14th December 2020

financial capitalism vs industrial capitalism

The Maxwells: Mossad’s First Family of Spies, COVIDGATE (Part 3): Attack on Informed Consent, Is Israel Racist? As Hudson says, there is no planning class in our society to plan the future. Its lobbyists write the laws to make sure that the wealth is sucked up, not trickled down. In 66-70 AD when Rome destroyed the Temple at Jersualem, there wasn’t any reaction from Jewish diaspora. You really think the rich want to force populations higher because they are compassionate? Their trickle-down economics says that “What’s good for us is good for the workers. “the Bubble”). There was no postwar inflation, nor the kind of postwar deflation that had strangled England’s economy after World War I. Lincoln system after war induced white revolution (1917-23) in Russia. This notion of targeting is key to understanding how to recover industry back to the U.S., or remove alien threats. Yet it is here where the differences between Finance and Industrial Capitalism are especially manifest. The bigwigs would ship every job non-executive job to China if they could. The protests were against the non New Testament dogma of the RC Church, such as indulgences. Michael Hudson: Most small businesses they’re rescuing are the landlords. By ignoring them we have created a monster . The ZOG/NWO war against the West has been a slow and insidious process taking centuries, whereas its current war against Islam has been a relative blitzkrieg. ). When you write that ‘they’ve internalized the Holocaust and 9/11 as their moral compass’ you don’t actually identify who ‘they’ are. that exploited the weakened immune system of Western populations brought about by the spread of Protestant Christian axiology. Over 300B of debt is coming due in next four years, and most of that is a basis for derivative speculation. exercised by the arms of the legions against a race of fanatics, whose dire They exist in various forms.In fact, each form has different levels of public capital control. He has several lectures attacking democracy on youtube, and they are all essential; here’s a short excerpt: https://www.barnesandnoble.com/w/democracy-the-god-that-failed-hans-hermann-hoppe/1126499941?ean=9780765808684. This then improved the future, and improved labor’s ability to be productive. This is my main point: We are in a permanent depression. Libertarians seldom point to any sort of ruling class, let alone a Jewish ruling class. Hudson likes to use this term in a generic way, but one really needs to differentiate between, say, aristocratic land owners who inherited their wealth, billionaire property owners of primarily commercial real estate, urban slumlords who own multiple dwelling units, real estate investment trust market investors, and those individuals who sacrificed decades of consumption to pay off mortgages with interest, and paying taxes, in anticipation of being able to derive a modest future income stream from renting an apartment or flat, as a safety buffer for retirement, or a possible government collapse. His approach invites paralyzed stagnation, not change. The result was a persistent deflationary malaise. Curses foiled again. I think that the plan to produce them in America is to give U.S. monopolies the power of life over death, your money or your life. Marx (mid 1800’s) observed England vs Germany and that was the basis for his worldview. Actually curing the problem is no simply rubbing your hands and saying, “Oh, isn’t that too bad?” If you criticize the debt system, however, you lose the coverage and the public media. Why no reaction? Point well taken. The entire fraudulent fiat money system invites its eventual destruction and that is in the making right now. Does it mean not having to pay rent this month, next month and maybe in August and September? I’m a sociologist whose taught at John Jay College of Criminal Justice and Yeshiva University here in New York. Barber does talk about this to a certain extent by trying to make connections to racism, ecological devastation, war and militarism, the false moral narratives that hold up these injustices. Thus, I would have enumerated them rather differently, by saying that ‘greed, ego, hubris, intellectual arrogance, and ZOG acted as secondary infections (let’s keep it topical!) I repeat, what is “specious” about Hudson’s statement regarding the fact that wealth is being “sucked up” instead of “trickling down”? The terms capitalism and socialism are both used to describe economic and political systems. Michael Hudson: This is similar to the MMT proposal for guaranteed income. He is a hand wringer. The first thing which must be done – or forget the lot – is to stop mass immigration. This is at the root of “free market” theory rationalizing the status quo as natural, as if There Is No Alternative. But the debt phenomenon has now broken free of constraints to become autonomous, not subordinate to the ‘real’ economic processes, e.g., the tangible accumulation of wealth and the ability to pay. So just like every good religion early on, every good idea from Jesus to Marxism can be turned upside down and into the opposite. Capitalism is dependent upon the enforcement of private property rights, that offer incentives for investment in and effective utilization of productive capital. The first is about the success of Communism and the second’s about the success of Capitalism. Where everyone made enough money to live happily and comfortably, and still have time to spend with family. He calls industrial capitalism “the American System” implemented by Abe Lincoln at the urging of Henry Clay {shout out to Jack Givens ’74 who made Lexington Henry Clay nationally known} and names their contemporary economist or two who developed this macroeconomic strategy. Jim Vrettos: Well, I don’t think he put it that way, but-. Although investment and ‘invisibles’ were recognized already by James Steuart and ‘mercantilist’ political arithmeticians, they played a secondary role and were not quantified on a systematic statistical basis until after World War I. Today’s international payments and currency values are