Surviving Capitalism (Not) : Plunge Protection Teams of the World, Unite!

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

Saturday, August 22, 2015

Plunge Protection Teams of the World, Unite!

Click here to access article by Charles Hugh Smith from his blog Of Two Minds.

Central bankers are watching Marx's dictum "all that is solid melts into air" play out in global stock markets with a terror informed by the scalding memories of 2008's global financial meltdown.

This reads like a tongue-in-cheek spoof, but actually I think that this is what capitalist leaders have been doing for several years to keep their profit and power machine going. When all the steps listed by Smith fail, I fear that they will opt for a nuclear conflagration in order to destroy capital so they can re-create it as they did with WWII. This might go under "doing whatever it takes" category. Gotta keep the profit machine going! Otherwise it's the end of the world for capitalists!