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POPSSmash Capitalism and You Destroy Civilization The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built. It rests with men whether they will make the proper use of the rich treasure with which this knowledge provides them or whether they will leave it unused. But if they fail to take the best advantage of it and disregard its teachings and warnings, they will not annul economics; they will stamp out society and the human race.
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POPS “Obama’s October Revolution” The White House connection is even deeper. The protest’s main players all have ties to the Obama administration. Its primary organizer is former Obama “green-jobs czar” Van Jones. Mr. Jones is a self-avowed communist and follower of Saul Alinsky, the radical community organizer who also was Mr. Obama’s intellectual mentor. Mr. Jones said October is the month of the long-awaited “progressive offensive” — the watershed moment when students, labor unions, socialists and civil rights activists coalesce into an anti-Tea Party to blunt Middle America’s growing opposition to Mr. Obama. Occupy Wall Street also is being supported by MoveOn.org. The group was one of the first to back Mr. Obama’s presidential candidacy when he was still an obscure senator from Illinois. The protests are being funded by socialist billionaire George Soros — a key Obama ally. And the protesters are being joined by big labor, the administration’s most powerful constituency.
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POPSMainstream Economist (NOT Marxist) Says Marx Was Right!! Follow Link to the Interview video: Karl Marx had it right. At some point, Capitalism can destroy itself. You cannot keep on shifting income from labor to Capital without having an excess capacity and a lack of aggregate demand. That's what has happened. We thought that markets worked. They're not working. The individual can be rational. The firm, to survive and thrive, can push labor costs more and more down, but labor costs are someone else's income and consumption. That's why it's a self-destructive process.
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