(no subject)

[johnny9fingers]

Another goodie showing the pervasive evil of the late capitalist system:

http://www.guardian.co.uk/china/story/0,,2106336,00.html?gusrc=rss&feed=12

If the Chinese think market forces are too strong to resist in this case, then....bye-bye oil reserves, bye-bye trying to keep a lid on climate change....The market, the market will decide. Not any moral sense we have, not any idea of enlightened self interest, nor an idea of protecting ourselves, and certainly not any rational analysis of our situation.

I notice that the marketplace can bow to China's need to control information.

I'm beginning to hope the crash takes out all of the economists, accountants, bankers and business people, and anyone who has ever parroted the insanity that the market is/was the only and absolute arbiter of change.
The unfettered marketplace has no brakes.

The runaway train ran down the tracks.....
I'm going to have such fun saying I told you so.

Comments

2p's worth

[ankh156.livejournal.com]

I've always thought that capilaism's submission to market forces introduces an nefarious element of pure (and dangerous) anarchy into human life. What happens in stock markets is that people run from one commodity to another like a herd of panicked animals. If this is the model from which we apply value to things, then where's the morality in that ? Answer : there isn't any. That's why arms dealers have the most lucrative market of all. I have my doubts about 'political control of economy' (soviet style), but this won't do either. Freedom ? Tyranny of knee-jerk-panic more like. It's my definition of 'going to hell in a handcart' - which is what's happening.

Probably best if we do all get wiped out.

Re: 2p's worth

[tripinthehead33.livejournal.com]

Probably best if we do all get wiped out.

Indeed.