Poverty was exported and spread through Economics, to all other parts of the world by the world expansionism of Western civilisation in the last six hundred or so years. Before the rise and global spread of Western civilisation in the last six hundred years abject poverty was more or less unknown in most parts of the world.
It is the Western civilisation, through its hideous Economics, that has brought poverty into existence. Economics has transformed poverty into a defining and rampant feature of Western civilisation.
The point, though, is that poverty is as a direct result of the interplay of the tenets and principles of Economics and, as we are all aware of, Economics is the backbone of Western civilisation. So, there is no way that Western civilisation can exist or even survived without the large-scale poverty that has characterized this civilisation right from the beginning. It is just plain impossible to have a Western society wherein an overwhelming section of the population is not wallowing in poverty while a few at the top are living paradisiacal lifestyle at the expense of the poverty-stricken majority.
We are not aware of the fact the poverty is a distinctly Western civilisation peculiarity brought about by the evils of Economics. In other words modern Western civilization is, in a way, responsible for the rampant pattern of poverty throughout the world as we see it today.
As a matter of fact Economics is mainly responsible for impoverishing an overwhelming section of world population as we see today. It is the theories and hypotheses propounded by Western economist ideologues and philosophers that have impoverished the modern world and have made poverty a widespread phenomenon throughout the world today.
The poverty connection of Economics is that it deliberately and calculatedly impoverish the weak, the powerless and the masses in order to premeditatively enrich the strong, the powerful and the elite. This is the inhumanely greedy nature of Economics and it is the basis of both capitalism and the monetary system of the West.
The malevolent nature of Economics is such that artificial scarcity must be created in other to create artificial wealth. That means the powerless must be deliberately afflicted with scarcity in order for the powerful to be unjustly blessed with wealth.
Economics is responsible for the rampancy and widespreadness of poverty in our modern Western civilisation society. The point here is that the principles and dynamics of Economics operate only in such a manner as to promote and institutionalize poverty in the society.
Most of us are unaware of the fact that poverty is a product of the interplay of the artificially-engineered factors of Economics. The way and manner in which Economics works are completely responsible for the creation and spread of poverty in the society. The key features of Economics, including competition, greed, etc, all evidently feed directly into the production and establishment of poverty in our society. The underlying basis for all these tenets of Economics is the Theory of Scarcity which, in a paradoxical manner, deliberately creates mass poverty in order to maximize profit for the elite at the top of the economic ladder.
Poverty has to be created for the few at the top to be rich at the expense of the generality of the masses. Economics, based on the Theory of Scarcity, works only when economists and policy-makers deliberately and artificially create poverty in a section or class of the society in order to ensure that profit is maximize for the capitalists at the top of the economic ladder.
The point is that an artificial scarcity has to be created and competition has to be promoted if the forces of Economics are to be made to work for the benefit of the economic elite at the top of the Western society. This is the only way to empower the economic elite over the weaker section of the society.
The cumulative and long term effect of all the defining principles of Economics goes into the direct creation and institutionalization of poverty in the society. Economics works only in such a manner that it subjects the entire society to the creation of poverty for the benefit of the profiteering few at the top. So, Economics is nothing but more or less a system for the transformation of the society into mass slave camps for the benefit of the few at the top.
Hunger is Caused by Economics
Economics is also responsible for the large-scale hunger that we see in our Western societies. It is the economic policy-makers and world leaders that have worked in collusion to bring about the worldwide hunger that is today characteristic of Western civilisation.
Hunger on a worldwide scale is today mainly due to the evil dictates of Economics. There is enough money and capital in the world today to adequately feed the entire world to eradicate poverty promptly on a worldwide scale, but Economics will not permit world leaders to do so.
Scarcity theory, the guiding principle of Economics, can only work if the overwhelming section of the human populace at an y given time is subjected to artificial scarcities resulting in worldwide poverty, hunger, low living standards, illiteracy, etc, etc. Scarcity must be induced to make the economic elite make their profits on the blood of the general populace.
There is enough money and food in the world to feed the entire population of the world many times over. But the dictates of Economics will not allow this. The driving wheels of Economics will get clogged up permanently if the overwhelming population of the world are not held down by the incapacitating cuffs of poverty and hunger.
