Posts Tagged ‘capitalism’

A Very #Capitalism Christmas

Posted: December 29, 2023 in Anarchy Journal Constitutional, Excess and Algorithms
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Consumerism as a mandatory sign of love, caring, and affection.

That’s the American Way

It certainly is the holiday season in a nutshell for capitalists and their bootlickers.

Don’t dare ask why you have to buy someone something to show you love/care for them. Don’t even ask if there is something they actually need or can tangibly use in their day to day life.

Just buy them something, or you’re a piece of garbage. The more you spend, the better person you are. Whether it’s a lot of little things, a few medium things, or a really big thing. The more you spend, the more you are allowed to feel good about yourself.

Until the next day when you wake up. Until the next week when the holiday is over. Until the next month when the bill(s) come. Until next year


62% of Americans are living paycheck to paycheck, but do we dare buy groceries or pay someone else’s bills for the holiday? No, because that would be charity and if they want charity then they can pick themselves up by the boot straps and get a job. Oh they have a job? Well get a second job. Oh they have a second job? Uh
well
stop buying avocado toast and fancy coffee.

What about the people too mentally and emotionally damaged to work at all or enough to survive let alone thrive enough to buy unnecessary consumer goods for the people they care about?

Best not to think about it or ask questions
 that’s the American Way.

Economic Reality Naiveté

Posted: December 23, 2023 in Anarchy Journal Constitutional, Excess and Algorithms
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Naiveté of economic realities is something that seems unfortunately baked into human nature. In America where poor people or people who are just one step above being poor vote against their own better interests for generations.

The “Took Our Jobs” folks who are always ready, willing, and able to point their finger and raise their ire at anyone other than the billionaire capitalist class that is responsible.


“cash rules everything around me”
 is a universally agreed upon law of American life and other first world countries. So what does that mean when for the affluent when applied to income inequality, outsourcing, inflation, and tax cuts?

The people with the least, have the most influence on the lives of others?

Bernays won
in a landslide.

Private Space Programs > Healthcare

Posted: December 21, 2023 in Anarchy Journal Constitutional, Excess and Algorithms
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Private space programs is the new private skyscraper is the new private island.

I don’t know which is worse, the greed or poor people that defend the greed.

Images like this one (pictured above) are why I call my economics blog Excess and Algorithms. Something that encapsulates modern capitalist economics.

Private space travel before universal health care or universal basic income. Very unfortunate, to say the least.

#Oxfam Enlightens Excess of #Economic Elites

Posted: February 11, 2017 in Excess and Algorithms
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eanda logo
ajclogo2

If half of the world has less money than less than ten people, something is either wrong or rigged. There is no middle ground or shade of gray. Either we are living in a world of kings and peasants or we are living in a world where all people are created equal. The very idea that there will always be poverty at a time of mega yachts, vacation homes, million dollar cars, Botox and private islands is to spit in the face of reason.

A very real present day consequence of this growing, institutional, massive wealth disparity is seen in the rise of populism politics in the industrialized world. Brexit, Donald Trump in America, the growing  Made in France movement, and so on. It has finally caught on that globalism doesn’t work for the common man, because it wasn’t designed or put in place by the common man. It was put in place by the elite, to benefit the elite. The manual labor workers of the first world have been forgotten and left behind. Whether on purpose or on accident no longer matters, they have made their voice heard by organizing and getting behind far right political parties and candidates.

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The political consequences of the wave of populism that we are currently in the beginning of, are just now starting to take shape. But politics is just the tip of what is going on. Follow the money, because neither political populism nor big philanthropy will be enough to stem the tide of the rising groups of people with no jobs, no homes, nothing to lose but debt.

They are going to the voting booth for now, protesting in mass on the streets for now. But the history of the world shows that concentrated wealth and power are the planted seeds for rebellion.  And unless the elite share the love as well as their wealth, it is not a question of if but when their favorable debt to liquidity ratio can no longer save them from the ratio of have-nots to haves that are past the point of no return.

Eight men possess more wealth than half the world combined? That doesn’t happen on accident. This has been done on purpose. This is long-term, purposeful, monetary migration. The problem is known. The solution is known. But the money keeps going the same direction, up. These super charged capitalists have certainly skirted some laws to amass their obscene wealth concentration. But nothing skirts Newton’s Third Law of Motion. What goes up, must come down.

On Wall Street, #LegacyMatters Matter More than Leaving a Legacy

Posted: May 5, 2016 in Excess and Algorithms
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eanda logoby @anarchyroll

What does a white-collar, wall street economic terrorist have to do to go to jail?

Write billion dollar checks with strings attached and an ability to make money back off the deal I suppose.

That is what Goldman Sachs recently did in New York as a means of settling their Legacy Matters related to the 2008 economic collapse that they have now admitted to being at least partially responsible for.

Usually when a person confesses to a crime, they still go to jail, they still face a righteous punishment. Maybe instead of the death penalty they serve life in prison. The deal that Goldman Sachs cut with the working group headed by the New York Attorney General, is very Manhattan, a lot of bluster for the sake of appearances that stinks like garbage when brought into the sun.

What good is restitution without a righteous penalty? What is the value of a fine to people with unlimited money and unlimited capacity to get free money from the US government?

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A penalty isn’t a penalty if it doesn’t hurt the person or party being penalized.

Fining Goldman Sachs five billion dollars is like fining the ocean enough water to run a water park for a summer. Not only is it less than a minimal but its a pretty salty reward  that cant quench anybody’s thirst.

In the developed world money equals power. The purpose of news is to inform the common person about what those in power are doing. The event of the 2008 economic collapse and the ripple effects in the aftermath of it effect more people directly than any presidential election in modern times

Yet how much coverage did the announcement of this multi billion dollar settlement get compared to any aspect of the presidential primary or anything Donald Trump has said in the last year?

Legacy matters.

Most people would agree that it does. On Wall Street that means a whole different thing. Then again what doesn’t? The announced five billion dollar settlement by Goldman Sachs sums up their legacy and the legacy of the 2008 economic collapse quite well.

Smoke screens, legalese, under the table deals, double talk, fine print, more mystery than truth, more PR than pure.That is the legacy of the 2008 economic collapse and the Great Recession that followed it.

That is the legacy that matters to Goldman Sachs, and the royal we of Wall Street. The legacy matters of the too big to fail institutions on Wall Street are nothing more than numbers on a spreadsheet…just like everything and everyone else in the world.

On Wall Street, legacy matters are things you put behind with shame. In the rest of the world, it’s something you leave behind with pride.

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