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Sir Maynard Keyenes idea to rid the glut of consumer products that
periodically choke industrial production, and are the primary cause of
economic depression, was to use the government treasury to create work by
financing public works projects. This was tried by the Roosevelt
administration but didn't work. The reason was that it further stimulated
industry to the point of adding more surpluses to the pile of consumer goods
that choked the economy and it wasn't until the outbreak of WWII that the
great depression ended.
Perhaps it is unfair to call the deliberate creation of wars that kept the
economy purring war keyenesianism. Keyenes was perfectly aware that war
would solve the problem of overproduction and under consumption and hoped
for a peaceful method of accomplishing the same end but it didn't work. The
reason was quite obvious. When I came back from Europe after WWII and picked
up my young wife and child to begin life as a family man I couldn't even buy
her a refrigerator. The only used car I could buy was an antiquated Model A
Ford. For four years nothing had been produced that couldn't be blown up, or
became obsolete. Prosperity was here. It lasted for about five years when
the market again became glutted. It was time for another war.
When it became obvious that massive retaliation with nukes was not producing
a cold war, but a cold peace, the theory of "flexible response" was pursued.
This was the brush-fire war theory of Henry Kissinger put into action. It
involved the creation of the civil war type states dividing countries by
drawing a line and calling them North Korea and South Korea, or North
Vietnam and South Vietnam. The CIA carried this out. Now war could be
conducted without massive destruction by nuclear war-heads. The death of
the Soviet Union ended the cold war and the CIA and the Reagan
administration kept the ball rolling by sending troops to Central America to
fight popular uprisings. We had the war on drugs, the assault on small
countries like Nicaragua and El Salvador and are now the "War in Iraq". The
military industrial complex has been getting over half of our national tax
money and a public that is so accustomed to war doesn't even question why we
need 12 air-craft carrier groups when there is no possible adversary.
I am of the opinion that the problem of overproduction and under consumption
is not caused by capitalism but is caused by corporatism. We need a free
market, but corporations with their grip on patents and their mergers are
the enemy of a free market. A truly free market involving businesses with an
owner and not a CEO don't glut the market. A small business that produces
more than it can sell will go out of business. Not so the corporations who
can take Chapter 11 bankruptcy and be back on the big board the following
year. They cannot be reformed any more than a robot that has been created to
rob a bank can come to Jesus. Corporations have to go! Mussolini said that
fascism should properly be called corporatism because it is a marriage of
corporation power and state power. Ed Kennedy said that the Republicans get
95% of their money from the corporations and the Democrats 75%. Where does
that leave us? According to Benito the only thing saving us from an open
terroristic dictatorship is the 30% that come from the public.
The rationale given by the Supreme Court judge that decided corporations
were "persons" and entitled to all the rights of a human being under the IV
Amendment was that the economic life of the country depended upon
corporations and they had to have these rights in order to stay in business.
It was the same Supreme Court that decided that Dred Scott was not a person,
but the property of his owner. A Corporation has no owner and therefore is
entitled to be a person.
These "persons" now control our media, our universities, our military, and
our government. We humans are weak and can be bribed, and these robotic
persons have the money to do it. Like Esau, we have sold our birthright for
a mess of pottage. Sure we should go after the criminal Bush, but Dubya is a
walking corporation. Corporation money pays the hit man lets go after them
too.