Wednesday, January 12, 2011

How To Fix Capitalism

The Harvard Business Review magazine contains the article How To Fix Capitalism. In this audio interview about the article ideas such as health, sustainability, and profits without jobs are mentioned and brushed off to instead discuss "what is good for society is good for business" and "shared value" while missing the elephant in the room - we don't have free-market capitalism. Instead we have a system of corruption led by the private cartel Federal Reserve with protection by the corrupt financial system regulators in the malfeasant SEC.

While 71% of the people understand we need to change, government will likely continue to support the economic fraud.

Some 71 percent of those surveyed oppose increasing the borrowing authority, the focus of a brewing political battle over federal spending. Only 18 percent support an increase.

Familiar faces such as those of Reps. Michelle Bachmann (R., Minn.) and Ron Paul (R., Texas) have been joined by a chorus of freshman members, many of whom explicitly campaigned against raising the debt limit.

However, most Republicans, bowing to reality (and remembering the blow that the GOP’s reputation suffered as a result of the 1995 shutdown), have decided on a more pragmatic approach.

The media conspire with government and corrupt financial services companies to push for unsustainable deficit spending by calling it "pragmatic". Advocating for what has failed is not pragmatic, it is crazy.