Originally Posted by White trash wagon
I hope you all watch that youtube link posted by 93cpoupelx.
Ron Paul predicted this whole mess 6 years ago, and also told how it would lead to the collapse of the US as China,India & Russia will buy up all our assets after the dollar bottoms out & we owe them trillions.
To think we could have stopped this....
You know, forget Ron Paul, there was a guy named Karl Marx that had the foresight to dream up such a day when capitalism would inevitably topple under its own weight like it has. He wrote about, ironically, the government taking over control of the banking and credit industry as other critical sectors faltered and toppled as well. Workers are alienated from the product of their labor, and any surplus value is held and accumulated by the elite bourgeois upper class, while the working class merely earned enough wages to sustain an acceptable existence. So in this way, laborers, or the working class were separated not only from the product of their labor, but also from their ability to perform labor altogether, as that itself was bought and sold on the market just as the product they were employed to produce. He saw the surplus value source that was derived from manual labor, as the source of profits, but also saw capitalists investing in more efficient means of production through technological advances in the future. These are things like robots and automated assembly capital as well as other means of production that do not involve human labor. This would consequently lower the surplus value even as the economy grew, and in our case we filled it with credit. This makes the the social gap between these classes that was created in this divide inherently much wider by the day, between the rich and the poor, between the haves and the have nots. It's just to the point that it's gotten ridiculous, with the credit thing getting way out of hand. More and more it feels like somebody just took over the world, you know?
I saw something earlier in the thread about how somebody feels like Obama is the last stage in a terrorist plot against the United States and that sound to me to be about right. That begs the question then, what then was the first stage? Well there's a whole group of terrorists out there and they act freely under the color of authority. Money is power, and power is influence, and influence is government. It doesn't seem to me like it's ever too late to fight back for our true freedom.
The inevitable conclusion, to Marx, was exactly the same thing you guys are talking about, the overthrow of those that controlled the means of production, the bourgeois, by the working class, or the proletariat. Basically, the working class would overthrow the government, and seize control over the means of production--just like capitalism replaced feudalism What would follow, for Marx, would be the gradual descent into what he called communism, or the eradication of private property, social classes, states, and therefore in many ways, history as we know it. He supported this argument by saying that all history up until then had been a result of the struggle between these two classes, and the inevitable conclusion of capitalism is communism, after a transitional period called the dictatorship of the proletariat. He saw this final stage in human society unfolding into the ownership of land, as well as property in general after this revolution as being controlled by the people. I tend not to believe things so outlandish, but it' hard to deny that Marx was on the right track. I really don't know that we can go from the society we live in today to everybody cooperating enough to equally share property and the means of production. From there I just get lost in the possibilities and intricacies of the inevitable quarrels that would follow. On a panorama though, I think Capitalism works, just not exactly how we've been working it. I mean, will there be a capitalist society and economy in place in this country forever, and if not, what comes after Capitalism?? The inherent problem is that it digs its own grave, controlling people's labor, and thereby suppressing the enrichment of the people that will eventually get fed up and say enough is enough. This is why people are so against worker's unions, its because it gives the workers power in the form of rights and more control over the means of production. Large companies do not want this, especially knowing that they control the individual worker, but not a large number of them banded together in support of the same cause. As well, capitalism breeds corruption like none other, as we have seen.
The economy is in a sad state, but for reasons other than credit as well. Domestic production is at an all time low, most of the products we use every day come from overseas, mainly China, or Taiwan. Our nation's infrastructure is severely overloaded and suffering because of the constant influx of imported goods, while the number of exports continues to nosedive. I assure you guys, predatory lending and shitty mortgages are not the least of the causes of this credit meltdown'. Capitalism goes through its inevitable highs and lows, but the amplitude also keep getting bigger, the highs higher and the lows lower. It's still a relatively new economic system and we keep changing it so it seems pretty volatile from time to time, and we as a society do not help the problem but often only make it worse. Seems to me like wall street served as the scapegoat for somebody or a group of individuals to seize more power and influence in the world.
Could be wrong...
Just an opinion, I guess..sorry for the book.
gots some links