Showing posts with label rampant capitalism. Show all posts
Showing posts with label rampant capitalism. Show all posts

Wednesday, May 22, 2024

A Voice From The Past


Lately, I have been spending more time reading than writing. A tome I have almost finished is a biography of Albert Einstein by Walter Isaacson. While I do not pretend to understand the physics Einstein was world-famous for, a strength of the book is the very human portrayal the author renders.

Einstein was a pacifist, but that changed when the Nazis came to power. As one who had left Germany before things became really bad, he was aware of friends and colleagues who suffered tremendously under Hitler's Third Reich.

He was also a socialist, but with a wariness of centralized power, the  abuse of which he saw in the Soviet Union. Despite that wariness, he knew in his heart the dangers of untrammelled, unfettered capitalism. Here is a paragraph from the book:

...unrestrained capitalism produced great disparities of wealth, cycles of boom and depression, and festering levels of unemployment. The system encouraged selfishness instead of cooperation, and acquiring wealth rather than serving others. People were educated for careers rather than love of work and creativity. And political parties became corrupted by political contributions from owners of great capital.

Looking at what our world has become, is there anyone who can disagree with that assessment?

Monday, December 2, 2019

A Creeping And Very Real Threat

I am currently reading Linda McQuaig's latest book, The Sport & Prey of Capitalists: How the Rich Are Stealing Canada's Public Wealth. As with most of her books, despite her very clear, accessible writing style, I am having a hard time with it, disturbing as it is in so many ways. While I am not prepared to discuss it at this point, its thesis, not exactly startling, is that our government is ceding more and more of our formerly proud public institutions to the depredations of rampant capitalism.

I came across the following video on The Guardian today, about threats to the British National Health Service by Boris Johnson as he prepares to negotiate bilateral trade deals, perhaps the most impactful one being with the U.S. It addresses the sort of mentality that McQuaig talks about in her book. You can read the article here, and watch the disturbing claims being made by Labour's Jermeemy Corbyn below: