Saturday, February 4, 2012

Alienation Goes Global: Third World Capitalism

'Unfettered free market capitalism does not work! It is an outmoded socio-economic order that systemically fails the middle-to-the-bottom classes. The Council of Foreign Relations published a paper, “The Evolving Structure of the American Economy and the Employment Challenge” March 2011, arguing that free-market solutions do not work. Likewise, the World Bank issued a report in 2011, stating: “… countries must develop more legitimate, accountable and capable national institutions that provide citizen security, justice, and jobs.” And the IMF weighed in within the past year in a paper entitled, “Inequality, Leverage and Crisis,” stating extreme inequality between workers and rich was a reason for the current Great Recession and suggests radical changes in tax systems and debt relief for workers. The majestic temples of capitalism get it!'



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