unfettered capitalism -- Left-Wing Discussion

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Date Posted: Sat 2003-10-25 11:49:11
Author: sweetheart
Subject: unfettered capitalism
In reply to: Redeye 's message, "Re: privacy in the empire" on Fri 2003-10-24 08:00:58

1. The disenfranchisement of legal voters was illegal, and what was done was illegal by all forms of election laws... it was illegal.

2. Its more than agressive marketing. That's my point... its a combined financial-nationalism with agressive marketing... all operating under the (up til 2000) very successful ruse that california companies were really better. The widgets we used to make in london were far better products than the california versions... and it was nationalism of finance that cost us market share, not products or "free market efficiencies". This is why a world where computer scientists are the world over, yet all operating systems and databases are ONLY written in the bay area... the free compettition explationation does not lie with the facts on the ground.... and it is not just agressive marketing.... that is naive.

4. It is a rather long explanation, so i'll link you to exactly that part of their website. I think they explain it rather eloquently without getting technical... better than i can, as it has been my profession, i lose track of what is a lay person's explanation and explain badly... here is the precise part of that link: http://www.wizardsofmoney.org/wiz4/wizom4.htm (btw: that site is very accurate in its explanations and why i believe it was broadcast on NPR in california... which is the site's origin) I know some of the language seems childish, but the writers of this script are dead on... specificially, the bits about wizards/warlords explains how currency-issuance is used as a weapon in empire control... and how the periphery of the empire does not have the power to issue credit around its own economic capability... and this centrallization of credit-issuance in todays open markets committee... and what i indirectly bitch about regading my once running a company in london with american compeitors who used this credit-scam against me... it is right on. on that website, realizing you are not of infinite time... start reading the episode scripts starting at 1... they are brilliant and quite insightful. I have been on the trading floors of most of the world's top 20 banks and know what this looks like from the inside... a healthy account is "where genius failed: the rise and fall of long term capital" http://www.amazon.co.uk/exec/obidos/ASIN/1841155047/qid=1067105697/sr=1-1/ref=sr_1_2_1/026-7047712-4628456 This failure exacerbated the near-collapse of the entire us empire financial economy... I worked round some of those folks in salomon brothers... but a mere technologist, i was a fly on the wall. The concept of moral hazard, where the public underwrites the banking system if things go badly, but not if there are profits is very telling in inquiring why the banking system is not really private at all... just a public externality at arms length... sort of like using contract-military companies in a secret war to keep the people from thinking its a war.

5. As you know, our western government relies on a lost principal of independent, plural media scrutiny of governance.... and in corporate governance, as things are private and "secret" this independent media consists of PWC, Deloitte, Ernst & Young and KPMG... all of them conservative accountancies with no business line knowledge of what they are looking at, merely regulating the numbers collected... this leaves the investment banks as the other element, but they are not "independent" as the dotcom collapse has turned out and now these banks are having to shed their research arms... but where was newspapers and investigative reporting during all this?... realizing that journalism is a total failure in the US, it is no wonder that nobody asks what happened to the news reporting function in governance? The reuters/bloomberg oligopoly happened. Merely shedding the research functions is not enough... there should be a healthy set of independent, plural news collection and reporting services in financial services servicing not only wholesale markets like forex, but retail finance... and cnbc is not independent of GE capital... like fox is not independent of murdoch, so indeed there is a media-plurality/independence failure in financial markets which was not addressed most recently by the "fix" as they don't really want to fix anything but getting the dow jones back above 10,000. On top of that, corporate law grants public monopolies (what used to be called royal charter's before the US was formed) and these laws are state level, yet all the while being federal in operational fact.... deleware rules american corproate law... and this is accepted without scrutiny as no media agency is empowered to question the wisdom of institutional stupidity... the emperor is naked.

Ok, on point 6, i left out civilians and ya got me ;-) but you know damn well... in both cases, the forgotten victems are killed by small arms proliferation in a war of state terrorism home and abroad.

I did some work for a company in oakland that was later acquired by sun microsystems.. that makes the core databases for mobilile telecoms networks... and that company is spawned off of a norwegian university... and owned by american capital from the dot-bomb bubble... just to keep all computer technology of merit american owned and controlled... and this empire think is good for ameircans, so why be unpatriotic and questionit.. eh? My daughter lives with her mum in alemeda thar in oakland... its nice the folks thereabouts and its near berkely without too much granola... oakland is the best example of what local healthy politics can do in america.

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Replies:

Re: unfettered capitalism -- Redeye, Sun 2003-10-26 04:53:54