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Capitalism?

Via Susie, an article in the New Scientist by Andy Coghlan and Debora MacKenzie, Revealed – the capitalist network that runs the world, tells about a study that reveals the interlocking ownership of major multinationals that allows a relatively small number of corporations control global business.

They make one common error – they identify it as ‘capitalist’, when it is corporatist, and every bit as distant from capitalism as communism is.

Bruce Judson at New Deal 2.0 has decided to wade in on the issue with several posts, the first being, The Kids Camping on Wall Street Are The Capitalists, Not the People in the Buildings.

In the real meaning of the words, I am a conservative capitalist, in that I don’t believe in subsidies or tax loopholes, and do believe in the Constitution and the Bill of Rights. Today that makes me a leftwing radical socialist and DFH.

5 comments

1 Steve Bates { 10.22.11 at 12:24 pm }

I never thought I’d be classified as a DFH after a life with no illegal drug use at all. And I certainly never thought I’d be known as a socialist after running my own fairly successful profit-making business for 20 years. But as you pointed out the other day, the meanings of words change with the times, and now I’ll happily plead to both “DFH” and “socialist,” just because I don’t want to be associated with what passes for “capitalist” these days.

2 Steve Bates { 10.22.11 at 12:40 pm }

Oh, and re that New Scientist article… how does the Trilateral Commission fit in? the Knights Templar? And most important of all… I WANT MY BLACK HELICOPTERS!!1!

3 Bryan { 10.22.11 at 12:59 pm }

They steal the words and change the meanings to suit their own purpose. As they want to impose radical measures, they call themselves ‘conservatives’ and rewrite history to suit their purpose.

Most people have no idea how visible black is at night, which is why Special Forces uses dark grey. Only funeral directors and bankers use black. That should tell you who owns the ‘black helicopters’ 😉

4 Badtux { 10.24.11 at 5:15 pm }

Most people think the night sky is black. It isn’t. Even on a moonless star-lit night, there is still a faint glow from the stars. I noticed this while watching falling stars in the California desert Saturday night…

5 Bryan { 10.24.11 at 11:15 pm }

As you go higher in the atmosphere and further away of civilization, the sky brightens considerably as more stars are visible. At 40,000 feet about the Arctic you can really appreciate what Carl Sagan meant when he talked about ‘billions and billions of stars’.