Now we can see quite clearly how the worldwide hunger that is characteristic of Western civilisation is, after all, an artificial creation orchestrated by the economic powers of the West.
In other words scarcity must be created, poverty must be created, and hunger must be created in order for the bloody wheels of Economics to keep on running. Otherwise Economics will collapse and the Western civilisation it undergirds will fall.
Humanity has never been so unjust on humanity as is the case here of deliberately creating hunger and orchestrating its worldwide spread just in order to ensure that Economics rule the world.
The worldwide hunger that we see today is a direct product of Economics, it is peculiar and unique only to this ongoing Western civilisation. Former civilisations did not witness large-scale hunger the way we witness today in Western civilisation.
Pollution is Caused by Economics
Pollution is another nauseating characteristic of Economics. Ever since the onset of the Industrial Revolution Economics has become not only an obnoxious polluter of the environment but has also become a devastating destroyer of the natural environment.
Social Decline is Caused by Economics
In human terms Economics is an abysmal failure. It has little or no overall benefit to the human race.
Economics has also caused a degeneration in the health of Western nations who have practiced the monetary system of Economics for long enough. Obesity, cancer, stress and depression have become the signs and symptoms of unhealthy situations of countries exposed for so long to the dangers of Economics.
Unhappiness is Caused by Economics
Economics has also become a major, if not the leading, cause of human unhappiness in modern society. The reason isn’t far-fetched: in this highly materialistic times, fiscal or economic fulfillment rank as the highest of human desires and since Economics is a very faulty and evil system it leads many people to fiscal or economic frustrations.
Money the Ultimate Fiction
Economics is squarely fixed on the concept of money. But money is more or less a theoretical concept and almost every pragmatic or functional aspect of it is wrought with serious and innumerable problems.
A critical and analytical study of the very concept money will reveal the fact that money is actually a fictional conceptualization of the phenomenon of currency. In other words, money is just one out of the many forms in which in the phenomenon of economic currency can be expressed.
That Economics chose to express currency in the form of money merely highlights the materialistic nature of Western civilization. Hugo Salinas Price wrote that, “However, these vouchers are not actually money – money defined as a thing of value the delivery of which, in an exchange, constitutes payment. Money in today’s world is not a thing; it is a non-thing, a simple number whether printed on a bill, stamped on a coin, or a number represented by bits on a computer disk. Since money is not a thing, but only a non-thing, tendering it in an exchange cannot, and does not, constitute payment.”
And, more importantly, material currencies, most especially in the contemporary form of money, are bedeviled with a myriad of economic and sociocultural problems, faults and frailties.
Money is more or less an inanimate entity which has no personality and therefore has no feelings or preferences. In other words money can be manipulated by the wicked and sinful, the typical Western businessman, to fulfill their evil desires as afforded by the excesses of Economics.
The problem with money is that it is insensitive and therefore cannot distinguish between economic activities that create values and economic activities that steal values. This, of course, means that wicked and sinful businessmen and traders, under the Western economic concept of the money system, are afforded an unlimited opportunity to steal from the toilsome efforts and sweat of others who are hardworking and who in essence create value in the economic setup.
This explains, to some extent, the inner workings of capitalism which is a uniquely Western economic phenomenon and which is concerned with the misappropriation of the valuable economic contributions of the weak by the strong.
The money system has also deluded the West into an obsessive occupation with an unreal world of ‘money’ instead of a world of practical and pragmatic economics. Hugo Salinas Price wrote that, “The institution of money has completely vaporized! We no longer use money anywhere in this world. What humanity uses as money is a simulation of money, simple vouchers which are used everywhere as a means of exchange.”
As a matter of fact money is not wealth and it is only a Western economic measure of wealth much the same way that a thermometer is used to measure body temperature in the medical field.
True wealth is the real and practical things we see all around us: peoples, the society, culture, etc, etc. But Economics has, through its money system, completely turned a blind eye on these economic realities, that is people, societies and cultures, and have instead preoccupied itself with a theoretical concept known as the ‘money’.
The Peril of Taxation
The taxation system of Economics is obviously a flawed and inherently destructive one.
