Is It Time To Retire The Word "Capitalism"?

Authored by Charles Hugh Smith via OfTwoMinds blog,

Our current socio-economic system is nothing but the application of force on the many to enforce the skims, scams and privileges of the self-serving few.

I've placed the word capitalism in quotation marks to reflect the reality that this word now covers a wide spectrum of economic activities, very little of which is actually capitalism as classically defined. As I have explained here for over a decade, the U.S. economy is dominated by cartels and quasi-monopolies that are enforced by the Central State, a state-cartel system of financialized rentier skims that has no overlap with Adam Smith's free market, free enterprise concept,i.e. classical capitalism.

This is what passes for "capitalism" in modern-day America: the super-rich get super-richer, a thin slice of technocrats, speculators and entrepreneurs advance their wealth and the vast majority lose ground or stagnate:

Here's another snapshot of state-financier "capitalism" in modern-day America: the centralized organs of the state (the quasi-public Federal Reserve) creates trillions of dollars and hands the nearly free money to financiers, insiders and speculators, all of whom benefit immensely as this flood of cash pushes stocks into the stratosphere:

There are other versions of "capitalism" that are equally rapacious, all of which are iterations of crony-capitalism: gangster-capitalism, theocratic-capitalism, colonial-capitalism, and so on.

The key feature of these forms of organized pillage that mask their predatory nature by claiming to be "capitalist" is they ruthlessly suppress the three core dynamics of classical capitalism:

1. Competition

2. Open/free markets

3. Free flow of capital in all its forms (financial, social, intellectual, etc.)

The only way the few can pillage the many is if the many are denied access to competition, open markets and freely flowing capital. All the predatory, parasitic and exploitive systems that hide behind the word "capitalism" skim the wealth of the many into the hands of the few by limiting competition (cartels and monopolies such as sickcare and higher education), controlling markets (you must buy from the state-mandated cartels and monopolies) and restricting capital to insiders, financial elites and cronies of the state--three terms that describe one elite.

Once the few eliminate competition, open markets and access to capital, the many are enslaved, regardless of how many times the magic words "democracy" and "capitalism" are invoked to cover the systemic exploitation.

I propose we start calling things by their real names: state-financier systems of rentier skims, and all the other predatory, parasitic exploitive systems operated by the few at the expense of the many will no longer get the cover of the word "capitalism." They will be called what they are: exploitive, predatory, parasitic pillaging that enriches a corrupt self-serving elite that is enforced by a corrupt, self-serving state.

I propose we call free-market, free-enterprise, voluntary systems STOC: sustainable, transparent, opt-in, competition.

These dynamics are the antithesis of the state-cartel hierarchies that dominate the global economy and that function by enriching the few at the expense of the many. If a system is a sustainable, transparent, opt-in free marketplace of open competition, no elite could wrest control of the system to benefit itself at the expense of all the other participants.

I've explained why centralized hierarchies have only one possible output: soaring inequality and injustice in my books Resistance, Revolution, Liberation, Why Things Are Falling Apart, Inequality and the Collapse of Privilege and Why the Status Quo Failed and is Beyond Reform

I've sketched out an alternative way of living in my books Money and Work Unchained and A Radically Beneficial World.

If an economic/financial system isn't sustainable, transparent, opt-in, and wide open to competition, it isn't capitalism--it's a self-serving rentier skim trying to mask its predatory, rapacious reality. Remember, good ideas don't require force, and our current socio-economic system is nothing but the application of force on the many to enforce the skims, scams and privileges of the self-serving few.

It's time to retire the word "capitalism" and strip the predatory, self-serving and thoroughly corrupt elite of their phony cover.

*  *  *

My new book Money and Work Unchained is $9.95 for the Kindle ebook and $20 for the print edition. Read the first section for free in PDF format.  If you found value in this content, please join me in seeking solutions by becoming a $1/month patron of my work via patreon.com.

Comments

Radical Marijuana dasein211 Fri, 01/19/2018 - 14:20 Permalink

As css1971 stated:

The change happened in 3 stages.

1913

1933

1971

After the MAD Money As Debt systems were cemented into place, to enable private banks to make the public "money" supplies out of nothing, and that "money" was backed up by being required to pay income tax with that "money," then so-called "capitalism" was destroyed by the public "money" supply becoming "negative capital."

