Today’s crisis represents a classic Kondratieff boom to bust wave, and one driven by private central banking’s explosion-to-implosion of debt-money and credit feeding a parasitic and unproductive capitalism in their own self-interest.
To the extent of a societal factor imbalance by either labor or capital the entire socio-economic structure is deformed and destined for collapse either via capital’s growth and predation or labor’s collapse of private initiative and innovation. The only way back from this trap is to begin a real restoration of the political and economic power of the vast, wage-earning, majority. After all, only that can be called democratic, fair, and protective of society and environment.
Another big problem, however, lies in capital’s control of our media - despite our ownership of the airwaves. We are now subject to capital’s ownership of editorship in major corporate media (see EditorFreedom.com). As a result, we are bombarded with "free market" propaganda in which the power of capital is ritualized, oligarchy is buried, and "populism" is trashed since it might actually mean rule by a wage-earning majority.
While the internet is a godsend in educating many today as to their true history, condition and sufferage, a very large percentage of us still depend on network news for our worldviews... and that is a big problem in overcoming misunderstanding of our "free market " dilemma, much less even hearing of any real options favoring the wage-earning majority.
While the election of Barack Obama does bring some hope it is now becoming evident that he is surrounding himself with the same phony "new democrat" crowd and establishment sycophants as the Clinton and Bush administrations. The outlook for real change is now growing dimmer.
It may be that our dire circumstances leading to bankruptcy and depression will provide a window of opportunity to change the factor equation, and the very nature of the marketplace. If not, then a global banking-elite gulag looms that may well send us into the streets - only to meet the private Blackwater armies funded with our tax dollars to protect the ruling establishment.
I wish I could be more optimistic at this juncture but I do not yet see signs of true hope that we can peacefully break free of capital’s stranglehold on our lives, economy, and society... much less discuss the options. I hope I’m wrong.
Kent Welton,
PublicCentralBank.Com
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