by Dr Jacques R. Pauwels says modern capitalism produces lots of goods but pays poor wages, so their is insufficient demand leading to low profits. War, though, makes huge profits so the elite like them. The government pays for them through taxation and by borrowing.The fact that Bush is keen on war has little or nothing to do with his psyche, but a great deal with the American economic system. This system – America’s brand of capitalism – functions first and foremost to make extremely rich Americans like the Bush “money dynasty” even richer. Without warm or cold wars, however, this system can no longer produce the expected result in the form of the ever-higher profits the moneyed and powerful of America consider as their birthright. Global Research Dr. Jacques R. Pauwels - Why
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Moving forward
Dean Baker writes Health insurance killing: Economics does have something to say
NewDealdemocrat writes Retail Real Sales
Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications
The fact that Bush is keen on war has little or nothing to do with his psyche, but a great deal with the American economic system. This system – America’s brand of capitalism – functions first and foremost to make extremely rich Americans like the Bush “money dynasty” even richer. Without warm or cold wars, however, this system can no longer produce the expected result in the form of the ever-higher profits the moneyed and powerful of America consider as their birthright.
Global Research
Dr. Jacques R. Pauwels - Why America Needs War