Capitalism declares, 'tis but a flesh wound'
After losing their precious triple A rated credit, the US market fell over, fell over again, fell over gain, made a brief rally and then fell over again. Apparently corporate greed and hyper consumerism isn't actually economically sustainable, who woulda thunk it?
Whanau, I've pointed out since the collapse of 2008 that we were heading towards a double dip recession and that this was a crises OF capitalism in the same way that the 1929 stock market collapse was a crises OF capitalism and that all this talk that we were through the worst of the recession was as vacant as John Key's optimism, just this week the oracles of the rich were declaring that next year NZ would only have 5% unemployment.
Really? These oracles of the rich promising us butterflies and rainbows are like a dealer trying to sell you your next hit of consumer confidence so you won't feel as poor as you actually are.
Seeing as Paula Bennett is simply throwing people off welfare because the new guidelines National are using make getting a benefit more and more difficult, I wouldn't be surprised if unemployment drops to 1% by next year. Note the majority of these beneficiaries don't have jobs, they are just being culled regardless. We are camouflaging our poor by making them invisible to official stats by ruling out their eligibility, that doesn't mean NZers are doing well, that just means National are becoming better at hiding our social inequality.
Sadly the mainstream media are never allowed to mention the word Capitalism as news producers believe the mere mention is too intellectually challenging to their audience and will have them all immediately flicking over to the E channel, so there can't be any discussion about the impending collapse of the system they have such a vested interest in meaning ANY suggestion that the growth uber alles mentality of consumer capitalism is simply not sustainable and that we need to tax rich people more is met with the sort of response that admitting you enjoy sex with animals does at Ponsonby dinner parties.