The Western system of Taxation simply leads to inflation.
Western taxation is at the very root of the unequal distribution of wealth which is a major feature of Economics.
Inflation
Inflation is a pestilent problem with which Economics is afflicted.
The major force behind the problem of inflation is, of course, the banking system of Economics. It is the wicked banking system of Economics that causes inflation.
As a matter of fact the greedy and oppressive manipulations of the Western central and international banking houses are directly responsible for the inflation and depression that have become permanent characteristics of national and international economies throughout the West and the rest of the world today.
Malevolent Banking System
The banking system of Economics is an evil and malevolent one built primarily on the avaricious desires of greed and usury.
The banking system of Economics is, when al is said and done, the essence of Economics itself. In other words the entire money system of the West is essentially built on the banking system of the West. Some have observed that the banking system of the West is simply the same thing as the monetary system of the West.
The problem at the root of the banking system is that money is created by this banking system out of nothing. In other words without actually working and therefore with no real reserve to back up the money to be circulated, this cabal of banksters invent fiat money out of nothing and then they loan this fictional money into circulation with interest on top.
This process of loaning fictional money into circulation with interest is first put afoot by purchasing government bonds by the Federal Reserve in the case of the USA. Afterwards commercial banks further this immoral and illegal procedure through fractional reserve lending. As a matter of fact every single money in circulation today can be assiduously traced to a loan from a bank somewhere.
Now then, since only the capital and not the interest gets created when the banking system loans out money, the implication is that the debt is always many times the actual money.
There is also this debilitating effect of a severe reduction in the source of money whenever the principal of a loan is paid back.
The implication is that interest can only be shifted from one person or sector to another but can never be completely paid off – otherwise the entire economic system will collapse. This indestructibility of debt is a serious problem for economics.
For one this indestructibility of debt is responsible for the vicious competition that characterizes economics. It is a survival of the fittest type of monetary system where everybody fight for the same loan principal thereby destroying and oppressing one another’s rivals.
And while everybody is busy fighting one another, the banking elite at the top of the echelon enjoys the whole show as everybody else are converted into virtual slaves in the banking or monetary system of economics that favors only the banking elite in the long run.
And that is the gist of the banking system of the West, namely, that millions upon millions of peoples in the West are transformed into unwilling and unsuspecting indentured workers for the banking elite of the West.
Dangers of a Debt-based Economy
Economics is a debt-based monetary system.
One of the major problems of a debt-based economic is the fact that a threshold must be reached one day when the expansion of interest charges far outstrips the rate of the growth of debt. At this ominous threshold many sectors of the economy, starting with those small ones at the margin of the given economy, will begin to sink into liquidation. Before long the entire economy will succumb to a wild fire of a pervading bankruptcy.
The bad news is that nothing can stop this from happening – that is except if Economics can survive without growing geometrically; which is impossible.
Another major problem with the debt-based nature of Economics is the fact that the extremely wealthy are simply being transformed into creditors whose massive wealth serves as a capital repository for loaning money into circulation for the rest of the population.
The point here is that the super rich capitalists are accumulating so much wealth, through their gain of interests and dividends, that they can not possible be able to spend all. This excess wealth that the super rich capitalists can not possibly spend all at once eventually become a source of loaning outfit for banks in a debt-based economy.
The ultimate situation is that the extremely rich capitalists ended up owning all the money in a given economy while everybody else in that economy is a debtor to the super rich capitalist.
Debt-Free Economic System
The principal problem with Western economic is the fact that it is a debt-based economic system. And the only solution to that problem is to replace the debt-based economic system of the West into a debt-free economic system. It may be too difficult or well nigh impossible to do that, but then there is no any other way out of the mess that the economic system of the West has gotten the West into.
In the debt-free economic system the number one problem of economics, that is the loaning of money into circulation with interest, will be eliminated and money can then be loan into circulation without any interest attached. This way the debt-related crises of the monetary system of the West will be entirely avoided.
The point here is that the money issued into circulation by the government without an interest is of benefit only to the general public but money loaned with interest is of benefit only to the banking elite.
