capitalism

this is not a victory for one system over another it is merely the continuation of a process in which all the systems of the twentieth century fail. The weakest failed first, the strongest will fail last, but fail they will.

The Reagan administration won the cold war for capitalism. The US realised they couldnt win the war by military means so they merely kept upping the stakes until they bought communism to its knees, every missile the us deployed put thousands more russians into queues for bread, because where was the USSR going to get money to fund the arms race, from its people. Meanwhile how was the US funding the arms race, by issuing debt. The USSR had no chance but unfotunately in doing so the US were exporting wealth, at first to the Japanese then to the Arabs and the new asian tiger nations.

In order to protect what otherwise would have been falling living standards in the US they continually fed the deficit. At the same time the wealth that was being derived from financial services as a percentage of gdp quadrupled. When people started to question the actions of the markets in the 90s they were shooed away by Greenspan, who claimed any regulation would cause the finacial business to go elsewhere to find a perfect market, a situation other nations would be only to happy to capitalise upon. Weak men stood by and did nothing and allowed the FED to continue unchecked and the markets unregulated. The outcome was inevitable. Now we have the most free market nation nationalising financial institutions. A situation unthinkable just a few months ago. They are removing moral hazard from the system and with it we have the end of capitalism as we know it.
 
i'm very worried by dominionism now that I don't have to worry about economics


<a class="postlink" href="http://en.wikipedia.org/wiki/Dominionism" onclick="window.open(this.href);return false;" target="_blank">http://en.wikipedia.org/wiki/Dominionism</a>
 

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