A Socialist View of the Market Crisis

So is Capitalism inherently flawed? Not inherently, but as all things it works very well in theory, but in practice Capitalism needs a lot of help! One thing the theory of truly free market economies assumes is just that – a free market with equal access to information so that everyone is making considered decisions. Well, given the complexity of the financial world (which I know as a former chartered accountant is often a deliberately created complexity) it is an assumption that one just cannot make. But much more fundamentally, a true free market theory assumes a continuing flow of wealth back into the economy. Whether in form of saving or consumption, money/wealth by individuals or by organizations is pumped back into the economy. It does not matter whether the money is in form of debt or cash – Capitalism is essentially based on a free barter system, with means of negotiations being cash or credit.

However, when large chunks of wealth are pulled out of the economy and put into the ‘hyper economy’ imbalances are created within the economic system. A ‘hyper economy’ is an ‘isolated island economy’ where the super rich play amongst themselves, investing large sums of money that does not go back into to the productive economy but tend to circulate within that isolated system. So the economic system begins to bleed ultimately leading to it’s collapse. At it’s simplest form imagine a king of an oil rich economy that usurps the revenues for his own pleasures – not putting it to use productively. Or the Indian Industrialists bleeding their companies to put their fortunes into Swiss banks. In the US, for example, and all over the world for that matter, in the banking and financial sector, people at the top of their game were creaming billions of dollars away from the real economy and putting it in the isolationsist ‘Island economy,’ in effect destroying the financial structures of the real economy, and ultimately unable even to sustain the ‘hyper economy’. After all, the whole financial instruments world, and the banking world sustains itself by making money from the ordinary people of the real world —

The Best Things in Life Are Free

Falling into the deepest desperation

gives you the chance to find

your true nature.

Just as dreams come alive

when you least expect them to,

so will the answers to questions

you cannot unfold.

Let your instinct

build a trail of wisdom,

and let your fears be

diminished by hope.

The Crazy 5! ~ Five Things You May Not Know About Me

Yes, it’s blog tag time. 🙂

What is blog tag? If tagged, you have to blog five things we don’t know about you. Then you have to "tag" five other people, and link to their profiles from your post. Notify tagged users with a message to make sure they know what is going on.

The goal: To get to know each other 🙂 If someone intrigues you, but you haven’t said ‘hello’ yet- now is your chance to find out more about them.

Any questions? Ask me or Dave, who got the ball rolling in the first place (and yes, Dave, I too am a chronic MySpace survey poster!) And thank you, Olivia, for tagging me (and by the way, I loved visualizing you jumping up and down in the bathroom, screaming silently to yourself when you won at poker the night you met your sig other – too cute!!).

Jesus: A Story of Enlightenment

Deepak Chopra’s newest book, "Jesus: A Story of Enlightenment," went on sale on November 4th. Below, Deepak explains the origin of the book and of the concept of Jesus as a teacher of enlightenment. 

There are no facts to tell us what happened to the young Jesus during his "lost years" between the Nativity story and the day he appears at the River Jordan, age thirty, to be baptized.  I was glad for this mystery, because it allowed me to describe an extraordinary youth who discovers, step by step, that he is the awaited Messiah.   This isn’t a fictional biography but a journey into the realm of miracles and, in the end, complete enlightenment.

It’s been a long time — perhaps as far back as Thomas Jefferson — that Americans seriously considered Jesus, not as the Son of God, but as an enlightened teacher. For me, that doesn’t rob him of his sacred stature. It puts sacredness in human terms.

I wrote my book, "Jesus: A Story of Enlightenment" to give readers an appreciation for how enlightenment unfolds from promising beginnings, not full divinity.  In an age when Jesus threatens to become the exclusive property of fervent, literal-minded devotees, we have an urgent need to bring him back, not as the savior, but as a savior — one who won his own salvation before promising it to the world.

Warm regards,

Deepak Chopra

Time Magazine reviews the book and interviews Deepak Chopra in the article "Deepak Chopra on Jesus."

 

 

Relationships

Hello Sal, thank you for inviting me on the blogtags and I have just sent this to Pratchi Patel and Olivia Kuhn-Lloyd.

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