12/20/16

Creative Destruction of Capitalism Destroys the Ecosphere 2

Joseph Schumpeter is credited with coining the term 'creative destruction of capitalism' in reference to the change of economic infrastructure from industrialism to post-industrial tool-kit. That creative destruction has the side effect of destroying the planet's ecosphere as a bi-product or externality. Plainly stuffy capitalism as ecospheric vishnu defenders need to destroy their own ideas about what capitalism is and adapt to a post-trash-the-ecosphere new way of capitalism. 


Environmental economics that are adaptable to present national and global challenges require intelligent design of political parameters responsive to meeting the challenges to the synthesis of social economy and ecosphere. Capitalism in its present evolutionary form is demonstrably inadequately responsive to challenges of habitat loss, mass species extinction, global warming, oceanic pollution and dislocation of economic and physical security of the citizens of the U.S.A. and world. In theory capitalism with intelligent design parameters established politically would better work to satisfy political and consumer needs.
Mass media sycophants of concentrated wealth and power get news feed from government and corporate releases largely. Reiteration of ethics values of concentrated wealth form the bulk of the political socialization of the masses encountering the mass media, hence those values of evolutionary capitalism instead of capitalism under the direction of intelligent design gather together like a pelaton in a distance bike race riding through ecospheric and economic eschaton waiting to crash down upon them like a spring-loaded hyper-Maxwell’s hammer.
Plainly one wonders if the Federal Reserve can print up money to buy U.S. bonds and issue zero interest loans to large banks as a permanent feature of the U.S. economy without causing hyper-inflation and devaluation of the value of the dollar. Another potential problem is the large number of dollars held abroad in relation to the quantity held by Americans-will Americans be able to afford to live in their own nation if they aren’t part of the 1% in the future?

Present Obama had nine major policy achievements in his 6 years;

1-Obamacare for corporate power instead of expanded V.A. system networked with homeless clinics
2-Queering the federal government
3-Making Bush tax cuts for the rich permanent
4-Getting anarchy started in the Middle East
5-Forming bad diplomatic relations with Russia and Germany
6-Running the money printing presses copiously without causing hyper-inflation
7-Hiding inflation
8- Killing the date expired (ten years) Osama Bin Laden
9-Building more public debt in one term than Pres. G.W. Bush in two

It is the last policy that is remarkable and a cause for wonder. It seems as if a new age of economics has arrived long after Nixon took the U.S.A. off the gold standard; the Federal Reserve can just issue more money to buy U.S. bonds and fund the cost of government and make zero interest loans to large banks- free money effectively so the rich can buy up global business opportunity. There must be some unintended consequences for that-I just can’t say what it is.


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