In the case of the USA, those developments had their most important milestone back in 1913:

http://hiddensecretsofmoney.com/videos/episode-4

The Biggest Scam In The History Of Mankind

http://www.conspiracyarchive.com/NWO/silent_weapons_quiet_wars.htm

Silent Weapons for Quiet Wars

"Energy is recognized as the key to all activity on earth. Natural science is the study of the sources and control of natural energy, and social science, theoretically expressed as economics, is the study of the sources and control of social energy. Both are bookkeeping systems: mathematics. Therefore, mathematics is the primary energy science. And the bookkeeper can be king if the public can be kept ignorant of the methodology of the bookkeeping. ... In this structure, credit, presented as a pure element called "currency," has the appearance of capital, but is in effect negative capital. Hence, it has the appearance of service, but is in fact, indebtedness or debt. ... if balanced in no other way, will be balanced by the negation of population (war, genocide)... They must eventually resort to war to balance the account, because war ultimately is merely the act of destroying the creditor ... War is therefore the balancing of the system by killing the true creditors (the public ...)"

The "credits" issued by private banks, as frauds enforced by public governments, are due to Civilization operating according to the principles and methods of organized crime, because those are what actually correspond to human beings and Civilization operating as entropic pumps of environmental energy flows. THE AUTHORITY TO ISSUE "CREDIT" IS ACTUALLY BASED ON THE DE FACTO HISTORY OF THE MURDER SYSTEMS, THEREBY CREATING THAT MONETARY AUTHORITY. Money is measurement backed by murder, which actually manifests through combined money/murder systems, where the debt controls are backed by the death controls. 

The "test" for reality during human history was:

"Who can kill whom?"

There is only one political system: organized crime.

There is NO generally understood language available to engage in public discussions of that fact due to the history of the biggest and best organized gangsters dominating society. Rather, not only is it necessarily the case that Civilization operates according to the principles and methods of organized crime, but also, it is a necessary corollary that Civilization has developed to become as dishonest about itself doing so as was humanly possible to make and maintain through thousands of years of history.

While it is theoretically possible to discuss human beings and Civilization as manifestations of general energy systems, it is politically impossible to do so, at the present time, and for the foreseeable future. The dominate natural languages and philosophy of science have the biggest bullies' bullshit built into their structure, which has become that the best organized gangsters, the banksters, have had their bullshit-based world view built into the ways that almost everyone thinks and communicates about politics by using the DUALITIES of false fundamental dichotomies and the related impossible ideals.

When human beings and civilizations are viewed as manifestations of general energy systems, then since those are all the same energy flowing through, one ought to use UNITARY MECHANISMS in order to perceive political science. However, attempting to do so runs into sets of consistent contradictions due to the long history of successful warfare based on deceits and treacheries becoming the foundation of successful finance based on enforcing frauds.

Those problems are almost infinitely worse than authors like Charles Hugh Smith provides some superficially correct analysis of, (and that is also the case for almost all of the rest of the content published on Zero Hedge, et alia.)

Political economy operated INSIDE human ecology. Natural selection was internalized as human intelligence, which was applied to the most important selection pressures, which were other groups of people. That drove the development of artificial selection systems to become as dishonest as possible. Moreover, the prodigious progress in physical science has enabled about exponentially advancing technologies to be applied in ways which have become about exponentially more dishonest about themselves.

Metal money backed by swords became paper money backed by gunpowder, which became electronic money backed by atomic weapons. The results are Globalized Neolithic Civilization controlled by the methods of organized crime spinning out of control as manifestations of runaway criminal insanities. ALL of the generally understood languages used to think and communicate about political affairs are based on BULLSHIT, for reasons that make sense as sets of consistent contradictions.

The only connections between human laws and natural laws are the abilities to back up lies with violence, despite that being able to do so never stops those lies from still being fundamentally false. Therefore, the prodigious progress in physical science is channeled into backing up bigger lies with more violence, in ways which result in society as a whole becoming increasingly PSYCHOTIC.

Although the laws of nature are not going to stop working, those natural laws have driven the development of artificial selection systems throughout all aspects of Globalized Neolithic Civilization to become about exponentially more PSYCHOTIC.

