Surviving Capitalism (Not) : Central Banks Have Become A Corrupting Force

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

Tuesday, August 25, 2015

Central Banks Have Become A Corrupting Force

Click here to access article by Paul Craig Roberts and Dave Kranzler from Roberts' website.

Although the article is not dramatically revealing of new information, the co-author, Roberts, is so highly qualified to write on this issue that I am posting it. The authors' central argument illustrates how the ruling capitalist class, especially with their ownership/control of the US central bank, the Federal Reserve, can get around any legal restrictions in order to support their failure-prone system and keep it going.