DAVOS declares Western Capitalism is a failure

Forums: 

Communism was a failure.

Pure Free-Market Capitalism is a failure.

 

Government managed capitalism - also called socialism has won.

Occupy has won.

 

Lets get out on the streets this spring and ensure the government recognizes that a healthy nation and economy depends on the health and welfare of ALL it citizens, not just the rich!

Kevin O'Leary thought that money was all-powerful. Sorry Kevin, there is one thing more powerful - the people themselves!

Kevin O'Leary and PEOPLE

He keeps saying, "I like money, and HOW WILL YOU MAKE IT WITH THIS IDEA?", or some such. And who or what likes money? Who trades using money? People. Money constitutes a major incentive that motivates people to do something - including Kevin O'Leary. One might not like his manner with some of the people who show up on Dragon's Den - but what he's actually trying to do is point out the actual or potential pitfalls to people who haven't done their homework, so they don't commit a pratfall and lose money as opposed to making it. That's partly what being an entrepreneur is all about. In my view, Kevin O'Leary recognises the importance of PEOPLE just as we do, even though appearances might suggest otherwise.

Trying to get a job is a different matter based on (a) having to meet all of a possibly long list of skill set requirements, and (b) having to compete with somewhere between 70 and 5,000 other people every time you apply for a job. However if you are lucky enough to "know somebody", which in practice means having a retinue of professional referees who know your work on a day-to-day basis and are prepared to recommend you for a position with their own employers, or have contacts elsewhere who might do likewise, this will vastly improve the chance of success with a given job application.

In any case, one of the big overall problems that we are faced with is a massive over-supply of people looking for work relative to actual job openings. This in turn translates into absurd lengths of time for someone out of work to get a job, with corresponding losses to the tax base and the economy as a whole (for instance, all businesses catering to the private individual and families). It's a function of probabilities, chance and statistics. See also my web site at www.unempgeninfo.com The failure to pay attention to THIS, world-wide - particularly in the U.S. and Canada - is, in my view, the reason for the mess that we are in. The financial crash in the U.S. which started in 2008 was a particularly blatant example of this; nobody was considering the underlying issue of sufficient and satisfactory jobs for all the people who were loaned money to buy homes and then "....lost their shirts...." when all the money lenders foreclosed on their mortgages. Never mind the "black magic" that persuaded banks all over the world to take on U.S. debt from all the U.S. money lenders involved. The whole U.S. financial market and business community got it wrong. Cause-and-effect relationships, at an obvious and basic level, were in play here. Nobody was even looking at them when they should have done. Utterly absurd.

It seems to me that the conference participants at Davos actually DO recognise this. And that includes Prime Minister Stephen Harper - who, therefore, should see our point when we present it to him. I said  WHEN, not IF. We must work towards that. The up-coming OCCU-CONFERENCE from June 1st to 3rd, is an excellent idea which will help with this, partly because we need to educate the general public - so that they are properly informed about what is at stake, which they aren't at present. .In concept, the idea seems to me to be similar to the "Stop the SPP" teach-in organised by the unions in the summer of 2007 - which, in my view, was very successful.

Money and government

Money is only a means to an end. People like what money enables them to do.

Socialism, or "state capitalism" is no better than governments controlled by corporations. I think separation of capital and state is as important as separation of church and state.

We need governments which are accountable to individual people, corporations are not people and neither are churches, armies, unions, parties or any other institutions.

It's why we call it "Democracy", from the Greek, "dēmos" (people) and "kratos" (power).

Add new comment

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.