The Global System Nearing Financial and Climate Collapse: Capitalism

The Global System Nearing Financial and Climate Collapse: Capitalism(Source

What was once called a sea of debt on which we floated has become an ocean of debt into which we are sinking, and still our ruling minority programs us to ask “where can we get the money to fund health care and education” as though we all had doctoral degrees from the London School of Economics. Stop spending it on weapons, drugs, waste and garbage and redirect it to what humans need most: shelter, food, clothing, health care, and other stuff like that. The incredible amount of debt which global capitalism treats as a systemic foundation now threatens to structurally collapse. That is not just a problem for the 1% or smaller percentile that still exercises power over space, time and life itself. The last collapse a few years ago reduced millions of former homeowners and jobholders to a struggle for survival that has not ended for most of them – that finds more people working for less pay and less people enjoying the fruits of their labor. No different than what began with industrial capitalism back in the 19th century when people who previously lived off the land, or tried to, were herded into cities and factories and mills to create wealth, some of which trickled down to them but mostly defied nature and gravity by flowing up to the ruling powers whose wealth was beyond that of previous feudal lords.

Leave a Reply

Your email address will not be published. Required fields are marked *