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Jeff Booth - Emma Goldman - Abby Martin & Richard Wolff & Peter Phillips - Abby Martin & Peter Joseph - Spitting Image TV - Joe Crow Ryan - The Corbett Report - Naomi Klein & The Shock Doctrine 2009 - Saving Capitalism 2017 - The China Hustle 2018 - 97% Owned: Economic Truth 2012 - Capitalism is the Crisis 2011 - The Treason Trilogy 2011 - Chris Hedges - Betting on Zero 2016 - The Keiser Report TV - 

 

 

135,474.  The world order, largely intact since the end of the World War II, seems to be breaking down.  Capitalism, and its relentless march towards progress, allowed many to win.  Although no system is perfect, the rules by which capitalism operated were well regarded and understood.  You could expect that if you made a big bet and were wrong, you would be wiped out — but if you were right, your hard work, ingenuity, or risk taking would be rewarded.  In game theory, we could call this a dominant cooperative strategy, and it dominated for the better part of the twentieth century.  The rise of fiat currencies that could be manipulated domestically and the bailout in 2008 changed that strategy to one where the players whose bad bets caused the crisis, instead of being wiped out, were rewarded handsomely.  Capitalism’s long-dominant cooperative strategy was replaced by a non-dominant strategy, crony capitalism, where the cheaters won.  Jeff Booth, The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

 

 

135,491.  Transitioning from an inflationary world to a deflationary world – people should be scared.  There is going to be disruption and that disruption is coming no matter what.  There is nothing fundamental that governments can do to stop the rate of technology progress.  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  Jeff Booth, interview The Keiser Report August 2020, author The Price of Tomorrow: Why Deflation is the Key to an Abundant Future

 

135,492.  You have technology moving at an exponential pace driving prices down, and governments all around the world [are] caught in an inflationary trap that they created themselves our of monetary policy, fighting that force.  And I would ask a simple question – isn’t it good when the value of your money goes up, and prices go down?  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid.   

 

135,493.  The abundance of technology would be broadly distributed.  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid.  

 

135,494.  It’s not going to go on for ever no matter what … It doesn’t matter until it does.  One giant thing they miss that this is they assume a reserve currency goes on for ever, right, and you can just keep printing and people just trust in your currency.  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid.   

 

135,495.  What if a country, let’s say China, created a currency and decided to keep on printing for ever, and they used the currency and they used it to buy the world? … Would we trust that currency?  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid.   

 

135,496.  And so you can see from that thought experiment that if you just keep on printing money, people lose faith in your currency, and so you don’t have a reserve currency any more.  So there’s a whole bunch of people like I think are like brainwashed in this ‘debt doesn’t matter’, that this can go on for ever.  And it’s going to happen gradually … There is nothing that can that stop this.  We are going to have deflation for sure.  Structurally, technology requires it.  The path to get to deflation could end up through hyper-inflation first – currency default, debt default – it could happen a whole bunch of different ways but we are going to have deflation anyhow.  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid.   

 

135,497.  The concentration of wealth because you’re fight a natural force – Capitalism can’t work, right, so effectively the Government is the market today.  Free market principles don’t work any more.  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid. 

 

135,498.  Deflation we’ve never seen in our lifetimes.  What if next year everything around you got cheaper?  All it does is increases the value of your savings, and decreases the value of your assets.  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid. 

 

135,499.  What do you think the top five technology companies are at historic heights?  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid.                 

 

135,500.  Everybody knows it.  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid. 

 

135,501.  More band-aids on a systematic, a structural change that has to take place.  And so what they’re really trying to stop is a revolution, right, but they’re making the revolution more likely.  (Inflation & Capitalism & Economics & Technology & Future & Prices & Value & Money & Dollar & Currency & Cryptocurrency & Market & Debt & Revolution)  ibid. 

 

 

120,739.  That cursed society in which one may see a single man spending uselessly enough to feed thousands of families, an infamous society which permits a few individuals to monopolise all the social wealth while there are hundreds of thousands of unfortunates who have not even enough bread that is not refused to dogs, and while entire families are committing sucide for want of the necessities of life.  (Capitalism & Society & Anarchism)  Emma Goldman, Anarchism and Other Essays ***** audiobook 6.57.08, part III  

 

 

102,319.  From a young age we’re taught fidelity to the system and to the state … In almost every industrialised country in the world socialist parties have huge representations … but in America everyone knows that being called a socialist or a communist carried an immediate negative connotation.  (Capitalism & Socialism & Repression & Communism)  Abby Martin: The Empire Files: America’s Unofficial Religion: The War on an Idea, Youtube 2015

 

102,320.  In the late 1800 there was an intense battle between organised labour and the country’s industrial capitalists.  (Capitalism & Socialism & Repression & Communism)  ibid.  

 

102,321.  It’s been a real battle with real weapons.  (Capitalism & Socialism & Repression & Communism)  ibid.

 

102,322.  Repression in the country’s was reinforced by hired gangs and lynch-mobs.  (Capitalism & Socialism & Repression & Communism)  ibid.  

 

102,323.  But with the new law every single union officer was required to sign an affidavit pledging that they did not believe in socialism.  If you did not sign, you lost your job.  (Capitalism & Socialism & Repression & Communism)  ibid.  

 

102,324.  Under the Smith Act it was deemed illegal for anyone to be a member of the communist party.  (Capitalism & Socialism & Repression & Communism)  ibid.  

 

102,325.  The old guard will use every weapon in its arsenal.  (Capitalism & Socialism & Repression & Communism)  ibid.