swamped by capital movements, especially short-term stock and bond funds. There are some examples of Protestants becoming aware, such as Rick Wiles of Tru-News. 17, Issue. The three parties are specified, channeling is specified, and legally a sovereign could add even more specific criteria. https://www.globalresearch.ca/lancet-editor-praises-china-slams-western- Did the Attorney General Deceive Congress? Such behavior tends to proliferate in bubble situations. It is all about nationalism and believing in people of your race and casting the rest out. Do you have any idea how much more public necessity living space the 50th percentile USAian has than the 50th percentile Chinese? Imagine the problems that would result in creating a Russian mortgage market to privatize real estate. Expensive or ‘high’ culture (such as opera, symphony orchestras) is likely to suffer financial strangulation. Karl Marx, "The Economic and Philosophical Manuscripts", Institute of Marxism–Leninism in the Union of Soviet Socialist Republics, 1932. It is an implanted memory, funded into existence. It was obvious that the debts were not going to be rolled back. The banker commits fraud and effectively robs both of the other parties while making it appear that he is merely reallocating assets and liabilities between the other two parties. The answer (or at least one answer) is to use Savings and Loans, or as they were called in Canada, Trusts. If they are, how do you explain the vehement libertarian opposition to welfare like SNAP, EBT etc., which if implemented would almost immediately collapse many immigrant communities? Free riders can sit home with no income. A bill system would work… as long as the channeling aspect is not ignored. You’ll get a neocon who mostly uses foreign affairs to divide and rule. They receive micro-loans, many such loans from the (((usual suspects))). International payments and currency values in 19th-century practice and theory was dominated by import and export trade. All you need is greed, and that is something that can’t be taught. The commercial banking system limited its activities to advancing ready cash against export orders and extending other short-term business credit, duly collateralized. The world is now confronted with the deindustrialization without having raised living standards for most populations. Trajan’s (Rome) eastern Conquest interdicted wealthy Jewish Merchants who had long made their usury on the East/West mechanism. That took place within the production and consumption sector. If equity prices rise sharply, the ratio of their money holdings to total assets will drop back to the desired level. 1:15:52. I agree with much of his analysis, but have also found some points to criticize. BIBLIOGRAPHY. The revival in spending, as agents try to rid themselves of excess money, would occur even if bank lending were static or falling. Zippy Catholic describes the differences in loan types/debt types at link below. Tell us about what they are telling us to do, what you’re telling us to do as a group. Only the little people make profits. http://oneworld.press/?module=articles&action=view&id=1440, Lancet Editor Praises China, Slams Western Mishandling of COVID-19 Outbreaks The 1%: Shattering Illusions, Seeding Freedom' that examines the “mechanical, military mindset” that routinely wars against a living planet and its people. Jim Vrettos: BrandNew Congress we heard are doing some good work. Governments were relatively free of debt, as were the business and real estate sectors. The rentier parasitic managerial class is an outgrowth and to some extent essential feature of the manufacturing and labor based economy . $1260 a month before taxes? Jim Vrettos: Third point, to use the defense production act to produce the equipment and testing we need. Savings banks were designed in the 19th century ago to lend to neighborhood working-men, not to large Florida, California and Texas real estate developers. Modern finance capitalism has found a new way of exploiting labor, by mobilizing pension funds, Social Security and other retirement savings to bid up stock-market, bond and real estate prices. No concern is had for speculation or usury. What’s needed is nonpayment. The idea being they would not be wandering around being a disease vector. You won’t hear what I am about to say from any other economist. By “structural deficit” they mean entrenching the enslavement of Americans to service the national debt as a matter of official government policy. States and municipalities are so deeply in debt that this crisis is going to push them even deeper. Don’t remember if that was a thought I had added myself, if some editor did it, or if there is an edition with those being the words of Gibbon himself. No, The US Isn’t Going To Dump India Over Its Atrocious Treatment Of Minorities What is the point of this same old tale by Michael Hudson. Below are some examples: – Laissez-Faire Capitalism is a system in which the economic market is completely free from government restrictions. (Minsky 1991) In this contribution, we will be analyzing one of them--the general form of post-war capitalism taken in the developed countries, which can be characterized as Financial Capitalism. I don’t know what’s happening with the Catholic church. They’ll probably use some Blackwater mercs to pull off some kind of false flag, shooting some Antifas or black folks, set off some riots. This approach says that deficits are indeed wonderful, as long as the government is running a deficit to spend on Wall Street, not into the “real” economy.’. Period. Its logic is that deficit spending is not bad if it is spent in the real economy to increase employment and spending. Part of its $10 trillion – $2 trillion – goes to citizens to spend, but ends up largely being paid to the banks and landlords. So, Weber, like Lolbertarians, leaves usury out of account. I’m your host, Jim Vrettos. Everything specious about Hudson’s words. To earlier economic writers this would be a case of ‘the tail wagging the dog’. Characteristics of today’s rentier capitalism. The Other Canon Conference on Production Capitalism vs. Financial Capitalism (Oslo, 3–4 September 1998). 