There are no good grounds to expect THAT to get better, instead of continue to get worse, faster, at about an exponential rate, for the foreseeable finite future of Globalized Neolithic Civilization. It is painfully obvious to anyone who looks that there is almost nothing in common between the dictionary definitions of various political terms versus social facts.

It is clearly correct to put:

"... capitalism in quotation marks to reflect the reality that this word now covers a wide spectrum of economic activities, very little of which is actually capitalism as classically defined. ... the U.S. economy is dominated by cartels and quasi-monopolies that are enforced by the Central State, a state-cartel system of financialized rentier skims that has no overlap with Adam Smith's free market, free enterprise concept, i.e. classical capitalism."

However, authors like Charles Hugh Smith continue to then recommend various superficial "solutions" which are bogus because those are based on the errors implicit in their superficial analyses.

"free-market, free-enterprise, voluntary systems"

could only actually exist as dynamic equilibria between different systems of organized lies operating robberies. While it is superficially correct to assert that "capitalism" has NOT functioned in the USA for more than a Century, since the creation of "money" out of nothing as debts has been developing as "negative capital" throughout that time, and especially since "money" no longer was backed by gold or sliver, as the last connections were cut in the USA in 1971, whereafter about exponentially increasing fraudulent "money" has manifested its runaway collective PSYCHOSES. 

The underlying issues are far more profound than merely the ways that words such as "capitalism" have become absurdly backwards within the overall context of operating within Wonderland Matrix Bizarro Worlds, where everything that Civilization does is based on fundamentally fraudulent financial accounting systems which deliberately ignore the principle of the conservation of energy and misunderstand the concept of entropy, as much as was humanly possible to be made and maintained by being able to back up lies with violence for generation after generation, through thousands of years of human history.

It is barely possible to exaggerate the degree to which the dominate natural languages and philosophy of science have had the biggest bullies' bullshit built into their basic structures. That words such as "capitalism," etc., have become mostly meaningless inversions and perversions of their dictionary definitions have far more profoundly important manifestations in the ways that almost everyone continues to think about time and space in absurdly backward ways, despite prodigious progress in mathematical physics proving that doing so was WRONG.

Infinitely greater systems of natural selection surrounded the current artificial selection systems, in ways which made and maintained those artificial selection systems to be driven to become as dishonest about themselves as humanly possible. While natural selection pressures are never going to cease, those pressures are building at about exponential rate, due to Civilization becoming about exponentially more criminally insane, due to the excessively successful control of that Civilization by the methods of organized crime, which includes the ways that doing so have driven almost everyone to become increasingly PSYCHOTIC.

What is theoretically imperative is for human beings to better understand themselves as energy systems, which are integrated into the surrounding energy systems. However, that continues to be politically impossible since the biggest and best organized gangsters made and maintained the Civilization that almost all human beings are currently living in.

The essential issues are that there must be some death control systems, while those which actually developed became most successful by becoming as dishonest as possible, as demonstrated by the ways that exponentially more "money" is being made out of nothing as debts, to be used to "pay" for strip-mining the natural resources of a fresh planet.

Money can NOT stop being measurement backed by murder. However, it is remotely possible that more people could understand that enough to develop better dynamic equilibria between the social systems which enforce frauds.

It was more than a Century ago that the monetary and taxation systems in the USA had their control recaptured by the international bankers. Since then, the vicious feedback spirals of the funding of the political processes have resulted in the USA manifesting collective PSYCHOSES, which are headed towards series of psychotic breakdowns, due to the ways that being able to better enforce bigger frauds actually results in an overall increasing fraudulence.

A world where there is exponentially increasing electronic monkey money frauds, backed by the threat of force from apes with atomic weapons, is manifesting exponentially increasing PSYCHOSES.

Since those developments were enabled by series of intellectual scientific revolutions and profound paradigm shifts in mathematical physics, such as through quantum mechanics and the special theory of relativity, the only remotely possible theoretical ways of coping with that would be for political science to go through similar series of profound paradigm shifts. That may initially begin by more people noticing the accumulating apparent anomalies, such as that words such as "capitalism," etc., have become mostly meaningless inversions and perversions of their dictionary definitions, which more and more contradict the actual social facts. However, it is NOT good enough to cope with those accumulating anomalies to return to the same frames of reference based on the old-fashioned DUALITIES of false fundamental dichotomies and related impossible ideals, such as "free-market, free-enterprise, voluntary systems."

