Sunday, December 27, 2009

Two great (and infuriating) articles from the My Budget 360 blog

While it seems that the author treats capitalism as something different from corporatism, I would argue we are in fact seeing the true effects of capitalism. It's articles like this, whether written by an anarchist or not, that drove me to investigate the ideas of, and call myself an anarchist and question the idea of capitalism.

"[T]he State . . . and Capitalism are facts and conceptions which we cannot separate from each other. In the course of history these institutions have developed, supporting and reinforcing each other.

"They are connected with each other -- not as mere accidental co-incidences. They are linked together by the links of cause and effect." [Kropotkin, Evolution and Environment, p. 94]

First up: The Corporatocracy Systematically Destroying the American Middle Class: In 40 Years the Corporatocracy has Shifted Americans from a Sustainable Middle Class to a Perpetual Cycle of Debt Serfdom.

Second: Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. - How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.