(no subject)
My first post in a long time. . . life is great, overall. But I have to talk about this global economic system.
Certainly, our government is trying to bail out banks, preventing an economic collapse. Even that will raise inflation. . . and that's our best option. The best option, then, is bad for us. It assumes the bailout will help the banks, and our economy won't crash. Simultaneously, Democrats and Republicans are trying to give tax rebates. . . republicans would give about $600 per family that paid income tax (meaning they would overtly be giving money to the wealthier citizens and not to the poor), while the democrats would give about $600 to all families. The republican plan would not stimulate the economy. . . the rich tend to sit on their money, and only circulation would help the economy.
Even still, that would further impoverish the American people. The revenue would be cut to the government AND US citizens would simultaneously have to pay high inflation and pay off the bailouts the government gives.
A liberalized free market, other than generating extreme income and power differentials, also limits the good a government can do for its people, and creates an opposition against democracy in the political and economic spheres. How do we weather this storm? We have three options. (1) we maintain ownership of the means of production in the hands of the corporations, and so the distribution of all goods is owned by the market and protected by state coercion; we cannot pay for goods in the recession AND our emerging American debt, we starve. (2) we can attempt to maintain some variety of the welfare state, but with (a) capital flight from the US into foreign countries, (b) financial burdens caused by our global debt, tax cuts, war, the falling dollar, the foreign purchase of American capital taking both American profits (preventing their circulation within our economy) and removing themselves as a tax base (a more indirect version of capital flight), and public bailout of corporations, the government would have (1) a hard time providing welfare security for its people, (2) supporting the ideology to do so, and (3) maintaining security against international markets in any form. The final solution, (3) socialized purchase of these corporations by the US would allow the government to produce goods directly for its people, give it direct control over investment, allow its profits to go to the public, rather than public taxes go to corporations, and allow the government to alleviate this crisis. But we will never do that. Our government likes the rich too much, and the poor too little.
Certainly, our government is trying to bail out banks, preventing an economic collapse. Even that will raise inflation. . . and that's our best option. The best option, then, is bad for us. It assumes the bailout will help the banks, and our economy won't crash. Simultaneously, Democrats and Republicans are trying to give tax rebates. . . republicans would give about $600 per family that paid income tax (meaning they would overtly be giving money to the wealthier citizens and not to the poor), while the democrats would give about $600 to all families. The republican plan would not stimulate the economy. . . the rich tend to sit on their money, and only circulation would help the economy.
Even still, that would further impoverish the American people. The revenue would be cut to the government AND US citizens would simultaneously have to pay high inflation and pay off the bailouts the government gives.
A liberalized free market, other than generating extreme income and power differentials, also limits the good a government can do for its people, and creates an opposition against democracy in the political and economic spheres. How do we weather this storm? We have three options. (1) we maintain ownership of the means of production in the hands of the corporations, and so the distribution of all goods is owned by the market and protected by state coercion; we cannot pay for goods in the recession AND our emerging American debt, we starve. (2) we can attempt to maintain some variety of the welfare state, but with (a) capital flight from the US into foreign countries, (b) financial burdens caused by our global debt, tax cuts, war, the falling dollar, the foreign purchase of American capital taking both American profits (preventing their circulation within our economy) and removing themselves as a tax base (a more indirect version of capital flight), and public bailout of corporations, the government would have (1) a hard time providing welfare security for its people, (2) supporting the ideology to do so, and (3) maintaining security against international markets in any form. The final solution, (3) socialized purchase of these corporations by the US would allow the government to produce goods directly for its people, give it direct control over investment, allow its profits to go to the public, rather than public taxes go to corporations, and allow the government to alleviate this crisis. But we will never do that. Our government likes the rich too much, and the poor too little.