The actual problems are due to electronic money, backed by threats from weapons of mass destruction, all of which were made possible by truly profound paradigm shifts in perception of the most basic concepts, such as time and space. Nothing less than similarly profound paradigm shifts in political science are even remotely possible to resolve the issues that are driven by about exponentially increasing PSYCHOTIC CRIMINAL INSANITIES, due to the paradoxical, excessive successfulness of controlling Civilization by applications of the methods of organized crime, in ways which the vast majority of people do not understand, because they have been conditioned to feel like they do not want to understand.

The only realistic resolutions of the real problems are better organized crime, which operates better murder systems, to back up better murder systems. Of course, doing so is becoming about exponentially more difficult, since what is actually happening are the about exponentially increasing dishonesties headed toward series of psychotic breakdowns, as the actual circumstances in which better combined money/murder systems may emerge.

It is ridiculous to recommend old-fashioned impossible ideals, such as "free-market, free-enterprise, voluntary systems." There must be some death control systems, which must have murder systems as their most extreme manifestations. Those murder systems will continue to back up money systems, because it will never be possible for there to be no murder systems, but rather, only possible for those murder systems to maintain some dynamic equilibria.

Of course, the problems regarding the combined money/murder systems, based on enforcing frauds that have harnessed electric and atomic energy, etc., are becoming many orders of magnitude worse than ever before in human history. The actually existing situations are murder systems which have become as deceitful as humanly possible, backing up money systems which have become as fraudulent as humanly possible.

People like Charles Hugh Smith provide some superficially correct analysis of those accumulating apparent anomalies, but do NOT seem to be interested in making any intellectual efforts to come to genuinely better terms than merely to denounce the degree to which labels like "capitalism" have become almost totally inverted and perverted by the triumph of "negative capital" dominating Civilization through the ways that frauds by private banks were enforced by the powers of public governments.

In order to come to better terms with those anomalies, one should go all the way through recognizing that the common sense views of time and space were WRONG. Understanding THAT becomes more and more theoretically imperative because of the mathematical physics, which already achieved those paradigm shifts, made it possible to develop globalized electronic money backed by atomic weapons.

That almost everyone continues to take for granted thinking about time and space in absurdly backward ways applies throughout all of the dominate natural languages and philosophy of science, and is especially relevant to understanding how the existing combined money/murder systems operate as symbolic robberies, through frauds being enforced.

Since time and space are generally misunderstood, the concept of subtraction is generally misunderstood, from which follows that the concept of robbery is also generally misunderstood, in ways which are profoundly WRONG, and yet, that WRONGNESS then enables sociopolitical systems based on enforcing frauds, as symbolic robberies, to continue to function.

Since the political economy is almost totally dominated by MAD Money As Debt, and has been for a long time, in the case of the USA, for about a Century, and even exponentially more so for the previous several decades, it is barely possible to exaggerate the overall MADNESS of Globalized Neolithic Civilization, especially because that MAD Money As Debt is backed by the even more MAD Mutual Assured Destruction.

In the context of such extreme overall PSYCHOSES, it is pathetic to recommend impossible ideals such as "free-market, free-enterprise, voluntary systems." Rather, what is theoretically required is for better understanding of the ways that natural laws manifested as natural selection, in order to better understand how and why artificial selection actually developed, and therefore, could actually be changed.

In reply to by dasein211

Gap Admirer skbull44 Fri, 01/19/2018 - 11:03 Permalink

We never were a fully capitalist system.  We have always been creeping towards socialism, with the pace quickening over the past 50 years.

 

Free market capitalism works.  But, it must have the vast majority of people with a moral foundation for it to work.  We are about as far from a moral foundation as possible today - especially with the statists who worship government power.

In reply to by skbull44

Hugh_Jorgan Gap Admirer Fri, 01/19/2018 - 11:16 Permalink

You nailed it.

One other thing to add is that people pine after and lament any lack of linear movement in a desired direction for their social concern du jour. Two problems there: 1. Movements are spastic and never linear when they involve the machinations of men. 2. All social change and evolution has primary, secondary and tertiary effects. This is the primary reason for 1.

