A Lesson in Macro-Economics The non-coincidental rise to power in United States of a demagog and an industry czar has forced the world into an experiment in economic theory on an unprecedented scale. The result will be, as usual, a minor shuffling of the power brokers at the top, and chaos and poverty for those…
Tag: capitalism
Social Commentary
Fake Capitalism Stumbles Again
by renaissanceadmin • • 0 Comments
We live in a socialist society. Everybody knows that. Hell, even the Americans have a messy and tangled system of social aid. We are socialists, and the most damaging myth we function on is that we are a free market capitalist economy. This may be seen as a convenient excuse for those with the education,…
Social Commentary
CRB Loan Payback Will Close My Business!
by renaissanceadmin • • 0 Comments
An interesting juxtaposition on CBC last week: headline news story, “CRB Payback Will Close My Business.” The next commercial: “Half of New Businesses Close Within Ten Years.” Purveyors of Free Market Capitalism are happy to reap the benefits of our socialist nation. They transport their goods on national infrastructure, they pay their workers less because…
Social Commentary
The Third Myth of Modern Capitalism Falls
by renaissanceadmin • • 0 Comments
There are a few basic myths that the winners in Capitalism have fostered as tools to keep the rest of us merrily toiling away in the coal mines while they trot off with the profits. The first two have been under a lot of pressure lately, and hopefully a more educated population will soon toss…
Social Commentary
Am I a Communist?
by renaissanceadmin • • 0 Comments
A friend of mine — who is a writer and therefore automatically suspect — recently posted her version of what the American Dream should be. I’d call this…shall we say…more inclusive than the original. My immediate response was that a whole lot of her fellow-Americans would call that Communism with a capital C. But…
Social Commentary
The Official Death of Capitalism
by renaissanceadmin • • 0 Comments
Note, this was supposed to be published a couple of months ago, but it somehow disappeared, and the latest news has prompted me to try again. Well, it had to happen. All the wild and wacky “isms” of the 20th Century have gone down in flames. Fascism, Communism, and now Capitalism. The pattern is similar. Somebody…