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POPE FRANCIS’S HOLY WAR ON CRONY FREE-MARKET CAPITALISM

POPE FRANCIS’S HOLY WAR ON CRONY FREE-MARKET CAPITALISM

Pope Francis’s ‘holy war’ on capitalism and toxic inequality by Paul Farrell, Market Watch Nov 11, 2014

POPE - END TRICKLE DOWN

Pope Francis = “God continues to talk to us today through the poor.”

Pope Francis = Critique of Capitalism “thou shalt not” have an economy of exclusion and inequality = NO to an economy that kills = Elderly homeless person dies of exposure — Food is thrown away while people are starving?

Pope Francis = Today everything comes under the laws of competition and the survival of the fittest = Only the powerful survive. 50% of World’s population lives on less than $2.50 per day = Masses of people are excluded + Marginalized without the means to survive.

Pope Francis = Says trickle-down theories are lies and never trickle in free market capitalism = Produce even greater injustice and exclusivion.

Pope Francis = Free-Market Capitalism is a massive failure = Confirmed by the facts = A crude and naïve trust in the goodness of Super-Rich wielding economic power = FAILED and produces massive inequality = USA #1 in Wealth and Income Inequality = With Billions living in poverty while a thousand or so enjoy unheard of RICHES living off slave labor and exploitation.

Pope Francis = We must end our reliance on out of control free-market exploitive capitalism and financial speculation. End the hidden Tyranny of GREED.

Click for Source Article by Paul Farrell on MarketWatch

POPE = Fortune magazine ranks him first among the “World’s 50 Greatest Leaders.”

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ONE OF THE CRONY CAPITALISM LIES!

 

POPE = Anticapitalist + Anticonservative = Ideological war BIG OIL + GOP + USA SENATE’S rigged political arena.

Big picture: Economics trumps as Lurking in the shadows is a new crash = Hidden under irrational exuberance = $10 Trillions in losses as again bulls and optimists, traders and leaders fall into denialism.

GOP Boehner-McConnell talk big but their anxious = GOP is sitting on the shifting tar sands of Big Oil cash threatened by higher costs, long-term risks.

GOP = Climate disasters will bury the GOP’s aggressive energy agenda.

POPE = Celebrating one-year anniversary since laying down his anticapitalism manifesto for his army of 1.2 billion Catholics worldwide.

POPE = Removing conservative cardinals and bishops from leadership roles.

POPE = Hell-bent on changing the world fast following his unwavering and unequivocal mandate of clear moral and political battle lines against repressive capitalism, excessive consumerism, rigid conservatism.

POPE = “Inequality is the root of social ills … as long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world’s problems or, for that matter, to any problems.”

POPE = Declaration of “HOLY WAR” against self-destructive amoral atheistic capitalism = Target economic inequality as the world’s No. 1 problem = Capitalism is at Center as the POPE speaks with a powerful moral authority.

FACT: American Political Leaders = HAVE ZERO MORAL AUTHORITY = SOLD OUT TO AIPAC-WALL STREET-BIG OIL-BILLIONAIRES = Atheist novelist Ayn Rand = Patron saint of the GOP’s crony capitalist agenda.

POPE = In Moral war GOP is no match for Francis’ vision or principled mandate to raise the world’s billions out of poverty and eliminate inequality by attacking capitalist markets and political system.

POPE = Has the resources as commander-in-chief of 1.2 billion Catholics worldwide who are motivated to defeat capitalism’s grip on inequality + 450,000 priests and deacons = All sworn to carry out his vision without legislative approvals = Authority to act unilaterally, with speed.

POPE’S 10 commandments in war against Inequality and capitalism

One short year ago Pope Francis laid down his anticapitalism agenda and Mitch McConnell probably hasn’t even read it yet and its 10 economic commandments that define the specific strategies (extracted from his 67-page manifesto) GOP leaders, will face for years, long after McConnell’s tenure:

1. Solve economic inequality fast … or capitalism dooms whole world = “Inequality is the root of social ills … as long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world’s problems or, for that matter, to any problems.”

2. Never trust the greedy Invisible Hand of free-market capitalists = “We can no longer trust in the unseen forces and the ‘invisible hand’ of the market. Growth in justice requires more than economic growth … a better distribution of income … The economy can no longer turn to remedies … such as attempting to increase profits by reducing the work force and thereby adding to the ranks of the excluded.”