So, know what it is you're looking at when you read a chart. There are lies, damn lies and then there are statistics.

In reply to by Gap Admirer

Garciathinksso Gap Admirer Fri, 01/19/2018 - 11:32 Permalink

along with a moral foundation it requires populace that does not automatically bitch to authorities  and can effectively problem solve peacefully and justly on micro level.  Government's only functions are to sustain private property rights and defend the nation (if we are going to assume current nation state boundary paradigm).  so if some nit-wit demands "there ought to be a law" our first inclination should be to oust them from civil society.

In reply to by Gap Admirer

BobEore Gap Admirer Fri, 01/19/2018 - 12:51 Permalink

Free market capitalism

is an oxymoron. Always has been. "Capitalism" as understood by "capitalists," (as opposed to the hired scribes employed to write up apologetics and paeans of praise for their shell games)

is ALWAYS intent upon monopoly as the end goal, where profit is maximized, and competition stunted, so as to make life easy. The intellectual class who have never worked within the so-called capitalist system and thus observed the actions of it's players, rather than the palavers of it's apologists, often fall in love with the theoretical doctrine of 'capitalism' as an expression of 'free enterprise' and 'innovation.' 

Capitalism in action snuffs both those qualities, and 'produces,' more than goods - barriers to entry for the truly entrepreneurial, in the form of monopolies of access to 'capital' for instance, which force the aspirant into witting or unwitting compliance with the agenda of monopolists; a self- replicating model of sequestering wealth into as few hands as possible, whether that model be 'state' capitalist or 'free market' capitalist. 

Hughes Smith is barking up the wrong tree, by trying to fit "capitalism" and 'free enterprise' into the same satchel. As Proudhon and others demonstrated well over a century ago... the two concepts are like cat and rat...

one is bound to end up dead when placed together!

In reply to by Gap Admirer

Endgame Napoleon skbull44 Fri, 01/19/2018 - 12:00 Permalink

When you vote for Bill Clinton’s Third Way / neoliberal / globalist policy positions, regardless of how you vote, you, as an individual voter, are not represented. Party platforms are not really represented. 

The Swamp, along with its useful servants, like welfare and child-tax-credit-supported illegal aliens who can work cheaply for the campaign donors of Swampians, is what is represented, whichever candidate in whichever party you vote for. 

This is not representative democracy, nor a Republic.

I will try to use the term “rentier skim,” which likely refers to people making money not by creating and sustaining productive businesses that employ lots of Americans, but by convoluted financing and rental schemes that manipulate interest to squeeze out profit. 

It seems like the crypto people are selling that market as a STOC, one that is not bound by the rules and the skimming of the rentier class. But it is still just a tool of currency; it is not a business that provides goods or services. 

In reply to by skbull44

HenryJ Fri, 01/19/2018 - 10:55 Permalink

Free market capitalism is simply the outcome of freedom. When you have limited government that respects individual and property rights, you get capitalism. When you allow government to compel some to use their labor and property to serve the purposes of others, you get socialism or worse. You can’t advocate for freedom while holding the values most contradictory to liberty.

Infnordz LawsofPhysics Fri, 01/19/2018 - 14:47 Permalink

"Capitalism" has always been a rentier fraud, because it was enabled by the fake capital of fraudulent fractional reserve currency spawned by the Alchemical to-infinity, irrational, insanity of the 18th English Financial Revolution, which was primarily to create fiat currency for the Engish government to fight European war, and to a lesser extent to boost business.

Banking and Government taxation should have always been based on land value not BS, because that reduces wasteful land hoarding, speculation, and doesn't drain savings; these were discussed by never implemented!

In reply to by LawsofPhysics

Infnordz buzzsaw99 Fri, 01/19/2018 - 16:27 Permalink

The Philosophy of Capitalism books are quite blunt and educational, that the system is run by Sociopaths with loyal Psychopaths (military) as enforcers, and that brute power is essential to control a system.  The ruling Sociopaths have become addicted power and desensitised by excessive access, so need ever more abusive/degenerate stimulus, but the system is degenerating and getting near to collapse because it cannot provide much more.

Askenazis are the worst Sociopaths, an extremely warlike Asian tribe, never victims, converted (((fake Judeans, fake Semites))), with a predatory, satanic, Talmud ideology, who were driven out of Asia, later contained by Russia; that tribe and all its works became a deadly cancer to the world, which must be completely eliminated ASAP!

