Tuesday, 27 May 2014
How Can Capitalism Be "Renewed"?
Businessmen and political leaders are gathering in London on Tuesday to discuss how to "renew the capitalist system". As usual the ideas being put forward are almost entirely self-centred and greed driven with such ideas as making it easier for people to invest in business or start their own. What they are looking for is a fig leaf that they can wear while continuing to grab whatever they can at the expense of wider society. The "News In Shorts" would like to add a couple more ideas for them to consider. First, pay your taxes instead of exploiting tax loopholes. Second. stop bribing corrupt politicians to create those tax loopholes in the first place. Capitalism has demonstrated time and again that it has no conscience and, given the opportunity, will indulge itself in criminality. They have corrupted politicians across the globe and bribed them to deregulate business so they can be as stupid and reckless as they've always wanted to be. How can capitalism be renewed? It can be regulated, forced to recognise the same standards of behaviour as the rest of us, constrained from breaking the law and reminded that it has a responsibility to the rest of society. In other words it is time for the Neoliberal economic experiment to be scrapped along with its rationalisation of greed and selfishness. This economic mumbo-jumbo has had its day and its time to go back to the system that created wealth for all instead of a self-selected elite whose only interest is self-interest.