Jeremy Corbyn, the infamous Karl Marx admirer, has been elected UK opposition Labour leader.
Here is The Anti Media with a little color on the landslide victory...
People’s favourite Jeremy Corbyn became the new leader of Britain’s Labour Party on Saturday after racing to victory with 59.5% of the vote.
The election results, announced on Saturday morning from the Queen Elizabeth II Conference Centre in London, declared that 422,664 votes were cast and saw Tom Watson elected as deputy leader of the Labour Party.
Corbyn now faces the resignation of up to a dozen shadow cabinet members who claim they will refuse to serve under the MP and cannot publicly support his policies. According to The Telegraph, a group of centrist MPs nicknamed “The Resistance” intends to hold a series of public policy debates about Labour’s future — in open defiance of their new leader.
During the last month, the Labour leadership campaign has seen trade unions double their number of signed-up supporters and 120,000 people pay £3 to register as supporters to be able to vote. The party’s website crashed as surges of people attempted to sign up at the last minute and Labour struggled to cope with almost 400,000 new members and supporters.
Corbyn’s anti-war stance and fierce criticism of regimes that others are falling over themselves to support has resulted in an unprecedented smear campaign against him, painting him as weak on terror. His biggest and best endorsement to date has to be vilification by Tony Blair, who warned the Labour Party would face annihilation if Corbyn were crowned leader.
In addition to establishment hysteria at anticipation of Saturday’s result, The Times reported that David Cameron plans to claim the new leader poses a clear threat to Britain’s security since he questioned the latest drone strikes in Syria.
Corbyn is really communist who professes an admiration for Karl Marx. He is the new face of Britain’s opposition Labour party which will help to make a British EU exit more likely. The Marxist sophistry is rob anyone who has more.
They never understand that we all provide our piece of the economy that creates the whole. Many are starting to realize that this could be the downturn for Britain.
This is actually right on schedule for the other side of 2015.75 will be the battle of all time – Freedom v Authoritarianism.
People like Corbyn will inspire violent and the overthrow of capitalism for what they think will be the betterment of man. They are idiots and dangerous ones at that for you cannot eradicate human nature. Yet they will try.
I am routinely asked why to I resistance so persistently?
What I do, I do for my family and their future. If it were just me alone, I am ready to depart this world for I do not wish to live in the world Corbyn and others like him want to create. They cannot see that they seek to enslave me for their benefit. I am free and that is the true meaning of what Patrick Henry said so eloquently – “Give me freedom, or give me Death!”
Death to me is preferable to living in their world of subjugation. You do not appreciate what those word so profoundly mean until you are confronted with the true evil of Marxists.
I doubt that any of these screeds are actually writted by Martin Armstrong. He is a native speaker of American English, and the writer who posts under his name is not.
@Faeriedust,
if that is the case then the virtual
has outdone itself, beyond even
the fairy dust.
The rise of labor was not a boon to England. Their P.O.S. cars became even more defective when Leyland was created. They had so many strikes, it was impossible to get anything accomplished. Thatcher really had her hands full.
Thatcher was useless. Just a front for the banks and theft of public assets. In fact public expenditure actually went up under the leadership of the stupid cow.
8 years ago no one (relevant) in the US would admit that they were "socialist" while advocating policies that were clearly redistributive and inspired by European socialism. Now Sanders is running and has support. I don't think that this has accompanied a revolution in thought, I think we have merely reached the stage of banksterism where they make it official. Starting to think the left is an actual fifth column that intends to redesign our economic system.
It feels very strange to voice this opinion publicly.
at least with the empire you get some food stamps; with the commies you get a bullet in the back of the head.
How long till he pulls a Tsipras
The system called capitalism is doing a fine job of destroying itself.
Where is capitalism being practiced? No where.
There's is crony capitalism mixed with Socialism--and communism.
I thought Britiain was already socialist. What's more socialism? Capitalism failed. Give communism a try Great Britain.
Communists seem to love their brutal dictators like Stalin, Mao, Pol Pol, Castro, etc. who murdered MILLIONS of their own citizens and political opponents.
This is what happens once people had enough of the rich stealing everything. Don't punish the bankers...this is what happens. Cronyism is destorying the world
Something for nothing does the best job.
Freedom vs. Totalitarianism? I think you mean totalitarianism vs. totalitarianism. There is no freedom left, and I don't think a marxist in power can make it much worse, not anymore than a figure like Trump. All nations of the West are in decline and going the populist route, that is all there is to it. It's falling apart and a populist leader simply keeps people entertained and enthralled by the possibility of a return to greatness.
As well, these completely benign and hollow critiques of Marx do not help, they simply make you appear to be a McCarthyist. With everything wrong with Marx's ideas he at least recognised that there were multiple layers of society. He introduced class theory to economics, so using such a false idea to undermine him is just dishonest. No other economic theory discusses class and the varied inputs to economy. All economic formulations are simply reductionism and modernist theology. The Austrians, for example, have simply inverted elements of Marx's theory and applied it to government policy rather than the bourgeoisie. In effect, they do to Marx what Marx did to Hegel.
