About Me

Dr. J. (James) Alva Scruggs received a B. S. degree in Chemistry from Alabama Agricultural and Mechanical University, M. S. in Chemistry from Southern Connecticut State University, M. A./ Degree in Urban Studies from Occidental College, and a Doctorate in Education Administration from the University of Massachusetts.

Saturday, June 16, 2012

CAPITALISM AMERICAN STYLE SHOULD BE DEAD LIKE COMMUNISM SOVIET UNION STYLE!!


CAPITALISM AMERICAN STYLE SHOULD BE DEAD LIKE COMMUNISM SOVIET UNION STYLE!!

(Unedited/Unabridged 2011)



Laissez-Faire-unregulated Capitalism Should Be as Dead as Soviet Communism. Capitalism, Laissez-Faire or without regulations is subject to greed, amorality, mean spirited exploitation which makes an institution that will harm all other institutions in a civilized society! This is why American and the world have been brought to an economic clasp in the 2000s! The Routhchilds set the seeds of this Capitalism disaster in the 1700s.

The collapse of Communism as a political system sounded the death knell for Marxism as an ideology. But while laissez-faire capitalism has been a monumental failure in practice, and soundly defeated at the polls, the ideology is still alive and kicking. It has survived by being sold as a natural institution controlled by a Natural Law called, “The Free Market System”! This Free Market System is described as one of self-regulating constructs that if left alone without regulation wills self regulate and serve to the betterment of all civilizations. It will in the end “do no harm” to humans!!

The only place you can find an American Marxist these days is teaching a college linguistic theory class. But you can find all manner of free market fundamentalists still on the Senate floor or in Governor's mansions or showing up on TV trying to peddle the deregulation snake oil.

            This seems to have been recognized in the early eighteenth century. When kings and Queens wanted to do business and move large resources of Gold, silver, and precious jewels they had to send them by overland and sea modes of transpiration. This made it easy for enterprising pirates to hijack the ransoms as they were moved about and make off with the booty. But then a very smart tribe or group of people got together and concluded that if they could take responsibility for this movement of wealth they would have control of the life blood of the nations. This brilliance was attributed to the Rothschilds. These people form a trust group, a The Rothschild Octopus, with tentacles in many countries and moved or made transactions by the words or mouth or passage of paper promises sent from one person to another.

The Rothschilds took the American Banking Industry in 1813. (Thomas D. Schauf, THE FEDERAL RESERVE IS A PRIVATELY OWNED CORPORATION, Americans Have Been Deceived and Stolen From by the Privately Held Federal Reserve Banking System, 1992)  Rothschild, a London Banker, wrote a letter saying, "It (Central Bank ) gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class...The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their best interests." The Rothschilds idea/seed/organization did not die, they simply depart into history, and their sons and grandsons inconspicuously take their place/system.

This meant that no one would know when money was being sent and the debts were easily and promptly paid on the receiver end. This required a profound condition of trust one in the other and a system of insuring that no one would or could betray the trust of the other and honor the security of moving wreath. It is not so important to dwell on the who as to dwell on the system that is live, secretative, powerful, ongoing and dangerous to the health of nations! If you understand this system you can see that in America the movement of money is the foundation of well being of the nation. When a central bank (i. e. The Federal Reserve) controls the money lines and raises the interest it is felt by all pipelines of money in the country. It appears that President Andrew Jackson was the only one of our presidents whose administration totally understood this system when he abolished the National Debt, condemned the international bankers as a "den of vipers" which he was determined to "rout out" of the fabric of American life. Jackson claimed that if only the American people understood how these vipers operated on the American scene "there would a revolution before morning."  This was a clean and open strike at the Rothschild plan for world control and money profiteering. 

Moreover, it would be useful to list briefly the chartered intent of this Rothschild monster. The Rothschild plans were comprehensive and long range. They included the areas of, Population control, Food control (i.e. change in weather), Control of freshwater, Control of energy, Control of weaponry, Control of politics, and etc.. The Rothschild cartel/system owns about 94% of communications in the USA!!

What has effectively brought down America and the world was Wall Street Casino, Packaging or "Derivatives.” (Joshua Holland, 'American Casino': How Our Nation's Financial Sector Became a Massive and Unregulated Gambling Operation, http://www.alternet.org/story/142267/, September 5, 2009) In this scheme, bad or toxic mortgages were packaged with to some good and sold on world market. This Allowed insider speculators to buy or bet for pennies, on a Derivative to go down while buying insurance on the bad investment then collecting on the loss and still owning the property. American Government guaranteed these investments! However, when the debts were called in in mass the speculators took their profits sent the money out of country and closed down the functioning of the whole world.



