Capitalism is a creature of greed, always has been, always will be.
It has one principal and one principal only........To ammas profit and to do so in perpetuity.
it relies upon an ever expanding market and will persue any avenue to increase its markets.
Global capitalism was a slick facade to hide the dirty slimeballs practices, giving them an appearance of jovial competition with the hilarious promise of the filtering down of wealth.
A Capitalist does not filter down his wealth, unless you are an auctioneer of fine art which still breaks bid records, or the builder of luxury yachts or lear jets. The only thing that expanded under the boom years of Capitalism was the size of the Capitalists bank accounts.
The Banks that are the fortifications of the system and facing a shrinking of world markets hit upon a very brilliant short term scheme to increase those markets against the failing system........ It would lend money to people that could not repay the debt, that debt was then put into a mixing bowl of other debts some good some bad and most downright criminal, stirred for a few weeks then sold those debts on to get the money back.
What a clever little blag, a bit like pyramid selling, those banks that bought bad debt sold it on, and on, and on picking up the bonusses at every dodgy deal.
These acts are as criminal as any con man activity and the perpetrators should be arrested and put on trial but no, the tax payers of the world, The working classes, as those slugs invariably avoid taxation by living in tax free havens getting sponsored tax relief etc. So when the Gravy dries up they dip into our pockets to see them carry on the lifestyle they are used to at the same time as hiking up the interests on existing loans and refusing to help those that have suffered at their hands.
If this is the best system we can live under then I welcome its demize. The way forward.
To nationalize all the Banking system, run it on a system of need not greed, provide stable low rate loans to Industry to stimulate a market that produces goods for need and for benifit. Sieze the dishonest profits of the banking moguls arrest them and bring them to trial for the missuse of the ecomomy for personnel greed and if those laws don't exist then pass them under an enabling act.
LETS SEE THEM SWEAT FOR A CHANGE......... by the way isn't it time they started throwing themselves out of high buildings?