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Economics Trumps

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Predictions by those who are aware of this paradigm over the past several years are uncannily close to exactly what is taking place. So how long are we going to rely on these huge corporations so trickle down the wealth???? Must we completely destroy our economy before we realize that Friedman was wrong and that a monopoly market is not the same as a free market? Must we allow 25%, or 30% or 40% unemployment before we realize our economy is no longer working? If not, at what unemployment rate do we actually do something? In the back of your minds please remember that the economy and the political structure are tied together. At some point if the unemployment rate gets too high, our political stability will degrade or dissolve altogether. If I read the mainstream media news correctly, i.e. the news published by the very same monopoly corporations that are benefiting form this economy that is exactly what they want. When the economy utterly fails to provide adequate jobs for a majority of the nation, we will have the same situation that existed in Germany in the late twenties and early thirties, in other words, a condition ripe for massive political shifts. It is in times like these that we have seen the rise to power of dictators. We have seen populations and public opinion molded by fanatics who offer relief to desperate citizens in the form of dictatorial regimes that subvert all forms of freedom and political expression. We have seen the rise of the world's greatest tyrants.

We are living in a time where our garden has been made fertile for weeds of tyranny to take over. The signs are everywhere and the unemployment figures are the driving force that will thrust us into a living hell of political and social instability. Against the backdrop of diminishing resources, rising world poverty, degrading environment and increased disease, we are playing with a virtual powder keg of human suffering. One small match could ignite the mother of al firestorms and blast our nation, our world and human society back several centuries, if not to the stone age.

So as you prioritize your political agenda, as you decide between which causes are the most important to fight, against which evils are important to struggle, remember that the economic storm we face at this very moment is threatening to trump all other issues and vastly transform life as we know it. If we ignore this issue for any longer, it will overtake and overwhelm us long before any other crisis we face today.

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An economist for 34 years I have remained committed to social justice and economic equality for as long. As long as we keep voting in Tweedly-Demos and Tweedly-Repugs nothing will change. The only way we can affect the political structure is to (more...)
 

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Who Pays the Economist? by Jason Paz on Tuesday, Oct 6, 2009 at 6:49:47 AM
OK Paz........ by Ernest on Tuesday, Oct 6, 2009 at 8:27:25 AM
Economists are not policy makers by Jeffrey Rock on Tuesday, Oct 6, 2009 at 9:47:26 AM
In some trouble here... by Adam Smith on Tuesday, Oct 6, 2009 at 10:25:07 AM
Billy Clinton's Smoke and Mirror Unemployment Stats by Carte Dumonde on Tuesday, Oct 6, 2009 at 11:58:12 AM
OBAMAGEDDON:BUSH 3 FINISHING WHAT "W" DIDN'T HAVE TIME FOR by liecatcher on Tuesday, Oct 6, 2009 at 8:26:42 PM
Yes...the death of two billion by Jeffrey Rock on Tuesday, Oct 6, 2009 at 9:36:17 PM
An Alternative to Capitalism? by John Steinsvold on Tuesday, Oct 6, 2009 at 9:04:49 PM