 

 

102,311.  In a country that declared the end of socialism a major poll released in January 2016 revealed something unexpected: 43% of people under 30 in the US viewed socialism favourably; compared to only 32% viewed capitalism favourably.  (Capitalism & Socialism)  Abby Martin, The Empire Files: How Capitalism is Killing Itself with Dr Richard Wolff, Youtube 2016

 

102,312.  The problems are systemic.  (Capitalism & Socialism)  ibid.  Wolff

 

102,313.  The system has in it problems it is constantly struggling with because they are built into the system.  (Capitalism & System & Socialism)  

 

102,314.  They don’t see a way out and I don’t either.  (Capitalism & Socialism)  ibid.

 

102,315.  Here in the United States you see the theatrical buffoonery.  (Capitalism & Socialism)  ibid.

 

102,316.  Democratize the Enterprise.  (Capitalism & Socialism)  ibid.  

 

102,317.  Those at the top will buy the political system.  (Capitalism & Socialism)  ibid.

 

102,318.  You [employer/corporation] just ripped people off.  (Capitalism & Socialism)  ibid.

 

 

110,394.  Our economy is based on comsumption, and advertising is the arm of creating artificial demand.  (Capitalism & Advertising)  Abby Martin, The Empire Files: Abolishing Capitalism with Peter Joseph, 2017, Joseph

 

110,395.  Where is the sympathy?  Where is the actual binding purpose of an economy which is to provide for everyone ideally?  The sickness is becoming incresingly more palpable.  ibid.

 

110,396.  83% of all stocks are owned by 1% of the population.  (Capitalism & Stocks & Wall Street)  ibid.

 

110,397.  It’s a cancerous disease.  (Capitalism & Stocks & Wall Street)  ibid.

 

110,398.  Wall Street: there is nothing positive that this institution does.  (Capitalism & Stocks & Wall Street)  ibid.  

 

110,399.  So you have today about $200 trillion in debt in the world and about $80 trillion in currency.  (Capitalism & Debt)  ibid.  

 

110,440.  Every time there’s a bust … creates cheap labour.  ibid.

 

110,441.  The waste is insane.  ibid.

 

110,442.  The medical industry is the best example of artificial scarcity … The biggest fraud industry out there.  ibid.

 

 

126,984.  We live in a world of over-abundance yet the gap between the rich and the poor continues to dramatically deepen.  The 26 richest people on the planet now hold the same wealth as the 3.8 billion poorest.  (Wealth & Privatisation & Capitalism)  The Empire Files: Giants: Who Really Rules the World? Abby Martin online 2019

 

126,985.  200 people control $50 trillion … a lot of those decisions aren’t favourable to most people … One of the problem with capital and capitalism is that it needs to continue to grow … They run out of places to invest … Literally privatise the world … everything is privatised, so the public domain is bought up …  (Wealth & Privatisation & Capitalism)  ibid.  Professor Peter Phillips  

 

 

103,306.  You know, Thora, whatever one says about the limitations of a capitalist society it has achieved a remarkable diversity of sweet-tea biscuit.  Spitting Image s8e4, ITV 1990, Alan Bennett  

 

 

105,464.  Goldman Sachs is just plain evil

They are evil as can be,

Goldman Sachs are such a liar

They say one and one makes three

When the funds they sold their junk to

Tanked, they went on a spree

Goldman Sachs is just plain evil

They are evil as can be.  (Capitalism & Banksta & Evil)  Joe Crow Ryan, 2010 song Youtube

 

 

105,465.  In our post-Lehman, post-subprime, post-banksta-bailout world, Goldman Sachs is a synonym for evil.  (Capitalism & Banksta & Evil)  The Corbett Report, ‘Meet Goldman Sachs the Vampire Squid’

 

105,466.  ‘They’re pathological.’  (Capitalism & Banksta & Evil)  ibid.  F William Engdahl

 

105,467.  ‘The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells of money.’  (Capitalism & Banksta & Evil)  ibid.  article  Matt Taibbi, Rolling Stone magazine

 

105,468.  ‘How Goldman Sachs basically created, did the great crash of 1929.’  (Capitalism & Banksta & Evil)  ibid.  Thom Hartmann show 2009, cited Galbraith

 

105,469.  Goldman’s contribution to the subprime meltdown of the previous decade …  (Capitalism & Banksta & Evil)  ibid.   

 

105,470.  ‘So for Goldman to get into the ten billion dollar cheque for bailout they had to go from a gambling house, an investment bank, into a nice commercial bank.’  (Capitalism & Banksta & Evil)  ibid.  Greg Palast, interview Democracy Now

 

105,471.  The tissue of wanton criminality that permeates the very fabric of Goldman Sachs history.  (Capitalism & Banksta & Evil)  ibid.  

 

105,472.  ‘Doin’ God’s work.’  (Capitalism & Banksta & Evil)  ibid.  Lloyd Blankfein

 

105,477.  When Goldman Sachs becomes Government Sachs … well who is going to stop them and how?  (Capitalism & Banksta & Evil)  ibid.

 

105,478.  Save this company, don’t save that one – who’s making those decisions?  Oh that’s right, Hank Paulson, ex-Goldmanite.  (Capitalism & Banksta & Evil)  ibid. 

 

105,479.  Wait – did he say drain the swamp or to fill the swamp as quickly as possible with as many members of Goldman Sachs as can possibly be stuffed into it?  (Capitalism & Banksta & Evil)  ibid.  

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