Webster Tarpley on Austrian Economics
1 year ago Well put Camb. As always, I appreciate your analysis. If you would be interested in contributing any articles to the fledgling DailyLiberty, let me know.
CraigKramer 1 year ago camb702
1 year ago I sure will, Craig.
I also apologise for not having replied sooner to your PM; it deserves consideration. Rest assured I'm working on a reply.
(I'm easily distracted)
camb702 1 year ago
7 months ago There is no socialist/capitalist dialectic as others would have you believe. Capitalism is by definition private ownership of means of production. Socialism is public ownership of means of production. What does it matter if its private or public ownership of capital? As long as wealth is being produced what does it matter. Furthermore, I dont think WT is proposing a total state owned economy, just investment in public projects and business during times of trouble to put the millions in jobs.
1 year ago Tarpley's not endorsing the current political structure. He's referring to the founding principles of the American constitution. The American System of political economics has everything to do with addressing the issue of economic rights and class struggle. Of course, it's been a while since we've had such a government; JFK being the most recent.
I'll agree on your final analysis though. Our bankruptcy extends well beyond that of finance (i.e. culturally, morally, intellectually, etc).
1 year ago That's not what he's saying at all; it also typifies the abject cynicism typically associated with followers of the Austrian School.
The simple fact is power has to reside somewhere, and if it's not within government then you're leaving it in the unaccountable hands of the Wall Street.
If you don't like the way things are being run then you exercise your political will and you change it. The government is STILL subject to the will of the people if you're willing to fight for it.