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Peter MacMahon - Credit crunch has turned the capitalists reflective



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Published Date: 07 August 2008
BETWEEN THE LINES
IN THE demonology of Marxist ideology there is no such thing a good capitalist. The best thing that can happen to those who turn a nice dollar, or a nice pound, is for them to be put up against a wall when the proletariat overthrow the boss class.
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The full article contains 943 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 06 August 2008 8:56 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
1

Itchy,

07/08/2008 06:43:24
"The debate is now just about how red in tooth and claw government, through regulation, allows capitalism to be."

You're not a capitalist, you're a Marxist pretending to be one.
2

Neil,

Glasgow 07/08/2008 12:33:19
The basic error here is to believe that rich capitalists inherently want a free enterprise system. They don't. They want a system which will maintain their wealth & keep out competitors. This is why they hire lobbying firms & donate to politicians & Greenpeace & support government regulation - precisely to prevent such "red in tooth & claw" competition.

Free enterprise is much too likely to let upstarts like Bill Gates or Brian Souter rise to the top.

Currently we see the building industry, which for decades has co-operated in its own emasculation, demandingthe government gets thr taxpayer to pay out billions to take houses off their hands, that the public won't pay for. A free market housing industry would have far fewer companies, manufacturing more houses mainly off site using mass production technniques & producing them at 1/4 of the cost.

What we see is a conspiracy between the capitalist builders & mortgage providers & the socialist politicians (of all parties) against the public to keep the building industry as it was a century ago, but more expensive.
3

lovina roe,

Perth 07/08/2008 13:57:01
At last! An admission that the people who run banks are incompetent, have been responsible for wreaking misery on thousands of people and very nearly ruining the world economy. Next step should, therefore, be to sack them, strip them of their huge bonuses and their bank balances, and find a way of restoring the money thereby accumulated to those who were duped in the first place: customers. This might go some way to restoring faith in the banking system.

And no, I'm not a Marxist, Trotskyist or any such -ist. I am merely a member of the public who has become cynical about the banking system.
4

Itchy,

07/08/2008 15:07:01
#3 or we could get government out of the banking system and return to a gold standard.......

 

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