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Showing posts from August, 2011

The Hidden Truth of Inequality.

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The UK uprisings took the whole world by surprise. But why were we so surprised? The answer lies somewhere between our own need to see the world through blinkers, and the unending lies fed to society by those who benifit most from the grossly unethical and criminal inequality foisted upon the world. In 1920, two German Professors, Karl Binding and Alfred Hosche published their treatise - Permision for the Destruction of Life Unworthy of Life . They presented an argument for killing "incurable idiots, empty human husks and useless eaters so that the nation might be unburdened from caring for these and by so doing allow the nation to soar ever higher. The initial reaction of the Brittish to the riots were symptomatic of this thinking and some on the BBC even went so far as to call the rioters "scum". The Brittish Prime Minister not far off this "popular" sentiment goes out the next day and declares to the Nation that the state will hunt down the rioters ...

Free Markets are learning the lesson that there is No "Free Lunch"

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Alan Greenspan, Larry Summers, Hank Paulson and the rest of the free market rabble have all admitted the defeat of the Free Market ideology: Greenspan said in 2008: " I found a flaw in the model I perceived is the critical functioning structure that defines How the world works" The determined Free Marketeers cling to their failed ideology nonetheless for this is all they have....this was the bread and butter they grew up on.....There are no alternatives the text books tell them, and so they continue to scrap around in the vain hope that somewhere in the free market dialect, a bone will be exposed which miraculously will save their ideology from the shame and ignominy of defeat. Ivor Vegter one of those die hard "capitalist writers" makes a succinct point when he points out that there were those who told the world that the capitalist economy was bound to fail. He credits Ludwig von Misses (1929) with this great insight. God Forbid that a capitalist should ever m...