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EDITORIAL
THE
HIGH NOON OF CAPITALISM: THE OVERTHROW OF THE ADVANTAGES OF LENDERS OVER
BORROWERS IN THE 'RULE OF LAW'
© 2000 Macroknow Inc. All Rights Reserved.
Capitalist dogmas, like the Ptolemaic Church doctrines of
medieval Europe, are doomed. Money cannot
be the center of life; and the 'rule of law' cannot continue to
conceal the stealthy Darwinistic net advantages of lenders over
borrowers.
The dogmas of Capitalism are archaic. They are enframed in
the Solomonic creed: "The rich ruleth over the poor, and the
borrower is servant to the lender" [Proverbs 22:7]. We must
free Capitalism from this creed or risk World War III. The
accumulation of vast global financial, commercial, industrial,
technological, and media powers in fewer and fewer hands, with no
social responsibility or accountability, is dangerous -- and
ultimately catastrophic. Oswald Spengler, author of The Decline
of the West, wrote: "Thinking in money generates money."
But he also warned against the coming "conflict between
money and blood."1 Let me repeat his words:
"The sword is victorious over money, the master-will subdues
again the plunderer-will."2 Financiers and bankers
-- at the Federal Reserve Bank, at the International Monetary Fund, at the World Bank, etc.
-- better understand that the "dictatorship of money"
ultimately breeds economic totalitarianism, and totalitarianism
breeds war.3
The high priests of finance and banking are doomed to lose their
authority. The financial calculus depicted in economics and finance
textbooks is manifestly wrong. It does not reflect reality. There is
no hint in the formulas of finance of the greed of the marketplace, of
its foul and unfair competition, and of its predatory practices.
Under the glitter, sizzle, and magic of the market you find
price-fixing, stock-price manipulation, cheating, juicing,
profiteering, counterfeiting, dumping, pirating, fraud, deceit, collusion,
conspiracy, coercion, economic plundering, malice, etc. – often
masquerading as meritorious virtue.
Current financial theories conceal the malice of a world order
based on "lordship and bondage."4 The debts of
families, the debts of governments, and the debts of businesses are
nothing but economic bondage. The fetters and shackles of Babylon
and of the Greek and Roman empires have been replaced by usurious
contracts that indenture or enslave at a distance. The theories of finance must
be overthrown and replaced with The Quantum Theory of Economics –
where the Good and Evil dimensions of our acts and the Free and
Slave dimensions of our being become explicit.5
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and usury plague hundreds of millions of people around the globe. A World
System that is based on debt and usury – secured through net
litigation advantages for usurers -- is doomed to collapse. I
suspect the collapse will be spontaneous and global.
No
army and no military weapons can stop a global run on the
Justice System. A global run on the Justice System
means that all unfair and unjust contracts around the world
are spontaneously declared void ab initio.6
It also means that money loses de facto its coercive
power -- and the Darwinistic in the 'rule of law' its unmerited
legitimacy.
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The high noon of Capitalism
will be soon upon us. The 'rule of law' is due for a bloodless revolution.
The Darwinistic net advantages of lenders that are deeply encoded in
legislation must be eliminated. Thomas Jefferson's
work -- the repeal of the laws of entail and primogeniture, the
establishment of religious freedom, etc. -- must be completed with the
overthrow of all the stealthy net advantages of debt creation and usury in
the constitution and in the legislation.7
Dr.
Edward E. Ayoub
1
Oswald
Spengler, The Decline of the
West. Abridged Edition by Helmut
Werner. English Abridged Edition prepared by Arthur Helps, from the translation by Charles
Francis Atkinson. Oxford, UK: Oxford University Press, 1991,
pp.
408 and 414.
2 Ibid.,
p. 414.
3
'Dictatorship
of money' is Oswald Spengler's expression, ibid., p. 393.
4
The philosophy of "lordship and bondage" is
Hegel's. See
G. W. F. Hegel,
Phenomenology
of Spirit. Translated by A.V. Miller with Analysis of the Text and Foreword by
J.N. Findlay. Oxford, UK: Oxford University Press, 1977, pp.
111-119.
5
Edward E. Ayoub, The Essence of Capitalism.
Toronto, ON: Macroknow Inc.,
2000.
6
For
a thoughtful discussion of Civil Disobedience, see John Rawls, A
Theory of Justice. Cambridge, MA: Harvard University Press,
1971. See also
The Arguments for the Principle of Fairness,
pp. 342-350.
7
For
a historical perspective on Jefferson's attempt at "a legal
counterattack that would completely overthrow the English legal
system," see Willard Sterne Randall, Thomas Jefferson: A
Life. Willard Sterne Randall, 1993. New York, NY: HarperCollins
Publishers, Inc., 1994, pp. 283-309.
Posted September 27, 2000. For Release
October 1, 2000.
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