How do you destroy Capitalism?

Here is my view and opinion of how the elite and others are bringing down Capitalism.

How do you destroy it? It is actually quite simple.

Capitalism is based on free markets. The first thing you must do is remove the free markets. Regulate it to such an extreme, there is no free markets.

Techniques.

First basis for a capitalist society is a STABLE currency based on a commodity base money supply. So the first thing necessary is to remove the commodity based currency. 1913 in steps the federal reserve. The beginning of a fractional reserve banking system. For each unit of currency, you can create say 9 units of debt based currency. Now, this causes a problem with the commodity based currency. Manipulation of the commodity is hard to do. It causes all kinds of problems because when you create the debt currency from the original unit of currency, there really is nothing backing the new fractional currency. Markets fluctuate wildly. Instead of the natural progression of the price of that commodity going up slowly as more assets in the market are created, the value can go through the roof.

Step two, remove the commodity as a link to the currency. Now you must ask yourself something. How can a currency not be based on anything? It is based on something, perception. As long as you can keep some type of stable value of the currency, people will not really question the validity of a perception based currency.

Step three, control the value of the currency by manipulating the quantity of currency by setting the value by inflation. Use the interest rate for lending the currency (nothing) at a rate that creates the decrease in the value at a going rate of say 3-10% inflationary rate. This way the value of what you are borrowing (nothing) always decreases.

Step four, create massive amounts of debt (nothing) out of nothing.


Now, ask yourself a question. How many banks are there? How many banks are necessary to create this system. I mean really, how many bank would it take to create this type of system. It could be done with only one. It could be done with an infinite amount also.

Now, that I have asked that question. What is the reasoning of having a limited amount of banks. Is there a reason? Of course there is. Because the banks are going to make all the money in this type system. For every unit of currency, they are going to reap all the benefits and none of the costs.

Let me ask you, if every person was a bank, could this work? Sneaky little question there. Let us say you wanted to lend yourself money? You could take your unit of currency and lend yourself, at the same rate as the banks do, 9 more units of currency. Why would this not work? Is this giving you some questions of your own to ask.

Now that I have gone over the currency problem. Let us go onto the other things necessary to destroy capitalism.

Let us say as a society you require your citizens to invest in a "supposed" investment like say Socialist Security. You require people to pay into the system at a certain rate of their labor (property) and you pay them back in currency (nothing) devalued over time. First off, the labor at the time they created it, was at one unit. When you paid them back it was at a lower value because of the value of the currency (nothing) decreased over time due to inflation.

Now, with an ever expanding society of people, this system could work. BUT, let us say you get to a point that your ever expanding society begins to level out. Your population gets to a point where they feel that ever increasing population would be a burden to their society so they begin to have fewer children. The problem begins to show that the Socialist system of the children paying for the older components of society are not going to be able to keep up with the ever expanding system of socialist payments. What do you do?

You could hold it off for awhile by allowing unfettered immigration. Sound familiar? You could also continue by increasing taxation of the individual. You could also do it by increasingly create fiat money. Sound familiar?

Next component to destroy capitalism. Increase regulations on all businesses. This includes all types of taxation, licensing, fees, control, etc etc etc.

You get to a point where there is no chance of saving, the "supposed" capitalism that is "ruining" the economics of said society.

What is the cure to this "supposed" capitalist society?

Now ask yourself one very important question. Who is going to run this next system? Do you think the BANKS will have anything to do with it?

Edit to add.

I did not get into private ownership of property because that does not exist.

I will explain why now thanks to a poster.

To have the ownership of property, you must be able to use it for what you want. It is yours. Labor is property. Land is property. Life is property. Liberty is property. If a government is allowed to tax your property or seize it, without you agreeing, there is no private ownership of property. Period.

Yes, this was the first step down the road to socialism and communism. If you do not even own the very labor you create, or the land you own, or the life you lead, or the liberty you crave, you are no longer even in a capitalist free market society.

Thanks poster for bringing that up.

[edit on 5/14/2010 by endisnighe]

you can start by electing Barack Obama as President

Originally posted by l neXus l
you can start by electing Barack Obama as President

lol, but i think america and capitalism died really in the early 70's when they went of gold standard. It was only a matter of time after that.

I think capitalism will eventually destroy itself, lets just hope it doesn't also destroy us all in the process.....

Capitalism doesn't need to be destroyed so much as it needs to be forced to grow up and be responsible.

The cure is quite simple, actually.

A global cap on wealth at $1,000,000,000.00.

No one needs nor do they have a right to more.

When someone's wealth reaches that point, they are retired, period, and would no longer be allowed to engage in any profit-making activity. All stocks they own would be converted to non-voting shares that only pay dividends, unless paying the dividends would put them over a billion, in which case they are taxed at 100%. If properties they own appreciate them beyond the limit, they can donate them tax-free to worthy causes.

It wouldn't materially hurt them, and their expertise is easily replaced with fresh thoughts and directions.