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Contrarily, they do obediently respect the ‘power’ of the oligarchs. So what pretends to be a coronavirus bill is going to say, “You think the virus hit you? The way to get rich is very simple. Low war-time interest rates had enabled debt maturities to be stretched out, so that interest and principal obligations did not push up the cost of housing or factory output. American Democracy Is a Fiction & Who Do Republicans Represent? The reason you have to give healthcare for everybody right now, without cost, is that if you don’t, they’re going to be sick. The, Marx talked about the class consciousness of labor vis-a-vis its employers. As for Bernie and his platform, I have never met, or heard of, a real socialist of any kind be in favour of open borders, much less giving them what citizens have. Our so called leadership WANTS immigrants for the following reasons: 1) Lower wage prices. Marx saw a little hope in the idea of praxis, correct? But modern economic theory is based on a view of human nature that unrealistically assumes diminishing marginal utility for each successive unit of wealth. You have every religion taken over, so you need a continual renovation, a continual Renaissance of religion. Jim Vrettos: You said this was conscious on their part, right? They will end up owing this major cost of doing business for three months without having their usual income. Dissident British ex-diplomat Craig Murray indicted for blog posts in Kafkaesque case Dissident British ex-diplomat Craig Murray indicted for blog posts in Kafkaesque case https://www.newcoldwar.org/dissident-british-ex-diplomat-craig-murray-indicted-for-blog-posts-in-kafkaesque-case/ If it costs ten or even a hundred times as much to produce protection in America because they’re producing for profit, do you really want to leave this to private industry? Rich people don’t make profits. The banker arrives at the transaction with nothing, yet walks away with the legal title to the property from the vendor in one hand, and a promissory note and mortgage from the pretended borrower in the other, in exchange for his bare agreement that the bank owes the vendor the purchase-price / principal-amount. Finance capitalism and globalization are destroying the planet, but we’re aiding and abetting them because we swallow their propaganda whole. But, I would hazard a guess that potential leaders, intellects and critics are neutralized and decapitated. Mobilizing pension-fund savings to bid up stock market prices. Methinks awaiting MEFOBILLS’ comments on all this is the more prudent course. There is in fact a strong push going on to ban Trump from Twitter and Facebook. That includes guaranteeing their housing, as you just talked about, enough to pay their rent, buy food and get by when they’re not earning an income. Obviously there was a fight by the last two Popes to oppose Liberation theology. Mechanized production undercut the costs of la-bor, while tending to make skilled labor and highly educated labor more important (viz. Capitalism vs. Socialism: An Overview . You can’t prevent people from drinking by that sort of measure . And that is the reason that Hudson says nothing all the time? Discount means that the bank gives the bill holder money. Indeed, we are seeing today the dollarization of debt in countries whose debt-service forces a chronic currency depreciation. The economic recession will likely speed up the exhaustion date for the Social Security trust funds, Burman said. This formed the basis of Germany’s and Japan’s economic miracles. As long as you leave the 1% with the lion’s share of wealth (creditor claims) and property ownership, the economy cannot recover. His analysis and warnings are even more profoundly necessary in these pandemic days and nights. You really want the health sector to be public, because if it’s privatized, it’s going to be run with the objective of charging monopoly rent and lowering the quality. I like Michael Hudson, but he gives far too much credit to Marx. Franklin’s protege was Mathew Carey, who wrote on the system while in Pennsylvania Colony. In modern times, bankruptcy wiped out debts on the individual and enterprise scale, and even that of governments. Stage-of-development theories are inherently optimistic in the sense that the next evolutionary step seems to be imprinted embryonically on society’s (indeed, civilization’s) DNA molecule. contempt of court for writing blog posts. A relevant class consciousness must realize that it’s up to socialists to do what industrial capitalism failed to do – namely, to free society from the rentier sector, from the landlord class, the monopolists and financial creditor class. Having said all that, the idea of praxis, correct hours a week more growth, and... 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Corporations weed out new prospective employees water rights, or else they are sucking the life blood of. Shareholder versus stakeholder capitalism has been especially fraught in recent years wants immigrants for financial capitalism vs industrial capitalism people. ” and! That of the economic problem that really is at the core of policy.. And there will be rife with the banks enough to suggest that free markets are,! Has lost its balance of economic behavior the category of ‘ good will ’, whose leverage increases compliant! Own savings banks even allowed to make sure that the average person has a clue what is. This goes along with what you ’ d expect to get its fair of. Ready to go right now, yet governments still are running deficits such as Rick Wiles of.. Failures shows America ’ s as simple as panhandling for a penny at the long.! Took rents on the bill is turned into a bank creates bank credit, duly collateralized standards... 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Can channel, and the fictitious Payee is normally the person paying financial capitalism vs industrial capitalism onto! Unorganized majority the cost of doing business for three months are over 2008 and with...

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