Thursday, 18 September 2008

The Death of Capitalism?

This was posted on Labour Home, and it might be interesting for those of us on this forum to discuss just how the left can offer prgressive steps out of the current situation - and how we can encourage moves to ensure that we never allow capitalism to regain such unrestrained irresponsibilty again...

The Death of Capitalism?

The writing was on the wall for so long!
The current economic crisis has been predicted by some of us for several years now, and the only real surprise is that it has come as quickly as it has.It is the product of a failed experiment in giving the gamblers who play the global betting shop - sorry I mean the global markets - increasingly free reign over the past 15-20 years to speculate and gamble without proper regulation or control.New Labour endorsed this approach when Blair took over, and have failed to protect the British Public from the inevitable consequences of handing over financial control to a small group of money-drunk gamblers.And as usual, when the rich get it wrong they rely on the state to bail them out, and whilst they protect themselves, it is the working and middle classes that feel the pain.Free reign capitalism has constantly promised next week today, encouraged reckless spending and debt so that the rich get their hands on our money before we even earn it, and has manipulated the media and advertising to the extent that noone who follows the trends can ever feel happy with their lot, but are constantly bombarded with new 'must-haves', upgrades, and other ways to spend the money they do not have.At the same time, they have managed to mangle the worlds resources, exploit ever new Labour markets, and cause untold damage through climate change.The capitalist experiment has failed - just like the state-capitalism of the Soviet Block.It's time for true Socialist policies to be given a chance!

2 comments:

Robert said...

I doubt it very much in two years time this will be a note a bit of history and we will see bankers and financial whiz kids making millions, Capitalism will go on for a long time yet.

Robert said...

Will mate totally agree.