Few people understand Marx's theory, especially the marxists. That is not to say he was right, only to show that a a focus on economic policy alone is doomed to failure. All such societies lead to totalitarianism because the very foundation of centralisation is laid when you focus on one central aspect of society. Marx did so because he thought it was the solution to revolution, because all revolutions were eventually controlled by the bourgeoisie a movement of their enemies was the only way to topple the bourgeoisie before they controlled the next revolution. The absurdity in this was that Marx was not a proletarian himself, so he was effectively writing bourgeois values into 'proletarian' ideas.
One should not miss the irony here. Now those who so proudly denounce marxism as the great enemy are following him (and McCarthy for a little extra irony). They are overdetermining the role of the middle-class, or petit-bourgeoisie, in their ideas of revolution. The idea is that if only the petit-bourgeoisie could prevent the bourgeois bankers from determining the course of revolution then capitalism would return to its utopian past. The problem is that capitalism only ever existed as a theory, it was never real. Societies require more than economic ethics. Reality is not what we have made of it in our minds.
Wow. A truly intelligent and informed comment. I would pick a nit with this, however:
"All such societies lead to totalitarianism because the very foundation of centralisation is laid when you focus on one central aspect of society."
If you look at the historical record of Socialism, especially in terms of the WWII era "type" examples of National Socialism and Stalinism, you actually get mixed up with aspects of social engineering that had less to do with Socialism per se than they had to do with Modernism -- the then-trending idea that all nature could be conquered by engineering, whether it be Outer Space or human society. Economic central planning was a logical consequence of such a belief, and actually worked much better than we give it credit for, in nations of the size Marx would have envisioned -- Britain, Spain, France and Germany. Where it bogged down was in Russia, a historically backward continent ruled as a nation, BEFORE THE INVENTION OF COMPUTERS. Had central planning been delayed until the means for central tracking was developed, it might have worked at least as efficiently as the average multinational corporation today.
Of course, it would have required the entire array of "internal controls" which are also used by corporations, to reduce cronyism, graft, and corruption. We see how China continues to struggle with those today. But then, private corporations are hardly immune to the same problems, and as for Democracy, one has only to look at the revolving door between Congress and K Street.
Perhaps aptly, when I was a young woman K Street in Washington DC was known as the location where prostitutes flaunted their wares.
He won't win the next election because Scotland will have left the UK by then. There won't be enough left leaning ridings to get him into office without Scotland.
The UK was already fucked by Cameron, anyway.
Thatcher already destroyed England. Blair and Cameron have added insult to injury. How could Corbyn be any worse?
Bah, humbug. I've lived with Capitalism through fifty-seven years of accelerating evil and the decline and fall of just about everything, from the useful life expectancy of a refrigerator to the size of a candy bar. Let's try Something Else.
Let's try Something Else.
How about mass murder when OPM runs out.
I'm applying for the position of "usually benevolent dictator"... Do I have your vote? But more importantly, will you sign my Reichswehreid?
Meh, you have lived with CRONY capitalism mixed with socialism and Marxism.
There is no country where true capitalism is practiced.
Mr. Corbyn will not be coming to power before 2020.
And the world will look a very different place by then.
Really ?
So they plan on replacing a snake with a toad?
Wonderful.
Same stuff is going down in Canada
Well not to worry. America has the wildly popular Bernie Sanders. He could get elected in 2016.
There is little chance of Corbyn getting into power UNLESS there is another 2008 style crash, which will crucify any legitimacy the conservative right presently enjoys.
Reading Marx is not enough. You also have to think, dumbdumb.
Marx is a contradiction. Here is why:
Marx worked as desk clerk for a while. That's why he thought business consists of mechanically filling and stamping forms.
His dad was interior minister in Germany. This is interesting, because this upper class scion postulated that each class has its own science and knowledge, and cannot even understand other classes science and knowledge. Except for Marx himself, who was a champion of the working class. So, the upper-class Marx and his industrialist friend Engels were therefore living proof that Marx's theories are bullshit.
There is no class struggle. Every worker is interested in his own betterment, and that often means competing with other workers for the same job. This shows that worker's interests are anything but aligned. Rather, capitalist and worker interest are aligned, since one buys the labor service the other offers. Both rely on each other.
READ "Socialism" by L. v. Mises for a wholesale refutal of Marxism and other forms of socialism, especially the class struggle bullshit.
Reading Marx is not enough. You also have to think.
Marx is a contradiction. Here is why:
Marx worked as desk clerk for a while. That's why he thought business consists of mechanically filling and stamping forms.
His dad was interior minister in Germany. This is interesting, because this upper class scion postulated that each class has its own science and knowledge, and cannot even understand other classes science and knowledge. Except for Marx himself, who was a champion of the working class. So, the upper-class Marx and his industrialist friend Engels were therefore living proof that Marx's theories are bullshit.
