posted on Mar, 1 2011 @ 10:18 PM
reply to post by Amagnon
Technically, you are correct. The reality is far more complicated than that.
For capitalism to exist the state must also exist. It is through the state that markets are regulated, maintained and protected. The government grants
corporate charters, dolls out subsidies, and protects against monopolies.
But, many say isn't this a contradiction to free markets? Indeed, but imagine a world where there was no government interference in the markets. Look
at Chile under Pinochet. It can't happen.
So, with the aid of hijacked state, capitalism has evolved into something monstrous, out of control, a series of government-sanctioned monopolies that
can make or break currency trends of country by selling or buying stocks in reactions to external events. A certain politician gets elected? Massive
dips in the stock market make sure that politician plays games. If there was no control at all the currency, the level of this manipulation would be
far greater than it is now. It would be nothing short than cataclysmic. Can you imagine a world of globalized trade with no government oversight?
The only just solution to the whole mess is a government that operates in comity with its population democratically, and works for the benefit of its
people to guard against oppression from the financial movers and shakers. Protectionist trade policies must be put into place to lessen international
competition, and the domestic manufacturing base must be rebuilt. The currency must no longer be the global reserve currency and must be backed by
The only way to achieve this is through a government that is forced to listen to its people. That means getting up and doing something about it!
The only other choice is to establish a strong, international central bank that operates a global reserve currency. One should keep in mind that this
far more simple scenario still doesn't mean that the currency would be controlled by individuals, other than international exchange rates.