Capitalism Is Not
Secure -- Unless Everyone Is
© 1998-2000 Macroknow Inc. All Rights Reserved.
- When people and their governments are indentured
with gargantuan debts
- When their economic well-being can be
destabilized and their wealth cannibalized, with ease and at a distance, by speculators
- When usury permeates, directly or
indirectly, each and every economic transaction
- When the "free" marketplace is a
rigged "game of catallaxy"
- When air and water - the stuff of life - are
being polluted or poisoned
- When the "rule of law" enframes
"net advantages" for monopolists and quasi monopolists
- When financial, commercial,
technological, and media powers are concentrated in fewer and fewer hands
- When people cannot afford justice
people rouse themselves, and secure to
themselves the power to rule their own lives.
John Locke's warning
and Voltaire's "écrasons l'infâme" still hold true today.
World War III Against the Money
Trust? is not a figment of my imagination. When people
could no longer afford justice and 'cake' they sharpened their guillotines. For those who
do not remember history, Voltaire returned from exile triumphant. It should not be
surprising that thinking Capitalist billionaires like George Soros are worried about the
future of the global Capitalist system -- and welcome change. But financiers like Soros who
believe that "[f]inancial markets are not immoral; they are amoral"1
are deceiving themselves. While reason and morality are separate dimensions in economic
space, they form an indivisible totality in our Being. Any
philosophy that posits the amorality of financial markets is fraudulent at best, because
it distorts truth and causality, and, therefore, responsibility and accountability.2
|In Capitalist societies,
economic security is national security. So what could threaten the economic
security of the United States? Air Force 2025
a report tasked in 1994 by the Chief of Staff of the United States
many possible threats. These include, ironically:
Believe it or not,
"vendettas of wealthy individuals or
- The insecurity of money;
- A global recession;
- The national debt;
- "[S]imple, everyday, corrosive
corruption" - "the human kind" or "the electronic kind";
- A currency markets panic;
- A "banking system or currency
Financiers and bankers may be able to destabilize
customers -- one borrower at a time. But the people can destabilize the whole Capitalist
system in one fell swoop -- with double runs on
banks and on the justice system. Of the two, the run on the justice system is the most
decisive. Of course, it must be avoided -- if possible.
Edward E. Ayoub
Soros's views on market values vs. social values, see George
Crisis of Global Capitalism
Society Endangered], 1998, at 195-213.
Published by Public Affairs, New York, NY.
Edward E. Ayoub, The Essence of Capitalism,
published by Macroknow Inc., Toronto, ON,
Force 2025. Study chaired by Lt. Gen. Jay W. Kelley, Commander, Air University,
Maxwell Air Force Base, Alabama, June 1996, at http://www.au.af.mil/au/2025. See,
especially, External Paths to Extinction for the USAF at http://www.au.af.mil/au/2025/volume4/chap01/v4c1-2.htm.