Tag Archives: FOUNDATIONS /FORUM THINK TANKS

READ THIS AND WEEP:

11 Friday Jul 2014

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The kings of capitalism think their privileged positions essentially as a natural right while our Economy, our Democracy and our societies are paying for gross inequities.

The deprivations of one generation are being visited upon the next.

Economic inequality translates into political inequality and political inequality leads to increasing economic inequality and wars. People have been shooting at each other since the 13th century.

The true test of an economy is not how much wealth its princes can accumulate in tax havens, but how well off the typical citizen is.

Is not the above the picture what we should have in Western Economies these days. A fair distribution of wealth befitted to all irrelevant to their circumstances or class.

Instead we have subsidies to rich farmers as our governments cut back on nutritional support for the needy.  Or, Drug companies get billions as health care is limited. Or, Banks that brought on the global financial crisis got billions while we lost out homes due to their predatory lending practices. Then of course we have Quantitative easing that is supposed to trickle down to us punter only to evaporate on the balance sheets of the banks.

So it no wonder that our divisions are deep.

We have soaring University fees and declining incomes resulting in larger debt burdens for the young and old along with Mass incarceration and Justice only affordable to a few. All served up by those suffering from dead behind the eyes disease.

All this is happening while High frequency trading, sovereign wealth funds and foreign exchange transactions continue to rip us all off.

What should we do?

WE MUST CHANGE THE RENT SEEKING SOCIETY WE HAVE GRAVITATED TOWARDS IN WHICH WEALTH PEOPLE OBTAIN PROFITS BY MANIPULATING THE SYSTEM.

If you don’t believe me just look at the trend that has developed over the past third century leading to violent extremes of wealth and income which has produced Slums Mortgages and the Shining city on the hill.

One third of the urban population of developing countries now live in SLUMS.

SOME FOR OVER THREE DECADES.

They that is Slums are the true testimonial to Inequality.

An impediment to advancement, A curse to Hygiene, a source of ill-health, rent havens for landlords, Cheap labor source, exploitation and crime depots, propagators of diseases, and poverty, recruiting camps for terrorists, Capitalistic warts, photos for tourists and coffee table books.

The dynamics of the imperial capitalism of the 19th century needn’t apply in the democracies of the 21st century.

Corporations interest argued for getting rid of regulations, even when those regulations did so much to protect and improve our environments, our health our safety our economy itself.

Long live Mrs Thatcher and her buddy Ronald  Reagan, the free market.

Also Bin Laden, Bush and Blair with the Axis of Evil. Their combined ideology was hypocritical because they all ensured that the rules of the game to keep wealth at the top of the political agenda through politics.

What have we ended up with?

Growth has gone to the very, very top while quarter of all American children under five live in poverty, with mass incarceration beginning to define America – a country with about 5% OF THE WORLDS POPULATION, but around a fourth of the world’s prisoners.

The time has come to end special privileges of speculators, corporations and the rich. The Politics of Greed must change. Just because you have heard it all before it does not mean it cannot be done. We all created the god dame problem and turned a blind eye to it creating Climate change. We all must now mend it before its to late.

Perfect competition should drive profit to zero.

We are not in a position to eradicated Slums and their living blemish on all of us, but we can come together to demand a World Aid Commission of 0.05% be placed on all High frequency trading, sovereign wealth funds and Foreign Exchange Transactions over $20,000.(see previous posts)

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The billions created by such a Commission would go a long way to re-balancing the Have’s and Have not’s.  

What can you do in thirteen-thousandths of a second?

08 Tuesday Jul 2014

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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.

 

 

 

 

 

 

There are no military solutions to ‘environmental insecurity’.

07 Monday Jul 2014

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earth from space wallpaper hd 1024x576 Earth from space wallpaper hd

In the middle of the 20th century, we saw our planet from space for the first time.

From space, we see a small and fragile ball.

Over the course of this century, the relationship between the human world and the planet that sustains it has undergone a profound change.

The traditional forms of national sovereignty raise particular problems in managing the ‘global commons’ and their shared ecosystems – the oceans, outer space, and Antarctica. Many such changes are accompanied by life-threatening hazards.

Our Common Future, does not have to be a prediction of ever-increasing environmental decay, poverty, and hardship in an ever more polluted world among ever decreasing resources but the time has come to take the decisions needed to secure the resources to sustain this and coming generations.

