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OpEdNews Op Eds    H3'ed 5/9/12

Predatory Capitalism Failed

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Predatory Capitalism Failed


Dysfunctional corrupt systems eventually crumble under their own weight.

by Stephen Lendman

Independent observers knew it long ago. Today's global economic crisis provides added confirmation. In 2008, a staunch champion of the system expressed second thoughts. More on him below.

An ideology based on inequality, injustice, exploitation, militarism, and imperial wars eventually self-destructs or gets pushed. 

Growing evidence in America and Europe show systemic unaddressed problems too grave to ignore. They remain so despite millions without jobs, savings, homes or futures.

Imagine nations governed by leaders letting crisis conditions fester. Imagine voters reelecting them despite demanding change. OWS aside, one day perhaps rage will replace apathy in America. The latest jobs report alone provides incentive enough to try and then some.

On May 4, the Labor Department reported 115,000 new jobs. It way overstated the true number. Official figures belie the dire state of things. At most, two-thirds the headline total were created. Even that's in doubt. 

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VISIT MY WEBSITE: stephenlendman.org. Stephen Lendman was born in 1934 in Boston, MA. In 1956, he received a BA from Harvard University. Two years of US Army service followed, then an MBA from the Wharton School at the University (more...)
 

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