3. Trickle-down economic ideology of the Super Rich is massive hoax = Some “continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. … a crude and naïve trust in the goodness of those wielding economic power … the culture of prosperity deadens us.”

4. New tyranny of capitalism gets rich stealing from the public = “While the earnings of a (very small) minority are growing exponentially, so too is the gap separating the majority from the prosperity enjoyed by those happy few. This imbalance is the result of ideologies which defend the absolute autonomy of the marketplace and financial speculation, and reject the right of states charged with vigilance for the common good. … A new tyranny … unilaterally and relentlessly imposes its own laws and rules.”

5. The new Golden Calf Idolatry is capitalism’s worship of money = “Money must serve, not rule … The current financial crisis can make us overlook the fact that it originated in a profound human crisis: the denial of the primacy of the human person! … The worship of the ancient golden calf has returned in a new and ruthless guise in the idolatry of money … lacking a truly human purpose.”

6. Capitalism fuels excessive consumerism, undermining social morals = “Today’s economic mechanisms promote inordinate consumption, yet it is evident that unbridled consumerism combined with inequality proves doubly damaging to the social fabric. … Inequality eventually engenders a violence … new and more serious conflicts. Some … blaming the poor and the poorer countries themselves for their troubles … more exasperating … widespread and deeply rooted corruption found in many countries … businesses … institutions.”

7. Obsessive competition to amass personal wealth destroys democracy = “Today everything comes under the laws of competition and the survival of the fittest, where the powerful feed upon the powerless … masses of people find themselves excluded and marginalized: without work, without possibilities, without any means of escape. … Such an economy kills … it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?”

8. Capitalists treats humans as leftovers in their throwaway world = “Human beings are themselves considered consumer goods to be used and then discarded. We have created a ‘throw away’ culture which is now spreading. It is no longer simply about exploitation and oppression, but something new. … those excluded are no longer society’s underside … no longer even a part of it. … but the outcast, the ‘leftovers’.”

9. Extreme conservative individualism is killing democracy worldwide = “In a culture where each person wants to be bearer of his or her own subjective truth, it becomes difficult for citizens to devise a common plan which transcends individual gain and personal ambitions. … freed from those unworthy chains and to attain a way of living and thinking which is more humane, noble and fruitful, and which will bring dignity to their presence on this earth.”

10. Capitalism rejects God, morality, ethics … loves total anarchy of money = “Behind this attitude lurks a rejection of ethics and a rejection of God. … condemns the manipulation and debasement of the person. … ethics leads to a God who calls for a committed response which is outside the categories of the marketplace. … makes it possible to bring about balance and a more humane social order.”

 

BROADCAST THESE IDEAS TO friends, your kids, grandkids, everyone — Nobody’s on the sidelines in this new “Holy War.” Post the 10 new economic commandments on social media, tweet, retweet, let others know where you stand. The Pope’s 10 economic commandments can save the world, save capitalists, save conservatives, save democracy … yes, hope does spring eternal.

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PRIVATIZATION = MASSIVE SCAMS = EXAMPLE = PRISONS DEPEND ON SLAVE LABOR

PRIVATIZATION = MASSIVE SCAMS = EXAMPLE = PRISONS DEPEND ON SLAVE LABOR

California: If We Empty The Prisons, We Lose Our Cheap Labor by Susie Madrak November 18, 2014

Click for Source Article by Susie Madrak on Crooks and Liars

A three-judge federal panel ordered California to expand an early parole program.

PRIVATIZATION = What we get when we run (and fund) previously public institutions as for-profit entities = Creates A MONSTER with some really twisted incentives that FUND TAX CUTS FOR THE SUPER-RICH CROOKS, BY stripping public funding to a minimum:

Out of California’s years-long litigation over reducing the population of prisons deemed unconstitutionally overcrowded by the U.S. Supreme Court in 2010, another obstacle to addressing the U.S. epidemic of mass incarceration has emerged: The utility of cheap prison SLAVE labor.

In recent filings, lawyers for the state have resisted court orders that they expand parole programs, reasoning not that releasing inmates early is logistically impossible or would threaten public safety, but instead that prisons won’t have enough minimum security inmates left to perform inmate jobs – CHEAP SLAVE LABOR.

The debate culminated Friday, when a three-judge federal panel ordered California to expand an early parole program. California now has no choice but to broaden a program known as 2-for-1 credits that gives inmates who meet certain milestones the opportunity to have their sentences reduced.

California’s objections raise troubling questions about whether prison SLAVE labor creates perverse incentives to keep inmates in prison even when they don’t need to be there.

