Straitjacket for Capital
Capitalism is like fire. While it is burning in the fireplace, it warms us.
But now the fire had spread to our room. It is as ruthless and soulless as it was when it burned in the fireplace. Our task is to extinguish the fire and keep the fire in the fireplace. Let it continue to warm us. And we ourselves need to do a major overhaul of our home.
Limitation of capital's power occurred in the past as society evolved. First joint-stock companies - such as the "Dutch West India Company" - had their own navy and army, waged wars, and is guilty in genocide of entire nations. The slave trade, too, was based on purely market relations of supply and demand. But the power of capital was limited in the past - genocide and the slave trade are now considered a crime.
In the future, further restrictions on the power of capital are required, especially in the fields of finance, weapons, medicine, genetics, big data, digital technology and artificial intelligence.
Despite the obvious limitations, all countries are now under the dictatorship of international financial capital. The diktat is not carried out by some shadow government, but by the collective interests of bankers and international corporations - people of Davos. Organisations such as the IMF, The World Bank and the FED have a hand in this too. There is a need to reduce this power and subordinate it to the political interests of the voters and their ideology.
Continue: Social justice and economic health
Content:
Straitjacket for Capital
Social justice and economic health
Debt & credit cycles
Financial system
Tax Reform
Globalization
Citizens' Dividends
tomy_potter@protonmail.com