Doomsday Capitalism?” Capitalism is actually destroying America? Yes, that’s the message in my tenth book. Doomsday Capitalism, 10 self-destructive macro-trends. But you’ll never see it in print. No one, not even book publishers want to hear this truth: Capitalism is destroying America. Why? “Super-Rich” capitalists get rich off these 10 macro-trends. They want happy talk. Back in 2007 Jack Bogle called my warnings “prescient.” But that didn’t stop the meltdown. Next time financial historians warn of a bigger meltdown, a total collapse has been the destiny of every nation for eight centuries. This time, capitalism is the saboteur.
Yale scholar Immanuel Wallerstein warns that capitalism’s at the end of a 500-year cycle: The “political struggle is over what kind of system will replace capitalism, not whether it should survive.” We cannot stop this cycle. Yes, “Super-Rich” capitalists will fight to the death, take the rest of us down with them.
Why? Destiny is trapped in our DNA warn historians, will not change. America is run by these short-term thinkers. They never learn the lessons of history. They do not want you to know that their capitalism is self-destructive, hell, they don’t even know capitalism’s cycle is in a suicidal endgame, that their “mutant capitalism,” as Bogle calls it, is destroying the very soul of America’s democracy.
Instead, leaders inside this conspiracy want Americans to follow their rigid doctrine: In Milton Friedman’s 1962 Capitalism & Freedom, the bible of Reaganomics; In Ayn Rand’s manifestos that misguided Alan Greenspan and now Paul Ryan; and in Steve Forbes post-meltdown apologia, How Capitalism Will Save Us: Why Free People and Free Markets Are the Best Answer in Today’s Economy. Capitalism has become a religion for the “Super-Rich,” with many such “saviors.” Heretics must be denied, such as this one: Doomsday Capitalism is destroying America from within. Here are highlights, with links to a few of the earlier hundred columns on topic. Ten macro-trends building to a perfect storm, a critical mass, flashpoint
1. Doomsday Capitalism—Death of The American Dream, Spirit, Soul
After our bankrupt Wall Street was resurrected in 2008—thanks to their Trojan Horse, an ex-Goldman CEO inside the Treasury stealing trillions from a clueless Congress—it became obvious that capitalism really is killing America’s soul. Nobody trusts government. And no matter who’s elected, wealth, Wall Street and the “Super-Rich” will rule America, total collapse is coming.
Why? Senator Bernie Sanders, the lone independent, said it best: “There is a war going on in this country … the war waged by the wealthiest people in America on the disappearing and shrinking middle class of our country. The nation’s billionaires are on the warpath. They want more, more, more. Their greed has no end and they are apparently unconcerned for the future of this country if it gets in the way of their accumulation of power and wealth.”
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