Home > Uncategorized > Can capitalists afford economic growth? An animation

Can capitalists afford economic growth? An animation

from Shimshon Bichler and Jonathan Nitzan

Despite the global dominance of capitalism, growth rates continue to trend downward. Mainstream economists blame the slowdown on various ‘distortions’, but as this animation by Elvire Thouvenot shows, the reality is quite different. Capitalists seek not more income per se, but greater power-through-redistribution, which they achieve by strategically stymying growth.

https://www.youtube.com/watch?v=gTpanudMToA

  1. Ken Zimmerman
    September 28, 2019 at 3:30 pm

    There is no need to hold money or other forms of wealth in one’s hands, one’s bank account, etc.if one controls how that money is distributed. This is the goal of the CIA, of organized crime, of drug cartels, and of course of the oligarchic wealthy in the US. But this control extends beyond just dollar bills and bank accounts. It extends to intelligence networks, armies, weapons research, charities, etc. Trump’s “deep state” is a myth, or better said a propaganda device. But this one is not. If the government (CIA, etc.) want to take down this shadow government, I suggest they begin with the Koch network.

    In 1981 four Wall Street bankers traveled to Wichita, Kansas to offer Charles Koch $20 million to take his company, Koch Industries public. Charles Koch replied thusly, according to the bankers’ memo.

    “He does not want this cash,” the memo reported.
    Charles Koch calmly explained to them why their offer made no sense. His company was breathtakingly profitable. It operated in vital, deeply complex corners of the American energy industry. During the 1980s, Koch Industries was the largest purchaser and transporter of US crude oil. It owned an oil refinery. It employed teams of commodities traders who bought and sold a wildly diverse menu of raw materials and financial products, from gasoline to paper futures contracts. This might have encouraged most CEOs to take their company public. Koch Industries, however, did not want outsiders to know how much money its traders were earning. Taking the company public would expose too many of its secrets.

  2. Helen Sakho
    October 1, 2019 at 9:25 pm

    Extremely realistic analysis dear colleagues to which one can only add that as the number of pseudo rich psychopathic narcissists (and we all know who they are by now) decreases, the misery of the poor rises. The trend is global. Oil (black gold) is return for arms is the best relationship they could have wished for. And now that democracy itself has literally collapsed globally, one really cannot be too optimistic about the future.

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