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Monday, October 19, 2009

[mukto-mona] Death of Capitalism

Excuse me sir but when Karl Marx was alive, there was no Paper Money. The World used to have Gold Standard in those days and there were no Central Banks. Any Trading House could mint Gold Coins or Currency. He was the 1st proponent of Central Bank of State and its the 1st Commandment of Communist Manifesto now being followed by all countries of the world.
In Marx's days there were no Commerical Banks lending money to borrowers. There were no Depositors for Trading Houses or Banks or the early version of Banks.

--- On Mon, 10/19/09, Nizam Ahmad <> wrote:

Dollars, Pound, Euro are already Nationalised currencies, as socialism/communism would want, as none of them is issued by private entrepreneurs but by respective governments/central banks.


Enough money was printed, loose monetary policies, to help Marx's working class to buy consumer goods and cars to bring them to a decent middle class standard.


Few Hedge fund mavericks/speculators, or large bonuses to CEOs, are, maybe, greed but not pure capitalism.  Time now is to adopt Capitalism in its real form, e.g. the denationalisation of money, and certainly to stay away from Marx and his predictions that would make matters far worse.  


-----Original Message-----
From: SAIF Davdas [] 


In 1861, Karl Marx wrote, "Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism". Ladies and Gentlemen of the Jury, I ask you---will you find any bigger prophet of Allah than this prescient man, Hazrat Karl Marx? Unfettered capitalism? The vernacular of conspicuous consumption no longer makes sense and no longer enjoys its old popularity to a conscientious mind. How much more irresponsible a government can become? How the US Government regulators can allow this derivatives and hedge fund driven securitization of the stock market? From Dhaka to Washington, this conspicuous consumption--the anti-human, anti-reason, un-civil, crude, cruel and monstrous ego-feeding circus must end to save the mankind now. Obama alone cannot do it. We need the second coming of Maha-Atma Gaandhi to shake the worlds conscious to wake it up. The call being sent out and increasingly heard by the masses of the world at large, though not in the bastion of free market Capitalism---United States of America--that we must find a way to combine socialism with capitalism. Greatest economic thinkers stupidly did not take into their equations the incredible volatility of human greed. The chasm between the haves and havenots is becoming deep and unbridgeable all over the world. A fairer distribution of wealth is not as terrible a concept as the rich would make us believe. There are a number of European countries that have successfully made progress in that direction. Let us investigate how they did it--instead of being a bunch of blind dogmatic foolish reactionaries.


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"I disapprove of what you say, but I will defend to the death your right to say it".
               -Beatrice Hall [pseudonym: S.G. Tallentyre], 190

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