Surviving Capitalism (Not) : The Bubble Economy as a 2 part play for Privatisation

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Friday, July 5, 2013

The Bubble Economy as a 2 part play for Privatisation

Click here to access article by Michael Hudson from his blog.

This economist-educator describes the latest games of the ruling class to extract more wealth from the rest of us. For example, speculators pay cash gained from their last housing scam to purchase all the bank owned distressed properties at bargain prices and rent them to us. Then there is the arbitrage scam: borrowing from the Fed's giveaway money program and purchasing bonds issued by governments all over the world whose citizens will be taxed to pay off the interest and principle at maturity.