Thursday, March 19, 2009

Why Anti-Capitalism is a Good Thing

Wars are fought with more than just guns and bombs. In addition to these tried and true instruments of destruction, economic and financial “meddling” to disrupt an enemy economy has always been recognized as another effective lethal weapon. During WWII, European countries on both sides of the conflict flooded each other with counterfeit money to devalue the currency of the opposing side. In the late 1980s, toward the end of the Cold War and after the early ascendency of computers, all Pentagon WWIII war gaming included plans to hack into the Soviet computers which controlled the Soviet economy. Even today, as we’ve chased down Al Quaeda enemies following 9/11, a major part of our anti-terrorist strategy has been to go after their funding. And now we’re dealing with the fallout of destruction caused by a relatively small number— fewer than 20,000— Wall Street insiders who put personal enrichment above loyalty to country or old-fashioned American patriotism. What these people did in the name of American capitalism was nothing less than an act of war, and if these guys had been foreign nationals, then a proper response by our government would have been to bomb the capital of their host country into oblivion.

I contend that the “financial products” bombs that have been dropped on America by Wall Street have caused broader and deeper misery across the nation than the death and destruction of 9/11. Any system can go too far in a negative direction, and capitalism is not immune to this, and right now American capitalism has gone too far and it’s more of an enemy than a friend. Yesterday, Rush Limbaugh was on a rant in defense of capitalism, accusing President Obama of trying to dismantle capitalism. With his $400 million dollar bankroll, Limbaugh can be counted on to be on the wrong side of any economic issue, and yesterday was no exception. If Obama is anti-capitalism at the present time, that’s a good thing— at least until the economy is fixed. Right now, the capitalists are America’s enemy.

1 comment:

Michael Arnett said...

So what do you suggest? Please provide us with a solution. If capitalism is bad, how should the US change? Please enlighten us with a superior system so we can dismantle the most successful and prosperous nation in history and become even better. In your response please explain how your superior system trumps capitalism. Please reference life, liberty, and the pursuit of happiness and how your replacement system enhances and surpasses our current system. An historical viewpoint would be helpful, i.e. how alternative systems have benefitted their constituents and provided stability and prosperity in their lives in the past. Please benchmark the results against the capitalist system in the US and the impact it had and has on the citizens of the US. I'll be looking forward to your next post.