There is no class struggle. Every worker is interested in his own betterment, and that often means competing with other workers for the same job. This shows that worker's interests are anything but aligned. Rather, capitalist and worker interest are aligned, since one buys the labor service the other offers. Both rely on each other.
READ "Socialism" by L. v. Mises for a wholesale refutal of Marxism and other forms of socialism, especially the class struggle bullshit.
I am a real Marxist, Corbyn is a trained establishment seal. He is mere puppetry for the masses to focus on whilst the Oligarchs bug out with appropriated wealth transfer during the Smoke n' Mirrors Show. Punch & Judy will play sock puppets for the Muppetts while Prince Andrew molests more children and the Whore of Babylon Queen Elizabeth II fills her face with chocolates.
Note: Did you know that the Whore of Babylon Queen Elizabeth II has a net worth of over 40 Billion? Is Corbyn her new Court Jester?
"Many are starting to realize that this could be the downturn for Britain."
The "downturn for Britain" took place when the ZIonists created the "City of London".
I likre Raphael Mechoulam.
===================
But I understand your pain. The Queen stole all your money and set up some Jews as front men to take the rap. Clever Girl.
http://www.zerohedge.com/news/2015-09-07/bed-despotic-house-saud#comment...
Oh god please let the Brits put this Marxist in power.... It will be fun to watch England eat itself.
This is rich...All the people who say the Robber Barons are the problem are suddenly changing their tune. . .Then there are those who say the rich are taking their advantage, but who moan when the rest of us press OUR advantage. Hahahaaa....
The bourgeoisie wherever it has got the upper hand, has put an end to all feudal, patriarchal, idyllic relations. It has pitilessly torn asunder the motley feudal ties that bound man to his "natural superiors" and has left remaining no other nexus between man and man than naked self interest, than callous cash payment. - Karl Marx
When I first read this I instantly understood the bullshit pandering Marx was trying feed to the emotionally weak who think life isn't fair and that it's ok to take from someone else because you are to pathetic to survive on your own.
Once you investigate the psychology of his "theory" will you truly understand how evil he and everyone who promotes this crap is. The term useful idiots is not in the lexicon by accident.
Fuck you Marx and everyone who believes like you.
"it's ok to take from someone else because you are to (sic) pathetic to survive on your own"
Sounds like the .01% to me...
"Sounds like the .01% to me..."
The hypocritical leftist elite and their cronies are the rich .01% who are dependent on the masses for their survival.
The .01% connive with governments To achieve their plundering ways. That is not a free market nor does it resemble anything remotely related to capitalism.
Crony capitalism is not capitalism. It fascism, socialism or whatever one can label it as, but capiism it is not.
The challenge for establishment toads is that Corbyn's anti-war, anti-austerity, anti-elitism position is both refreshing and popular. Either Armstrong has not read what Corbyn says (in context) or he is stupid enough to not realise that when you are on the same side as Blair and Cameron you are on the wrong side.
Oh, and Armstrong writes sentences like this: " I am routinely asked why to I resistance so persistently? " and wants to be taken seriously? - gimme a break!
"Corbyn's anti-war, anti-austerity, anti-elitism position is both refreshing and popular"
Only to lazy leftist dumbshits who want more free shit and need to worship a dictator.
How can Corbyn be anti-war if he supports Hezbollah and Hamas?
The challenge for establishment toads is that Corbyn's anti-war, anti-austerity, anti-elitism position is both refreshing and popular. Either Armstrong has not read what Corbyn says (in context) or he is stupid enough to not realise that when you are on the same side as Blair and Cameron you are on the wrong side.
Oh, and Armstrong writes sentences like this: " I am routinely asked why to I resistance so persistently? " and wants to be taken seriously? - gimme a break!
You can't change human nature... where have I heard that before? Oh yeah, it was in Marx's The Poverty of Philosophy, written in response to the utopianism of Proudhon's The Philosophy of Poverty.
Drrrrr, we all play our role in the economy... sorry empirical evidence suggests that co-operatives are more stable and crisis-proof.
http://www.thenews.coop/96859/news/co-operatives/mondragon-created-1000-...
http://sandiegofreepress.org/2015/09/the-economy-of-the-future-economic-...
Anyone who whines about Marx without knowing anything about his work is an idiot. Anyone who defends any form of Leninism is worse than an idiot.
Anyone who whines about Marx without knowing anything about his work is an idiot.
I know enough about Marx to know he was an idiot. No matter how many times he's been wrong, his followers don't give up.
There's a good biography on Marx in The Intellectuals by Paul Johnson. The man couldn't manage money. He wasted away his and his wife's inheritances, and he was always stiffing creditors. Never set foot in a factory. He was about as clueless as a fat man publishing a book on weight loss.
Have you ever read what Marx actually wrote instead of propaganda of fat books of lies taught in Colleges confusing Marx with Marxism?
There is an instructive posts that clarifies what Marx and Marxists were, and they have almost nothing in common with Marx except for a root of the word.
https://contrarianopinion.wordpress.com/2015/03/02/subversive-ideas-of-k...