 

This new reality, from which there is no escape, must be recognized – and managed.

There are more hungry people in the world than ever before, and their numbers are increasing. So are the numbers who cannot read or write, the numbers without safe water or safe and sound homes, and the numbers short of wood fuel with which to cook and warm themselves. It is impossible to separate economic development issues from environment issues; many forms of development erode the environmental resources upon which they must be based, and environmental degradation can undermine economic development.

Poverty is a major cause and effect of global environmental problems.

The gap between rich and poor nations is widening – not shrinking – and there is little prospect, given present trends and institutional arrangements, that this process will be reversed.

Humanity’s inability to fit its activities.

There is a growing scientific consensus that species are disappearing at rates never before witnessed on the planet, although there is also controversy over those rates and the risks they entail. Yet there is still time to halt this process

The changes in human attitudes that we call for depend on a vast campaign of education, debate, and public participation. A new international programme for cooperation among largely non-governmental organizations, scientific bodies, and industry groups should therefore be established for this purpose.

By the turn of the century, almost half of humanity will live in cities; the world of the 21st century will be a largely urban world. A safe and sustainable energy pathway is crucial to sustainable development; we have not yet found it

The world manufactures seven times more goods today than it did as recently as 1950. There is only one solution. CAP GREED AT SOURCE.( See previous blogs)

WE HAVE ALL HEARD OF BLACK HOLES BUT HOW ABOUT A DARK POOL

06 Sunday Jul 2014

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Dark Pools are generally operated by banks, they are supposed to be a safe way for institutional investors to execute block trades without worrying that their transactions will move market prices.

Another way to make money out of money just for the sake of profit.

Off-exchange venues have mushroomed in the past several years along with high-frequency trading, a twin development that demands more scrutiny.

Today, more than a third of equity trading in the United States and Europe is done outside the public exchanges, and most major banks run dark pools, including Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS and Barclay’s.

Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else’s expense before the deal is completed.

Powerful algorithms — “algos,” in industry parlance — execute millions of orders a second and scan dozens of public and private marketplaces simultaneously. They can spot trends before other investors can blink, changing orders and strategies within milliseconds.

Those small payments, spread over millions of shares, help high-speed investors profit simply by trading enormous numbers of shares, even if they buy or sell at a modest loss.

High-frequency traders generated about $21 billion in profits last year. But with some 40 percent of stock trades now occurring off-exchange, there is mounting evidence that the shift is obscuring the true prices of stocks, raising the cost of trading and, by extension, damaging investor confidence.

In recent days it has being claimed banks covered up predatory high-speed trading in dark pool operations. Barclays being named as one enriching its pockets at the expense of investors. There is no reason to believe that this kind of wrong doing is limited to Barclay so financial regulators are to impose more transparency which is a complete Jock.

I can hear you saying what is got to do with me. A profit is a Profit whether is honest or not.

However the question must be asked, is there such a thing as an honest profit with the Internet becoming a critical platform for international trade in the 21st Century.

The cross-border flow of information is increasingly providing a vast range of economic opportunities that if realized will drive innovation, invention and productivity growth. At the same time as the significant economic potential of the Internet is beginning to be more fully realized, governments are increasingly intervening in the operation of the Internet in order to address challenges such as from cyber crime and ensuring data privacy.

Over 2.3 billion people have access to the Internet and this figure is expected to grow to five billion by 2020. The Internet has the potential to change how international trade is conducted.

The words ‘to make money’ hold the essence of human morality…Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers who claim your product by tears, or of the looters who take it from you by force. Money is made possible only by the money. Not an ocean of tears not all the guns in the world can transform those pieces of paper in your wallet into the bread you will need to survive tomorrow …

Your wallet is your statement of hope that somewhere in the world around you there are men who will not default on that moral principle which is the root of money.

What I consider to be evil about Dark Pools, algorithms,  high-frequency trading is that they all generate profits for those that don’t need more profit.

They do so without contributing one iota to the problems facing all of us now and in the future.

This is why me must capture Greed at it source.