I would refer anyone who seeks a very thorough understanding of this question to dedicate time to reading Capitalism: The Unknown Ideal by Ayn Rand.

You have it completely backwards.
To destroy Capitalism you leave it unregulated.
Competetion ensues until you have one winner.
Isn't that the goal of competing? To WIN!
Then you have a monopoly, business is indistiguishable from Government.
Show me the error.

reply to post by l neXus l


Well, I would say ol Barry is the furthest from a capitalist as they come.

Can you say wealth redistribution.



I would like to reiterate, that Obama does not want to tax only the rich. He wants to tax everyone. PERIOD. In walks Cap and TAX! And every other control mechanism for enslaving us to the government.

reply to post by andy1033


Yeah, I went over that in the OP. It is funny how people can think that capitalism and free markets have anything to do with our society since the inception of the BANKSTERS takeover back in 1913.

Thanks for the comment.

reply to post by LDragonFire


Well, we have not really had capitalism and free markets since the BANKSTERS have taken over it back in 1913.

reply to post by apacheman


I do not like the idea of cap on wealth. Just does not seem right to me.
Now, in a true free market system where charity could be rewarded by many things, I could see something like that. I myself and others would be happy at the point you are talking about. But does wealth truly stop others from becoming wealthy? The limited pie idea I have never bought into.

reply to post by BenIndaSun


Thanks for the comment and still meaning to read some more. Added to the list.

reply to post by OldDragger


Did you even bother to read the OP or do you just get off being on the opposite side of everything I posit?

reply to post by l neXus l


Start? Haha, no, that is closer to the end...
I'll refer you to the federal reserve, taking off the gold standard, repealing glass-steagal, becoming reliant on corporations to maintain the country, leading to merging corporations with government (AKA fascism) lorded over by central banks.
But that is more how to destroy freedom and the economy for the average person than destroying capitalism. The poor are still capitalists, the rich ensure they won't lose money by putting their losses on middle class and poor people.

reply to post by time91


Corporate socialism and cronie capitalism for the government, banksters, and elite.

Slavery, serfdom, and a little tiny bit of capitalism for the rest of us.

You about covered it.

reply to post by apacheman


People should have the right to as much money as they want. The fact is that if you ever want to do serious stuff in the private industry (space, warp engines, etc etc), you will need to possess trillions of dollars. Also, caps only make people seek illegal methods. IE, set up your own bank. You don't officially own more than the cap, but you actually do.


What is wise is a political cap. No one with more then 1 million dollars can affect politics. Yes, that low. You can have as much money as you want, you simply cannot affect politics. That said there are inevitable illegal activities to be done, but less than a global cap.



Also capitalism cannot be destroyed. It naturally evolves out of all systems. It does destroy itself. But that is the cycle of life. All human cycles go through the same process.


You all have to learn a simple fact of life. Stability does not exist.

[edit on 14-5-2010 by Gorman91]

reply to post by Gorman91


You bring up an important part I did not mention in the OP.

Japan has been dealing with their stupid move on trying to control things by fiat currency manipulation.

The free market has natural ebbs and flows. The more governments and banksters try to contain those, is what causes the huge harmonics.

I swear Keynesians do not or will not look at higher or "supposed" irrelevant mathematical models.

You try and contain harmonics in the markets you will usually cause higher and higher harmonics instead of the lower swings.

They like to refer to it as bubbles or some other such things. It is the normal flow of economics. Chaos cannot be contained it can be controlled slightly but the normal usage of control only add to the problems instead of fixing them.

Companies fail. Banks fail. The slack will be picked up if the damn control freaks just leave it alone.

Oh well.

Originally posted by l neXus l
you can start by electing Barack Obama as President

That didn't even make sense, Capitalism has been on life support since before Barack Obama. Nice try though

Once Capitalism is dead and long forgotten, imperialism will follow with it, and there will be world peace.

The current fractual reserve system requires growth and that equates to energy usage and whilst i'm no fan of peak oil as it's being twisted by the media, the system would be forced to crash at some stage.

Trouble is the economy is being crashed by the banksters as we speak so we won't quite reach the stage of it crashing due to energy needs so get ready for the 100% digital amro so taxes can go upwards and you get your own personal carbon tax bill.

We have some very serious probloms to over come but don't give in to bent politicians, tell then to stick it when they offer to pay you back 50 cents on the $ for you savings and that they can stuff the taxes, police state and keep the debt whilst we seize the wealth from the bankers and politicians.

i'm no socialist unless i can sit at home and have my own swimming pool without going to work and what we need real need is silver in our coins again and to apply the laws of treason that have been in place for 100's of years.

inflation and interest need to be taken out the system because i'm tired of the money in my pocket only being worth half it's value every ten years and i'm sick of politicans that hide behind bullet proof class and treats us all as if we are terrorists. Whats wrong with a bit more accouantability where these people are made to answer before their fellow men.