Capitalism is founded on 18th century (((usury))) after Oliver Cromwell stupidly allowed (((Askenazis))) back into England for funding the English Civil War, so all (((Askenazis))) must be forever driven-out-of/banned from all countries, with fake "Israel" shunned and left to the Arabs to reconquer.

Germany National Socialism was a rational and successful movement to take back all power back from and eliminate (((Askenazis))) corruption after they betrayed Germany by causing the USA to join WW1, and only ended by (((Askenazis))) causing the UK to start WW1 by inciting Poles to murder local Germanic people, and late the USA to trigger and allow the Pearl Harbour, to con the US public, to allow it to join WW2! 

 

In reply to by buzzsaw99

MEFOBILLS Fri, 01/19/2018 - 10:58 Permalink

I propose we call free-market, free-enterprise, voluntary systems STOC: sustainable, transparent, opt-in, competition

____________

Charles, there is NO such thing as a free market. There are three kinds of markets: Elastic, Inelastic, and Mixed.  Each of these market types has rules.

A rules based non-predatory market, which seeks lowest price, is called CLASSICAL ECONOMY.

Finance Capitalism uses 'free market' mantras to take rents. Also, it is verdict of history that humans will operate as in-groups to take rents.  The Jew is a perfect example of an in-group operating against betterment of host society.  Any economist who doesn't account for group dynamics has been taking too many hits on the bong, and their brain function is addled.

When people make claims that are counter to reality, their claims should be dismissed.   

Expendable Container MEFOBILLS Fri, 01/19/2018 - 11:32 Permalink

'Any economist who doesn't account for group dynamics has been taking too many hits on the bong'

Haha! I always enjoy your point of view mefobills!

Now what would the Jews do without their favourite whipping boy - the word 'Capitalism'? When the Jews created Communism (yes they did), its very premise was and is dependent on feeding the masses a hatred for the new enemy.....'capitalism'.

 

In reply to by MEFOBILLS

MEFOBILLS Expendable Container Fri, 01/19/2018 - 12:01 Permalink

The hooked nose ones used their Wall Street Capital to fund the Bolsheviks.  It was a lot of money to fund the overthrow of Tsar.

Finance Capitalism is the right word that Charles is grasping for but doesn't understand.

This is using private banks to create debt instruments over populations.  It creates a credit master and debt slave relation.

Industrial Capitalism like what Kaiser's Germany had, was a threat to finance capitalism.  Later, when Hitler resurrected Industrial Capitalism it was a threat to both finance capital and its child - communism.

Yeah, I pretty much get sick of dumb ass economists.  Finance capitalism was invented by the Jew's in Amsterdamn, and then the parasite jumped to England, and finally to the U.S., and now is attempting to take over the world.

 

In reply to by Expendable Container

RedDwarf MEFOBILLS Fri, 01/19/2018 - 12:37 Permalink

"Charles, there is NO such thing as a free market...Each of these market types has rules."

Freedom does not mean no rules, it means the absence of overt coercion and force.  You are perverting the meaning of the word in this context.

"When people make claims that are counter to reality, their claims should be dismissed."

You are the one making claims counter to reality.  When two people decide to have sex of their own choice for example, that was in effect a free market choice even if the transaction is only each other's pleasure and time.  The majority of all interactions are voluntary in nature, but rules still usually apply.

Your argument would boil down to claiming all sex is rape.

In reply to by MEFOBILLS

MEFOBILLS RedDwarf Fri, 01/19/2018 - 14:30 Permalink

Freedom does not mean no rules, it means the absence of overt coercion and force.

 

Your free-dumb ends when it infringes on mine.  Ergo, freedom can ONLY EXIST in a rules based world.

If somebody, or a in-group are manipulating markets to take rents, that is theft.  For example, front running the market means that YOUR 401k does not increase, but somebody is getting rich at your expense, albeit unknown to you.

They are free to do this?  Yes, even though it is parasitic.  Overt force is required to stop those things that destroy higher civilization - we are not monkeys just grabbing things.

I don't know how you got the sex rape thing going?  If two consensual adults want to get it on, then go for it.  However, if one of them has ulterior motives that is bad.  Let's say the woman grabs your condom out of the trash, and then uses a turkey baster to inject herself. 

