Tuesday, November 27, 2007

Rant against "capitalism"

The wealthiest people are deliberately creating a wealth divide. This divide is getting bigger and it grows faster every year... and they show no respect to those they are taking their wealth from. Through the use of lobbyists, corrupt politicians, subsidies and The Federal Reserve, they have turned the gun of the government onto the masses. Admittedly, in this period of fantastic wealth, they've had no need to use that gun other than metaphorically to keep the proles in their place. Hint that this is happening... http://crookedtimber.org/2006/05/23/incarceration-rates/ "Land of the Free" my ass. Better lock up the disaffected before they have a chance to yell, "revolution!"

The issue I have with this subprime lender fallout? That I can GUARANTEE that every capitalist's hero, Greenspan, knew about and quite possibly encouraged the situation. The whole thing with mortgages being wrapped up into tradeable securities and creating a ~30x leveraged financial instrument is going to cause fallout that we may not be able to recover from for a long time ala The Great Depression. And please, don't even suggest that he didn't know how all of this was going to affect the economy (and the money supply) - if he didn't know then he is truly incompetent. But if he did know, god save his and his keepers' souls.

The wealthy know The Game is up and are trying to shake out every last penny from our pockets before everything falls apart. What pisses me off is that it wouldn't be heading this direction if they weren't so damn greedy and power hungry. The master tightwad himself, Henry Ford, even knew that minimally taking care of his workers made him far richer than squeezing every last penny from them.

Meh, but what else would happen with a system (The Market) that has greed and envy as it's lifeblood?