring which form would it come in? I wouldn't want one like they have just had for sure.
Too many people on the planet hungry for resources whilst the very few farm us like animals and every political system designed to fail and be replaced by the last one that failed, the cycle just rolls on no matter how we try to change it. Optimism isn't my forte I suppose and I have seen too many promises broken and altruistic edicts fade like fog when the cash or power kick in.
I have leaned to grin and bear it knowing that no matter what I do it will not be heard unless it's on a local level if I am lucky, I am an anonymous unimportant carbon based life form who after 50 years of my death nobody will know existed.