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Author Topic: We live in capitalism without capital  (Read 1565 times)
herzmeister
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December 25, 2011, 06:14:15 PM
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Never saw it put that way. :·>

http://www.youtube.com/watch?v=kDhBo43GYCk

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This week Max Keiser and co-host, Stacy Herbert, after revealing that the Lizard King is back, discuss the radical redistribution of gold and silver property in the US and the radical experiment in the UK to have capitalism without capital. In the second half of the show, Max talks to Professor Steve Keen about the UK's financial sector debt which is at least 4 times as large as US financial sector debt before the global financial crisis began.

Max Keiser's phrase combined with Slavoj Žižek's describes today's system even more concisely I guess:
Today we have socialism for the rich, and capitalism without capital for the rest.

The introduced book in the second part also looks good. "Debunking economics"  Shocked

This makes me think that it seems that throughout recent history, real capital, i.e. tangible goods and natural resources like land and property, has been transferred more and more to the bankers, while the populace is fobbed off with worthless papers and digital numbers.

I like how Bitcoin makes a virtue out of necessity. It's not tangible per se either, but it's an important counterbalance as a collective creation of capital out of nothing that can give the power back to people again.


https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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Let's talk governance, lipstick, and pigs.


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December 25, 2011, 07:45:23 PM
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I like how Bitcoin makes a virtue out of necessity. It's not tangible per se either, but it's an important counterbalance as a collective creation of capital out of nothing that can give the power back to people again.
The chickens have come home to roost.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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