Now, Economist magazine, controlled by the Rothchilds, is debating the role of "state capitalism".
As part of the debate, they feature Aldo Musacchio, associate professor at Harvard Business Schools who writes in support of state capitalism:
State capitalism in the 21st century is a hybrid form of capitalism that is propelling firms to the forefront of the Fortune 500.He goes on incredibly to write:
... countries that have strong systems of state capitalism showed more resilience during the financial crisis of 2008-09. Large emerging economies where state capitalism is the norm, such as China, India and Brazil, were able to avoid a severe recession thanks, in part, to the capacity of their governments to deploy resources through state banks and through state-owned holding companies.China is on the verge of one of the greatest economic crashes in the history of mankind. They have ghost cities, 40 million plus empty apartments, ghost airports and ghost subways.
The whole situation is sureal.
ReplyDeleteOn second thoughts, its really bad theater. I demand better entertainment from our overlords.
"I know what you're thinking, 'cause right now I'm thinking the same thing. Actually, I've been thinking it ever since I got here: Why oh why didn't I take the BLUE pill?"
ReplyDeletePut me back in the Matrix, please!
I think their brains are leaking out as we watch!!
ReplyDeleteAn italian man writes in favor of a corporate-fascist state. Now why does that seem familiar?
ReplyDeleteOh, right. Let's all get ready for national greatness!
"China is on the verge of one of the greatest economic crashes in the history of mankind."
ReplyDeleteThe Chinese have oodles of malinvestment, sure, but when the dollar collapses the RMB will soar. They'll take a haircut, maybe a buzz cut, on their dollar holdings, but the average Chinese citizen has been saving 30% of his RMB wages for a generation. As soon as they allow liquidation of their ghost towns and t-bills, they'll be ready for a *real* boom based on savings, investment, and production - 3 ingredients for growth which are much more prevalent in China than almost anywhere else in the world.
Well the catch phrase is "allow liquidation". My reading is that they are NOT Austrians.
DeleteA "haircut?" They're going to get scalped!
DeleteI respectfuly disagree...their hugely infected balance sheets cooked books are a milkway away from any possible humane framework that can be fixed without a massive DEvaluation of the RMB...I think that it is right the opposite ...and they are gonna print once they get the burst phase ...and then a massive Hiperinflation is goign to be in place....this is the real scenario ..and I think that is going to happen to China even before in America...any bubble sooner or later goes burst...big bubbles go via anihilation...or in other words a very very serious deflation much worse than the japanese even envisioned in their worst nightmares...followed by huge inflation....
DeleteFascism by a less evil name. If they think the elites unfairly exploit the system now, wait and see how they do it in a system where one can openly cut crony capitalist deals. This is sick.
ReplyDelete"The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state. Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic problem of Socialism—until it becomes obvious that nothing has been changed but the name. The most recent slogan is "State Capitalism." It is not commonly realized that this covers nothing more than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy, and State Socialism diverge only in non-essentials from the "classic" ideal of egalitarian Socialism."
ReplyDeleteLudwig Von Mises
State capitalism = fascism.
ReplyDeleteCapitalism is slavery. It's high time we get rid of it.
ReplyDeleteIt is called capitalism, because Capital rules over labor.
And the class owning Capital is very small one.
The idea that our problems are 'not enough capitalism' is typical of Austrianism, but the truth is that both Capitalism and Communism are monopolies and the Capitalism vs Communism dialectic just exists to consolidate this monopoly.
Don't fall for it. We are not capitalists, we're the capitalist's slaves
http://realcurrencies.wordpress.com/2011/12/20/what-is-capitalism/
So Anthony give us clue what the new system is? I say new since every other economic system thus far has produced far more inferior results. How about Anarcho-capitalism?
ReplyDelete