Ya sorry it's a really complicated field of study. There's Marxian economics, Marxism-Leninism, various branches of that bullshit, social democracy, eurocommunism, widely accepted cultural theories from Gramsci and the Frankfurt School, anti-bolshevik orthodox marxism of Rosa Luxemburg, the left communists and council communists, sometimes called socialist liberatarianism or libertarian socialism, etc etc. Not to mention his contribution to founding sociology.
What was he wrong about? his work is about 90% descriptive, 8% predictive and 2% prescriptive. I think he was steeped in an age of excess faith in the human capacity for reason, and an age of revolution, where just in France there were 'revolutions' in 1789, 1830, 1848, 1851, 1871.
He's also known to have said things like 'if that's marxism, I'm not a marxist.' and 'ruthlessly criticize everything that exists.'
Most of what he did was synthesize pre-existing ideas from the enlightenment and French Revolution. Isaac Berlin said you can disagree with him, but only idiots have no respect for him.
You don't believe that economics is the main driver of history? You have a thorough understanding of the theory of commodity fetishism?
Race to the bottom.
"we all provide our piece of the economy that creates the whole"
Wow, that's some serious ruling class bullshit right there.
From the Urban Dictionary:
Tory
(noun) Chiefly British. Term for individual with conservative ideals and/or membership of the Conservative political party. Typically a member of the privileged élite, typified in Parliament by old-Etonians groomed for Oxbridge and further successes in their well-fed, cosseted, self-indulgent lives.
Tory
18th Century part in the Britissh parliament. Now known as the conservatives. Conservatives are now shortened to tories. What comes around goes around. Also and irish insult.
"I'm voting tory this year."
Tories
Tories is the colloquial word for supporters of the conservative party in the UK. Historically, the word Tory has also been used for those who support the British monarchy.
It is derived from the middle irish word "tóraidhe", meaning outlaw, robber and pursuit.
Its use is considered abusive, specially if it's used by opponents of the party.
"They have been lifelong tories, so it's no suprise they supports the conservatives."
Tories (plural) tend to go through life blissfully unaware of the realities most people face. Underneath all the rhetoric policies are aimed at further creation of wealth amongst the affluent and disdain for classes considered 'below' themselves.
Tories (plural)
Posh people who think, because they have racist views, are a political party. Not quite the worst in the world as the bnp and america exist.
From the Urban Dictionary:
Labour whore:
lazy skank on the government dole who will vote for any leftist Marxist dictator who promises them more free shit paid for by someone else.
From the Urban Dictionary:
Labour slut:
lazy skank on the government dole who will vote for any leftist Marxist dictator who promises them more free shit paid for by someone else.
There's lots of stuff in that urban dictionary, isn't there?
http://www.urbandictionary.com/define.php?term=conservatard
Yep, there certainly is a lot of stuff in that urban dictionary about lazy libtards like you and it even has your picture!!!
http://www.urbandictionary.com/define.php?term=Libtard
Conservative Black and White Thinking Disorder
Fight club!
Socialism, Marxism - what BS. We've had corporate socialism here since WWII - that's better for the people....at the top, fuck everyone else. Having an upper limit on wealth is absolutely reasonable, it is ridiculous that people have 10s to 100s of billions, even trillions (Rothchild) when millions starve or educational facilities are closed down or teachers get paid squat. Yeah, the system we have in place now is definitely the best one, that should be clear by now, right? Infinite growth based on infinite consumption on a very finite planet. Paradigms are the toughest thing to break, maybe because the shifts represent change t such a fundamental level - we all struggle with them, but it has to be clear by now that the current economic and financial paradigms are wrong by a freagin' mile! Thank God for Corbyn, I agree that he doesn't have the right ideas on everything but at least they are different and can be tested - then we can refine, and refine again unti we are happy. Is anybody happy with what we have now? Well, except for the Rothchild's, the creators of the central bank model dogma.
Nuff said. Hit me, hit me harder....
"Thank God for Corbyn, I agree that he doesn't have the right ideas on everything but at least they are different and can be tested"
How is Corbyn any different than the rest of the Socialist Marxists dictators like Hugo Chavez in Venezuela who promised the masses more free shit but ended up making things worse for the masses while enriching themselves and their cronies?
Nuff said.
Martin Armstrong would have bought all the anti- Upton Sinclair BS had he been there. Dumb as a mule.
http://www.rt.com/uk/315223-cameron-corbyn-national-security/
Conservative UK Prime Minister David Cameron has joined several other senior party figures in what appears to be a coordinated attack on newly-elected Labour Party leader Jeremy Corbyn, casting him as a ‘danger’ to the country.
“Labour are now a serious risk to our nation’s security, our economy’s security and your family’s security,” Cameron said in a speech. He repeated the claim in a Twitter message, which he asked others to share.
“Whether it’s weakening our defences, raising taxes on jobs and earnings, racking up more debt and welfare or driving up the cost of living by printing money – Jeremy Corbyn’s Labour Party will hurt working people,” Cameron claimed.
