Wednesday, October 08, 2008

The Suicide of Capitalism

There is a grave post over at Front Sight, Press.
The Suicide of Capitalism

Read the whole thing.

If you can.

A coup d’état took place in this country during the past two weeks ... The United States ceased to be a capitalist economy and became a managed socialist state.

This was the opener, and I thought it was a bit exaggerated until I read the rest of the post.

If you receive a paycheck a month from now, it will likely be possible only because the government insured the business loan that allowed your employer to cut your check.

This puts a pit in my stomach that I can't get rid of. Part of me wants to talk to our CEO, and ask if we're accepting any govt cheese. Another part of me is afraid to ask.

The supreme irony here is that capitalism has committed suicide. The greed, the risk taking, the predatory behavior and lack of responsibility among the most powerful financiers in the world has triggered a global financial collapse.

I will also observe that this feels like extortion, like we are being forced under threat of destruction to hand over our economic self-determination to the benevolent government.

The government got what it wanted: more power. The robber barons of Wall Street walked away with billions of dollars in their pockets. You know who will get the bill.

Read the whole thing.

1 comment:

Gudis said...

I've been reading entirely too much tonight; between Obama's victory looking surer than ever, the wars, USSR 2.0, Iran and Friends, and the Cat. 5 financial shitstorm descending on us, I feel like I'm witnessing whatever remains of our Constitutional Republic slip under the waves faster than I could have imagined. I fear "libertarian" will be synonymous with "alcoholic" pretty soon here...