Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus 4 Share on Twitter Share on Facebook 10 Share on LinkedIn 1 Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon 1 Tell A Friend 5 (21 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   9 comments
OpEdNews Op Eds

Cancer Capitalism

By       Message Mark Taliano     Permalink
      (Page 1 of 3 pages)
Related Topic(s): ; ; ; ; , Add Tags Add to My Group(s)

Must Read 4   Supported 3   Well Said 2  
View Ratings | Rate It


- Advertisement -

Prof. John McMurtry's The Cancer Stage of Capitalism/From Crisis to Cure provides a comprehensive diagnosis and cure for the cancer that is currently metastasizing throughout the globe. The op-ed below features an abridged discussion of the as yet largely undiagnosed cancer, and some cures that should be immediately implemented

Neoliberal capitalism is a cancer that metastasizes on its host, the public sphere, and destroys it, every time.

Deregulated banking is an example of neoliberalism. Previously in the U.S, the Glass Steagall Act, and related regulations, served as a firewall between commercial banking, depositors' money and casino shadow banking. Casino banking is banking based on bets: hedge funds, derivatives, etc.

- Advertisement -

The human cost of deregulated banking can include mass starvation .[i]

The absence of a firewall between depositors' cash and casino banking was also a catalyst for the 2007-08 financial crisis, where the perpetrators were rewarded with gargantuan public bailouts. Remarkably, structural changes have yet to be made to avoid future crashes.

- Advertisement -

Monopoly capitalism is a hallmark of the disease. When Monsanto wins, we lose. Instead of investing in monopoly agriculture cash crops which displace smallholders, reduce food sovereignty, and require high carbon inputs, we should be investing in food sovereignty, smallholders, biodiversity, and healthy, local food.

Neoliberalism means that the cancer of the bailed-out "private" sector expands its markets by making inroads into what should be sacrosanct public services -- all to the detriment of public health, and the economy.

P3 schemes, where the bailed out private sector "partners" with public sector (ie P3 hospitals) always cost more. [ii] The public treasury invariably loses money, citizens pay more for less, many citizens lose access to essential services, while poverty and negative health outcomes surge.

A "cure" would include pharmacare and universal healthcare, but private insurers, increasingly protected by corporate sovereignty deals like NAFTA, (and soon TPP, and CETA?) don't want a cure. There's more money in the disease.

Big Pharma wants its private profits, even as people die through increasingly inaccessible, unaffordable medications and services. [iii]

- Advertisement -

Deregulated Big Oil is another malignant cancer that is heavily subsidized by the public even as it destroys the habitable planet and the economy. Environmental regulations are trashed, [iv] spills (atmospheric and land-based) occur, atmospheric CO2 rises, and global warming is increasingly catastrophic.

Alberta's tar sands are a deregulated disaster. [v] Profits leave, the government runs deficits, while people and the environment die.

Extra parliamentary corporate sovereignty treaties (referenced earlier) are also a cancer. Transnational "deals" enable the offshoring of well-paying jobs to low wage countries that have weak social infrastructures (conditions often created by the West through illegal coups and invasions)[vi]

Every country recently invaded ie Iraq,[vii] Libya,[viii] Syria,[ix] previously had advanced social infrastructures, including healthcare, accessible schooling, and affordable housing. National resources and public banking were used to advance the health and welfare of their societies.

These countries and their people are being destroyed so we can bring them Big Pharma, Big Finance, Big Oil, and other metastasizing models and monopolies that will control and impoverish them.

Next Page  1  |  2  |  3


- Advertisement -

Must Read 4   Supported 3   Well Said 2  
View Ratings | Rate It

Retired high school teacher, writer, activist

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Western-Imposed Holocaust

Harper Government Destroys Canada's Knowledge Base With A View To Re-Creating "Canada"

Universal Healthcare Dies with a Whimper

Government Propaganda and Media Deception of the Public

Establishment Lies And Crimes Are Leading Us To The Unthinkable

The Liberation of Deir Ezzor. Remorseless in Defeat. The West Evacuate ISIS Commanders