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REPUBLICANS = COULD CHANGE AND PERHAPS SURVIVE

REPUBLICANS = COULD CHANGE AND PERHAPS SURVIVE

A Republican agenda that could win nationally by Chris Ladd Nov 11, 2014 in Houstn Chronical

Click for Source Article by Conservative Chris Ladd in the Houston Chronicle

CONSERVATIVE VIEWS IN HOUSTON CHRONICLE:

CONSERVATIVE DEFINED

BILLIONAIRES = Greed and Arrogance = Corruption in business and politics

BILLIONAIRES = Produce a very unhealthy condition of Irritation in the popular mind — Teddy Roosevelt, 1906

Republicans = Forgot what it means to protect their Heart of Commerce.

Republicans = Swamped in an accelerating world of fear often dipping into paranoia.

Republicans = Won an election on the power of paranoia, but they refuse to govern.

SAVE THE GOP = That can thrive in these conditions = Refocus on a simple core value = All AMERICANS have a fair opportunity to develop, capitalize and reap the rewards of our talents and efforts in the marketplace.

Republicans = Do NOT guarantee outcomes = We leverage every ounce of our energy to pry open and hold open the gates of opportunity. = Commitment to free markets = Adam Smith repeatedly warned of the dangerous tendency of unrestrained markets to descend into monopoly + corruption + Then collapse. = Requires constant, careful regulation.

Republicans MISTAKES = So little regulation a few powerful people pervert Markets entirely = Destroyed the those markets rewarding merit and effort.

Republicans MISTAKES = Destroyed Markets under weak-inept government.

Republicans MISTAKES = Reward criminal and powerful interests with Government Welfare, TAX dodges, and legalized criminal ANTI-COMPETITIVE INSIDER Scams and related activities.

Republicans MISTAKES = Tied governments hands to prevent White-Collar justice being served + Violently stole the labor and resources of an enslaved people.

Republicans MISTAKES = VIEWS government and regulation as our enemy and the enemy of markets.

FACT: Americans are pessimistic as they see profits and the market at NEW HIGHS yet MOST Americans SHARE NONE OF THOSE BENEFITS as USA is RANKED #1 in WEALTH and INCOME INEQUALITY in the developed world.

FACT: Unemployment is approaching Reagan-era lows nut the JOBS DON’T PAY A LIVING WAGE

Republicans MISTAKES = GOP has PROPAGATED the ending of the USA the middle class as we knew it.

Republicans MISTAKES = Encouraged concentrated power, wealth and opportunity in fewer and fewer hands.

Republicans MISTAKES = Continue to peddle 20th century solutions that have NO relevance to today’s problems.

100 Years Ago Republicans = Were in vanguard of constructive efforts to use government to protect the integrity of markets.

Teddy Roosevelt and Taft = Regulate child labor + Broke down Monopolies + Led the fight against lynching + Supported women’s right to vote + Pressed for Federal laws mandating equal pay for women + Passed the nation’s first conservation and environmental protection laws + Created the Environmental Protection Agency + Nixon set a Federal minimum income + Laws to protect workers from dangerous and exploitative conditions.

GOP Challenges = Same commitment to limited but intelligent government holds the key to solving them + Open our minds to honestly look at today’s inconvenient realities all around us — Changing demographics and massive inequality of opportunity and income.

Health care – Americans increasingly understand, there can be no free, just access to markets so long as a simple illness can destroy everything one has earned.

Cultural values – Human and human values are too precious to be commoditized. Place Human factors and principles above PROFIT!

Authoritarian imposition of sectarian religious values on people = Fails everytime. Must be replaced with compassion, facts, evidence, and the pursuit of humane values that are vastly more successful.

Safety net – America today generates more profit than ever before with less demand for labor than ever before. Many people lack the family resources to support years of fantastically expensive HIGHER education + Years of career experimentation + Economic jolts of unplanned career changes = Rewards of this new economy are simply out of reach.

Safety net – To hold open the doors of opportunity for everyone, regardless of poor luck, illness, or other disadvantage.

GOP MISTAKE = Demonizing the poor

Safety net = Refocus greater investment to accessing the bottom rungs of the economic ladder — HELP GET A LEG UP + REDUCE DEBTS OF OUT YOUNG.

Safety net = Shift away from the welfare state (mostly going to the SUPER-RICH) toward a minimum income = Proposed by Nixon era Republicans

FACT: Climate change is real = Driven by human carbon emissions.

