Generosity Works - Capitalism Works - Markets Work
Is the Capitalist system perfect, no, are there things that we can do better to move to a populous-based free market, yes – the key point to remember, despite its faults, Anglo Capitalism has effected the highest generalized state of being in history. Is there a group of people who have accumulated a large amount of wealth and influence, yes; this is a reality inherent in any human endeavour, influence pools. Please do be reminded that at the height of the Soviet Empire, about 250,000 elites held sway over the whole thing – a completely different kind of 1%, a 1% with police and military.
Is the Capitalist system perfect, no, are there things that we can do better to move to a populous-based free market, yes – the key point to remember, despite its faults, Anglo Capitalism has effected the highest generalized state of being in history. Is there a group of people who have accumulated a large amount of wealth and influence, yes; this is a reality inherent in any human endeavour, influence pools. Please do be reminded that at the height of the Soviet Empire, about 250,000 elites held sway over the whole thing – a completely different kind of 1%, a 1% with police and military.
There are, embedded in our institutions – from Universities to Banks – Trotskys that spring to the surface whenever things go wrong. They are there to try and grab hold of every down cycle and scream from the rooftops about the instability of the Capitalist system and its inequities. They make this noise from the feather bed they want to expand – a large mass of largess from Byzantine structures that tend to breed more Byzantine structures.
It is curious to me that from this lot one hears a constant din of verbiage having as its main thrust MORE REGULATION; it is regulation that provisioned the means for financial deepening to occur. One of the largest negative outcomes of the 2008 financial crisis was the collapse of the US real estate market; the collapse was effected in large measure by Freddy and Fanny Mac – government institutions and companion REGULATION, a regulation which permitted the creation of financial instruments that isolated lenders from risk. When a Trotsky says MORE REGULATION, they mean, another means by which to take more from people actuating themselves in the market. REGULATION IS NEEDED, but regulation that makes transactions transparent and, most importantly, facilitates the markets and the flow of capital.
My Uncle said "bad Conservatism was the birthplace of Marxism"
Mass attracts, it is the case from atoms to planets, and it is the case with capital - as it is with influence. Carl Marx understood this about capital, his analysis was outstanding, his solutions, however, were disastrous. What is required is a means to have people, by virtue of their participation in the economy be able to capitalize on their efforts over time to a sufficient degree, and on a timely enough basis, they can enter commerce. There needs to be a culture of leadership and investment in the business environment at large to seed growth with generous access to capital.
It is critical that capitalism is popularized in an aggressive way to broaden prosperity – a generalized state of prosperity is the goal. There are some in the 1% that are seeking control through power and influence, to them I say, release the inclination to control and enjoy the fruits that accrue to all from prosperity; most importantly, remember there is nothing to fear from prosperous and happy people. There is a large portion of the 1% that are just good at what they do and have accumulated wealth as a result; they know, that prosperity breeds prosperity – they are eager to seed more of it.
The joy of Capital working in a healthy market is that resources pool and flow in very rational ways. One can view Capital as an abstract representation of all energies that supply the human enterprise, there needs to be mechanisms that permit it to pool to a sufficient degree to allow for the “energy” to facilitate the massive undertakings that have provisioned our present state of well-being.
There are reforms required to streamline the financial system, make it transparent and deal with the current state of sustained financial deepening. It is worth remembering, however, that the gestalt that has emerged from the co-existence of a market economy, the financial system and the democratic process has been nothing short of miraculous in what it has provisioned us. The Trotskys are letting “distribution” and “sour grapes” fuel their discontent as a means to spread discontent. Never in history, has a government, formed and actuated with equality as its primary concern, managed to achieve equality or last – a 1% always forms. The focus needs to be on equitable treatment of the populous in general and the opportunity to access capital and the market. Equality will never happen here, but prosperity will, prosperity feeds a generous spirit in society as a whole.
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Canada - Economic Stagnation Nation?
Canada - Economic Stagnation Nation?
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