Gee, look at them, I lived to see this too: the very capitalists themselves cannot handle the free market :).

There is a natural reason why: the economy growth is always less than the debt growth, when the system is fine-tuned by the greedy for the greedy. All you can do meanwhile is just rename, move or hide the debt until the lights hit you.

Learn, once and for all, that the free market is costly to the public (wage earners), this is the meaning of free in a capitalist system: it’s free for some (it even pays for some), costly for the rest; keep that in memory and in history records.

This bailout is not socialism. The socialist society offers something useful to its citizen, it gives him some guarantees in exchange for the tax paid. No, this bailout only reveals the nature of the capitalist system based on debt with interest: it ultimately relies on public property, by transforming parts of it into private wealth; the rich (read unscrupulous) get the benefits when the show is on, the rest get to pay the failure when the show closes down. This is not socialism, it is capitalism at its peak, without a hat.

After the dust settles, I’m pretty sure there will come a new wave of critters trying to convince us that this is business as usual: capitalist economy comes in cycles (by magic). In fact, the cycle is that bubbles get created and when they burst, the public pays.

This is bad from a humanist point of view, but, I guess, a public which basically agrees with the capitalism as a system should not complain at all about the bailouts: after all the best of the capitalists get protected by redistributing the costs onto the common capitalists, the always there tax-payers. The common capitalist tax-payers should be happy to live by their own choice. I expect only smiles on the street today.

Whatever the socialists say, capitalism has a virtue: you can’t go on with a lie a couple of times larger than your market limits.

I also believe that a long-term solution to this still exists, after leaving these institutions fall (by the way, have you heard anybody explaining how exactly the bankruptcy of Lehman Brothers will affect long-term your bus ticket?): amend your country’s constitution so that no debt grows faster than the average economy, or maybe go full package with the rules of humanism; either way, I expect the “cycles” will no longer repeat, except when they are linked with the rhythms of nature.

This entry was posted on Friday, September 26th, 2008 at 6:25 am and is filed under humanist. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.