The Capitalism that never was... will we ever experience real capitalism?
I recently watched and reflected upon, doing a little bit of facts finding and research too, the most recent movie of Michael Moore “Capitalism: A love story”.
The Capitalism that never was...
Capitalism never lived bottom up in practice only in principles spoken as opportunity to choose and to be free to do what you want. Reflection number 1 on that: Capitalism in itself, the way that was first theorized by Adam Smith and his ‘invisible hands, free market dynamics” would be a dynamic tool to empower people to potentially express the very best of oneself (I found very interesting article on the topic: “Adam Smith Was Not Schizophrenic” http://blogs.hbr.org/cs/2011/12/adam_smith_was_not_a_schizophr.html ). Reflection number 2 the banking system has become the key overriding force of any political power, much less a democratic one. The authoritative Robert Fisk describes this well in his recent article “Bankers as Dictators of the West” http://www.independent.co.uk/opinion/commentators/fisk/robert-fisk-bankers-are-the-dictators-of-the-west-6275084.html
What a democratic workplace is like...
Isthmus engineering in Wisconsin as a nowadays concrete example of a successful company driven in its organizational dynamics by the bottom-up motivation of capitalism setting workers as true owners, that actually apply real democratic principles to manage the workplace (see the company website for further details http://www.isthmuseng.com/company/worker-owned-cooperative/ ). The company is successful and as Moore points out in his flamboyant style: “Every member one vote on decision making. Money is out of the equation and just for that they end up making more money and money actually shared!”. Reflection: let’s pay attention, this is an actual company, that manufactures, that provides concrete services, this is the way that it adds value to the economic system and to society; it is not a company that makes of its business simply by ‘playing with money’. The issue of workers ownership is often pointed out in these pages and that we will never get tired to point out to engage an actual and constructive debate on that (see as actual references on key insights http://en.wikipedia.org/wiki/Louis_O._Kelso and http://bostonreview.net/BR23.6/gates.html ).
Wall Street Monsters & Co. ...
According to Moore now Wall Street now can bet on anything - refinance, consolidate bills, “if you cannot repay it we just take your house” but first they changed the rules destroying financial regulations. He names names Countrywide, Citibank and then is some sort of mafia that comes to collect. He points out that Flint (his hometown in Michigan) in a few decades switched business from manufacturing cars to sending foreclosures ordered by banks. In the current US many students come out of the university system with a degree that they can hardly use and debts that amount even up to $ 100.000 .
FDR Bill or Rights empty legacy and the current European and US crisis...
The determined Moore also points out that the Second Bill of Rights issued by President Franklin D. Roosevelt on January 11 1944 (http://www.fdrheritage.org/bill_of_rights.htm) never got implemented. Among these rights:
Michael I disagree! ...
What has happened? It has happened that the economic system has been developing in a way that enriches a few at the expense of the many. Michael Moor calls capitalism evil, I disagree, capitalism and democracy can match up and support each other to actual societal progress when they are allowed to spring and develop from the bottom-up! This is a concept that appears vague and unrealistic because we have been conditioned to think this way, let’s learn and truly discuss more about the links posted above. We owe it to our intelligence, to our present, to our future and the future of our sons and daughters.
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