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View Diary: Euthanize Wall Street to save the economy (34 comments)

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  •  Bit too Engels/Lenin-ist for my taste with the (2+ / 0-)
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    wondering if, Quicksilver2723

    'its all slavery' explanation (starting with actual slaves, then 'slave nations', then 'slave... eco-systems?'.  

    I prefer the original Marx - this is the natural result of capitalism - concentration of ownership of the means of production (of an ever smaller number of ever more mega-business 'conglomerates' by an ever smaller number of ever more mega-banks) and parasitic exploitation and alienation of labor. (Only $ 540 Bn ciphoned off? Only if you actually believe that things like the rest of the financial sector actually create any real wealth.)

    You are correct as to why Reagan-BushI put the nails in the union's cofin and what the effect has been tho.

    •  I don't insist that that's (0+ / 0-)

      the way it should be. I'm not trying to promote Marxist dogma (although, it should be noted that when Marx made those statements there were VERY FEW speaking for the burgeoning manufacturing working class). From the time that unions got a strong hold in the 1930s to the time when Reagan began to dismantle them in the 80's there were all but 2 elected Democratic Presidents and a huge tide of Democratic control over the federal government. Five Democratic presidents (one who won 4 elections in a row) to the Republicans 2 (and a half if you count the un-elected Ford) was too much for the corporatists to handle. Let alone the instillation of such populace policies like Social Security, minimum wage laws, civil rights and affirmative action policies, etc which mandated the hiring and wage standards that corporations must adher to. And, not coincedently, this era saw the greatest most thorough expansion of our economy in it's history.

      That was until corporate control got an even deeper influence on our policy making (after removing the barrier of the stranglehold of unions). And still these corporatists and the capitalist philosophies they represent have to turn to slave labor, environmental degradation, and tax incentives (ie. corporate welfare) to compete. Still, many of these fiscally, ethically, and morally irresponsible acts are done in the name of "progress" and to feed the bottom lines of stock holders (who's only finger lifted in the production of a product is the one they use to buy and sell stock on the e*trade account or to call their broker to it for them).

      I'm not argue for the head of Wall Street on a platter (as the original poster is), although I'm not entirely sure that that would be such a bad scenario for our economy. I think speculators have a place. But "speculators" should be like "spectators". On the side lines watching the game, not paying off the referee to infringe upon the outcome. The Dow Jones and NASDAQ should be a barometer and like the weather what happens happens. When the weather man tries to change the weather to suit his predictions there's a problem.

      In the end, I'm not advocating Marxism. I'm advocating a mixed economy (which we already have BTW). But not only for us but for all other nations as well. Sovereign nations should also be able to set their own tax codes, labor laws, and environmental regulations without heavy and, often, forceful influence by American and European multi-nationals convincing the leaders of poorer nations to do ease restrictions for their ability to profit. What is often done in developing nations in the name of "globalization" (ie. the maintenance of the stock prices of the wealthiest 5% of the world) is no different than tactics used against wildcat strikers and even worse. Allow other nations the bulk of control over their own resources and economic policies should be done not only because it is the right thing to do, but because the way things are are not sustainable. Eventually people of poorer nations will resist to these conditions (as they already are) and hard capitalism will run out of people to exploit. Unless, of course, our space endeavors allows us to find a race of aliens willing to be enslave.

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