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
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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