The dirty secret of capitalism — and a new way forward
In this TED talk, billionaire businessman, Nick Hanauer debunks the assumptions of neo-liberal economics and shines light on the path toward a new economics that promotes a more sustainable, prosperous and equitable society. Hanauer argues that neoliberal economic theory has sold itself to us as “unchangeable natural law, when in fact it’s social norms and constructed narratives, based on pseudo science.” He says that “If we want a new economics all we have to do is choose to have it.” Watch it here.
Of course, implementing that choice depends on “we” having enough power to tilt the political landscape back toward something closer to level. I continue to argue that E. C. Riegel had it right when he said:
We have not even made a beginning in democracy by merely putting at the disposal of man an occasional ballot to choose who should he his governor under a system that is inherently paternalistic and autocratic. Man must have untrammeled command of a daily – an hourly ballot which he casts in the market place to support the things and services he desires and which he withholds from others and which he transmits to the state or denies it according as it merits his patronage. He must have the power to create this money ballot in a measure commensurate with his power to produce and serve his fellow man without hindrance from his servant, the state. The moment we limit or thwart or bias this money power, which is natural to man, and the very criterion of his sovereignty, we pervert democracy beyond the power of any political ballot or any parliament to remedy. Money power cannot be separated from democratic power without miscarriage and ensuing frustration – political and economic. Democracy implies the sovereignty of man; and, since man cannot be sovereign without the money power, there cannot be democracy under the political money system.
Until, through the assertion of his money power, man can requisition from industry all he produces, and put government under his direct patronage, human aspirations will be unattainable.
— From Private Enterprise Money.
How to assert our “money power” has been the substance of my work for more than 40 years. See my books, articles, presentations and interviews at my website, https://beyondmoney.net
I took a pass on watching the January 14 Presidential debate which pitted Bernie against five establishment candidates in what was a predictably bland rehash that was limited in scope. I chose instead to watch the discussion between Tulsi Gabbard, Dennis Kucinich, Lawrence Lessig, and Stephen Kinzer which was live streamed on YouTube. The discussion focused on the key policy issue, the US interventionist foreign policy, and the fact that most Senators and Representatives of both parties in Congress are beholden to the military-industrial [and banking] complex, and are complicit in the immoral, illegal, and wasteful pursuit of global domination. If you missed it you can still see it at https://tulsi.to/discussion.
All Wars Are Bankers’ Wars
Anyone who wishes to be well informed and understand civilization’s present predicament would do well to watch this video. I may not agree with all the specific details but the basic story is correct and well documented, and congruent with my argument that the global interest-based, debt-money regime that centralizes power and concentrates wealth is the primary obstacle to social justice, economic equity and peaceful relations among people and nations, and indeed, an existential threat to civilization itself. View it here.
Wishing all a happy, productive, and peaceful year,
Thomas H. Greco, Jr.