Geometric Expansion of Economics
The nature of Economics is such that it violently violates the rules and laws of nature including most especially the laws of biology. It is thus not surprising that Economics, most especially in the form of Capitalism, has wreaked so much havoc on the nature environment.
The greatest problem of Economics is its unnatural demand for continuous and unchecked growth. This, of course, is a key feature of the Industrial Revolution which is based on the principle of mass production. Without constant growth Economics will simply collapse inwards on itself. This, of course, runs contrary to the biological dictate of the necessity of a self-sustaining close system for the survival of all natural events. Continuous growth in biology is tantamount to only a diseased state, namely, cancer.
The point here is that an economic system that thrives only on infinite growth cannot be sustained in a world that is of finite resources.
The continuous expansion of the consumption of natural resources, the basis of Economics’ consumerism, is blatantly impracticable in a modern world completely aware of the limitedness of its resources.
Someone has once compared this situation to that of a whale which has been left on a beach to breathe. The problem is that while the whale required a massive amount of oxygen which it normally gets in the sea, it is now incapable of getting that same oxygen in the different environment on which it has been left. The whale is meant to survive in the ocean but now it is left on a beach where it cannot survive. The same is the case with Economics which is meant to survive in the nineteenth and twentieth centuries. But now it cannot survive in the twenty-first century.
The explosive and exponential growth which is the prerequisite of Economics is practically impossible in the natural world we live in.
The point is that Economics has been growing geometrically ever since the onset of the Industrial Age. Now the geometrical growth of Economics has reached a threshold stage that is pragmatically unsustainable in the modern world.
Even a casual glance look at the history of Economics and the geometric expansion in the production of the monetary system will readily illustrate the problem with the geometrical and hence unnatural growth of money.
It took three and a half centuries for Economics to produce the first one trillion dollars from 1620 to 1974. The entire economic activities that took place in that first three and a half centuries in the US was sponsored by that first one trillion dollars.
But now the geometric expansion of Economics has reached such an alarming state that in contemporary times it requires only ten months to produce a trillion dollars. Imagine the contrast: it took three centuries and a half to produce the first one trillion dollars; now it is taking just ten months to produce a trillion dollar through the ever expansion of economic activities.
And the problem is that economic activities are actually degenerating in quality and standard over the centuries. While all the industrial activities of the three and half centuries, 1620 to 1974, were sponsored by that first one trillion dollars, the one trillion dollars produced in the last ten months did not and cannot sponsor even a tenth of the economic activities that took place in the USA in the last ten months.
Another, more alarming way to illustrate the catastrophic rate of the growth of Economics is by a demonstration of the rate of hypothetical growth of Economics in a given society. If an economy is growing at the rate of 3 percent today then it will be growing at the rate of 16 percent after a century; at the rate of 250 percent in two centuries; and at the rate of 4,000 in three centuries! Imagine from 3 percent to 4,000 percent in just three centuries. That rate of growth of Economics is, of course, unsustainable in a world that is so physically finite as this planet earth.
Everything about Economics in modern times is expanding at an alarmingly geometric manner.
For instance the gap between the super rich and the poor is expanding at a terrific rate that is virtually unimaginable.
In just the last six years household debts have, incredibly enough, doubled.
It is a terrific scene for those who can read the implication.
For those who can not read the handwriting on the wall, let’s do some simple explanations.
The problem is that Economics is nothing but a debt-based monetary system. It is the same problem that we have been highlighting all along. The terrific and exponential growth of Economics in recent decades does not means that the either the super rich or the average worker have been more hard working or more productive than their counterparts in the previous three and a half centuries.
The geometric growth of Economics in recent decades is due mainly to the fact that there is more and more fiat money loaned into circulation by the debt-based monetary system of Economics. This means that since the money in circulation is a loan that has no gold or silver o back it up more and more loans are being credit to back up the loans already in existence. It is a vicious cycle of a debt-ridden monetary system whereby interest on debt – and debt itself – is being paid off by the creation, curiously enough, of greater debts.
The implication here is that the amount of money in circulation is being explosively expanded every year by the loaning of further money into circulation to pay or the interest rates that have accrued from the previous year. This means that the growth of the money in circulation is well nigh explosive and not merely geometrical.