In contrast to Corbyn, who he characterized as a loose cannon, Cameron promised the Tories would “deliver stability, security and opportunity for working people.”
So, we don't like socialism ?
What is taxation if not Socialism.
We take money from those who have it to build hospitals and schools for everyone. That's nothing more than Socialism.
I know a lot of you would do away with all of that if you could.
Until YOU need a hospital or a school or a road to drive on or an army to defend your country.
Some of you people are very selective about the type of Capitalism you want.
A comment from RT.COM (see my post below)
"Time to form a Labour Party for The Conservative Working Class."
Another brainwashed product of socialist indoctrination?
In the past before big government socialized medicine, if people could not afford a private doctor, there were churches and charities that filled the gap.
Before state run indoctrination camps (aka public schools), there were private schools. There were churches and charities that filled the gap for those who couldn't afford a private education.
Some of you people have been so brainwashed into thinking that you couldn't survive without socialist big government?
Marx is a mule for ambitious bourgeoisie to rob and murder their counterparts and enslave everyone else. They're the most evil people in history. And provably the most murderous. This is empirically proven by the fact that exactly that has been Marxists first activity wherever they've come to power.
Only the naive and inattentive believe he offers equality. But if Communists intended equality they would not have words like "proletariat" or "bourgeoisie".
The philosophy is nothing more than a recipe for creation and control of a FSA with which to seize power.
Marx is a mule for ambitious bourgeoisie to rob and murder their counterparts and enslave everyone else. They're the most evil people in history. And provably the most murderous. This is empirically proven by the fact that exactly that has been Marxists first activity wherever they've come to power.
Only the naive and inattentive believe he offers equality. But if Communists intended equality they would not have words like "proletariat" or "bourgeoisie".
The philosophy is nothing more than a recipe for creation and control of a FSA with which to seize power.
Looks to me Corbyn is more like Thomas Paine than Marx. Corbyn wants to direct inject into modes of production and the commons.
Thomas Paine author of Common Sense, and The Rights of Man; also Father of the Revolution.
“All the principles of science are of divine origin. Man cannot make, or invent, or contrive principles; he can only discover them, and he ought to look through the discovery to the Author.”
Thomas Paine had an innate sense of fair play, he put forward the first plan for social security in America. He also called the “Continental Currency a cornerstone of our victory.”
Samuel Beck wrote on the Continental Currency “Its powerful if not indispensable agency in gaining our independence.”
Benjamin Franklin had written on the Continental. “ The effect of this currency is not understood on this side of the water (England). And indeed the whole is a mystery even to the politicians how we have been able to continue a war four years without money, and how we could pay with paper that had no previous fixed fund appropriated specifically to redeem it. This currency as we manage it is a wonderful machine…It performs its office when we issue it, and when we are obliged to issue a quantity excessive , it pays itself off by depreciation.”
Franklin realized that it this was unjust to pensioners and proposed legislation to remedy it.
Direct injection as proposed by Corbyn will go into building high speed rail, infrastructure, and other things needed by Britain. China uses state credit injected into industry, rail, airports, and the commons. They seem to be doing ok with it, stock market not withstanding (the stock market is not the real economy).
Unlike the Continental, this money will be recalled with Taxes – as the Country already exists.
"Direct injection as proposed by Corbyn will go into building high speed rail:
LOL! Just like Gov. "Moonbeam" Brown's phony high speed rail in the bankrupt state of California that goes between to small farming towns in the Central Valley and is only being built to enrich him and his leftist Democrat cronies?
"China uses state credit injected into industry, rail, airports, and the commons. They seem to be doing ok with it."
LOL!China's corrupt central planners have overbuilt entire ghost cities and infrastructure that is not needed with trillions in debt that is crashing their economy!
Dont prove others that you are a dumbo moron here because thats what you ars doing sook. Peddling bs and msm toeline hasbara #1 rule from torah borah.
Too funny. I like Franklin. But he made a nice living printing currency. Do you suppose that interest might have influenced him?
Why is it that people continually confuse non-intervention in other countrys' affairs with Carl Marx and communism/socialism?
For fucks sakes, the soviets tried it, after 70 million of their own dead, not including WWII, they threw in the towel.....and yet, idiots want to try again.
It has nothing to do with means of production. It has to do with:
1. Banks, particularly fractional reseve banks and paper money,
2. Interference in other country's affairs.
To be honest, you illiminate number 1 and number two is unaffordable.
JUST FOLLOW THE FUCKING CONSTITUTION!
Fuck!
Squid
Mm, let's see . . .
Financial markets headed south all over the world and nobody in a position to do anything about it knows what to do about it . . .
The possibility of nuclear war with Russia is several magnitudes greater than it has any business being . . .
Concentration of wealth in the United States and worldwide has reached insane levels . . .
15,000,000 people in the United States are living in extreme poverty . . .
The country is run by maniacs who destroy country after country, kill, maim and torture anybody who gets in their way and drive millios and millions of people from their homes . . .
