Posts Tagged ‘Russian people’

THE WORLD TODAY – HIT OR BUST

October 1, 2008

George Barnsby, Oct 1, 2008

I’ve been accused in the past of neglecting the dire financial
position that has been developing for some years now. This is because I regard the blind monster of Capitalism uncontrollable, moving one day favourably and the next day unfavourably, but always with two main defects.

Its tendency to move in slumps and booms and its tendency to produce unacceptable wealth at one end of the scale and poverty and starvation at the other. Thus I believe with Marx and Lenin that the only thing to do with capitalism is to destroy it and this Communists attempted to do in the last century but world imperialism was too strong for it. The Soviet Union was destroyed by a coup against Gorbachev a particularly horrible form of capitalism was introduced which impoverished the working people of Russia and its wealth given to oligarchs who usually moved abroad to escape the righteous wrath of the Russian people. All this has resulted in the present financial scandal where the very existence of capitalism is at stake and the only possible solution is Socialism which has revived in South America under Hugo Chaves, Evo Morales, an indigenous leader and others who are able to challenge US capitalism which could be in the process of disintegrating.

One of the bitterest critics of Bush and his Neo-Cons. has been the
film maker Michael Moore and, as I explain to my critics, I am not in a position to pronounce on the seriousness of the position in the US, but Moore is and last night I wrote a long piece which criticised the Democratic Party saying that they handed an election to Bush which he had not won; that they gave him the votes to invade Iraq and now have been cowered into accepting the crime of the century which he believes is paying the 700 billion dollar bail out American capitalism.

But tomorrow is another day and what these masters of the world did not realise was that the American people had decided that it was time to revolt.

Millions of phone calls and emails hit Congressmen telling them to oppose the crime of the century and allow bankers and monopoly business men 700 billion dollars paid for by ordinary people who also risked losing their homes because they couldn’t pay their mortgages. So the right wing of the Republican Party joined with the left-wing of the Democratic Party 228 votes to 205 to stop the thievery. The Democrats who voted for the give-away were influenced by the fact that their stock based pensions are retirement funds would be at risk if they didn’t give the rich their handouts. But this indeed happened as the Dow Jones showed the largest, single-day drop in the history of the New York Stock Exchange. Americans lost 1.2 trillion dollars in the stock market. Its a financial Pearl Harbour! The sky is falling! And as we all go to bed, we don’t know what else Capitalism will throw at us tomorrow and how much more nationalisation and other Socialist measures will be forced on Democrats and reluctant Republicans alike.

Michael promises to give his solutions tomorrow, so don’t fail to log on to MMFlint@aol.com for the latest news.

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