The Democratic Revolution and the Socialist Revolution | John Rees | Counterforum 19 June

[JJaguar333]

Cheers for a simplification of zeitgeist dude. But actual revolutionary socialism or marxism seeks to implement this by overthrowing the capitalist and debt baised system, therefore replacing it with a system of controlled monetary actvity ,with communal ownership of banks and abolishement of private property. Also marxism seeks to do away with the monetary system all together, because yes there are real products which teh economy produces which can be exchanged without money.

[raskel71]

Does the solution to inequality, mean that I do not own my car, house, farm or my life. Do we have a personal right to improve our existence, if I work & develop a better life for my family, is he saying that my neighbor has the right to forceably take the product of my efforts? Does this mean that the government can take your home, food & family to serve the "common" good (per the leaders perception)? Why would I work & improve if I can't benefit-oh, I forgot I will be forced to submit.

[eric5335]

@marsCubed Oh, you don't realise ANYTHING! I live in Denmark and your statements are absolute lies. Nothing else! No crime? Off Course! Freest country! Oh yeah, wealthiest people!!!!!!!!!!!! AHHHHHHHHHHHHHH I AM NOT WEALTHY AT ALL! YOU ARE BEING TOLD LIES! Nothing else! Please, I beg you, you don't want to live in this Godless society. I beg you, don't believe them at all!

[marsCubed]

@eric5335 I did not mean to say Denmark was some kind of perfect society.

It does however have the most equal and wealthy population.

It got that & high level of education, health etc, by taxing the wealthiest few % more.

It demonstrates a good vector in which economy can emerge steered by open debate & sane responses to market pressure.

More of a concept than reality.

Something we should all move towards.

It demonstrates the failure of unrestrained profiteering in the US/ Greek style economies.

[eric5335]

@marsCubed Oh yeah, but you just tweaked the facts and reality to make your socialistic trash sound DAMN COOL!!!!!!! YOU DON'T LIVE HERE in Denmark! You do NOT know anything about our so called WELFARE STATE that's killing our CULTURE!!!!!!!!!

But apparantly you know better because you fall prey to the mainstream media in England. BBC huh? Like BBC is ALWAYS telling the truth?!!!!!! I LOSE MY MIIIND TODAY!!!!!!!!!!!!!!!

[eric5335]

@marsCubed Hi, please take a look at the comments I just wrote to JJaguar333 on this video. It's about some really interesting information I came across since I wrote the comments on this video about a year ago.

[JJaguar333]

@eric5335 So god wants you to profit at the expense of others?



[eric5335]

@JJaguar333 I got to tell you something. Since I wrote these comments I have come across some very interesting information. It has very little to do with capitalism or socialism, at least not really directly.

Here it is:

1.

The problem of poverty and increasing poverty as well as rising prices which affects ordinary working people, the middle class and the poor comes from the huge debt that most western countries have.

[eric5335]

@JJaguar333 2. These national debts come from the impossible monetary system that Denmark, the US and really almost all the western world has (and maybe even in the entire world). Ask yourself the question where does money come from? How does it get into circulation? And how can countries like Denmark and US, which have ressources and people with brains and hands who can work and produce get deeper and deeper into debt? I will try to tell you how it works.

[eric5335]

@JJaguar333 3. All money gets into circulation (in the economy) when a person or a company borrows money from a bank. They then have money but also a debt to pay. But then they also have the interest to pay. And when the money then is spent, the person or the company has to earn money which the person gets from someone else who perhaps also got their money from a bank. But the first person still needs to find the interest and the second person also.

[eric5335]

@JJaguar333 Where do they get the interest to pay their debt from? Where are the money to pay the interest when the only way to get money is to borrow from a bank? People would have to borrow more to pay the interest. And that's where the system gets impossible. Because the economy can't create more money, only develop ressources and produce actual products. So right now, the money in circulation represents debt and not wealth like it should do.

[eric5335]

@JJaguar333 5. But there is more. Banks also have the ability to create more money than they have. They actually loan out promises to pay. When someone borrows, the money that they borrow is simply written down in the checking account and does not actually exist, but the borrower gets it to spend, but also has the debt and the interest to pay. So banks actually can create money out of nothing. It's called fractional reserve banking.

[eric5335]

@JJaguar333 6. I know I am writing quite many comments, but I just want you to know this, because it's actually the root of almost all the economic problems.

In 1913 in the US, the Federal Reserve Bank was implemented (but it's not federal, it's actually private). Around the same time, an income tax system was also implemented. Since then the national debt grew and more people got poor. Then welfare programs slowly came into existence because people demanded it. But the poor are not to blame.

[eric5335]

@JJaguar333 7. So now with Greece and all the other problems you only see the beginning of what is to come. The US and Denmark as well as other countries will probably experience similar problems as in Greece in future unless something is done. 

[eric5335]

@JJaguar333 8.

Solutions:

Some say a bigger welfare state is needed, or more socialism or democratic socialism. Others say we have to cut taxes and decrease government programs and let free markets work.

Neither will help. Neither will solve the debt problem. A change in system is needed. But it's not actually a complete revolutionary change in system and what I will try to explain as a possible solution isn't something new. It has been done throughout history.

[eric5335]

@JJaguar333 The real solution:

First, the government shouldn't be able to borrow money from banks or anyone else. The government can simply print their own money so nobody has to pay interest to nobody. The politicians who are elected by the people then get the money power back from the big banks. The next thing is to eliminate the ability of banks (and anyone else) to loan out more money than they actually have (fractional reserve banking). That's it. A nation doesn't need a national debt.

[eric5335]

@JJaguar333 For more information I highly reccomend you to go to Bill Still's Youtube channel: "bstill3". And also Byron Dales Youtube channel: "TheByronDaleChannel". That's where I got most of the information from.