Category Archives: Capitalism

Wait for It… “It’s Capitalism’s Fault!” By Max Borders

Whatever is left of capitalism usually suffers some sort of pollution by governmental bodies. Yet, this quasi-capitalism is blamed for most of the world’s ills. Governments are rarely called to account. From Max Borders at aier.org:

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all. – John Maynard Keynes

An economic crisis looms. When the brown matter hits the proverbial fan, the blue-check commentariat will blame “capitalism.” So we have to remain vigilant.

In fact, they’ve already started.

I use scare quotes because so few clearly define what “capitalism” is, and fewer still know how it works. Particularly when they use the F word.

As with neoliberalism, “capitalism” is more or less a smear used by those who hate that which they neither understand nor have a hand in creating. Ignorance as a rhetorical strategy works mainly because the masses have become more credulous and ignorant with each passing year. Critics simply have to indicate some socio-economic phenomenon they don’t like and blame the c-word.

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The “Great Reset”: A Blueprint for Destroying Freedom, Innovation, and Prosperity, by J.B Shurk

Totalitarianism such as that embodied in the Great Reset destroys everything that makes life worth living. From J.B. Shurk at gatestoneinstitute.org:

  • Notice that no nation has managed merely to print money and tax its citizens on the path to prosperity. Real wealth cannot simply be conjured from thin air. There must be recognized value in what a nation and its citizens possess.

  • More than any other source for national wealth, however, one towers above the rest: innovation. The ability of the human mind to create something new and valuable provides society with endless wealth creation…. Innovation is the magic sauce for generating wealth.

  • Humans struggling merely to survive in the world do not waste time, labor, or resources on projects that offer no prospect for future reward. Humans working as servants to the state under centrally controlled economies have no incentive to innovate. Only when private ownership and personal liberty combine can human innovation flourish. Freedom is the secret ingredient to innovation’s magic sauce for increasing wealth.

  • A country whose institutions do not respect property rights or whose customs do not value freedom will remain a barren desert for human innovation. In this way, nations have a great incentive to liberalize over time. Should they not, they quickly become financially and militarily vulnerable to more innovative and wealthier nations. Observing this simple truth, classical liberals have always understood free markets as the gateway to human emancipation. Economic self-interest, in other words, ultimately leads to expansive human rights and liberties across the planet.

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Poke and Sniff: A Lesson from 1906, by Jeffrey A. Tucker

True capitalists, as a rule, don’t kill off their customers, unlike governments. From Jeffrey A. Tucker at brownstoneinstitute.org:

In 1906, Upton Sinclair came out with his book The Jungle, and it shocked the nation by documenting the horror of the meat-packing industry. People were being boiled in vats and sent to larders. Rat waste was mixed with meat. And so on.

As a result, the Federal Meat Inspection Act passed Congress, and consumers were saved from ghastly diseases. The lesson is that government is essential to stop enterprise from poisoning us with its food.

To some extent, this mythology accounts for the wide support for government’s involvement in stopping disease spread today, including Covid and the catastrophic response.

Not only that, but the story is also the basis for the US Department of Agriculture’s food inspection efforts, the Food and Drug Administration’s regulation of medical drugs, the central plan that governs food production, the Centers for Disease Control and Prevention, and the legions of bureaucrats who inspect and badger us every step of the way. It is the founding template for why government is involved in our food and health at all.

It’s all premised on the implausible idea that people who make and sell us food have no concern as to whether it makes us sick. It only takes a quick second, though, to realize that this idea just isn’t true. So long as there is a functioning, consumer-driven marketplace, customer focus, which presumably includes not killing you, is the best regulator. Producer reputation has been a huge feature of profitability, too. And hygiene was a huge feature of reputation — long before Yelp.