This alarming and explosive growth of the money in circulation is an absolute necessity to prevent the banking system of Economics from collapsing right upon its own self.
A further serious implication here is that since interest rates are growing at an explosive rate in contrast to the principal loans themselves which are also growing at a geometric rate, there can never be enough more in circulation to actually repay all the interests and their principals. As a matter of fact this simply means that the monetary system of
This, of course, means that if something radical happens to the monetary system of Economics, say, for instance, all the debt are suddenly paid back, modern monetary system will collapse overnight and all Western economies will fall into irreversible depressions overnight.
A handy example here is that the Newfoudland cod fish was almost eliminated into extinction by the capitalist system of fishing which demand continuous expansion in the number of cod fish consumed. It was only later on that it was discovered that a continuous expansion in the fishing of cod will one day lead to the extinction of the fish.
The example of the cod fish’s near extinction best illustrates the dangerous consequences of the continuous expansion characteristic of Economics.
Western Economics is Shortsighted
Economics is utterly shortsighted in the sense that its profit-oriented nature is such that only things of immediately fiscal benefit can be given the necessary attention.
For instance even though Western world leaders are well aware of the fact that the world is fast running out of the reserves of fossil fuel, the very nature of Economics has denied the moral courage to take long term measures and steps to come up with an effective solution to this problem.
Economics is myopic and can not consider the big picture in all situations. The solutions offered by Economics are, therefore, necessarily of short-term nature. This is one of the greatest problems with Economics.
Furthermore Economics can not consider, analyze or solve non-economic problems. Economic designs and methodologies are such that only the producer and consumer are, being the ones of immediate financial relevance, put into consideration. The result is that so many others, who are financially irrelevant, are adversely affected by production and consumption. For instance cars are made to be of maximum financial benefit to the manufacturer and of minimum cost to the buyer; but these same cars adversely pollute the environment – something that both the manufacturer and the buyer of the car don’t care about.
And this is one of the greatest undoing of Economics, namely, that problems beyond the fiscal or monetary realm, can not be solved or resolved by the Western economic system.
This short term focus of Economics also leads to insensitive actions arising from greed and the desire to maximize profits on the part of the manufacturer or producer. For instance, a manufacturer may produce substandard products in order to maximize his profits. He may produce razors that go dull easily.
Industrial wastage is another major problem caused by the myopic and short term nature of Economics. Manufacturers don’t mind the evil of wastage and the pollution of the environment as long as that will not compromise their drive at the maximizing of their profits.
For example problems of moral or ethical nature can not be resolved by Economics.
Capitalism the Blight of Western Civilization
Economics is by and large personified by the monstrous Caliban known as Capitalism. One of the worst form in which Economics has expressed itself is in the form of Capitalism.
One of the greatest evils of Capitalism is Consumerism. In Capitalism the wasteful lifestyle of Consumerism is actually seen as a show of class and is, therefore, encourage despite its very obvious evil nature.
Capitalism is anti-innovation. Jane Smiley wrote that, “another failure of capitalism–protecting investments is much more important than innovation, and old, established industries will kill and destroy in order to not do the obvious new thing.”
Capitalism also encourages laziness. This is best illustrated by the fact that lazy and unproductive people who have mastered the interest market on the stock exchange can actually make more money than hard working citizens.
Capitalism also alienates man from the very environment he lives in.
Marxism
Marxism is one of the earliest criticisms of the evils of Economics. Despite all the invectives level on Marxism today due to its being the foundations of International Communism, the fact still remains that Marxism was a righteous invalidation of the evil system of monetarism known as Economics.
It is no wonder, therefore, that despite the fact that International Communism, which is more or less the political expression of Marxism, has collapsed with the fall of the USSR, the basic tenets and principles of Marxism in the form of Socialism are becoming more and more the subtle form in which Western economies are being expressed today.
The Marxists wanted an end to the domination of the world by capitalist superpowers in the classical sense of the words ‘empire’ or ‘imperialism’ and that has happened with the end of colonialism and the collapse of the British Empire.
The Marxists wanted a destruction of the barriers between the middle and working class and that has virtually taken place in Western Europe and North America.
