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View Diary: What is the path to an America beyond capitalism? (179 comments)

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  •  This sound more like feudal social stratification, (5+ / 0-)

    together with the guilds protecting their turf.  In you analysis, the function of capital is nowhere to be seen, only the predations of power, political and financial.  One ha to wonder whether there is, in an international sense, any capital in existence not pledged to a creditor through a combination of credit default swaps, other derivatives and an international monetary system that only burdens the exercise of production and transfer of wealth to the extent that there is little or no incentive to produce, at least from an economic standpoint.

    Patriotism may be the last refuge of scoundrels, but religion is assuredly the first.

    by StrayCat on Sun Jan 26, 2014 at 04:42:29 PM PST

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