Distribution of wealth, Exploitation, Foreign Exchange Transactions, FOUNDATIONS /FORUM THINK TANKS, Globalization, High - Frequency Trading, Inequility, Sovereign Wealth Funds, United Nations, World aid commission
A few days ago I posted a blog describing Dark Pools in which High-Frequency traders exploit the stock markets.
If you have read any of my blogs you will see that I have bleated on about Capping Greed as the only solution to tackle our world problems.
It is this type of exploitation of making money out of money without contributing a farthing to making the world a better place that has to be undone, not just greed.
I advocate that this can be done within our Capitalist System with little or no cost without causing any major ripples in World trade or World Markets and the like. Sixty five people become $ millionaires each day.
This can be done without trying to change the system for better, or worse.
How? By applying A World Aid Commission of 0.05% at source on all Foreign Exchange Transactions of over $20,000, on all Sovereign Wealth funds Acquisitions and on all High-Frequency traders on the stock markets.
The result would be a Perpetual World Aid Fund of billions to address all our current day problems of Poverty, Inequality, Education, Health, Aid, Development, Climate change, Drug research, to name just a few.
Since capitalism is inherently a system of exploitation, theft, and since capitalists, as a class, do regularly and systematically resort to lying, brutality, torture, oppression, murder, and war to defend their scam, capitalists are not merely greedy, they are in a lot of our minds outright criminals, especially when looking at sweatshops, unsafe mines, and toxic workplaces.
We should not limit our criticisms to the cruelty and greed of capitalists, but direct it to the system itself (although obviously such capitalists have to be able to at least stomach what they are doing, which is already a strong indictment of their characters). Being able to externalize (fob off onto the public) many of the costs of production is almost a definition of capitalism, as a system of competing, profit-based, corporations, supported by nation-states.
You could say that Capitalism is condemned because it is based on the exploitation of one class by another, so that the exploiting class can enrich itself, or simply remain in power. A few get rich, while most remain poor. In fact, the few are rich precisely because the many are poor, because the wealth of the few is stolen wealth, taken from the labors of the many. It is not just that someone is getting rich, it is their getting rich at the expense of others that is the problem.
There is no way of stopping exploitation other than exposing it in all it’s forms. We are yet to have a conscience at all about the exploitation of human cultures. If it is, in reality, capitalism that is the motor force behind the destructive forms of globalization, then it must be in their capacity to neutralize or transform this particular mode of exploitation that one can best test these various forms of resistance to the problems.
A common danger tends to concord.
Communism is no better as it the exploitation of the strong by the weak. In Communism, inequality comes from placing mediocrity on a level with excellence.
It is only by portraying and exposing capitalists as the criminals they are that we can begin to break through their ideological defenses and destroy their credibility. If we were all getting rich together, and if this were accomplished without destroying the earth, it would be another thing entirely. It would either be paradise or hell on earth.
Under capitalism, just as under all previous social orders based on hierarchy and class, everyone does not get rich. The normal way is profit-making, by exploiting wage-slaves, and defending all the institutions needed to perpetuate this exploitation, through murder and war if need be.
I come now to a case that I finally have to admit is nothing but pure, unadulterated greed — the salaries of today’s crop of corporate executives. The millions they are raking in is preposterous when you look at Food banks, people sleeping on the streets, charities begging, people struggling left right and center, while politicians bend and privatize or lives.
Globally the Greens have arisen like a spontaneous combustion, a reaction to the narrow-minded state-backed exploitation of resources and wealth for a few at the expense of the many.
So what can we achieve in a blink of an eye. Remembering that we share one-third of our DNA with lettuce we can only hope that the other two-thirds can see the light.
We can unite into one voice to demand a 0. 05% World Aid Commission by Sponsoring a world Peoples mandate to be passed by the United nations on behalf of all of us and the earth we all live on of put in place such a Commission.