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The Zombie System: How Capitalism Has Gone Off The Rails - One For Rk

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http://www.spiegel.de/international/business/capitalism-in-crisis-amid-slow-growth-and-growing-inequality-a-998598.html

A new buzzword is circulating in the world's convention centers and auditoriums. It can be heard at the World Economic Forum in Davos, Switzerland, and at the annual meeting of the International Monetary Fund. Bankers sprinkle it into the presentations; politicians use it leave an impression on discussion panels.

The buzzword is "inclusion" and it refers to a trait that Western industrialized nations seem to be on the verge of losing: the ability to allow as many layers of society as possible to benefit from economic advancement and participate in political life.

The term is now even being used at meetings of a more exclusive character, as was the case in London in May. Some 250 wealthy and extremely wealthy individuals, from Google Chairman Eric Schmidt to Unilever CEO Paul Polman, gathered in a venerable castle on the Thames River to lament the fact that in today's capitalism, there is too little left over for the lower income classes. Former US President Bill Clinton found fault with the "uneven distribution of opportunity," while IMF Managing Director Christine Lagarde was critical of the numerous financial scandals. The hostess of the meeting, investor and bank heir Lynn Forester de Rothschild, said she was concerned about social cohesion, noting that citizens had "lost confidence in their governments."

It isn't necessary, of course, to attend the London conference on "inclusive capitalism" to realize that industrialized countries have a problem. When the Berlin Wall came down 25 years ago, the West's liberal economic and social order seemed on the verge of an unstoppable march of triumph. Communism had failed, politicians worldwide were singing the praises of deregulated markets and US political scientist Francis Fukuyama was invoking the "end of history."

Ah yes is this the version of capitalism where all the money ends up in the hands of a few people and they suddenly realised nobody else has got any?

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Haha.

Millionaires to the people: All this inequality is terrible.

Millionaires to the politicians: Tax my house at a rate nearer low value homes and I'll leave the country.

Scum, the lot of them. Especially the sanctimonious google/apple/microsoft crooks.

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Guest UK Debt Slave

http://www.spiegel.de/international/business/capitalism-in-crisis-amid-slow-growth-and-growing-inequality-a-998598.html

Ah yes is this the version of capitalism where all the money ends up in the hands of a few people and they suddenly realised nobody else has got any?

What they have done is to hijack the capitalist system for themselves rather than the more traditional methods employed by the left to destroy it.

http://www.eurocanadian.ca/2014/06/the-socialist-capitalist-alliance.html

http://www.eurocanadian.ca/2014/06/the-socialist-capitalist-alliance_26.html

http://www.eurocanadian.ca/2014/07/the-socialist-capitalist-alliance.html

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From the attendees mentioned it sounds like a meeting to find less obvious ways to con people and to find ways to include more people in that.

Not that they aren't a bit stealthy already in trying to do that.

Edited by billybong

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http://www.spiegel.de/international/business/capitalism-in-crisis-amid-slow-growth-and-growing-inequality-a-998598.html

Ah yes is this the version of capitalism where all the money ends up in the hands of a few people and they suddenly realised nobody else has got any?

Give them wage inflation. :rolleyes:

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What they have done is to hijack the capitalist system for themselves rather than the more traditional methods employed by the left to destroy it.

Don't worry. We just need more and bigger government, and everything will be just lovely. Because the politicians love us and are just aching to hand all that money over to us, if we only give them the power to do so.

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