Masters Of War

Come you masters of war You that build all the guns You that build the death planes You that build all the bombs You that hide behind walls You that hide behind desks I just want you to know I can see through your masks. You that never done nothin' But build to destroy You play with my world Like it's your little toy You put a gun in my hand And you hide from my eyes And you turn and run farther When the fast bullets fly. Like Judas of old You lie and deceive A world war can be won You want me to believe But I see through your eyes And I see through your brain Like I see through the water That runs down my drain. You fasten all the triggers For the others to fire Then you set back and watch When the death count gets higher You hide in your mansion' As young people's blood Flows out of their bodies And is buried in the mud. You've thrown the worst fear That can ever be hurled Fear to bring children Into the world For threatening my baby Unborn and unnamed You ain't worth the blood That runs in your veins. How much do I know To talk out of turn You might say that I'm young You might say I'm unlearned But there's one thing I know Though I'm younger than you That even Jesus would never Forgive what you do. Let me ask you one question Is your money that good Will it buy you forgiveness Do you think that it could I think you will find When your death takes its toll All the money you made Will never buy back your soul. And I hope that you die And your death'll come soon I will follow your casket In the pale afternoon And I'll watch while you're lowered Down to your deathbed And I'll stand over your grave 'Til I'm sure that you're dead.------- Bob Dylan 1963

Tuesday, December 9, 2014

The Wages of Global Capitalism by Richard D Wolff

2014.12.8.Wolff.MainCapitalism no longer delivers a rising standard of living in the regions where it began and developed first: Western Europe, North America and Japan, says Richard Wolff. (Image via Shutterstock)
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1 comment:

TOM said...

Any system should be judged by the benefits reaped by the whole society.
Supply and demand no longer sets prices. Wages no longer reflect the amount (percentage) of profits companies make.
To me, capitalists have an obligation through the wages they pay to better the lives of the whole society, thus bettering their own profit position. Ford had it right in a true capitalistic sense. Pay his employees enough so they could afford the products they make and Ford would not only better their lives, but greatly enlarge his profits and his company at the same time.
Stagnant wages over the last 30 years do not reflect the profit growth of companies during the same time. Companies are choking their own growth by keeping wages low.
Near minimum wages will not sustain the above average (above world worker average) lifestyle of the average American. It is global competition that is winning, not the American economy. It's impossible to compete with workers that make 10% of what our workforce makes.
We reaped great benefits from that extra cost and is part of why we are considered a great country. Benefits these lower paid world workers are not getting to better their lives.
We can cut our wages and lifestyles to match theirs (world workers) which seems to be the course now, or we could entice world workers to fight for better wages and lifestyles, thus leveling the playing field and raise the lifestyle of million, maybe billions of other workers around the world.
At this point capitalism is failing. It is failing to produce a healthy economy among the people. It is failing to produce products (like medical advances) society needs. Capitalists won't invest in such innovations and inventions that can't produce an immediate profit return. That leaves government (our taxes) to invest in those needed areas. If government is producing those products, it's not true capitalism.
But we (America) never really had true capitalism. If not for government's help (financial investment, property compromises, regulations slanted to companies, etc) there would be no train companies, oil companies, etc., etc...
There is an old saying, "Once in a while Socialism has to step in to save Capitalism."
America has set up many "social" programs to cover the costs of life sustaining needs a corporation won't/can't/shouldn't cover for non workers. We made those decisions based on a compassionate society whose morals could not accept the early death, or starvation by non workers (young, old, crippled, etc.). They are not Socialistic programs in the Stalinist sense, we democratically voted for and paid (raised taxes on ourselves) to pay for those programs.
The evidence is clear that our whole society is better off for those programs, in a true "security of the society" sense.
We have to decide; what kind of society do we want, and what are we willing to pay for that society?
The FDR generation made that decision, one I happen to agree with. This generation (last 30 years) has made a different decision. To cut taxes and allow huge debt to add up. We could/should have cut those programs while cutting taxes to avoid huge debt, but that's not what this selfish generation wanted, or voted for. So our "capitalistic" system is passing on a financial nightmare to future generations. They will have no money to solve problems, even if they come up with the solutions.