Paul B. Farrell: We are past the point of no return, thanks to Super Rich

[marmar]

April 19, 2011, 12:01 a.m. EDT

10 Doomsday trends America can’t survive
Commentary: We are past the point of no return, thanks to Super Rich

By Paul B. Farrell, MarketWatch


SAN LUIS OBISPO, Calif. (MarketWatch) — Doomsday Capitalism? Capitalism is killing America? Yes, that’s the message in my tenth book. “Doomsday Capitalism, 10 Self-Destructive Trends.” But you’ll never see it in print. No one, even book publishers want to read this truth: Capitalism is destroying America.

Why? Super-Rich Capitalists get rich off these macro trends. They want happy talk. Back in 2007 Vanguard founder Jack Bogle called my warnings “prescient.” But that didn’t stop the meltdown. Next time financial historians warn of a bigger meltdown; a total collapse has been the destiny of every nation for eight centuries. This time, capitalism is the saboteur.

Yale scholar Immanuel Wallerstein warns that capitalism’s at the end of a 500-year cycle: The “political struggle is over what kind of system will replace capitalism, not whether it should survive.” We cannot stop this cycle.

Yes, Super-Rich Capitalists will fight to the death. But destiny is trapped in our DNA, historians warn, and will not change. America is run by these short-term thinkers. They never learn the lessons of history. They do not want you to know that their capitalism is self-destructive, that capitalism’s cycle is in a suicidal end game, that their “mutant capitalism,” as Bogle calls it, is destroying the very soul of America’s democracy. .............(more)

The complete piece is at: http://www.marketwatch.com/story/10-doomsday-trends-america-cant-survive-2011-04-19

[xchrom]

1. Recommend

[n2doc]

2. K and R good, depressing read

Will we have the guts to prepare for the collapse?

[Poboy]

3. kick , recommend, bookmark, and thank you!

[Poboy]

4. OP, you should have used the article's headline. Your title is not as good.

excerpt-
Instead, leaders inside this conspiracy want Americans to follow their rigid doctrine: In Milton Friedman’s 1962 “Capitalism and Freedom,” the bible of Reaganomics; In Ayn Rand’s manifestos that guided Alan Greenspan and now Paul Ryan; and in Steve Forbes post-meltdown apologia, “How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today’s Economy.”

Capitalism has become a religion for the Super Rich, with many such “saviors.” Heresies must be denied, such as this one: Doomsday Capitalism is destroying America from within. Here are highlights, with links to a few of the earlier hundred columns on topic. Ten macro trends building to a perfect storm, a critical mass, a flash point:



Much more at link

[marmar]

5. I just used the subhead.

nt

[Poboy]

7. well, you should have used the head. Thats what it was made for.

[marmar]

8. Umm, thanks for the advice.

nt

[Name removed]

9. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Poboy]

12. Hurt feelings? Thats too bad.

[tavalon]

21. Politeness, please

It's the only lube we have left.

[truth2power]

25. Why so cranky, poboy? ...

The only time it's required to use the headline is in LBN.

Save your anger for the trolls....um, not that there are any around here. :)

[HughBeaumont]

22. I remember dicing Forbes' stupid book up earlier.

He deserves to be kicked dead in his tiny brass BALLS for some of the shit he says in it. WHAT a "born on third base, thinks he hit a triple" asshat".

[ej510]

6. This is so true.

Malcom X: "It is impossible for capitalism to survive, primarily because the system of capitalism needs some blood to suck. Capitalism used to be like an eagle, but now it's more like a vulture. It used to be strong enough to go and suck anybody's blood whether they were strong or not. But now it has become more cowardly, like the vulture, and it can only suck the blood of the helpless. As the nations of the world free themselves, the capitalism has less victims, less to suck, and it becomes weaker and weaker. It's only a matter of time in my opinion before it will collapse completely."

[ThomWV]

10. How does garbage like that manage to get published?

Tripe.

[marmar]

11. "How does garbage like that manage to get published?"

What, the truth? ..... I happens every now and again, even on MarketWatch.

[Thunderstruck]

13. Break it down.

[Taverner]

19. Hey, the truth hurts sometimes

You can live with rose colored glasses on, and I guess that's a nice way to blissfully ignore everything

Or you see all the FREAKIN EVIDENCE that shows this to actually be true

[Poboy]

14. .

[pinkkillersheep]

15. This guy sounds about as frustrated and pessimistic as me. I agree 100%.

[Poboy]

17. welcome to DU. -nt

[DemReadingDU]

23. same here

welcome to DU!
:hi:

[Octafish]

16. A Planet Full of Hitlers

...the world’s billionaires and their hounds of the BFEE want to spend it all before they die....

[Canuckistanian]

18. "America is run by these short-term thinkers"

Ain't that the truth.

[truedelphi]

20. Iceland has told the Super Elite -

S___ My Ass.

Just S___ it.

And it's time everyone else band's together and tells the Elite that too.

[paparush]

24. Shockingly, that article was not well received over at MarketWatch.

:sarcasm:
I guess the truth stung a little.