To place a 0.05% World Aid Commission on all such transactions over $20,000.  It will cost us nothing but it can only be achieved by all of us demanding it. ( See previous Blogs)

There is no use sitting under your energy-saving light bulb with a shopping bag for life. If you want to do some think spread the word. I can guarantee you it will make you feel a lot better.

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ON WE MARCH LEAVING FUTURE GENERATIONS THE PROBLEMS OF INEQUILITY

30 Monday Jun 2014

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This is a vast subject on which millions of knowledgeable words have been written down the centuries with little or no effect.

I am sure you will agree however no matter who was writing it is the people who are in pursuit of social change, and constantly bring attention to issues of equal rights and privileges, are often the people who do not have them. The ones who suffer daily from different levels of multidimensional inequality are the ones that see it is impossible to be politically equal.

The source of present day conflicts. 

The majorities at the bottom of the apex, with very limited power, are unable to make choices that would bring them to their ends. 

It is easy for us to say what should be done, but few of us can carry out what needs to be done.

ALL THOSE WORDS AND VOILA! WHERE ARE WE TO DAY?

With a Capitalist market which is earthly constructed that can only dole out earthly rewards.

If we continue to have so many social and economic inequalities our standard of living seems to be declining because we aren’t economically equal.

Some say in order to remove inequalities we must increase the minimum wage to a living wage. This will indeed save the middle classes and in doing so could reduce the need for food banks, social welfare benefits, and the like. In my view it would be a mistake to focus on growth and let inequality take care of itself, not only because inequality may be ethically undesirable but also because the resulting growth may be low and unsustainable.

Equality will not stop inequality of opportunity, education, health nor will it take people out of poverty. It will only move the reasons for inequality to a higher plane.

The drive to higher and more sustainable growth does not in itself support efforts to the redistribute of wealth.

There is an argument that a re-distributive system will slow innovation on quality of life improvements. Further, re distributive policies rely on the wisdom of the ‘redistributor.’ Freedom to choose those resources has been moved to the bureaucrat and politician and will ultimately lead us down the path of financial protectionism.

Now you might not agreed with the content of the above Paragraph but it is already in progress with more and more countries turning to Sovereign Wealth Funds’ (SWF) to protects their futures.  ( See Previous blogs)

These Funds have no outside beneficiaries or liabilities (beyond the government or the citizenry in abstract) they invest their assets, either in the short or long-term, according to the interests and objectives of the sovereign sponsor.

More and more Governments around the world see SWFs as an insurance policy for a potential future problem.

Political equality the most value of democratic theory. The idea that all have the capacity to make political and moral decisions and that we are equally qualified to rule is a long way off, if ever has long gone out the window.

What are the chances now that we have the start of Climate change that we can act as one. Fat chance of that coming about as the Climate is a salable product- CO2 carbon credits ( not worth the paper they are written on)

There is much work to be done Globally in a tight time frame if we don’t want mass immigration.

Development is about people: either poor people have ways to become richer where they are now, or they can become rich by moving somewhere else.

Rest assured that with CLIMATE CHANGE THIS IS EXACTLY WHAT IS GOING TO HAPPEN.

With this in mind, it seems that most of these theories about re distribution of wealth come from fairly elite class perspectives and, in turn, tend to be more pessimistic about bringing change to the inequalities they are evaluating.

When in fact what will happen is that these SWFs will reach out to each other taking advantage of the forthcoming crisis forming partners or in “clubs.”capital.

These funds that Sovereignty Wealth Funds bring to the table are committed to improving their investment capabilities not reducing income inequality. They have taken advantage of the financial crisis by acquiring valuable human resources which has nothing to do with improving the quality of living for the masses.

If not Capped they will along with Climate Change they will rewrite the map of global.

There is only one solution. Make Greed Contribute. ( See previous Blogs)

 

 

WE LIVE IN A WORLD STILL FUMBLING IN DARKNESS

26 Thursday Jun 2014

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Today “governments are everywhere embracing the free-market gospel, but should we leave the Capitalist free Market to handle Climate Change.

The answer is no.

History tells us so.  History Does Not Show that Business Forces Make Companies Efficient. Some claim free markets lead to greater prosperity than other economic policies.

I say that the selfish simply spend the extra money on themselves thereby setting an example for others that if you want a more affluent lifestyle you should be selfish. Left to regulate themselves in terms of climate change and the environment they are all ready turning both into products for Profit.

