Jan 16 2009
Another Failure of Global Capitalism and towards Socialistic Capitalism
Global Capital has once again failed and has moved towards Socialistic Capitalism.
In the headlines today, it was reported that the US Government has taken a stake in two of the largest banks (including one I use to bank with) in the country, if not the world. This just show that global capitalism has made some companies “too big to fail”.
Maybe it is time to let them fail and split the assets, and liabilities, of these banks up in to regional, state, and local entities (the more local the better) that are more responsive to the local populace and conditions. In addition, this will allow the stronger entities stand on their own while making it easier to either recapitalize or dissolve the weaker entities since it would involve less resources.
Furthermore, we should not just stop at banks. Energy (especially oil), food (both production and processing), and retail should be broken up as small as feasible and as fast as possible.
One last thing breakup should also be looked at and that is governmental (both literal and quazi) breakup. Yes, I am again talking about breaking up the United States and European Unions, and the dissolving of the United Nations.
That is not practical. There needs to be a certain type of central governing power to ensure a certain level of uniformity of law among the several regions and nations. Without that, then there is chaos, civil unrest, and many wars between the separate states.
As for war. And big countries and big government has prevented them? Sorry, but globalism (i.e. conquering) is the one of the main causes of wars. The wars are bigger now with bigger casualty numbers.
I will stick with my fellow distributists on this.