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Originally Posted by ReformedSinner  To put it simply: the world have to wake up and realize the current mind-set of economy (everybody tries to be the next USA) is not sustainable, the global resources simply do not and cannot sustain our current economical structure. We are still applying mostly 19th century economic philosophy on a world that is complete different than philosophers like Adam Smith and others can ever dream of. |
I disagree, not because this isn't a crisis, but where the blame is laid. This is being blamed on capitalism, but this is mistaken. We are NOT capitalist; we are fabian, socialist, and mercantilist.
In other words, little has changed except for the worse since Adam Smith's
critique of the prevailing mercantilist system back in the 18th century. The moderate freedom from govt regulation that was achieved, and led to greater all-around prosperity has been rolled back.
Big-corporate welfare kills. Wall Street corporations pay the govt to create barriers to entry, to protect them from competition, and then take back the cash in the form of govt rents, and the higher prices they can charge consumers. So, we pay them, and we pay taxes that eventually get to them routed through our masters (who live luxuriously on the huge salaries and expense accounts we pay them, and on their lavish gifts from the corporatists).
Distortions to the market are govts FAULT, and it certainly will not be fixing its own problems soon. First, it must destroy our currency, to sustain its parasitic existence. Then, it will try to make serfs of all of us.
Don't take my word for it. Read a history book.
__________________
Rev. Bruce G. Buchanan
ChainOLakes Presbyterian Church, CentralLake, MI
Made both Lord and Christ--Jesus, the Destroyer
Acts 2:36 - 1 Cor. 10:9-10 & 15:22-26 - Hebrews 2:9-15 - 1 John 3:8 - James 4:12
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