GOP MISTAKES = Ignores Climate Change that is a threat to civilization unmatched by any challenge we have ever confronted. Denial is a humiliating scandal that undermines our credibility on every other issue.

NEW GOP GOAL: Be on the leading edge of carbon reduction and climate mitigation strategies that preserve the influence of market forces and preserve the potential of carbon reduction technology to stimulate prosperity and employment.

FACT: Markets bring freedom and prosperity

FACT: NO organized National Military offers a meaningful challenge to USA Security.

GOP MISTAKES = Subvert markets with foreign violence has DESTROYED MARKETS and our goals = Cannot be tolerated = Violates the spread of our values of freedom and prosperity abroad and creates chaos that destroys markets. Chaos more than any organized deliberate enemy threatens us.

NEW GOP GOAL: America should use its influence and resources to build peace and prosperity and tackle the civilian challenges. Imagine if we poured our energy and resources into the Peace Corps at the same level we devote to the military + those resources are combined with the resources and talents of other free nations.

Immigration – An tremendous asset throughout our history = One of the greatest drivers of our success is our constant influx of ambitious new immigrants.

GOP MISTAKES = Depressingly self-defeating history is our consistent fear and suspicion of these CRITICALLY IMPORTANT new arrivals. + Current immigration policy makes LEGAL immigration into the US nearly impossible for most — Costing us and our economy enormously.

GOP MISTAKES = Counter-productive fear of cultural changes new migrants bring hobble our efforts to incorporate these new neighbors and open the doors of opportunity to their contributions.

NEW GOP GOAL: As the party of commerce our natural allies are immigrants who must have a path to legalization and full integration including their productivity = New, rational, enforceable laws for orderly, legal immigration.

FACT: Drug prohibition – Drug War and Prohibition = A catastrophic failure costing $Trillions and damaging or destroys many MILLIONS OF LIVES.

NEW GOP GOAL = Remove prohibition and make more intelligent laws to minimize the impacts of addiction.

GOP MISTAKES = TAX CODE REWARDS THOSE WHO HURT OUR COUNTRY AND OUR ECONOMY by rewarding those who dodge their tax obligations = Big Corporations pay NEAR ZERO TAXES and MANY actually pay NEGATIVE TAXES via $BILLIONS or at least $Millions in incentives.

NEW GOP GOAL: Remove most of the TAX DODGES and MOST of the 14,000 LOOPHOLES that CPAs and Tax Attorneys INSTILLED in the TAX CODE. STOP $BILLIONAIRE hedge fund managers who in many cases are EXTRACTING FROM OUR ECONOMY (no productive activity) earn $ Billion or at least $10s of Million while paying taxes HALF THE TAX of MOST Americans (capital gains rate).

NEW GOP GOAL: End tax breaks for 2nd, 3rd, 4th, 5th….MULTIPLE-Homeowners — $BILLIONAIRES AND BANKSTERS who live a few dats at most in each home — Many in foreign lands. = Significantly greater Benefits than we spend on food stamps each year.

NEW GOP GOAL = END Tax Exceptions, exemptions, loopholes and their accompanying complexity = Invitation to mischief and Fraud = A punishment to honest taxpayers = EMPLOYS SPECIALIZED TAX CHEATERS.

FACT: None of these goals are on currently part of the Republican policy agenda.

Republican hero Teddy Roosevelt and many in GOP up to Eisenhower recognized that restraining the excesses and failures of capitalism is essential to preserving the power of markets. + Commerce depends on competition, and competition is weakened when fewer and fewer of us are allowed in the ring.

SAD FACT: These policy shifts are essential to Republican survival = But current GOP reality has NO coherent, practical vision other than DENYING CHANGE to the STATUS QUO.

FACT: For GOP to survive Republicans must collectively gather the courage to participate in a world of facts and rejoin the debate over America’s future with eyes wide open AND be in a position to help lead the way toward a wealthier, freer, most just America.

The way is open, at least for now, if we are ready to take it.

“No society can surely be flourishing and happy, of which the greater part of the members are poor and miserable. It is but equity, besides, that they who feed, clothe and lodge the whole body of the people, should have such a share of the produce of their own labour as to be themselves tolerably well fed, clothed, and lodged.”

— Adam Smith, The Wealth of Nations, Book 1, Ch. VIII

FACT: 100% OF USA SENATE = AIPAC-WALL STREET-BILLIONAIRE-BIG OIL OWNED AND OPERATED