Mumia Abu-Jamal -- The Fall of the House of Capital ??

By the time you read this the $700 billion bailout will have been old news, one of the biggest transfers of wealth in history. But it will not heal that which ails the nation as it trips and stumbles like a drunken sailor on shore leave. The reasons are simple. For the problems are systemic, built into the rapacious nature of the machinery humming all around us. The Rube Goldberg-like contraption of democratic forms at the service of the financial services industry is a bottomless maw, a gaping mouth that is never sated. Why was there no alarm when millions of people lost their homes to foreclosures made inevitable by variable mortgage rates? When millions lost manufacturing jobs to low paying service gigs? When living standards crumbled, and when take home pay fell to 1973 levels? Where was the alarm? There was no alarm -- for this was the 'blind hand of the market' at work, the leveling way of globalism, the new world order moving through, preparing the way for the triumph of capitalism uber alles. Few were the politicians who gave voice to this immense social suffering. Fewer still used their power to try to assuage their pain, for they too were drunk on the wine of globalism. But when the ripples spread upwards, from the foreclosed homes to the foreclosing banks -and from the banks to investment houses, Congress stirred from their drunken stupor, and rang alarm bells loudest. "It's an economic 9/11!", some bellowed; "It's a financial tsunami!", yelled others. When Americans were hoodwinked into ruinous sub-prime loans, and millions were faced with foreclosures, where was the alarm? More importantly, where was the help for those who were endangered? Nowhere. Nowhere. If they helped them the present economic crisis would've been mitigated. Instead, we're in a situation where a scam artist sets up shop in a street-corner, playing a fraudulent 3-card monty hustle, and along comes a cop. The cop, instead of rousting the scam artist, rifles the pockets of every passerby, and delivers the stolen loot to the scammer. The scam artist, of course, is the financial investment houses; the cop, of course, is Congress -- and you are the passerby, hustled and robbed by both of them. Karl Marx and Friedrich Engels wrote, 160 years ago, that the State was but the executive for capitalist. After what we are all seeing, who can doubt it? The Empire is crumbling.

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[DominicMetal1979]

This blowhard is railing against Capitalism, based on things like $700 billion bailouts. WHICH ISN'T EVEN CAPITALISM. He's a liar and a deceiver, and I can only hope there are a few good young people out there who aren't fooled by him and his ilk.

[Menace3434]

this is actually capitalism at work this is actually capitalism in her Keynesian form

[DominicMetal1979]

Keynesism is a perversion of Capitalism at best. You're dishonest and you know it. The only way you and your ilk can survive is to get the govt to FORCE thinking men to support you. Done talking to you now, because of what you demonstrated in your other comment.

[Menace3434]

why you defend it then ?? and to say Keynesism is a perversion of Capitalism is to say that market socialism is a perversion of Marxism and that we need to go back to Marx again which i rather go to Bakunin or Kropotkin but this is my opinion you dogmatic capitalists and Marxists are fucked

[qbannis]

People listen to him because they're tired of hearing what people like you have to say. Also most believe he is not a murderer. Bottom line: intelligent, thoughtful folks will always have an audience, no matter how loud the ignoramuses protest.

[Jesusthepalestinian]

Bless you Mumia Abu-Jamal

cheers and Regard Menace3434

[julioshawtylean76]

@qbannis Truth truth

[MikeKay1978]

I do understand that the banks played fouled game with the kredits but every person has it responsibility, you canot buy a house that you cannot afford! Of course Mumia is right about one thing that the individual had to take responsibility and pay for, the way of the capitalist, The banks on the other hand didn't The responsibility for the banks actions was socialized. So you see capitalism is like communism, its an utopia.

[k3304]

@DominicMetal1979 , good comment ! you are so right !

[k3304]

this guy shouldnt be breathing let alone talking on You Tube

[semaifirtes]

@DominicMetal1979 The bailouts *are* an inevitable part of capitalism in the real world. Whatever fantasy world you imagine is irrelevant. We have to deal with things as they are and not live in far-fetched abstraction. So while I'm an anarchist, I'm not going to pretend that the really-existing world is not such a thing. It is, and your fantasy of "perfect competition", is a load of nonsense (even though there's nothing stopping a "perfect market" from developing similar institutions)

[IgorDraskovic]

@DominicMetal1979 A clarification about the Marxist definition of monopoly in capitalism. We Marxist understand "Monopoly Capitalism" as an advanced stage of capitalism, not some perversion or deviation from "original" or "real/pure" capitalism as envisioned by political economist of the 18th century such as Adam Smith. This is why Monopoly Capitalism is present in every developed capitalist economy in the world.

[TheSr1m]

no danny7698 the only one who be getting volted up there arse is ur white hide getting lynched by niggars ur mum is a low down 5 dollar whore so fuck her 4 me just 4 the black power movement

[TheDanny7698]

Give Mumia More power! 50,000 volts of power.

[eazyreccords117]

is this about the new world order

[DominicMetal1979]

Ok I'll answer.

1. You rely on quotes from thinkers (this is also evident from your profile), rather than a genuine understanding of the truth.

2. I'm not saying monopolies are good. I know they are not. Usually it is collusion with the state that results in monopoly, not real Capitalism.

-

Capitalism is the removal of force from human economic relationships. EVERY other form of economy requires the initiation of force in order to work. No man has the right to initiate force against others.