EEK EEK EEK KARL MARX IS THE PROBLEM
Sure he is - for the capitalists.
EEK EEK EEK CAPITALISM IS THE PROBLEM SAY THE LAZY MARXISTS
They cling to their Marxist dictators who promise them more free shit no matter who corrupt and brutal they may be.
Marxism has been tried over and over again and it NEVER works!
Marxist,Socialist! What the fuck are all these stupid labels they are putting on Jeremy Corbyn?
LOL!China's corrupt central planners have overbuilt entire ghost cities and infrastructure that is not needed with trillions in debt that is crashing their economy!
I can play this game too.
LOL! All the military gear blown up in WW2 exceeds the Chinese cities by far. That was direct spend and it left destruction behind. At least the Chinese get a city out of the deal.
Somehow people are brainwashed to thing that money is "earned" by labor. Labor is only one function in the modes of production, and it becomes less of the functional part every year that goes by.
Eventually when robots are making everything, then perhaps ZH hypnotized sheeple will look up and say - hey my imagined ravings were incorrect even though Mefobills tried to explain it to me over and over.
All economics is Earth + Machine + Labor = Goods and Services. Capital as money + Capital as Machines allows labor to produce goods and services.
Earth, which is free gifts of God, provides the materials that are then transformed by labor plus machines to make goods/services.
Money is simply the means for transferring goods and services between people as per Say's law.
Money divides down at moment of transaction to allow exchange. Money is a veil or a go between allowing prices to form upon transaction.
So, imagine this: In a communist system, a oligarchy has claimed ownership on everything, land, capital and the people. This is actually supercapitalism, or capitalism at the end stage, where it has enclosed everything into one oligarchy.
In a system that spends into the commons or direct injects, overcomes the many defects in capitalism, mainly the Gap in production and also the diversion to pay for debts.
Say's law is not a complete loop, it has leakage in the form of payments to debt service, as a functional output of usury in credit money. There is also a gap in prices as industry attempts to recover waste in addition to wages. Industry also pays usury to the banker.
So, the banker always wins in the form of higher prices.
Also, wages are a lagging indicator to prices, as industry is always reluctant to pay labor first but instead captains will pay themselves or bankers first.
Marx understood captialism was defective, but he NEVER discussed the problems with usury on money, and this is how we know he was a paid agent by his banker tribesman.
I seriously doubt Corbyn is a paid agent, when in fact direct injections overcome the gap induced by usury and the losses to pay for debts. This action is the opposite of Marxism.
Amazing how brainwashed you are.
Usury on money?
Those that understand interest, earn it. Those that don't, pay it!
Amazed to seee someone making sense isnt it ? Cunt you are the only here spreading shit with your wall stret journal links. Ha! Get a grip and reboot your rotten brain .
Great stuff. Nice insights to get the wheels turning and the polemic fired up!
IMO, think about starting a Blog to formalize and linking if you haven't already.
Cheers
EDIT: The only thing I would add would be to make you analysis less about a reactionary 'Jewish' influence on events but more about a historical anthropological study on how a particular culture became such a turn-key operator for such undue influence.
IMO, take the the undeniable narrative perspective of an anthropological extra-terrestrial Leakey observing and detailing a subject's progress and development.
This history truly lacks an objective analyst.
Thanks palmereldritch.
By the way, I don't think I'm reactionary (maybe a little) on the Jewish front. I find their operations on virtually all my investigations, so I have to report it.
At first, when I started many many years ago, I couldn't believe it. I didn't want to believe that a cabal could be working as an in-group against society.
That said, man is a rent-seeker, and one does not have to be Jewish to be compromised. Man will take rents if he can get away with it, as were the merchants in Franklin's colony. There are many innocent Jewish sheeple completely unaware, and I always defend them.
Later of course, the BOE did force the colonies to stop issuing script. They also forced imbalance in trade to be paid in gold, while simultaneously making colonials use boe banknotes.
BOE operations CAN be linked to Jewish perfidy, as the bank itself was a creature of maneuvering from Amersterdam's Jews.
See, you cannot get away from Jewish operations, as they are central to any discussion about money - it is their balliwick so to speak; the colonial American's had gone rogue, issuing their own money and credit, and BOE reigned them in.
Interesting, it was probably Franklin's descriptions of Zero unemployment in his Colony that set BOE on the Warpath, and then the subsequent revolutionary war.
Paying for imports in Gold and using BOE banknotes caused unemployment to skyrocket and was real reason for the revolutionary war.
So, I try to be objective, but the Jewish problem cannot be avoided.
Sorry. I should be more precise. Not saying you are reactionary just that the response to such analysis will be predictably reactionary.
From my limited information on the history I sense the people that are apart of this religion and culture may be as much a prisoner and captive to the actions of a select elite and the mythological conditioning that seizes all such fervent religiousity in cult-like fashion.
I find the synthetic structuring of Jonestown offers potential parallels.
