Economic systems that exploit and plunder can't endure.
by Stephen Lendman
Economic/financial systems dependent on wars and predation eventually self-destruct. Western capitalism is no exception.
Money power runs things. War profiteering is policy. Ordinary people have no say. Exploiting them for profit is prioritized. Divisions between rich and poor grow. By some measures they're unprecedented.
Money power in private hands and democracy can't co-exist. Banking giants transformed Western societies into vehicles for wealth extraction. Corrupt politicians facilitate their criminality. In return, they're rewarded handsomely.
Paul Craig Roberts wrote about "The Collapsing US Economy and the End of the World." Can societies survive Washington's hubris, he asked?
Federal policy destroys people politically, militarily and economically. Few benefit at the expense of most others. Washington grows more "isolated and despised." Europe "is on the ropes" and sinking.
Wars rage endlessly. Victories are elusive. Options perhaps are down to "the elimination of life on earth. Is this Washington's program," asked Roberts.
Former Secretary of State Madeleine Albright once said what good are nuclear weapons if you don't use them. Roberts quoted neocon warmonger Bill Kristol saying the same thing.
Formerly he served as vice president Dan Quale's chief of staff. He's now a Fox News regular. He and others like him want to blow up the world to exploit it.
These types run America and Western societies. They also conspire with bankers to steal us blind. John Kozy is a Progressive Radio News Hour regular. His latest article headlined "How the Economy Works; the Necessity of Crime."
Forget about love. Money and fraud make the world go round. Roberts explained in discussing libor and other grand schemes. Kozy said "(w)hether people benefit or are injured is never an economic concern." They're "irrelevant."
Commercial enterprises commit crimes. Growth depends on it. So does GDP. Economies are disconnected from people and their welfare. Money made by stealing it or destroying things works better than by operating honestly.
Western economies are "totally immoral." Kozy quoted a financial advisor saying:
"As investors, we absolutely must not let our political beliefs, the news media, or anything else stand in the way of our quest to grow our hard-earned money into (more of it for) lasting wealth."