Greater Depression: simple explanation

  1. Capitalism doesn’t work. If it did, there would be no need for regulation, antitrust, monopolies commissions or any of the other bandages that are used to heal the wounds. Capitalism isn’t supposed to be regulated, it’s supposed to take care of itself. The invisible hand of the market is supposed to keep things in order and make the world a functional and happy place. As I said, capitalism doesn’t work, and so that clearly doesn’t happen. But rather than ditch capitalism, we bandage over it from time to time.
  2. When the capitalists are in control, they do whatever they can to remove the bandages, to show how well capitalism works unaided. In fact, for them, it works very well indeed as they get more wealth than can understand.
  3. The wounds go septic with all of the pus-filled bubbles and everything starts collapsing – the core of the infection affects the low-level workers first, and slowly moves outwards.
  4. Before the infections reach the top-level capitalists and law-makers, they panic and re-apply the bandages and then buy expensive antibiotics like “regulation” and “nationalisation” which keep the top-level rich, and are paid for by the low-level dying in the form of taxes.

That’s it! This time the wounds are pretty serious; they may even lead to proper change, but I doubt it.
Personally I’ve been enjoying watching lots of people in suits get a slapping. It’s just a pity that it’s only those people that are deemed newsworthy, and not the hundreds of millions who really are getting the shitty end of the stick. Pity them, not the wunches of bankers.


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