The Western media and politicians hype China’s economic progress because they want to use it to show that China’s economic progress only became possible when it adopted Western capitalism.
Capitalism has resulted in accumulating wealth in the hands of a few people while impoverishing the overwhelming majority of people in the world. Today 62 richest people have as much wealth as the bottom half of 3.6 billion people. This is beyond obscene.
If capitalism is such a great system why is there such widespread poverty in the world? Capitalism is run by vultures that prey on the innocent and the weak creating gross inequalities between and within societies.
Instead of acknowledging its own role in supporting takfiri terrorists that were unleashed in Syria, the British government is blaming Muslims for their emergence. As Baronnes Warsi said, Muslims will speak out when they know they will be heard.
China is reviving the old Silk Road idea that will integrate Central Asia, Russia and Europe in the west and, Pakistan, India, Bangladesh, Malaysia and Indonesia in the east into its rapidly growing economy.
It may sound contradictory but poverty in the US is widespread despites its being the world’s richest country. This is because inequality is built in to the US system with the rich getting richer and poor getting poorer.
America has the best democracy money can buy. This has become even truer with the latest Supreme Court decision. America is now an oligarchy rather than a democracy and the highest court has confirmed it.
Does Buffett believe, as some have speculated, that the financial markets are about to collapse and that gold and silver would not be much help in feeding people?
America’s role as the sole superpower is not only over but it is becoming the pauper power with thousands of factory closings, jobs shipped overseas, its debt reaching the sky and its military having been thoroughly defeated. America’s dream has become a nightmare for most people.
Capitalism and capitalists have no religion and no loyalty to anything or anyone except their personal financial interests. Profit margin is what drives them. Workers may not withdraw their labour in certain critical industries...
Even while the economic tsunami hit the US, George Bush insisted that economic fundamentals were strong. When asked about the collapsing US economy at his last press conference as president, he replied, “I am not an economist; neither are you, by the way. I am an optimist and I believe the economy will eventually turn around.”
In his autobiography, the American industrialist Henry Ford wrote, ‘Repetitive labor... is a terrifying prospect to a certain kind of mind... but to other minds, perhaps I might say the majority of minds, repetitive operations hold no terrors.’
Renewed street protests against the Albanian government broke out in the capital Tirana and other major towns on February 5. These erupted after the Democratic Party (PD) government of president Salih Berisha failed to satisfy investors that it would repay the money they had invested in failed ‘pyramid’ investment schemes.
The economy of the Islamic State, according to Sadr, is divided between that of the individual as the vicar of God (khalifah), and the ruler as the witness (shahid) who presides over the application of the laws of God. The economic structure of the Islamic State thus consist of private property and public property. However, one should not think that the economic structure of the Islamic State is some sort of combination of capitalism and socialism. Sadr strongly rejects this misconception.