Enjoy your posts and insights. Think about a Blog. Maybe something with an abstract archeological/parable take on the subject that would metaphorically avoid any reactionary response. The novel Dune comes to mind...that and cult de-programming
Marx on interesr-bearing capital: Capital, V. 3, ch. 26
China has personal debts that people took on to leverage in stock market.
The stock market is not China's economy.
China is not trillions of dollars in debt... The selling of U.S. treasuries lately was to keep the Yuan in a window, where they could continue to export to their asian trading partners. The strong dollar was making them uncompetive, so they adjusted their peg.
Here's a quote from Hudson that better explains the REAL dynamics and not what is explained wrongly in popular press:
http://michael-hudson.com/2015/08/smoke-and-mirrors/
PERIES: Look forward to it, Michael. So Michael, some mainstream news outlets are saying that this is the China contagion. They need someone to blame. What’s causing all of this?
HUDSON: Not China. China’s simply back to the level that it was earlier in the year. One of the problems with the Chinese market that is quite different from the American and European market is that a lot of the big Chinese banks have lent to small lenders, sort of small wholesale lenders, that in turn have lent to retail people. And a lot of Chinese are trying to get ahead by borrowing money to buy real estate or to buy stocks. So there are these intermediaries, these non-bank intermediaries, sort of like real estate brokers, who borrowed big money from banks and lent it out to a lot of little people. And once the small people got in it’s like odd lot traders in the United States, small traders, you know that the boom is over.
What you’re having now is a lot of small speculators have lost their money. And that’s put the squeeze on the non-bank speculators. But that’s something almost unique in China. Most Americans and most European families don’t borrow to go into the market. Most of the market is indeed funded by debt, but it’s funded by bank lending and huge, huge leverage borrowings for all of this.
This is what most of the commentators don’t get. All this market runup we’ve seen in the last year or two has been by the Federal Reserve making credit available to banks at about one-tenth of 1 percent. The banks have lent to big institutional traders and speculators thinking, well gee, if we can borrow at 1 percent and buy stocks that yield maybe 5 or 6 percent, then we can make the arbitrage. So they’ve made a 5 percent arbitrage by buying, but they’ve also now lost 10 percent,maybe 20 percent on the capital.
What we’re seeing is that short-term thinking really hasn’t taken into account the long run. And that’s why this is very much like the Long-Term Capital Management crash in 1997, when the two Nobel prize winners who calculated how the economy works and lives in the short term found out that all of a sudden the short term has to come back to the long term.
Now, it’s amazing how today’s press doesn’t get it.
Amazing how brainwashed you are.
FUnny to know what retard you are. Drink your koolaid .
Here's all you need to know China used more cement in the last 4 years then the USA did in the entire 20th century! Along with all the other raw materials all paid for with debt. There is no more debt to create so demand world wide has dropped thru the floor and unless somebody else can use more cement in the next four years, then China in the last 4, we are Fucked. (can I say that word here?)
Too funny. I like Franklin. But he made a nice living printing currency. Do you suppose that interest might have influenced him?
It's like swatting flys today. Where did all of you come from?
Franklin noticed that the Philadelphia Colony had merchants that were taking over. They had left their atlantic shipping to become merchants. They were arranging contracts with suppliers and were jacking up prices. They then used those gains to buy up the lands.
Franklin noticed that for rent signs were going up, and there was a lack of money in the economy. A small class of merchants were becoming like bankers and were cornering the money supply.
They then created a state bank in the Colony. Loans were based on 8 year increments. The interest on the loans was also in 8 year increments, and it did not grow exponentially. It was even increments.
The bank also would not grab the land in the event of foreclosure.
The new debtor would hypothecate himself with his land, and then the "credit as money" would be spent into the money supply. This then alleviated the corner on metal money and other types that the merchants had grabbed through rents.
The Colony ALSO spent the extra needed to pay the usury into the commons. They spent this money on bridges and ports, which had a multiplying effect on efficiencies.
Debtor then had money in supply in future to pay both the principle and the interest. In this case, the interest was non usurious.
In today's private bank scheme, the interest is usurious. The bottom loop of debtors is always in drain. Direct spend needs to be spent into modes of production and consumption as that loop is in drain. This is why there is deflation present.
Franklin did not personally gain from the bank....that is ridiculous.. he was a civil servant in a public bank. In private banks, YES the banker fully intends on making gains, because it is a for profit corporation.
This was posted on ZH a few years ago. It relates to what we are dealing with today. Ben franin so understood that money for the citizens was different than government currency for its debts with other nations. It's worth your time for those who wish to read it.
http://www.no-debts.com/anti-federalist/files/ownmoney.txt
Cobryn is not a Marxist I am not even sure that he is a Marxian but rather a left center politician who is concerned with insane financial interests are taking power in a totalitarian style, establishing, in Marxist terms, dictatorship of capital.
Cobryn is a part of establishment and at best a reformer concerned with remedying outrages abuses of the system.
If he were a Marxist he would advocate abdication of the Queen and ex-appropriation of the English aristocracy and he is not.
