It is the failure of economic understanding that labour is deprived wages, land is scoured of rent, and capital(savings) is(are) denied interest. What passes as capitalism, isn’t, it is the machinations of corporate management that has slipped the leash of restraint.

Once government acted to provide a level playing pitch between the economic actors, but that government was subverted by political deception. It is very important to illuminate those deceptions, and that is why I find conspiracy theorists a hinderance to understanding. YMMV here as well.

Who said it?

The seeds of this were a long time germinating and only hastened by the greedy bush bots who took the reigns of government and had a feeding frenzy using the US treasury – tax payer’s money to privatize everything and make commerce a cash cow for capital.

Labor lost its footing and has been trampled nicely by capital. While they walked away with enormous wealth (essentially stolen), they killed the goose that laid the golden egg. Capitalism is on life support and and headed for the mortuary. It’s demise is inevitable and embedded in the “greed” essential to make it work. How many times have you heard, If you can’t make a profit… why get out of bed in the morning? Of course, workers, get out of bed and are EXPLOITED and used to create profit/wealth for capital – the owners of industry and essentially labor. So we have feudalism or slavery renamed – free market capitalism.

What’s next? First people have to accept that the capitalist model is not going to work unless there is plenty of regulation of industry, a strong and powerful labor sector and and economy driven by the NEEDS of people more that the need for WEALTH creation of capital and “share holders”.

We need a socially conscious and responsive economic system to the needs of the PEOPLE. This doesn’t mean that government will control and interfere with your lives, but it means that they will be watching out for your best interests – something very new, despite the past rhetoric.

Who will be the first to declare that free market capitalism is not serving the people of a democracy and of the world at large?

Capitalists had wet dreams when then idea of globalization allowed them to move to low cost unregulated labor markets offshore. They used it to crush labor, make profits soar and rise up the Chinese economy. Now the Chinese own all our debt – they lend us so we can pay for what they produce for us. We get their junk, sink into debt and they get control of all the dollars. We are locked in a mutual dependancy economically. They need us to buy their products to keep their economy going, but we are becoming the debtors. They have all our jobs, all our manufacturing and have left us without good work, but with a lifestyle that thrives on debt. We have lived well beyond our means and can no longer spend as we can’t afford to service our debt. China will redirect their economy inward and take care of her people and we will be left in debt with no industrial capacity.

Capitalists have played the last card in their hand. They lost. No one else to exploit!