If we need pollution control, we don’t want it regulated by industrial companies.

We can choose to eat, drink and be merry today and die tomorrow; or we can choose to put limits on what we do today in order to live tomorrow. 

Consumer Choices Aren’t The Best Means For Citizens To Make Binding Group Decisions

There is more to life than merely increasing one’s money as fast as possible. A sense of security and dependability has some human value also.

Under American values any business with a conscience is at a disadvantage competing with companies without a conscience. These values are illustrated most dramatically by the wave of the future: telecommunications, the Internet, advanced computer technology, and the other wonders created by the exuberant American entrepreneurial spirit all unleashed by the market, by the huge transfer of public funds to private power, often under the traditional guise of “security.

We must put aside the intriguing contrast between doctrine and reality.

Meanwhile privatization proceeds apace elsewhere with Sovereign Wealth Funds taking control of the earth resources.

Control over food raises even more serious questions, in this case about survival.

Control over food supplies by foreign corporate giants is well under way, and with the agreement on telecommunications signed and delivered, financial services are next in line.

Just look at one important recent case, over considerable popular opposition the government of Brazil has decided to privatize the Vale Company, which controls vast uranium, iron, and other mineral resources and industrial and transport facilities, including sophisticated technology.

Also recently if you look a the Concentration of communications in any hands (particularly foreign hands) raises some rather serious questions about meaningful democracy.

Similar questions arise about concentration of finance, which undermines popular involvement in social and economic planning.

The free market gospel is preached (to the poor and defenseless) while protectionism through Sovereignty Wealth Funds is reaching unprecedented heights, and what are Administrations doing. Poured public funds into high-tech industry with unusual abandon.

Here we begin to reach the heart of the matter. Sovereign wealth funds activities must be caped if we want a free market and not Protectionism.

(See previous blogs)

We shall require a substantially new manner of thinking if mankind is to survive.”

23 Monday Jun 2014

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Stupidity has been around since the dinosaurs.

As Albert Einstein said  “Surely there is no-show that can possibly equate to the amount of mental diarrhea that is presented in every single microsecond.”

YOU MIGHT WELL ASK   “Why does applied science, which saves work and makes life easier, bring us so little happiness? The simple answer runs: Because we have not yet learned to make sensible use of it.”

Here is an Idea that might make a difference.

These days we carry cool devices that let us carry the world in our pockets, so why not use them to spread wealth, health, food aid and the like.

Its time we set a price on nature.

The people of the world can be asked whether and how much they prize the two values of nature – use value and non-use value.

This can be done WITH AN UNITED NATIONS APP that rewards the user by issuing a United Nations Food voucher to the deprived.

We would soon know what is valued and what is not.

Nature provides ecosystem services, and we trash it at our peril.

Our activities have put and are putting priceless resources – fresh water, clean air, oceans, and our climate at risk.

Man tries to make for himself in the fashion that suits him best a simplified and intelligible picture of the world; he then tries to some extent to substitute this cosmos of his for the world of experience, and thus to overcome it.

This is what the painter, the poet, the speculative philosopher, and the natural scientists do, each in his own fashion. Each makes this cosmos and its construction the pivot of his emotional life, in order to find in this way peace and security which he can not find in the narrow whirlpool of personal experience.  Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are even incapable of forming such opinions.

We shall require a substantially new manner of thinking if mankind is to survive.

A critical landmark in the sage of global climate change is occurring right in front of our eyes. If you are a non believer try Googling the Carteret Islanders of Papua New Guinea. They have become the world’s first entire community to be displaced by climate change.

Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world so why not use it.

Not one statesman in a position of responsibility has dared to pursue the only course that holds out any promise of peace, the course of sharing wealth since for a statesman to follow such a course would be tantamount to political suicide. This is why we must cap greed. ( See previous blogs)

Only a life lived for others is a life worth while .

A human being is part of the whole, called by us ‘Universe,’ a part limited
in time and space.

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The image which man has of himself and his environment.

15 Sunday Jun 2014

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The earth is the foundation of all life, so taking care of the earth and its resources should be a responsibility shared by all .

We are now in the middle of a long process of transition in the nature of the image which man has of himself and his environment.

