The Mudcat Café TM
Thread #114513   Message #2444973
Posted By: Bee-dubya-ell
19-Sep-08 - 09:42 AM
Thread Name: blame CAPITALISM & jetison it!!
Subject: RE: blame CAPITALISM & jetison it!!
I don't see the problem as being capitalism per se, but rampant capitalism. The traditional, mostly beneficial, uses to which capital has been put for many years (manufacturing, mining, agriculture, commerce) have recently been shoved unto the back burner while the interests of the financial sector have been brought forward. Well, the financial sector creates absolutely nothing. All it does is facilitate the flow of money from one party to another while keeping a bit of that money for itself. Yet, for a number of years now, financial companies have been the darlings of investors. What's needed, and what the current shakeup will doubtlessly provide, is a realignment of the priorities of our capitalist system. Financial institutions are meant to be the servants of those who use money to actually create something of value. Money is merely a representation of something of true value. A loaf of bread has true value and our economy should be based upon the value of the bakery that creates that loaf of bread, not the bank that loans the baker money.