The only question in my mind is do we start WWIII before we except our fate or do they need a war before we are pushed so low as to except the amro and RFID chips for breakfast.

We are all in for a bit of pain but let the cards land where they land because we can not all exit through that casino door at once.

Originally posted by endisnighe
Capitalism is based on free markets. The first thing you must do is remove the free markets. Regulate it to such an extreme, there is no free markets.

Actually Capitalism is based on the 'private ownership of the means of production and distribution'.

The worlds economy is controlled by these 'private owners' be they corporations or individuals.

Private ownership of resources is the problem not money, per se, money is just a tool of exchange used by the Capitalists to control the market to their benefit. The so called 'free market' is an oxymoron. The resources are all owned by small and smaller groups of people (If Capitalism was allowed to reach it's ultimate goal then one person would own everything). That is monopolizing. The smaller the group of 'owners' the less there is for the rest of us. These Capitalists control how much stuff costs, how much is available to us, for example they created the poverty and starvation in Africa by stealing their resources and selling them at prices only those on the west could afford.

The less people own resources the more control they have, and they can charge almost whatever they want when there is no competition.
Capitalism might work if we all had the chance to own the means of production, but then it would be called Socialism (The workers ownership of the means of production). But Capitalism does not allow for us all to do that, because the nature of Capitalism is for growth.
If one Capitalist grows then another must loose, otherwise how do you measure growth? For one person to be 'rich' another has to be 'poor', that is the nature of Capitalism.

Capitalism is why we have had wars for most of our existence, it's why 9-11 happened, it's why we're in the middle east. It's all manipulated by the minority owners of the worlds resources, Capitalists, in order to control resources. The Middle East is not about us getting their oil, it's about Capitalists controlling the amount of oil available to the market, too much oil and prices go down. The West had stopped Iraq drilling before between the two world wars, again to keep prices up and to stop the economy from killing their profits.

Wars are about Capitalists controlling the worlds resources, including people. People who have to sell their labour, the majority of us, do not benefit from this system, but are simply used as labour, as a resource by the Capitalists who give us the illusion of a better life that never arrives.

Put the control of the economic system in the hands of all of us, by ridding the world of private ownership. Putting the workers in control of their own labour, as in cooperatives/collectives where all profits are shared equally then the resources, which are the right of all of us as citizens of planet Earth, would not be controlled and kept artificially scarce to keep a few people incredibly wealthy while the rest of us live on the bread line.

[edit on 5/14/2010 by ANOK]

reply to post by ANOK

I should have included that component in the OP, my mistake.

Do you think I own land? I mean really own it?

I did not get into the private ownership because private ownership does not exist. That is a fallacy taught to everyone nowadays.

Have you heard of allodial title?

When you own something, you do not have to continually have to pay for the privilege of said ownership. Property taxes, registration, title etc etc etc.

You calling for non ownership of property, gives the government or collective the right to all property. Including oneself.

Sounding a lot like communism. The forced non ownership of property. This collective crap is why we are in the situation we are in.

Let me explain something, if you have to continually work for the governments to continually provide the government with revenue, you are a slave or serf. All the bull# that comes from the non ownership of property is the hallmark of serfdom. Be it the autocrats or the socialist rulers.

Funny how the communists and socialists serfs continue to forget, that the elite and rulers have not forgotten that you are meant to be owned.

There is no scarcity, period. This limited pie crap has to stop. There is no limit to human ingenuity and production.

The lie that people cannot have it all is what they want you to believe.

Ownership of one's labor and ones property is the hallmark of freedom.

Forcing others into collective society benefits who? The ones in control.

I see the brainwashing of the communists and the socialists has been working. Trading socialism controlled by the few for the system of fascism controlled by the few.

Sounds to me like someone wants to swap one tyrant for another.

The greatest resource on this planet is labor, who wants to give their labor to the tyrants?

Here are a couple of links to the discussion on private ownership and allodial title.

You do NOT own your car/truck/SUV!

Property Rights: You don't really own anything.

[edit on 5/14/2010 by endisnighe]

I don't think any ground will be gained until the majority of the citzens in countries with central banks understand the debt money creation scheme / scam. To achieve this, a concise explanation that is "user friendly" needs to be devised.

I think people will be so sickened when they grasp the collusion that is / has taken place, that only then will more wide ranging changes to the system be possible, if not demanded.

"It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning." Henry Ford, founder of the Ford Motor Company.

reply to post by ukWolf


To add to that you could use Baron M.A. Rothschild quote "Give me control over a nations currency, and I care not who makes its laws."

Thanks to a previous poster, I forgot to mention originally in the OP about our NON ownership of property.

Hell, we do not even own our own labor let alone our houses or land.

Thanks for the comment.

Just leave it alone and human greed and the good ol' buddy system will start the ball rolling.

I mentioned in another thread that if a couple of hundreds of years ago there were free markets all over the place and they have since disappeared it would seem that they don't have much staying power.

Don't regulate capitalism and it will collapse itself.