From: devcarter@iinet.net.au   
      
   On the economy Obama will need to go to a plan B   
   ====================================   
   The plutocratic system is the political and economic system developed   
   in the Capitalist nations of the West dominated by the USA. It is a   
   system that eventuates should no counter-veiling constitutional force   
   exists that acts against gross wealth disparity and the undermining of   
   constitutional democracy by corporate interests.   
      
   Part of the process of plutocratization, is that neo-imperial   
   interests dominate the foreign policy agenda, not multilateral or   
   bilateral agreements to increase trade and prosperity for all US   
   citizens. The difference between a sovereign democracy and an imperial   
   entity is that imperial powers want their cake and eat it too. For the   
   USA it wants to impose a greater Israel controlled by Zionist allies   
   on Muslims, and a lesser Muslim Caliphate in Afghanistan and   
   elsewhere. A sovereign democracy doesn't play imperial games promoting   
   military conflict between abrahamic Semite sects. These policies are   
   highly profitable for the plutocratic corporations producing armaments   
   and hi-tech weaponry for the US defense forces but highly damaging to   
   other US businesses not dependent on US foreign policies for   
   militarist escalation.   
      
   The plutocratic imperial mindset sees the world in terms of allies and   
   enemies abroad and insiders and outsiders on the home front. The   
   consequences of plutocratic 'beggar thy neighbor' policies at home and   
   abroad is that once one creates a bottomless pit for the enemy /   
   outsider groups how does one prevent innocent bystanders falling in.   
   The plutocratic mindset sees the world as it would like it to be -   
   forever profitable come rain or shine, not holistically as it really   
   is where ideals with great regularity collide with reality and produce   
   unanticipated disasters.   
      
   If the rich keep getting richer and control an ever growing percentage   
   of a nation's wealth to the detriment of other classes, the stability   
   of the social system is ultimately undermined. If other classes cannot   
   share in the lifestyle promoted by the rich other than as impoverished   
   wage earners mortgaged and indebted up to the eyeballs by usury in   
   service of the plutocrats, the system is ultimately unsustainable and   
   will be restructured either by reform, revolution, war or the   
   evolutionary demise of the outsider classes.   
      
   What the plutocrats have built is a giant pyramid scheme, with   
   themselves at the top, the wage slave outsiders below and servile   
   political regimes at their beck and call. It is a scheme that must   
   inevitably develop in a political culture brainwashed with the mantra   
   of 'winner takes all'. Unless the outsider classes keep some wealth as   
   saving or assets, the system is unbalanced and cannot support a viable   
   market economy since personal debts and interest liabilities cannot be   
   met given the outsiders reduced income earning capacity. Such   
   imbalances cause the major economic depressions which in turn lead to   
   global conflagrations such as WW2 which followed the Great depression   
   of the 1930's.   
      
   The current financial crisis was triggered by a housing bubble in the   
   USA, with the initial outsiders being those caught with mortgage /   
   credit debt they could not viably service in the long run. Plutocracy   
   regards these outsiders as fruit for their sideboard and of little   
   importance in their scheme of things when beggared and on the street   
   after an inevitable foreclosure or bankruptcy.   
      
   These victims were only the first to fall into the hole, next came   
   those holding the highly devalued IOU's. If one IOU is devalued in a   
   plutocratic pyramid scheme what about all the rest? Now you understand   
   the holistic effect of how bottomless pits become whirlpools and suck   
   others in and why no financial institution wants to lend money   
   anymore. The cat is out of the bag. How does a bank tell if anyXYZ   
   Corp wanting to borrow a billion bucks is a genuine free enterprise   
   concern wanting to tap a market need, or alternatively a plutocratic   
   vehicle for con artists wanting to ramp their corp's stock, pay   
   themselves hundreds of millions in fees, dump corp stock at some   
   future market high point and then walk away leaving the bank with a   
   worthless IOU?   
      
   What Obama needs to grasp if he is truly on a reformist tack rather   
   than an apologist for plutocracy and merely trying to plug the leaks   
   in the sinking ship of US imperialism, is that this is a systemic   
   crisis and as such needs root and branch reform treatment not fiddling   
   with the peripheral symptom of unemployment.   
      
   You don't hook up a corpse on life support, just to restore some color   
   to its cheeks in the hope that all will now be just fine and dandy.   
   Pump priming with billions of borrowed funds without reform is doing   
   just that- just fiddling with the symptoms not addressing the systemic   
   problem- the cause.   
      
   The key to a future American success story is a balanced free market   
   system- neither rabidly laissez-faire capitalist nor neo-imperialist   
   and tending towards plutocratic socialism- the pork barreling of   
   militarist adventures, bailouts for Wall street insiders and the like.   
   Reform means taking an axe to all legislation that departs from a   
   reformed free market agenda at all levels (including reigning in the   
   Military) and building the checks and balances so that the less   
   intellectually and physically gifted retain some wealth in a new   
   hybrid ownership scheme in partnership with the state, where shares   
   may be bought via labor contribution.   
      
   It would entail dismantling of the welfare state so that all citizen   
   of  a working age who were not self funded retires: were either in   
   full time employment; actively pursuing a business activity; or   
   enrolled in some formal educational / training course likely to   
   improve employment prospects upon completion. Instead of a state   
   paying 'sit down money' or welfare without strings attached, income   
   support should only be paid as a loan for study, or as a part-wage for   
   labor performed building infrastructure during recessionary times with   
   part payment being offered in dividend earning tradable shares in the   
   project or as a lump sum upon liquefaction of the asset should it be   
   sold off by the state in a boom.   
      
   To build viable hybrid ownership assets to protect the outsider   
   classes, these assets need to be marketable and be able to be turned   
   into cash or an income stream that adds to GDP. Building more high   
   cost prisons in order to punish malefactors caught playing catch up   
   via the plutocratic defined "illicit economy", isn't building the   
   viable infrastructure necessary to turn the economy around. Indeed it   
   would be far better if justice demands punishment for the common good-   
   to go back in time to the cheaper alternative - the garrote and   
   cat-of-nine-tails for the people's eye for an eye and tooth for a   
   tooth. Anyone thinking 100 lashes was 'way too soft for the act of   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)