From: devcarter@iinet.net.au   
      
   Plutocracy's trickle up economy- the reality of the AIG bonus and WW3.   
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   Democracy in the plutocratic west is corrupt beyond salvation for a   
   few simple reasons.   
      
   There are two powerful camps at play here- the owners and the workers   
   but strange things are possible when there is collusion between them.   
      
   Under a true capitalist system the workers earn enough money to not   
   only fund their living expenses but also enough to save. In a well   
   managed capitalist economy the workers who save enough capital may   
   start their own businesses and become entrepreneurs- getting the   
   chance with ability and hard work to become upwardly mobile and join   
   the ranks of the middle classes. Conversely, the capitalists who do   
   not invest wisely or work efficiently and effectively to manage their   
   businesses may go broke, loose their capital and become downwardly   
   mobile and may end up joining the ranks of the workers or unemployed.   
      
   The key feature of a true capitalist free market system is this class   
   mobility- a two way street. But what happens when capitalist conspire   
   to ensure that key sectors of their economy are too important to fail?   
      
    The transformation from capitalism to plutocracy occurs when these   
   influential capitalists and the more powerful workers groups   
   democratically agree to the sweetheart deal whereby the capitalists   
   get political support for a state subsidy of some kind and the workers   
   get a right to negotiate higher wages in key sectors.   
      
   These corporate privileges and higher wages paid to the advantaged   
   sectors then undermine the savings ability of the workers in the   
   disadvantaged sectors due to higher inflation- so they lose their   
   capacity to save and are encouraged to take on temporary debt. Credit   
   card debt typically becomes permanent debt due to the permanence of   
   this corporatist collusion between capital and labor.   
      
   So called democracy in the West is a corporatist deal between capital   
   and labor, between party A and party B.   
      
   But having found a sure fire winner with one make-work-scheme, why not   
   build an accretion of make-works-schemes and call them our vital   
   interests?   
      
    Under true capitalism the free market economy is a trickle down   
   economy- workers earn sufficient income to save, but under plutocracy   
   or corporatist collusion the so called market economy is an unstable   
   trickle up economy where saving for the average worker becomes   
   impossible.   
      
    It is unstable because this corporatist collusion between party A and   
   party B unbridles the plutocratic state from the rigors of a global   
   free market. Who cares about free market realities when one has enough   
   vital interests to defend to stay in the black for an eternity and to   
   hell with those who don't- including other capitalists and   
   entrepreneurs?   
      
   If it is more profitable to debase the money supply and issue nickel   
   coinage instead of silver why not do so, as the corporatists have the   
   power to raise prices and advantaged sector wages?  The underclass in   
   the non-corporatist economy is pushed further into debt with rising   
   inflation and declines in the purchasing power of their lower wages   
   paid with a debased currency.   
      
   If the corporatist need more cash, they don't need the market   
   discipline of buying a horde of gold or silver anymore before printing   
   more money.   
      
   If the proliferation of armaments for the purpose of escalating   
   conflict and the probability of then creating wars is a guaranteed   
   boom to the military sector of the corporatist economy, why not do so?   
      
   The underclass in the non-corporatist economy is then pushed further   
   into debt with a decline is government revenue allocated to public   
   infrastructure, healthcare, education and welfare.   
      
   Thus the plutocratic state is corporatist collusion to shift wealth   
   from trickle down to trickle up.  The social pathological nature of   
   this evolution is evident in the ever growing malignant tumor of the   
   public and private debt mountains.   
      
    What this debt represents is the appropriated wages and profits of   
   the non-corporatist segment of the economy, plus interest.   
      
   Corporatist democracy is the problem, and it is little wonder that the   
   US government response is more of the same- to turn on the tap of   
   bailout and stimulus.   
      
   According to the plutocratic mindset, if 'trickle up' is good then a   
   'flood up' must be even better.   
      
   The AIG executive bonuses funded by a bailout are the tip of the   
   iceberg of the corporatist undermining of the capitalist state that   
   has been decades in the making- just the latest example of our   
   corporatist trickle up economy.   
      
   When all the fizz goes out of bailout and stimulus and any other   
   conjuring tricks the corporatist elites come up with, the masses will   
   need to consider radical national secularist surgery as this alone   
   address the real underlying problems of increasing asecularist   
   zealotry in domestic and foreign policy, currency debasement and an   
   unsustainable shift of wealth from the bottom and center to the right.   
      
   Only restructuring will make free markets truly free again and get   
   small 'c' capitalism back on its feet again, but this will require   
   radical surgery on the social pathology within.   
      
   The ever present danger is that the closer the scalpel, the more   
   attractive WW3 becomes to the plutocrats and their ideological   
   bedfellows- the Zionists and neocons. The recent Gaza offensive and   
   electoral triumph of the Zionist far right in Israel ensure that   
   plutocracy has a willing attack dog at hand- the nuclear armed Israeli   
   Zionist regime ideologically committed to plutocracy's survival at any   
   cost.   
      
   The recent ultra Zionist state sponsored attack on the northern   
   Israeli Arab town of Umm el-Fahm mirrors the rise of fascist violence   
   against the Jews in Nazi Germany. The rise of fascism and Zionism   
   mirrors similar wealth shifts, then as now, to the right.   
      
   What is worrying the Chinese and many in Europe is that the American   
   financial crisis has the smell of fait accompli.   
      
   It beggars belief that the US government, Wall Street and the   
   financial regulators never saw it coming and were genuinely surprised   
   by the financial crisis and resultant global turmoil.   
      
   What a pox doctor's clerk could figure out in half an hour, all the   
   advisors, professors and doctorate holding full-time tenured   
   specialists could not understand nor comprehend in a million man-hour   
   lifetime?   
      
   In short, it stinks of cover-up and collusion- and tacit agreement   
   between the corporatist elite that as structural reform is politically   
   impossible, global war is inevitable.   
      
   If one is on this path to global conflict what better instrument that   
   a trade in derivatives and credit default swaps to scuttle the global   
   economy and pull all the plutocratic regimes into a common military   
   alliance for plutocracy's survival.   
      
   If the growing millions of chronically impoverished or unemployed   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)