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The Wall Street-Treasury Complex as
Counterpart to the Military-Industrial ComplexBy Norman D. Livergood
Capitalism is based on the private ownership of the means of production--the farms, factories and service industries. Capitalists make profits on their investments, instead of selling their labor power like the working class. The United States at present is primarily a capitalist economy, though some means of production are publicly owned.
A nation with a capitalist economy can, under the proper leadership, facilitate democratic freedoms and create a high standard of living. However, with the kind of leadership the U.S. has suffered under for several decades, capitalism becomes a tyranny in which the moneyed class loots the nation, while the working class suffers lower wages, higher prices, decreased constitutional liberties, and chronic unemployment. This latter kind of exploitative economy is most accurately called "vulture capitalism," and we are seeing it now in full view with the fascistic tactics of the Bush administration.
The U.S. is a "consumer society" in which workers must buy and sell to live. Every part of life becomes a commodity, something to be bought and sold, whether it is a computer, the latest automobile, sporting or technological skills, sex, or our ability to work. In essence, capitalism is "generalised commodity production," the transforming of all life into a "thing," something to be owned or traded.
Vulture capitalists call this commoditization of human life the "free-market-system" and force it on nations throughout the world. When this "system" fails, the vulture capitalists send in their carefully-selected Harvard economists to see that the nation's financial ruin is complete. In 2001, Argentina was the last in a long list of nations which have fallen prey to the ravages of vulture capitalism: currency-manipulation, asset-stripping, and factories and products sold at pennies on the dollar.
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http://www.hermes-press.com/vulture.htm