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Wed Aug 1, 2012, 11:02 PM

"Our economic ruin means freedom for the super-rich" by George Monbiot at the Guardian

Our economic ruin means freedom for the super-rich

by George Monbiot at the Guardian

http://www.guardian.co.uk/commentisfree/2012/jul/30/economic-ruin-super-rich-totalitarian-capitalism

"SNIP..................................

Above all, the neoliberal programme has closed down political choice. If the market, as the doctrine insists, is the only valid determinant of how societies evolve, and the market is dominated by giant corporations, then what big business wants is what society gets. You can see this squalid reality at work in Cameron's speech last week. "We have listened to what business wants and we are delivering on it. Business said, 'We want competitive tax rates,' so we are creating the most competitive corporate tax regime in the G20 and the lowest rates of corporation tax in the G7 …". What about the rest of us? Don't we get a say?

The neoliberal hypothesis has been disproved spectacularly. Far from regulating themselves, untrammelled markets were saved from collapse only by government intervention and massive injections of public money. Far from delivering universal prosperity, government cuts have pushed us further into crisis. Yet this very crisis is now being used as an excuse to apply the doctrine more fiercely than before.

So where is the economic elite? Counting the money it has stashed in unregulated tax havens. Thirty years of neoliberalism have allowed the super-rich to detach themselves from the lives of others to such an extent that economic crises scarcely touch them. You could see this as yet another market failure. Even if they are affected, the rich are doubtless prepared to pay an economic price for the political benefits – freedom from democratic restraint – that the doctrine offers.

A programme that promised freedom and choice has instead produced something resembling a totalitarian capitalism, in which no one may dissent from the will of the market and in which the market has become a euphemism for big business. It offers freedom all right, but only to those at the top.

.................................SNIP"

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Reply "Our economic ruin means freedom for the super-rich" by George Monbiot at the Guardian (Original post)
applegrove Aug 2012 OP
truedelphi Aug 2012 #1
cbrer Aug 2012 #2
bemildred Aug 2012 #3
tk2kewl Aug 2012 #4
kenny blankenship Aug 2012 #5
kenny blankenship Aug 2012 #6
midnight Aug 2012 #7

Response to applegrove (Original post)

Thu Aug 2, 2012, 12:05 AM

1. Monbiot nails it. If the Basic Economic Doctrine is that the

"Too Big To Fail" Crowd must succeed, regardless of how much it means that everyone else suffers, then a spin off corollary must also be acknowledged: too small to succeed.

But as more and more people understand the Doctrine and its spin off corollaries, there is more and more of a likelihood that there will be ongoing protests.



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Response to applegrove (Original post)

Thu Aug 2, 2012, 03:45 AM

2. Sure, if freedom means

 

Living behind a wall. The police will get in on this action if it gets bad enough.

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Response to applegrove (Original post)

Thu Aug 2, 2012, 09:27 AM

3. Exactly:

“Men nearly always speak and write as if riches were absolute, as if it were possible, by following certain scientific precepts, for everybody to be rich. Whereas riches are a power like that of electricity, acting only through inequalities or negations of itself. The force of the guinea you have in your pocket depends wholly on the default of a guinea in your neighbors pocket. If he did not want it, it would be of no use to you; the degree of power it possesses depends accurately on the need or desire he has for it, – and the art of making yourself rich, in the ordinary mercantile economist's sense, is therefore equally and necessarily the art of keeping your neighbor poor.” – John Ruskin “Unto the Last”

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Response to applegrove (Original post)

Thu Aug 2, 2012, 10:17 AM

4. K&R

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Response to applegrove (Original post)

Thu Aug 2, 2012, 04:18 PM

5. Indeed, they will live as the freest* men to have ever walked the Earth

right up until the moment they vanish under it.

(* according to their definition of freedom, the definition currently accepted in the US and Western world generally, which is simply the ability to act with unlimited contempt for the needs and freedoms of others while pursuing your own material interests, without fear of retaliation.)


They reigned over the Earth, with its every beast as their prey, with nothing to fear - save another of their predatory kind, larger and more quick to murder.

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Response to applegrove (Original post)

Thu Aug 2, 2012, 04:36 PM

6. " ...unregulated tax havens. "

Finally, a good and just use for those expensive Marine Amphibious Assault Ships presents itself.

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Response to applegrove (Original post)

Fri Aug 3, 2012, 02:19 AM

7. The elite were free to socialize their bad, greedy debt, and then hide the cash infusion

to get the economy going via the TARP money... They should be in front of a judge..

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