The Marxists wanted the establishment of welfare states wherein the government takes care of its citizens and that has taken place in Western Europe and to some extent in North America.
The Marxists wanted the equality of sexes and that has by and large happened in Western Europe and North America.
Western Economics is Outdated
The principles and tenets of Western monetary system were formulated at a time when world economics was completely different from what it is today.
In former times when Economics was more or less a function of European and, later on North American, monetary system, economic views and principles were formulated in a world of unlimited resources.
The basics and principles of Economics were parochially formulated and established in those days when the rest of the world, the non-Western world, mattered little in terms of international economics. Economics was then focused on the dynamics of the monetary system operating in the European and North American geopolitical regions of the West. Today, however, world economics encompasses a picture far greater than that of the narrow worldview of Economics in former times.
In those days, for instance, the idea that every single dollar in existence should be loaned into existence by a bank used to be considered a sophisticated economic idea. As a matter of fact Economics was a great and functional monetary system in those days. It fostered the growth of the Industrial Revolution and the development of a high living standard throughout the West.
But today it is now an obsolete conception and it is mostly responsible for the collapse of the Western and American economy in the face of the modern nature of world economics.
The problem with Economics as a monetary system is that it is an artificial and faulty system invented and run by human beings.
Capitalism, and its attendant evils of usury, consumerism, etc, etc, are now becoming increasingly unpopular in the system of modern economics.
The Obsolesce of Labor
One major problem Economics is facing today is that of surviving without the vital dependence on labor. With the gradual transition of the world from an industrial technology to an information technology era Economics is being faced with the danger of losing its very foundations, namely, the phenomenon of labor.
In former times labor was the principal requirement for production and production was the primary determinant of Economics. But in modern times the trio of capital, knowledge and technology has overthrown labor as the requirements for production and the undertaking of services. In other words labor has become less relevant as an Economic factor in modern times.
Laborers and workers now have less power of unionism today as compared to, say, a century ago.
This has contributed to the now familiar phenomenon of corporate downsizing which has seen the laying of laborers whose labor force is being replaced by computers and highly skilled workers.
The phenomenon of part-time workers has also become common in the business and corporate world due to the expedient employment of part-time workers by corporations seeking to maximize their profits through the avoidance of the extra-demands of economic full-time workers.
Similarly wages are dropping at a rapid rate throughout the corporate world.
The loss of labor, on which Economics has depended for centuries as a backbone, is definitely a fatal blow on the very survival of Economics as a viable system of monetarism.
Western Economics and the Misuse of Technology
The capitalist nature of Economics has led to a wicked and immoral misuse of technology. Instead of using the facility of the machines and technology to alleviate the plight of the working class and the masses, the capitalist leaders of the West are using technology and machines to further oppress and enslave the working class and the masses in general.
The point here is that the massive replacing of human beings by machines in the labor market will result in the next major crisis in the annals of capitalism. The working class cannot allow itself to be wickedly alienated or isolated from the labor market by a machine or technology wielding capitalist class that believes only in profit making and nothing else.
Economics is Destroying the Third World
Economics is Destroying Africa.
Free Market Economy is Neo-Colonization
The Western economic system is today anchored on the idea of the Free Market. But the problem here is that the Free Market is basically a system of economic tyranny and oppression.
The truth is that the so-called ‘Free Market’ economy is nothing but Neo-colonialism hiding under a high-sounding pseudonym. The Free Market economy is simply colonialism under another name.
The Free Market economy is simply situation whereby the weak are caught up in an insensitive market wherein they cannot compete with their co-marketers. A world market or global economy dominated by the powerfully developed economies of the First World countries who then feed, in the manner of voracious sharks, on the weak economies of the underdeveloped countries of the Third World is still wickedly tagged a ‘free market’ economy. The reality is that the Free Market economy is actually an unjust international economic system wherein the powerful and fittest can feed on the weakness of the powerless and unfit.
Third World countries don’t have the power, the clout or the market abilities to compete or even survive in the so-called ‘Free Market’ global economy. In the end the so-called ‘Free Market’ is actually a pseudonym for an unjust market wherein the developed economies of the North have all the powers and opportunities to vampirishly feed on the underdeveloped economies of the powerless countries of the South.
