Originally Posted by Dannon Oneironaut
As an example, the banks get a deposit of $100 made out of nothing from the federal reserve. The banks then loan out $10 each to eight people. These eight people deposit their $10 in the bank, now the bank is allowed to loan out $164. This goes on and on. Now there is not enough currency or cash in existence for everyone to pay back their loans. So somebody has to default on their loan, it is mathematics. So the bank gets to own their property, or their business. What has real value, credit or property? This is what happened with the real estate market collapse. Now the banks own a shit load of property but don't have the money to pay back the government who borrowed it from the federal reserve who made it out of nothing. So the government asks the federal reserve to give them trillions of new dollars in order to give to the banks. And the process goes on and on.
This is more-so a failure of government meddling in the economy and financial sector and not "evil people enslaving the masses with their money."
Or... If you have a lot of money, you create a business and hire people for less than a living wage to do the work for you and/or hire illegal immigrants. There is also the U.S. corporations who go to China and have Chinese kids who live at the factory to make sneakers for them at 10 cents a day. They charge the Chinese $1 to live and eat there. The families raise a debt and are FORCED to keep working. And not just in China, but all over Asia, Africa, the mid-east, Mexico, Central America.
So by providing jobs to people who otherwise would not have one and would be starving on the streets, these companies are enslaving people? Did the workers not voluntarily accept the low wages? If they were thrown into involuntary servitude the case would be different, but that is not the case. n a forthcoming article in the Journal of Labor Research Ben Powell and David Skarbek present the results of a survey of "sweatshops" in eleven Third World countries. In nine of the eleven countries, "sweatshop" wages in foreign factories located there were higher than the average. In Honduras, where almost half the working population lives on $2/day, "sweatshops" pay $13.10/day. "Sweatshop" wages are more than double the national average in Cambodia, Haiti, Nicaragua, and Honduras. The implication of this for all those naďve college students (and faculty) who have been duped into becoming anti-sweatshop protesters is that they should support and encourage more direct foreign investment in the Third World if they are at all concerned about the economic wellbeing of the people there.
It is never the workers in countries like Honduras who protest the existence of a new factory there built by a Nike or a General Motors. The people there benefit as consumers as well as workers, since there are more (and cheaper) consumer goods manufactured and sold in their country (as well as in other parts of the world). Capital investment of this sort is infinitely superior to the alternative – foreign aid – which always empowers the governmental recipients of the "aid," making things even worse for the private economies of "aid" recipients. Market-based capital investment is always far superior to politicized capital allocation. Moreover, if the foreign investment fails, the economic burden falls on the investors and stockholders, not the poor Third World country.
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In a study of wages and working conditions in developing countries, economists Benjamin Powell and David Skarbek found that the textile sweatshops derided by rich westerners offer higher wages and better working conditions than the alternatives in very poor countries. People in developing countries need more sweatshops rather than fewer.
"That might be true," people might respond, "but can't multibillion-dollar multinational corporations afford to pay more? Isn't it unconscionable that CEOs are able to take home millions while workers in underdeveloped countries earn mere cents per hour?"
Is it sad? Yes. Is it unconscionable? No. Can companies "afford to pay more?" Again, the answer is no. Firms might be able to pay above-market wages in the short run, but in addition to operating in internationally competitive labor markets they also operate in internationally competitive capital markets and internationally competitive goods markets. Firms that sacrifice profits in order to pay higher wages will reduce their ability to earn profits, attract capital, and expand in the future. In the short run, we can improve standards of living for some people. In the long run, this illusory prosperity comes at the cost of increasing future poverty.
Another example: A poor third world country is told that if they want to remain an independent country that they have to modernize and join the global market. They don't have any money so the World Bank offers them a loan and increases the interest rate after the loan is given. The country cannot pay it back so the country is forced to let in foreign big business and multi-national corporations and forced to sell their natural resources, their forests, their oil, whatever. Also the country is forced to import cheap commodities from multi-national corporations like cheap food that puts the local farmers out of business. If the country refuses, the leader gets assassinated or the country gets invaded. They get RAPED! And made even poorer and forced to remain third world.
This is just a ridiculous attempt to create an example. True, a foreign government or "World Bank" may be exhibiting aggression toward a country via financial means, but is that a reason to attack the markets or money itself?
The real revolution has to be against the corporations. These corporations (*Cough* BP *cough) don't give a damn about ANYTHING except profit.
Well shit I would hope so. If companies didn't care about profits, there would be no companies. There would be no expansion. All of those poor third-world countries would be scarcely populated because everyone would starve due to a lack of jobs. Profits are a signal of success which allow companies to put more into their business and to expand and cut costs. Any businessman who takes all of his profits and buys a new yacht or house won't be in business for very long.
This is the example of motivation by PURE GREED!
Everyone acts in their own self-interest. I would hope some amount of greed is involved.
They don't give a damn if the world turns into a living hell, they don't care if everyone is enslaved in camps or if whole populations die off. They don't care. They don't care if their is no more rainforests.
If they don't care, what would be their incentive to run a business? If their goal is to simply fuck the world over then they would not be in business for very long. Businesses need peaceful times, they need free and acting individuals.
It is a soulless non-entity that has our humanity enslaved.
How can a non-entity have a soul anyway?
The revolution is not against the U.S.A. or against any government. It is against the corporations and the World Banks that control the governments.
It should be against the corporatist and mercantilist nature of government and not vague attacks on corporations and companies.
Thank God for that.
We have a two party system where both parties are owned by the corporations. We only vote for the middle men. We don't get to vote for the corporations.
You see that stuff in your wallet? That's called money (despite being utterly useless pieces of paper). You use it to vote on corporations. Don't like them? Don't buy from them. If they are truly so awful and horrible start campaigning against them. But do some research first. Don't just attack them because they have money. Strike the root of the problem: government. They allow the corporations to have monopolies, and politicians frequently sell out to corporations to get money. Both are bad practices, but we cannot simply get rid of the market.
It's about time.
There is no United States, there is no Britain, there is no France, etc...
Well at least you've realized that nations are non-entities. There is no acting entity called "France" or "Britain." Only individuals can act.
And it is vitally important that we free ourselves from these corporations while we still can IF we still can. The way we do that is starve them of their money, boycott them. Maybe then the corporations will lose power (?) and we can vote in leaders who have not sold their souls and we can take back our military and our economy.
Vote all you want. It won't change anything.
Our American laws don't protect us. Our membership in the World Trade Organization overrides our own constitutional laws. Any country who is a member of the World Trade Organization has given up their sovereignty. That is why I respect Ron Paul. He was all about getting American Sovereignty back and quitting the World Trade Organization and paying back our debts to the World Bank and abolishing the Federal Reserve. Of course he didn't have the campaign donations that Obama, Hillary, McCain, and Palin had.
I like Ron Paul. However, unlike you, he knows his economics. He does not attack corporations just because they are vaguely evil. He attacks the problem: government. He is an advocate of sovereignty in every area, especially financial.
Now we have the biggest ecological disaster in history happening right now with no solution in sight that will probably kill all life in the Gulf of Mexico and the Caribbean waters because Obama allowed off shore drilling because he sold his soul to Big Oil and the Big Banks. And this is not the first time. Just a few weeks ago there was a giant oil spill at the Great Barrier Reef in Australia because an oil tanker crashed into it. Australia was made to allow cheaper oil be imported in (free trade! Yeah!) against their will and it crashed and destroyed large areas of the Great Barrier Reef. These are the ecosystems that are the foundation of life as we know it on this planet. We COULD switch to a different technology to run our cars and trucks and supply electricity, but guess who owns the patents and doesn't allow this technology out because it isn't as profitable. This is what happens when we allow ourselves to be motivated by greed rather than truth.
So attack the cause (government) and not the market.
There is my rant. So, if you say that it is impractical to motivate humans with anything except greed and fear I say that greed and fear is destroying the Earth, and us with it. If you say that working for the community is naive or impractical I say that working for the community IS working for yourself. Poor people get roommates because they know that it is cheaper to live with people than to live in your own little castle. Helping each other is helping yourself. And there will be a time when someone needs your help, and when you will need someone else's help, and you will wish that there was a community for you to be a part of where everyone looks out for each other. We can't wait forever on our asses while we debate about the perfect revolution, the system we are in now is falling apart as we speak. Rome is falling. We need to network, reach out to our neighbors, create a local infrastructure to support your community when the system breaks.
When I said working for the community was a bit naive I meant in the communistic sense, where people "own everything" and blah-blah-blah.
This is a forum of dreamers. C'mon, Imagine how good it could be and be a part of creating that.
Dreaming is good. Spouting crap is not.
EDIT: I just want to add that all the changes of lifestyle and everything that I propose will help make our country stronger and less dependent and help free our country from the stranglehold of the corporations. It is actually a very patriotic thing. I am not against the constitution or the idea our founding fathers had for our country. I am all for life, liberty, and the pursuit of happiness and all creatures being created equal.
Well if you adhere to a vague and useless social contract...Have a blast.
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