Then later she says, SURPRISE -here is your child!  Give me child support.

Is she Free to do her actions?  She will use the state to put you in jail if you fail to pay.

A legal world implies overt coercion and force.  It also implies that overt coercion and force are properly applied, not miss-directed.

In reply to by RedDwarf

Snout the First Fri, 01/19/2018 - 11:00 Permalink

Yes, over the past 100+ years we've allowed free market LF capitalism to be destroyed by their creeping Fabian strategies. But each of us can still choose to participate  in their system as little as possible.

herkomilchen Fri, 01/19/2018 - 11:02 Permalink

Yes, it's absolutely vital to make the distinction between capitalism and cronyism.  But is the way to do that surrendering the word "capitalism?"

Then we cede them the power to redefine words out from under us to suit their aims.  They'll just take over the next set of words, freedom-is-slavery style.  Don't think we should go along with that.

Falconsixone Fri, 01/19/2018 - 11:12 Permalink

Just better talk about it for a few more years. I'm sure that will work. Let's retire the word "capitalism" today and think about the word "war" for a while. Thanks for the update Commander Diddles.

Roger Ramjet Fri, 01/19/2018 - 11:13 Permalink

I'm betting that few Americans fully understand that the Federal Reserve is a private banking syndicate, working for private banks.  Until that revelation is fully understood, crony capitalism will continue.

Congress really should take the term "Federal" out of the name as it infers a government entity with a mandate to actually serve the American people.

Perhaps its also time to put this function out for bid.  I mean if we are going to outsource this very important function, why should we be held hostage to these intellectual idiots who make policy behind closed doors, with no reporting requirement and not subject to audit.

Expendable Container Roger Ramjet Fri, 01/19/2018 - 11:50 Permalink

The (private owned) Federal Reserve is illegal, like the IRS and filing a tax return, as they are against the Constitution. All we need to do is return to the Constitution but since 99% of lawmakers are bribed or blackmailed, don't hold your breath. Aaron Russo (RIP) bravely tried to educate Americans to the illegalities in his movie documentary "AMERICA: FROM FREEDOM TO FASCISM" https://www.youtube.com/watch?v=O6ayb02bwp0

If we go straight to the top central bank controlling all others on earth, the BIS, it too is a privately owned bank, totally untransparent and unaccountable and specifically it is actually above the law. Even its physical site in Switzerland is independent of Switzerland and its laws. So we are being controlled in a totalitarian manner by international financiers.

 

In reply to by Roger Ramjet

Hkan Fri, 01/19/2018 - 11:14 Permalink

System is irrelevant.

Greed driven there is no system in the world that sustain.

As long as we still 2018 dont understod making "GREED" our no1 enemy we will keep collapsing over and over again.

earleflorida Fri, 01/19/2018 - 11:28 Permalink

this has all been orchestrated by the 'Illuminati' !?!     (1776 Weishaupt order created)

1911 was to be the roll-out of the FRB System, [but] a few key pieces to the greatest threat to America's independence needed some fix`ing. (note: J.P. Morgan dies after the fix was in after visiting the Pope in 1913?) 

Taft's lateral pass to Wilson and a Mr. Morgenthau Sr..

***(Important: Henry Morgenthau Jr. ran FDR's Adm.)*** 

https://en.wikipedia.org/wiki/Henry_Morgenthau_Sr.

both on link (not direct)?

of special interest: Meyer Amschel  Bauer (rot`schild) symbolic Red Shield represents Rothschild  and Moses Herz Schiff shared a house (The *Green House* [all jews employed symbolism?!?] in the latter-half of the 18th century) together on the 'main' in Frankfurt, Germany --- Schiff's lineage (Jacob etal.) was sent to America to do Meyer's bidding! (Rothschild's five sons set up banking houses in Europe & *England (BOE) [Nathan]

ref:  (Note: the Illuminati Order came into its own 1776)  

http://www.redicecreations.com/specialreports/2005/08aug/redshield.html   http://www.redicecreations.com/speicialreports/2005/08aug/redshield.html

http://12160.info/profiles/blogs/the-evil-house-of-rothschild

https://www.truthcontrol.com/jacob-schiff