In-depth and insightful, well worth the read.
Originally posted on Philosophers for Change:
by Steven Miller
Capitalism in the 21st Century is no longer based largely on profits resulting from a real economy productive process, windfall financial gains are acquired through large scale speculative operations, without the occurrence of real economy activity, at the touch of a mouse button. — Michel Chussodovsky
There are decisive moments in the history of capitalism when one form of wealth, one kind of property, becomes the most lucrative. The capitalists that control this property often become the dominant sector of the capitalist class and take control of the state, dictating policy to society. Marx writes, “The executive of the modern State is but a committee for managing the common affairs of the whole bourgeoisie.” 
The ruling class: call them the 1%, call them capitalists – who commonly wage war against itself to seize markets and articulate the strategic view that makes the most profit, especially for…
View original 5,707 more words