b********n
发帖数: 38600 | 1 Capitalism Requires World War
http://thesaker.is/capitalism-requires-world-war/
250,000 capitalists read the Financial Times, and it has been our
undertaking, since 2010, to chronicle our understanding of capitalism via
our book The Philosophy of Capitalism. We were curious as to the underlying
nature of the system which endows us, the owners of capital, with so many
favours. The Saker has asked me to explain our somewhat crude statement ‘
Capitalism Requires World War’.
The present showdown between West, Russia and China is the culmination of a
long running saga that began with World War One. Prior to which, Capitalism
was governed by the gold standard system which was international, very solid
, with clear rules and had brought great prosperity: for banking Capital was
scarce and so allocated carefully. World War One required debt-capitalism
of the FIAT kind, a bankrupt Britain began to pass the Imperial baton to the
US, which had profited by financing the war and selling munitions.
The Weimar Republic, suffering a continuation of hostilities via economic
means, tried to inflate away its debts in 1919-1923 with disastrous results
—hyperinflation. Then, the reintroduction of the gold standard into a world
poisoned by war, reparation and debt was fated to fail and ended with a
deflationary bust in the early 1930’s and WW2.
The US government gained a lot of credibility after WW2 by outlawing
offensive war and funding many construction projects that helped transfer
private debt to the public book. The US government’s debt exploded during
the war, but it also shifted the power game away from creditors to a big
debtor that had a lot of political capital. The US used her power to define
the new rules of the monetary system at Bretton Woods in 1944 and to keep
physical hold of gold owned by other nations.
The US jacked up tax rates on the wealthy and had a period of elevated
inflation in the late 40s and into the 1950s – all of which wiped out
creditors, but also ushered in a unique middle class era in the West. The US
also reformed extraction centric institutions in Europe and Japan to make
sure an extractive-creditor class did not hobble growth, which was easy to
do because the war had wiped them out (same as in Korea). | v****d
发帖数: 2300 | | e*****s
发帖数: 7359 | 3 众筹阵营和垄断阵营大
【在 v****d 的大作中提到】
: 怎么打？阵营怎么个划分法
|
|
