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After Five Years: Report Card on Crisis Capitalism

Business  (tags: abuse, americans, banking, business, consumers, corporate, corruption, dishonesty, economy, Entrepreneurs, ethics, finance, foreclosures, government, investments, investors, marketing, money, politics, society )

- 2142 days ago -
One key cause of this crisis is the class structure of capitalist enterprises. I stress that because most treatments miss it. By class structure, I mean enterprises' internal organization pitting workers against corporate boards of directors and major-->

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Jason S (50)
Tuesday July 10, 2012, 9:35 am
Time to start all over again

Alexander Werner (53)
Tuesday July 10, 2012, 9:44 am
Kit, ever though about crisis of Communism?


Craig Pittman (52)
Tuesday July 10, 2012, 9:44 am
Thanks very much Kit. This is both informative and fascinating. It certainly articulates the growing inequities in our society. Yes Jason, it's time to re-write the legislation that has permitted this kind of behavior and start with a level playing field.

Michael T (82)
Tuesday July 10, 2012, 3:00 pm
Thanks Kit and Charles O.

There isn't a point in your piece Charles that I could not ascribe to and support completely. The details are where much of it would matter, but if driven by the kind of thinking that led to your list I could place my faith and support in its manifestation.

I am taking the liberty here of listing the ten points you listed at

Stop pouring trillions of dollars into war-making
Abolish the global Empire and concentrate on defending U.S. borders
Replace debt-based currency with debt-free currency
Buy out the fraudulent central banking consortium (the misnamed "Fed")
Switch to a rational constitutional tax structure
Use a simple tax/subsidy system to keep wealth circulating
Invest in infrastructure and small business
Stop paying transnational corporations to ship our jobs overseas
Break up big banks and corporations
Restore the partition between banks and derivative gamblers and let the latter fail

Michael T (82)
Tuesday July 10, 2012, 3:03 pm
I would also like to add one or two that would deal with energy related issues. I also realize that this would have to start off in a limited way as transitions often create reactions that are unforeseen. At the same time, I haven't had enough time to play chess with it. I say play chess, because I learned from mastery of that game that one can better understand how the game will work if you anticipate the moves and possible reactions to those moves ahead of time. Better minds than mine would be called upon to engage in this.

Michael T (82)
Tuesday July 10, 2012, 3:10 pm

I really suggest that you get rid of the view you have of communism, socialism, and Marxism. What the world commonly refers to in regard to these has had no true expression in the world. What we saw, and have seen are Mafia organizations purporting to be societies run upon these ideologies, when in truth they were run by despots with wholly different aims than the ideologies actually call for. I find that nearly everyone I meet that decries communism as a huge failure, never read one word of Marx or even Engels. I have taken the time to read these pieces and found them very worthy of consideration and likely the salvation, when coupled with other approaches. The one thing I ever learned from the bible that I found useful was the bit about Gog and Magog. If you hold them up as two opposing forces you will note that to survive both began taking on aspects of the other to survive the struggle against one another. A merger, of the best parts of capitalism and the tenets of communism would build what appeals to me as a profitable approach to life and living well for all on this planet.

Another thing that I have learned is that if you are going to criticize an ism, you had better read up on it first with an open mind before you condemn it.

Talya H (10)
Tuesday July 10, 2012, 6:28 pm
Thanks for the article~

JL A (281)
Wednesday July 11, 2012, 8:11 am
Management and leadership consultants and trainers all focus on the necessity of building teamwork--yet boards of directors are not among the targeted audiences and thus the transformation to teamwork from adversarial never occurs...wonder whether brave contractors might begin to negotiate for their inclusion to maximize the value the corporation receives from hiring them?

Elle B (84)
Wednesday July 11, 2012, 2:23 pm
TY for posting Kit.

Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed." ―Mohandus K. Gandhi

We don't have Free Markets. We have "bully markets." We were headed in a better direction...but Reagan and Thatcher [both suffering from severe deficits in economic acumen] started waving around Adam Smith's Wealth of the Nations. . .apparently without ever reading it. Because soon after they began spouting off the CATO Crowd Crud 'n Crap--Austrian School Economic adventures in illusional nonsense. Then Clinton and the Democrats FELL for the GOP SOP [shoveled by Newt] and gave us S.900, the Gramm-Leach-Bliley Act- [Financial Services Modernization Act of 1999, Title I: Facilitating Affiliation Among Banks, Securities Firms, and Insurance Companies]. . .11/2/1999 [against the ardent and cautionary recommendations of James L. Bothwell, Chief Economist, GAO, et al] Then the GOP loaded even more barrels of deregulation (H.R. 5660) Commodity Futures Modernization Act of 2000 into the Consolidated Appropriations Act of 2001 (H.R. 4577) as a rider in the dark...[minutes before final consideration began.] At last...the "black light" stage was finally set [on the sly]...for the GOP's long awaited production [the "Gilded Age" was just a nostalgic trial run]. . ."Infinite Greed Rampage."

"We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can't have both." ―Louis Dembitz Brandeis, US Supreme Court Justice

“If we desire respect for the law, we must first make the law respectable.” ―Louis D. Brandeis, US Supreme Court Justice

PS. They're pulling the same crap right now. Repeated Obamacare voting is a distraction...they want to lay groundwork to take out the Post Office this summer...that is the only truly "private communication" WE have left. It's a massive power land grab and public employee/union knock out if they succeed. Better watch out and fight like crazy. . .the Post Office goes the democracy goes. It is the only thing we have that connects each and every one of us! It is our heritage.

And remember...the Bolsheviks are coming and they have THE Birth Certificate!

Sheila D (28)
Wednesday July 11, 2012, 2:23 pm
Unfortunately, I don't see any change coming very soon. It would take a revolution, and most people aren't quite ready for that. Thanks for the article Kit.

Sheryl G (363)
Wednesday July 11, 2012, 4:24 pm
Right in the beginning of the article it said it clearly.....After five years of crisis - with no end in sight...that is the whole problem, there is no end in sight and if anything what is being done is making it worse in some places.

Also within the article: In this way, the costs of economic crisis and bailouts were shifted onto national populations via unemployment, home foreclosures and austerity: a lesson in capitalist justice.

Capitalist justice.....the same justice that we see in all areas, there is no justice for those who were shafted. Justice alright, the boot right up the rear end most of us got.

Andrea Ornelas (0)
Wednesday July 11, 2012, 7:27 pm
readed and aware!!!

Kerrie G (116)
Wednesday July 11, 2012, 8:28 pm
Noted, thanks.

Janelle Wong (71)
Saturday July 14, 2012, 1:31 pm
I voted Democrat because I believe the government will do a better job
of spending the money I earn than I would.
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