This is nothing but Neo-colonialism in disguise. This is the same story of international exploitation as practiced by the Great Powers of Europe in the days of Colonialism.
As a matter of fact the main reason why the First World powers are today promoting and encouraging the so-called Free Market is because it afforded the opportunity to exploit the Third World countries of the south.
The guiding tenets of a Free Market are that you buy low and sell high. And in the Free Market economy it is the in powerful First World countries of the North that possess the ability to buy low and sell high; they are the only ones with the brokerage power enough to do that in the so-called Free Market. The weak economies of the Third World countries are then left at the receiving end of being browbeaten into buying high and selling low in the so-called ‘Free Market’.
Jane Smiley wrote that, “The ‘free market’ is actually just colonialism by another name. What is the mantra of the ‘free market’? It is ‘buy low, sell high’. It aims at all times to externalize costs and keep the profits. In the ‘free market’, there is always a sucker.”
The First World countries use their influential bargaining power to buy things at unjustly low prices from the weak Third World countries while they sell their products at exorbitantly high price to the same Third World countries. By the end of the day the Free Market economy is nothing but plain exploitation. In fact the Free Market economy is nothing but just another form of Colonialism, a Neo-colonialism.
In the long run we see clearly that the Free Market economy concept is basically a wicked and dangerous plot on the part of the powerful First World countries to continue with their international exploitation of the Third World as they are used to since the Colonial era.
The truth of the matter is that the main reason why the First World powers have continued to promote the Free Market is that it is a perfect cover-up for their exploitation of the Third World. The truth of the matter is that the Free Market is nothing but Neo-colonialism in disguise.
The history of the Free Market, from its inception in the twentieth century consequent upon the collapse of Colonialism, right into this twenty-first century, we see clearly that the Free Market economy has wrought nothing but disaster and havoc on the Third World, the South and the rest of humanity in general.
The Free Market economy has been a perfect means of the exploitation of the Third World countries of the world. The Free Market has been used in the twentieth, and now this twenty-first, century by the First World countries to ruthlessly exploit and oppress the Third World countries.
The idea of a Free Market actually became rampant and was vigorously promoted by the First World countries in the aftermath of the collapse of Colonialism in the wake of the two World Wars. In those days few, if anybody at all, were of the fact that the First World powers were in fact clandestinely promoting and establishing the idea of a Free Market economy as the new form of Colonialism, or Neo-colonialism, that will come to be used to continue with the economic and political exploitation of the Third World after the eventual collapse of Colonialism.
The Free Market economy is nothing but a carry-over, and in fact a carbon copy, of the Colonialism of old. It is the same subtle and wicked methodologies and strategies of economic exploitation that characterized the Colonialism of old that also characterized the Free Market economy of today. The Free Market economy is Neo-colonialism.
The Free Market, the real Neo-colonialism, has taken over the world and is voraciously and vampirishly exploiting the Third World countries in a blood-sucking capital flight manner to the wicked advantage of the First World countries of the North.
Economics is Destroying WC
Uncontrolled they also brought on destructive wars, destroyed countries gutting them from the inside eventually leaving nothing but nations of consumers buying products they no longer manufactured, of resources they no longer owned and even whose services and technical support had been outsourced.
Commerce is a river and in the hands of corporations whose CEO’s care nothing except for cutting costs to edge out a profit margin this quarter before they’re fired and move on to ruin another company, it’s a river that flows to where it’s cheapest.
The very byproducts that created the wealthy and secure Western countries are the ones that insure the river flows away from them.
The very technology they research creates greater opportunities for companies to outsource their employment.
The Catch 22 is that it’s the very things that have made the West successful that are killing it.
Western civilization of the last six hundred years was an economic civilization living and dying by expanding trade, locating resources for production and exchanging them for manufactured goods.
Everything from the colonization of America to WW1 was driven by it.
Byproducts of that economic development gave us democratic societies, new countries and broad vistas.
Uncontrolled they also brought on destructive wars, destroyed countries gutting them from the inside eventually leaving nothing but nations of consumers buying products they no longer manufactured, of resources they no longer owned and even whose services and technical support had been outsourced.