It is easily seen that Americans are free to be free in the circle of institutions that leave the money system alone. All of this racism, sexism, gay movement, death panel for killing old folk, Medical Care Reform, FEMA, Terrorist Act, “The Intellectually Challenged, Emotionally Ignorant” hollowing, “give me back my America,” and etc is nothing but a side show inside a side show. This chaos only makes it possible for the moneychangers to operate without notice or protest! What must be realized is that until the life's blood, money, of the engine is taken under government control, all the posturing and energy of making and keeping resources is only done at the pleasure of the people, who move the money.

It will take a brilliant powerful leader to bring down this evil from the backs of society. But we all can do what we must! Raise our voices loud and often!!

Take Sen. John Ensign, chairman of the National Republican Senatorial Committee, who went on Face the Nation and, with a straight face, said of the economic meltdown: "Unfortunately, it was allowed to be portrayed that this was a result of deregulation, when in fact it was a result of over regulation." Or Gov. Mark Sanford, who told Joe Scarborough he was against bailing out the auto industry because it would "threaten the very free-market-based system that has created the wealth that this country has enjoyed." If a politician announced he was running on a platform of "from each according to his ability, to each according to his need" he would be laughed off the stage. That is also the correct response to anyone who continues to make the case that markets do best when left alone.

It's time to drive the final nail into the coffin of laissez-faire capitalism by treating it like the discredited ideology it inarguably is. If not, the Dr. Frankensteins of the right will surely try to revive the monster and send it marauding through our economy once again. We've only just begun to bury the financially dead, and the free market fundamentalists are already looking to deflect the blame.

In a comprehensive piece on what led to the mortgage crisis and the subsequent financial meltdown, the New York Times shows how the Bush administration's devotion to unregulated markets was a primary cause of our economy to ruin. But the otherwise fascinating piece puts too much focus on the "mistakes" the Bush team made by not paying attention to the warning signs popping up all around them. "There is no question we did not recognize the severity of the problems," claimed Al Hubbard, Bush's former chief economic adviser. "Had we, we would have attacked them."

But the mistake wasn't in not recognizing the "severity of the problems" -- the mistake was the ideology that led to the problems. Communism didn't fail because Soviet leaders didn't execute it well enough. Same with free market fundamentalism. In fact, Bush and his team did a bang-up job executing a defective theory. The problem wasn't just the bathwater; the baby itself is rotten to the core.

William Seidman, the longtime GOP economic advisor who oversaw the S&L bailout in 1991, cuts to the chase: "This administration made decisions that allowed the free market to operate as a barroom brawl instead of a prize fight. To make the market work well, you have to have a lot of rules."

Even Alan Greenspan, whose owl-eyed visage would adorn a Mount Rushmore of unregulated capitalists, has begun to see the light, telling a House committee in October that he "made a mistake in presuming that the self-interests of organizations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms."

But most Republicans are still refusing to see what's right in front of them. Especially Bush, our CEO president, who lays the blame not on the failures of the marketplace but on past administrations and corporate greed. "Wall Street got drunk," he says. Maybe so, but who made the last 8 years Happy Hour, and kept serving up the drinks?

Ben Smith reported that the GOP was launching "a new, in-house think tank aimed at reviving the party's policy heft." In a private memo explaining the think tank, RNC chairman Mike Duncan wrote: "We must show how our ideology can be applied to solve problems." But, of course, it's that very ideology that's causing the problems. It's like the old horror movie cliché: "We've traced the call -- it's coming from inside the house!"

Most recently, Romney campaigning for president said that if elected President he would let the “Capitalist Free market System” operate un regulated and it would save America by allowing the wealthy to gain un fettered profits which would eventually create jobs and the wealth would trickle down to the 99% that were presently suffering. But I the mean time the social programs that support the needed would be cut to force them to work harder and earn more for their families and survival!!

We've got to do everything we can to make sure there will be no sequels to this political horror. The blame shifters cannot be allowed to make their case without the truth being pointed out at every turn. It's time to relegate free market capitalist fundamentalists to the same standing as Marxist ideologues: intellectual curiosities occasionally trotted out as relics of a failed philosophy.

Dr. J. Alva Scruggs,  BS, MS, MA, Eddy
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1 comment:

James Miehls said...

regulation (and reform) have never been viable alternatives to revolution. But at least we agree that things need to change.