The End of Capitalism Has Begun

CapitalismEveryone should read Paul Mason’s article in The Guardian titled, The End of Capitalism Has begun. It’s full of ideas and observations, many of which are intuitive but others came as a complete surprise. It’s long but well worth reading to the end.

The premise is, of course, that Capitalism is unsustainable and is in fact already being taken over by a new and more logical model which the author calls Post-Capitalism. The key element of Post-Capitalism is the explosion in the accessibility of information in the age of computers and the internet. One observation Mason makes is that information does not fit into the tradition business model of Capitalism. To put it succinctly: What do you charge for information? The traditional model would charge based on the scarcity of the product—the more rare it is, the more it costs—but information is everywhere and can easily be accessed. As the information grows, if you follow the traditional pricing method, the product will get cheaper and cheaper until the business can no longer support itself and goes under. Capitalism is eating it’s young.

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Cheer Up, America

An informative and well-reason piece from Politico by Michael Grunwald on the day before Christmas:

TimGood news! The U.S. economy grew at a rollicking 5 percent rate in the third quarter. Oh, and it added 320,000 jobs in November, the best of its unprecedented 57 straight months of private-sector employment growth. Just in time for Christmas, the Dow just hit an all-time high and the uninsured rate is approaching an all-time low. Consumer confidence is soaring, inflation is low, gas prices are plunging, and the budget deficit is shrinking. You no longer hear much about the Ebola crisis that dominated the headlines in the fall, much less the border crisis that dominated the headlines over the summer. As Fox News host Andrea Tantaros proclaimed earlier this month: “The United States is awesome! We are awesome!”

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We the people vs. the wealthy few

On Sunday 1 July Dave Johnson published an article in Nation of Change that I have included below. How obvious does it have to be so that Americans realize that the American Democracy is over and that most citizens are merely wage-slaves to the plutocrats and fascists?

It seems to me that Romney’s promise to “fix the economy” would not be in his own best interest and there’s one thing about Mitt, he will do is anything that is in his personal best interest. Sounds like a conflict on day one: I wonder who will win out, the rich and super-rich or the rest of us?

Here Is Why the Elites Are Not Fixing the Economy

The reason our leaders are not doing anything to fix the economy is because,  from the viewpoint of our real leaders, the economy is working just fine. 

When we had democracy, We, the People made the rules and we ran our country and our economy for our benefit. Now that we are a plutocracy things are different. The reason our elites are not doing anything to fix the economy is because from their viewpoint, things are just fine.

Merriam-Webster:

plu·toc·ra·cy noun \plü-ˈtä-krə-sē\

1: government by the wealthy
2: a controlling class of the wealthy

Our political leaders dance with the ones that bring them. Increasingly they are dancing with the billionaires and their giant corporations.

Our politicians are doing and saying increasingly incomprehensible things. The separation from regular people is unbelievable. But in politics you “dance with the one that brung ya,” and these things become comprehensible and believable when you look at who is bringing them to the dance.

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