The present economic crisis, however, has convinced even some prominent free-marketeers that something is gravely amiss. Truth be told, capitalism has yet to come to terms with several historical forces that cause it endless trouble: democracy, prosperity, and capitalism itself, the very entities that capitalist rulers claim to be fostering.
Capitalism's Self-inflicted Apocalypse - 0 views
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Some eighty years ago Supreme Court Justice Louis Brandeis commented, “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” Moneyed interests have been opponents not proponents of democracy.
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In the early days of the Republic the rich and well-born imposed property qualifications for voting and officeholding. They opposed the direct election of candidates (note, their Electoral College is still with us). And for decades they resisted extending the franchise to less favored groups such as propertyless working men, immigrants, racial minorities, and women.
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The root cause of war is oligarchic capitalism | Middle East Eye - 0 views
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After World War Two, Britain and the USA pressured the United Nations into confiscating Arab land to form the state of Israel, making the Arabs pay for the crimes of the Germans. In addition to providing a nation for the Jews, Israel would be a forward base for Western economic and military power in the Middle East. To the Arabs it was another European invasion of their territory.
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In the early 1950s, the USA and Britain overthrew the government of Iran because it tried to nationalise its oil industry, which was under Western control.
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In the mid-1950s, Egypt decided to nationalise the Suez Canal and use the income from it to help their people out of poverty. They were willing to pay its British and French owners the full market value for their shares, but Western governments and Israel responded violently, invading and bombing Egypt into submission.
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