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- Aug 23, 2003
The question should be asked whether we even have true "free market" capitalism which implies true competition.
Look into almost any industry, and you have 2 to 4 transnationals dominating the entire market, everything from media to mining to oil etc. They get subsidized, bailed out , tax havened, they launder money, embezzle govt aid, theybribe contribute to political campaigns, and the list goes on.
As far as the whole issue of growth - its completely irrational to base the worlds entire economy on constant GDP growth and consumption with limited resources. Its the equivalent to a cancer or rapid cell growth in the human body, which will eventually die as a result. Technological breakthrough is the only thing that can stave off a collapse for a little while.
But you have to come to the realization that the decision-makers of this world hold all the power, and thus have no incentive to change a system, from which they derive all of their power and influence.
Look into almost any industry, and you have 2 to 4 transnationals dominating the entire market, everything from media to mining to oil etc. They get subsidized, bailed out , tax havened, they launder money, embezzle govt aid, they
As far as the whole issue of growth - its completely irrational to base the worlds entire economy on constant GDP growth and consumption with limited resources. Its the equivalent to a cancer or rapid cell growth in the human body, which will eventually die as a result. Technological breakthrough is the only thing that can stave off a collapse for a little while.
But you have to come to the realization that the decision-makers of this world hold all the power, and thus have no incentive to change a system, from which they derive all of their power and influence.