Primitive men, and to a large extent also men of the early civilizations, imagined themselves to be living on a virtually illimitable plane. There was almost always somewhere beyond the known limits of human habitation, and over a very large part of the time that man has been on earth, there has been something like a frontier. That is, there was always some place else to go when things got too difficult, either by reason of the deterioration of the natural environment or a deterioration of the social structure in places where people happened to live.

The image of the frontier is probably one of the oldest images of mankind, and it is not surprising that we find it hard to get rid of.

All resources are interconnected, so a deficiency in one area puts pressure on all others.

People are putting increasing demands on the earth’s resources in many ways – the need for more food puts pressure on the land and fishing resources, power, fuel and building resources are over-used, our technology demands all sorts of new raw materials, even space for living can be in short supply.

With 7 billion people on the planet – theoretically from today – there will be an inevitable increase in the demand on the world’s natural resources.

Here are six already under severe pressure from current rates of consumption:

The six natural resources most drained by our 7 billion people

1. Water

Freshwater only makes 2.5% of the total volume of the world’s water, which is about 35 million km3. But considering 70% of that freshwater is in the form of ice and permanent snow cover and that we only have access to 200,000km3 of freshwater overall, it isn’t surprising that demand for water could soon exceed supply. The Food and Agriculture Organisation of the United Nations is predicting that by 2025, 1.8 billion people will be living in countries or regions with absolute water scarcity.

2. Oil

The fear of reaching peak oil continues to haunt the oil industry. The BP Statistical Review of World Energy in June measured total global oil at 188.8 million tonnes, from proved oil resources at the end of 2010. This is only enough to oil for the next 46.2 years, should global production remain at the current rate.

3. Natural gas

A similar picture to oil exists for natural gas, with enough gas in proven reserves to meet 58.6 years of global production at the end of 2010.

4. Phosphorus

Without this element, plants cannot grow. Essential for fertilizer, phosphate rock is only found in a handful of countries, including the US, China and Morocco. With the need to feed 7 billion people, scientists from the Global Phosphorus Research Initiative predict we could run out of phosphorus in 50 to 100 years unless new reserves of the element are found.

5. Coal

This has the largest reserves left of all the fossil fuels, but as China and other developing countries continue to increase their appetite for coal, demand could finally outstrip supply. As it is, we have enough coal to meet 188 years of global production.

6. Rare earth elements

Scandium and terbium are just two of the 17 rare earth minerals that are used in everything from the powerful magnets in wind turbines to the electronic circuits in smartphones. The elements are not as rare as their name suggests but currently 97% of the world’s supply comes from China and they can restrict supplies at will. Exact reserves are not known.

MAN IS DESTINED TO FIND AND CONSUME MORE ENERGY, AND STILL MORE FOREVER.

Our ever-rising ability to do more things faster, and impose more order of our own choosing anywhere we like is bad for the rest of the planet.

It will not have escaped your notice that doomsday-est are never listens to.

At the risk of being called a doomsday spoil sport there is only one solution and that is to tap into mans greed. ( See previous posts)

ARE WE ALL DEAF OR IS IT THAT WE DON’T GIVE A FUCK

13 Friday Jun 2014

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Have you not heard?

“Temperatures are going up. Springs are arriving earlier. Ice sheets are melting. Sea level is rising. The patterns of rainfall and drought are changing. Heat waves are getting worse, as is extreme precipitation. The oceans are acidifying.”

But people generally do not understand that the problem is urgent — that the fate of future generations (not necessarily that far in the future) is being determined by emission levels now.

Moreover, the average citizen tends to think there is more scientific debate about the basics than there really is.

“Nobody on this planet is going to be untouched by the impacts of climate change,”

“Throughout the 21st century, climate-change impacts are projected to slow down economic growth, make poverty reduction more difficult, further erode food security, and prolong existing and create new poverty traps, the latter particularly in urban areas and emerging hot spots of hunger,”

The world survives by way of an ecosystem and that system is the core of all living things. For many years now scientists have warned that our cavalier attitude toward preservation of the ecosystem will cause it to begin breaking down, however, their warnings often fell on deaf ears.

WHAT CAN BE DONE ABOUT IT NOW.