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What Is The “Council For Inclusive Capitalism?” It’s The New World Order, by Brandon Smith

True capitalism is inclusive for all those who produce. It’s a big club and you can be in it. From Brandon Smith at alt-market.com:

The idea that there is an agenda for global government among the financial and political elites of the world has long been called a “conspiracy theory” within the mainstream and the establishment media. And sadly, even when you can convince people to look at and accept the evidence that banking institutions and certain politicians work together for their own purposes, many folks will STILL not entertain the notion that the ultimate goal of these power mongers is one-world empire. They just can’t wrap their heads around such a thing.

People will say that the establishment is driven by greed alone and that their associations are fragile and based only on individual self interest. They will say that crisis events and shifts in social and political trends are random, not the product of deliberate engineering. They will say that elitists will never be able to work together because they are too narcissistic, etc.

All of these arguments are a coping mechanism for the public to deal with evidence they cannot otherwise refute. When the facts become concrete and the powers-that-be admit to their schemes openly, some people will revert to confused denial. They don’t want to believe that organized evil on such a scale could actually be real. If it did, then everything they thought they knew about the world might be wrong.

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Doug Casey on the Rapid Cultural Decline and What Comes Next

Western Civilization and the ideas that truly made America exceptional are under full frontal intellectual and political assault. From Doug Casey at internationalman.com:

International Man: Nations in decline often experience cultural degeneracy. We saw that in the Roman Empire and Weimar Germany, for example.

Today, in the US, we see increasing signs of cultural degeneracy in Hollywood, advertisements, academia, science, corporations, politics, and other areas of life.

What is your take?

Doug Casey: There have been a number of major turning points throughout history. Rome in the third century was one of them. It was a period of economic, political, and military chaos, aggravated by the social chaos accompanying the rise of Christianity. These things set the stage for the complete collapse of the old civilization in the West with the barbarian invasions after Adrianople in 378.

The Renaissance changed the nature of life in Western Europe starting in the 15th century, as did the Enlightenment in the 18th century. And, most important, in many ways, the Industrial Revolution overturned the pre-existing economic order starting in the early 19th century.

Whenever the public was in a frenzy about something or other, my friend Herman Kahn (look him up) liked to quip, “There are only two important things that have happened since the dawn of history—and this isn’t one of them.” He was referring to the Agricultural Revolution around 5000 years ago and the Industrial Revolution. It’s good to keep things in perspective…

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The Coming Global Fracture as Economic Orders Clash, by Michael Hudson

It’s a battle between state-directed economic philosophies. From Michael Hudson at unz.com:

“Taken from an interview with the newly founded German magazine “ViER” which will be published in August 2022.” ViER (FOUR), stands for the media as fourth power in checks and balances).

(1.) Prof. Hudson, your new book “The Destiny of Civilization” is out now. This lecture series on finance capitalism and the New Cold War presents an overview of your unique geo-political perspective.

You talk about an ongoing ideological and material conflict between financialized and de-industrialized countries like United States against the mixed-economies of China and Russia. What is this conflict about and why is the world right now at a unique “point of fracture” as your book states?

Today’s global fracture is dividing the world between two different economic philosophies: In the US/NATO West, finance capitalism is de-industrializing economies and has shifted manufacturing to Eurasian leadership, above all China, India and other Asian countries in conjunction with Russia providing basic raw materials and arms.

These countries are a basic extension of industrial capitalism evolving into socialism, that is, into a mixed economy with strong government infrastructure investment to provide education, health care, transportation and other basic needs by treating them as public utilities with subsidized or free services for these needs.

In the neoliberal US/NATO West, by contrast, this basic infrastructure is privatized as a rent-extracting natural monopoly.

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“Toto, I Don’t Think We’re in Kansas Anymore”, by Jeff Thomas

Capitalism is the economic system of free people, which means the U.S. has not had capitalism for a long time. Nonetheless, those who want to tear down the present system persist in calling it capitalism. From Jeff Thomas at internationalman.com:

Recently, an American colleague commented to me, “We no longer live in a democracy but a dictatorship disguised as a democracy.”

Is he correct? Well, a dictatorship may be defined as “a form of government in which absolute authority is exercised by a dictator.”

The US today is not be ruled by dictatorship (although, to some, it may well feel that way.)