There is an instructive posts that clarifies what Marx and Marxists were, they have almost nothing in common.
https://contrarianopinion.wordpress.com/2015/03/02/subversive-ideas-of-k...
Martin "there is no finacial market manipulation" & "I hope the boys at dollar, Inc will let me back in the club" Armstrong.
Yes agreed ! Armstrong is a real wanker -pushing his barrow & writing his own stupid glowing testomonials on his Web site. He serves up a lot of quasi entertaining stuff at his Web site which sets a hook BUT his denials re Gold really take the cake - not to mention his know all super duper computer. Puke!
My mental health is much better since taking his site of my visiting list :)
Brits think that they have gun control.
Wait until the Marxist gets into Downing Street.
My prediction ... near-zero firearms legally held.
All of these occurrences are merely signs of the times.
What do the people of the right want? Someone who promises to fight.
What do the people of the left want? Someone who promises to fight.
What do the people of the center want? They want to decide whether it is best to move left or right in search of a champion they can support.
What do we get when nations divide into two hostile camps promising to fight?
That's right, boys and girls.
"Are there nailguns in the UK?"
No, No. We're far more civilized here. The target is taken into a secluded wooded area and their wrists are cut. There is then a public enquiry presided over by an establishment figure with impeccable credentials, usually a Oxford educated Judge, who whitewashes the whole affair. I believe the actual act is called wet work.
The Dr. Kelly case. The man who blew the wishtle on the bogus 'evidence' about Iraq's nuclear material (that wasn't there) on which British participation to the Iraq was was based.
Corbyn has been elected because the people at the bottom have had enough.
The British pay at the bottom has declined by a whopping 14% because of imported cheap labour from eastern Europe and Poland.
There has been no trickle down - just trickle up.
Wages down. Profits up.
All council and social housiing goes to immigrants - not least Eastern Europeans who make themselves homeless when they come to Britain and are allowed to claim ours which is largely designed for our lower paid who don't get a look in.
House prices and rents are extortionate.
Many workers pay a huge proportion of their income for a roof.
Corbyn is a sign the British workers are sick of no workers rights. Sick of gross exploitation with the threat of cheap labour held over them.
This is an act of rebellion against the system.
Shame you Americans can't get the guts to do the same.
I am not a labour supporter.
But its obvious where this is comiing from and its healthy in a sense.
And it also means British politics has an opposition for the first time in 20 years.
I welcome it.
What a badly written article
Why 'NoIdea'. Because it doesn't fit with your ideas?
There are underpasses in Paris that have been specifically designed to cater for inconveniences such as Jeremy Corbyn.
I hate the simple mideness of either or arguments.
The looney left shares much with the extreme right, especially on the subject of Jews. Both are utter losers.
This article is the end of Martin Armstrong's credibility on any subject. Corbyn was the only candidate not to support Israeli terrorism so now all the Zionist trolls and politicians are after him.
Marxism, socialism, fuck your isms. Anyone living in UK has had enough of our clone soundbite politicians whose sole objective is to steal from their expense claims without being caught. This guy has been a straight arrow his entire career no wonder the slime people are shitting themselves. Go for it mate.
I avoid Armstrong as he is a total nipple.
According to this guy there are no issues worth discussing in the U.K. today except some imagined McCarthy witch hunting claims that someone is arrgggg! - a MARXIST.
In the real world Corbyn will in coming weeks be opposing the Tory trade union reforms and their vote to bomb Syria. He will bitterly oppose cuts to disabled people too.
Corbyn's arrival and the expected support from SNP and Greens will ensure these issues and many more will not be just bulldozed thru parliament.
I dont vote but as an expat i'm horrified at the state of that country today (EU too).
Replace MARXISM with DESPERATION.
All forms of resistance must be used.
It is a mistake to call these people idiots when their policies are clearly winning the power struggle on a global scale. If you think they’re fools, then you don’t understand the end game or even the game being played.
Corbyn intends to turn British politics on its head. The current political system has failed miserably to
make Britain a more prosperous and equitable nation. As long as neoliberal politicians remain in power,
nothing will change. I wish Corbyn every success.
"Conservatives" are always bemoaning the state of the US and UK, but both have been following conservative economic policies for 35 years: the results are all around us.
Marx was primarily converned with the rights of the %99.9 but he well understood the toxicity of the .01%. To equate Socialism or Communism with the USSR or Maoist China or any other totalitarian sustem is to swallow all the so-called State Capitalist propaganda generated by "The West". We have never seen a truly Socialist or Communist political system. The terms have been co-opted by Left and Right in order to eliminate any truly democratic and popluist political movements and systems.
"I am routinely asked why to I resistance so persistently?"
Im surprised youre not routinely asked "Do you speak English?"
Funny that 0hedge is now indistinguishable from the mainstream media. Doesn't matter than milliions are being drawn into politics and finally there are voices heard that dissent from the neolib zombie lobby: hedge doesn't like the coiour of his tie, so is taking its ball away and joining the other team.