HowardIs Government Credit the Way to Go?
February 1st 2008 16:00
Real Crash- Looking at Capitalism and its Laws:
This is part of a debate with the Political Brief.
Why is the argument wrong that any form of "government control or direction"of credit, or many other things, leads to totalitarianism and communism wrong?
This is just the British Empire argument that man is a beast and have to be run by a private financial dictatorship, like the British East India Company. That is what the Boston Tea Party, and other quaint events were organized against. The whole basis of the American Revolution was for government (as Lincoln said) of the people, by the PEOPLE, for the PEOPLE, not just some wild tax revolt.
Communism and the theories of Karl Marx themselves are a branch of British political economy, in that the horny hand of labor is the creator of wealth. No, individuals create wealth, but a government of the people must coordinate GOVERNMENT directed credit.
That is what is going to save the 3 million familes about to get kicked out of their homes, and the ongoing destruction of these cities and towns. We need a freeze on the mortgages, reasonably small rental payments, and to sort the thing out. We need bank protection by the GOVERNMENT. This may be a temporary measure, we have to see how it goes. The cocaine party of the financial bubble since the 1970s is over forever. Whether we reorganize it and save the nation, or have a new dark age is up to you.
We told you so..
Why is the argument wrong that any form of "government control or direction"of credit, or many other things, leads to totalitarianism and communism wrong?
This is just the British Empire argument that man is a beast and have to be run by a private financial dictatorship, like the British East India Company. That is what the Boston Tea Party, and other quaint events were organized against. The whole basis of the American Revolution was for government (as Lincoln said) of the people, by the PEOPLE, for the PEOPLE, not just some wild tax revolt.
Communism and the theories of Karl Marx themselves are a branch of British political economy, in that the horny hand of labor is the creator of wealth. No, individuals create wealth, but a government of the people must coordinate GOVERNMENT directed credit.
That is what is going to save the 3 million familes about to get kicked out of their homes, and the ongoing destruction of these cities and towns. We need a freeze on the mortgages, reasonably small rental payments, and to sort the thing out. We need bank protection by the GOVERNMENT. This may be a temporary measure, we have to see how it goes. The cocaine party of the financial bubble since the 1970s is over forever. Whether we reorganize it and save the nation, or have a new dark age is up to you.
We told you so..
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