Since the Human Preservation was founded in 2009, a severe economic unraveling has stunned analysts globally. The bloated housing bubble got pricked by new, higher energy costs, which then impacted squarely on the banks. The big banks managed to recoup their windfall profits, thanks to all the TARP money from taxpayers, but are still engaged in speculative activity in the way of seedy gamblers. Can the world afford the casino-style capitalism? Any move to rationalize the world's financial edifice is and will be seen as an assault of the free market. So we are doomed to repeat again all the stupid errors. Since 2008, some $35 trillion has just evaporated. Alas, the nature of money, that it should just evaporate. But that lost $35 trillion is nearly half the world's available liquid funds.
Of course, if they had read David Ricardo they would have quickly realized that sinking your wealth into real estate, is not the best way to use it, to grow it, to win big while helping society by creating jobs. Why on earth do rich people get the jitters? Why do they seek the security of landed property? The USA will generate only one third the jobs required, that everyone able to work, can. That of course is the Republican 'wet dream' but rendered impossible because of the big business bent on ever higher quarterly profits, which they believe is the only way capitalism can work. How limiting! A little economic history would quickly show some 20 different kinds of capitalism.
The main feature to observe is the way the arrogance and greed of the very rich, have impoverished nearly hundred million citizens. The stupid errors of the gambling speculators now leads to destitution, experienced broadly. Have these vulnerabilities been isolated and addressed? Not in your life. The real estate market has not recovered. The stock market is teetering. The financial research 'experts' of course never did much social science work. They have learned that petroleum is important - it's energy, they say - and they have learned that the Middle East has most of the oil and gas. So they get the jitters - another failure of trust. So millions are further impoverished.
Listening to the Republicans one sees how they hate Islam. That they do not know bout it, makes little difference in their demonization. Of course, this warring against the Muslims is very much the tradition of Medieval European feudalities. A militant Christianity also evolved the aggressive Tzars of Muscovy. After a thousand years of such foolishness, we are still confronted with the perpetuation of religious bigotry. (log onto to http://ancientneareasternlaw.blogspot.com and http://middleeastspeculum.blogspot.com, and http://speculumuse.blogspot.com.)
Curiously, it is the Muslims who have best perfected the kind of capitalism which puts everyone to work and distributes money. The banks don't lend money, hoping for a little interest, but boldly join entrepreneurs (usually individuals or families) as partners in investment. Islamic societies create a range of institutions for social welfare and cheap business maintenance without any state assistance.
Maybe you can tell us how to proceed. -JPM, Amherst, Massachusetts USA
The author is, amongst other things, the moderator/instructor of the online discussion group 'Islamic Civilization,' hosted the the FAS graduate alumni office, Harvard University.
Of course, if they had read David Ricardo they would have quickly realized that sinking your wealth into real estate, is not the best way to use it, to grow it, to win big while helping society by creating jobs. Why on earth do rich people get the jitters? Why do they seek the security of landed property? The USA will generate only one third the jobs required, that everyone able to work, can. That of course is the Republican 'wet dream' but rendered impossible because of the big business bent on ever higher quarterly profits, which they believe is the only way capitalism can work. How limiting! A little economic history would quickly show some 20 different kinds of capitalism.
The main feature to observe is the way the arrogance and greed of the very rich, have impoverished nearly hundred million citizens. The stupid errors of the gambling speculators now leads to destitution, experienced broadly. Have these vulnerabilities been isolated and addressed? Not in your life. The real estate market has not recovered. The stock market is teetering. The financial research 'experts' of course never did much social science work. They have learned that petroleum is important - it's energy, they say - and they have learned that the Middle East has most of the oil and gas. So they get the jitters - another failure of trust. So millions are further impoverished.
Listening to the Republicans one sees how they hate Islam. That they do not know bout it, makes little difference in their demonization. Of course, this warring against the Muslims is very much the tradition of Medieval European feudalities. A militant Christianity also evolved the aggressive Tzars of Muscovy. After a thousand years of such foolishness, we are still confronted with the perpetuation of religious bigotry. (log onto to http://ancientneareasternlaw.blogspot.com and http://middleeastspeculum.blogspot.com, and http://speculumuse.blogspot.com.)
Curiously, it is the Muslims who have best perfected the kind of capitalism which puts everyone to work and distributes money. The banks don't lend money, hoping for a little interest, but boldly join entrepreneurs (usually individuals or families) as partners in investment. Islamic societies create a range of institutions for social welfare and cheap business maintenance without any state assistance.
Maybe you can tell us how to proceed. -JPM, Amherst, Massachusetts USA
The author is, amongst other things, the moderator/instructor of the online discussion group 'Islamic Civilization,' hosted the the FAS graduate alumni office, Harvard University.