IT IS MY BELIEF THAT SINCE MAN STARTED TO OWN THINGS HIS GREED STARTED TO DESTROY THE VERY THINGS HE OWNED IN THE FIRST PLACE AT THE EXPENSE OF EARTHS NATURAL RESOURCES FOR SHORT TERM PROFIT.

EVERYTHING BECAME A COMMODITY TO BE SOLD. THE LESS OF IT THE MORE EXPENSIVE.

IT HAS TAKEN MILLENARY TO SEE THE REVERSE HAPPENING.

IF WE VALUE THE ESSENCE OF LIFE, WATER, CLEAN AIR, ENERGY AND FOOD THERE IS NO APP TO DOWNLOAD. WE MUST MAKE GREED PAY FOR IT.  ( See previous blogs )

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THE DOMINANT CAPITALIST SYSTEM – GREED MUST BE CAPPED.

05 Thursday Jun 2014

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We are coming up to the seventh commemoration of World War Two when hundred thousands of young souls gave their lives to stop the spread of Fascism in Europe which is now once more knocking on the door of Brussels. We all know the reasons why. The distribution of wealth remains in the hands of the rich.

At this point I could wax lyrical for pages and pages about what really makes one rich in our lives to no avail. So let’s look at one of the reasons why a tattooed individual is going to take his seat in the European Parliament with a swastika on his arm.

The euro zone unemployment rate has hit a record high at 11.8% with 18.8m people out of jobs.

 

A tiny elite are getting richer, the rest of us are getting poorer.

This is a familiar story in a world where greed and extreme wealth are central to the dominant capitalist system.

The annual Forbes billionaires list is an opportunity to test politicians promises that we are really

“All In It Together”.

The latest Forbes ranking, totalling a record 1,426 super rich (120 more than last year), globally represents a fortune of $5.4 trillion. That’s up from the $4.6 trillion a year earlier.

As you might expect, the United States continues to dominate the list, with 442 super-rich, followed by Asia-Pacific, with 386, and rest of the Americas producing 129 and the Middle East & Africa 103.

Although now the epicentre of austerity, the EU contributes heavily to the American business magazine’s hall of shame. And many of the richest among them have become even more filthy rich.

This at a time when most people on the Old Continent have been getting poorer, by 14%, to be exact, or one trillion dollars, according to a recent Credit Suisse study looking at household wealth.

The gap between rich and poor has grown even in the most traditionally egalitarian European countries, such as Germany, Denmark and Sweden, with the average income of the richest 10% compared to the poorest 10% rising from 5 to 1 in the 1980s to 6 to 1 today, according to a OECD reported published in December 2011.

Divided We Stand:  Why Inequality Keeps Rising” .

Our most urgent priority is to build Europe on the basis of equality, solidarity, and authentic democracy.

EU institutions and European governments now serve the interests of financial markets, with no respect for popular sovereignty. They must be brought under democratic control, just as the public interest must prevail and ecological and social needs be met. We base our demands for a democratic, social, ecological and feminist Europe on these principles, in solidarity with the people’s of the world.

Austerity policies attack economic and social rights and dismantle social protection. They lead to a drop in the standard of living and in many countries to acute humanitarian distress. The consequences are massive unemployment as well as a serious downgrading of working and living conditions. These, in turn, lead to unacceptable increases in poverty: today, 120 million people in the EU are poor.

For decades financial markets built and operated within a world economy in which they face no obstacles. The speculation they engaged in lies at the heart of most problems facing us today and still speculative traders continue to take money out of people’s pockets.

Now don’t get me wrong. I have nothing against a man getting rich or staying rich. The Capitalist system will ensure their existence, and long may they do so. No Wealth no Tax Mansion Tax or what ever tax will solve the problem of Greed.

However there is a way of getting Electronic Trading Platforms and Computer-driven algorithmic trading strategies and the like to contribute to the distribution of wealth worldwide.

The Foreign Exchange Market is known to be the largest financial market in the world, as measured by daily turnover. It is estimated to be anything from $3.2 trillion to $5 trillion a day. Six times larger than trading in US Treasury Bonds and thirty times larger than trading on the New york Stock Exchange.

A 0.05% AID COMMISSION ON ALL WORLD FOREIGN EXCHANGE TRADING WOULD DO THE TRICK.  SAVE THE WORLD FROM THE RICH.  ( SEE PREVIOUS BLOGS)

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