As previously argued, the system of capitalism has captured (or is it co-opted) the democratic system of governance. If capitalism was inherently aligned with democratic principles then this may not be such a bad thing. However capitalism is not only antithetical to democratic governance, the former rests on ‘it being all for me’ and the latter ‘We the people’ but it is destructive to life it self as evidenced by global warming its most far-reaching effect. Unavoidably there will be hell to pay but not by everyone, at least in the short term.
However, Adam Smith, the father of capitalism, said in The Wealth of Nations, “in order to bring up a family the labour of the husband and wife together must even in the lowest species of common labour, be able to earn something more than what is precisely necessary for their own maintenance” and correspondingly spoke against the rentier class whose income he cast as unearned. According to Michael Hudson (author of Killing the Host) the original meaning of ‘free market’ was that of being free from exploitation (particularly by the rentier class), and not as the term is applied today by corporatist to mean free of regulation to do as one desires. So is it the system or the person? Continue reading
The only thing constant in life is change—Heraclitus. With change being constant in life, change is not avoidable through life.
With this in mind, denying (the need for) change, is denying life. Refusing to deal with it in the present is refusing to be life affirming in the present. This way of being doesn’t stop change from arising—given its constancy—it only ensures having to deal with it in its extreme later. Continue reading
Fear is an emotion, a type of energy we all have available to us to help protect us against threats and danger. Thus the emotion of fear can be quite useful, unless of course it is the only or predominate energy that animates us. A fearful person—one largely motivated by it—will likely see danger and threats to him/her self everywhere and in most every other person. Moreover, when every other person is a potential threat to ones’ success toward fulfilling one’s goal in life, then fear of others—especially those not like oneself—inevitably emerges. Continue reading
Globalization has delivered, as it was intended, for the 1%. Globalization is not so much a paradigm, as some frame it, as it is a strategy of corporatist. It has preserved the gains of capitalism’s elite upper class by affording worldwide exploitation and extraction. Continue reading
In a December 3rd Harvard Business Review article (Rescuing Capitalism from Itself) Henry Mintzberg noted “since 1989, the United States has experienced some alarming changes, for example the massive infiltration of corporate money into public elections, disquieting levels of corruption in business, rising income disparities, and the decline, of all things in this country, of social mobility.”
How have these alarming changes come about? Are these the result of outside forces or are they the result of the economic system itself? Continue reading
According to the mission of our materialist egoistic system of economics (aka capitalism) we are to accumulate, without limit, as much material wealth as we can and (individually) we are to do this by maximizing the satisfaction of our individual material self-interest. In other words one leads a successful life to the extent that one has realized material gain and amassed wealth—the greater the material gain, the more worthy and the more successful one is. Accordingly this is to be one’s goal in life, it is all there is to life itself! Necessarily, it follows that the pinnacle of self-interest behavior, of getting as much as possible for one’s self, having it all for one’s self, is greed—there is little doubt in this philosophy of life greed is good! Continue reading