Capitalism failed

02.08.2012

By Stephen Lendman

Economic/financial systems dependent on wars and predation eventually self-destruct. Western capitalism is no exception. Money power runs things. War profiteering is policy. Ordinary people have no say. Exploiting them for profit is prioritized. Divisions between rich and poor grow. By some measures they're unprecedented. Money power in private hands and democracy can't co-exist. Banking giants transformed Western societies into vehicles for wealth extraction. Corrupt politicians facilitate their criminality. In return, they're rewarded handsomely.

Paul Craig Roberts wrote about "The Collapsing US Economy and the End of the World." Can societies survive Washington's hubris, he asked?

Federal policy destroys people politically, militarily and economically. Few benefit at the expense of most others. Washington grows more "isolated and despised." Europe "is on the ropes" and sinking. Wars rage endlessly. Victories are elusive. Options perhaps are down to "the elimination of life on earth. Is this Washington's program," asked Roberts..... MORE

Source:  Pravda.ru

URL: http://english.pravda.ru/opinion/columnists/02-08-2012/121826-capitalism_failed-0/