So our ‘esteemed leader’ has no doubt seen his ideal society in China. I can see him rubbing his hands as he recognized his favoured ‘capitalist’ model in action. You know, the illusion of economic freedom with a centrist dictatorial bureaucracy behind it.
And of course, as in China, it is a lie. It is a lie for many reasons, not only the fact it gives only the ‘image’ of freedom. Indeed, proof of the lie can be seen in the continuing saga of Northern Rock back home.
With real capitalism, if a firm goes under, it goes bust.
It’s as simple as that. But Northern Rock cannot be allowed to go bust. This is for two central reasons. First of all, firms in the UK are now so big that to go bust would leave a dangerous economic hole in the economy.
And second, the message of a firm such as this going bust would destabilize the rest of the economy. But how can this be?
The reason is it is all built on quicksand.
True capitalist economies have real substance behind them, in terms of capital. Our modern economy is based totally on confidence, arising from credit.
Hence, if confidence in the system was shattered, the system itself would be seen for the illusion it is, and it would fall. So I hope Brown enjoyed his visit to China. The dream he thinks is real will sadly not continue in the UK.
© Anthony North, January 2008
For a reality check - SUPER-CAPITALISM
I've been having a go at the present super-capitalist model of late, with various posts showing how it is an error, and how it is leading us ever closer to totalitarianism. Why not have a quick read ...
... access here ...