But, if that’s the case, what form of rule does exist in the US?

At its formation, the founding fathers argued over whether the United States should be a republic or a democracy. Those founders who later formed the Federalist Party felt that it should be a democracy – rule by representatives elected by the people. Thomas Jefferson, who created the Democratic Republican Party, argued that it should be a republic – a state in which the method of governance is democracy, but the principle of governance is that the rights of the individual are paramount.

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Death of a Nightmare: The Last Gasps of Poseur Politics, by Duggan Flanakin

At some point people tire of the lies, and get rid of the people telling them. Just ask the folks at CNN. From Duggan Flanakin at americanthinker.com:

According to psychiatrist Seth D. Norrholm, dictators see themselves “as ‘very special’ people, deserving of admiration, and, consequently, [they] have difficulty empathizing with the feelings and needs of others; they also tend to behave with a vindictiveness often observed in narcissistic personality disorder.”

In other words, they are nuts. And dangerous. And in power.

Norrholm, who is currently scientific director, NeuroCAST, at Wayne State University’s Department of Psychiatry and Behavioral Sciences, and Dr. Sam Hunley, now a program analyst with the U.S. Department of Agriculture, wrote in 2016 that highly narcissistic individuals require excessive admiration to remain happy and are more likely to try to punish those individuals who negatively evaluated their work.” [emphasis added]

The dictatorial nature of climate extremists (who repeat the mantra that the Earth has only X number of years — or weeks — left to take super drastic actions or we are all doomed) is evidenced by both their falsification (manipulation) of historical records and their apocalyptic demands, which have been quite successful. Fear is a powerful weapon. Resistance, they insist, is futile — and those who resist are worse than murderers. They are planet killers.

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Socialism: Opiate of the Masses, by Jon Rappoport

The deeply held beliefs of socialists generally find no support in history or logical analysis. That, of course, has never stopped a socialist. From Jon Rappoport at lewrockwell.com:

Let’s get something straight. There is no pure form of socialism, where “the government owns the means of production.”

The means of production own the government, and vice versa. It’s always collusion. Elite power players stitch themselves together like a walking Frankenstein corpse.

Socialism can be done with a smile or with guns and jails. Styles vary.

For example, the Council on Foreign Relations [CFR] believes an international “joining of hands across the water” would be just dandy.

You could call the CFR’s agenda socialism or Globalism or fascism or dictatorship or the corporate state—it doesn’t matter. For the sake of brevity, call it socialism.

At street level (not within the CFR), every proponent of the socialist “solution” either has no idea who installs it and runs it, or astonishingly believes “the government” can be transformed into a beneficent enterprise and shed its core corruption, as it takes the reins of absolute power.

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Corporate-State Fascism Is Already Here, by Good Citizen

This writer does not make the common mistake of mistaking current corporate-state fascism with capitalism. The two are poles apart. From Good Citizen at thegoodcitizen.substack.com:

Long live capitalism.

Brought to you by…

“Fascism should more properly be called corporatism because it is the merger of state and corporate power.” — Not Benito Mussolini, but still true.

Corporations have been controlling governments across the west to varying degrees since there were governments to control. Today this happens with back room deal making, revolving doors of executives shuffling between board rooms and government agencies charged with that industry’s oversight and then back to the board room. It happens through funding research with corporate grants and state subsidies in what is now called ‘regulatory capture’.

We do not call ‘regulatory capture’ bribery or corruption. We do not even call bribery or massive corruption in government by its real name, we call it “lobbying”. We do not call the lateral move from corporation to government agencies on behalf of that corporation’s industry corruption, we call it “public service”. No matter how large the speaking fees or how many millions in stock options await the public servant they are apparently still serving the public and not the corporation.

When politicians take millions in contributions from corporations we do not call that corruption either, or bribery, we call it “campaign financing” through “political action committees”. No matter how many millions the politician raises through these legal mechanisms we are still supposed to believe they will serve the voters and not their financial contributors.

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