In all revolutionary cycles there lies a fundamental basis which creates these events: sudden food and fuel hikes due to bad harvests or various disruptions especially credit bubble collapses. Credit bubbles happen because of various systems revolutions. That is, when a new industry or manufacturing or labor market opens up, there is this sudden surge in profits which in turn, fuel the credit markets which need some sort of capital reserve in order to lend money. Thus, we have credit bubbles every 30-50 years. The latest one developed thanks to the opening up of one half of the world’s workers to international manufacturing exploitation coupled with the computer revolution, the latest part being the internet revolution.
Like all previous ‘revolutionary changes’ in the monetary/industrial/labor sector, the internet revolution is creating actual revolutions since the most revolutionary part of the internet happens to be how little it can be controlled by a very few people (though they are trying as hard as possible to change this!) and how it is a mass media form as it spreads across the world.
The impact of this revolutionary change in communications systems from cell phones to the internet is becoming clearer by the hour. All the photos and videos of actual physical rebellions are instantly broadcast with no filtering by rich media owners to the rest of the planet. We see in picture after picture, hands holding up cell phones to record actual events. The fact that we can now see all of this instantly is a great and wonderful thing. No one is there to explain to us what is going on and this is a good thing since most explanations by media mouthpieces are propaganda or outright lies.
China clearly illustrates how the government can’t totally close down the internet without damaging the economy severely. Every time the dictator Hu loosens restrictions on information, the Chinese rush in to use it to circumvent the government’s censors. The US media is every bit as censored as the Chinese media, perhaps even more so. The internet makes our own media owners very, very uncomfortable especially when the iron wall of misinformation about the Arab and Muslim world is breached.
On to today’s musings about how foreign events affect the US in so many ways thanks to our vast and failing empire and free trade: Foreign Investment Ebbs in India, and Questions Begin – NYTimes.com
- …earlier this week BP announced that it would buy into oil and gas fields here for $7.2 billion, which would be the largest foreign investment yet in India….Privately, business executives complain that Indian officials are adept at proclaiming their commitment to free markets but delay specific measures to ease restrictions. Doing so is politically difficult in India because many politicians, labor unions and civil society groups prefer government spending and domestic protectionism over further economic liberalization.
- In the retail industry, for instance, the country still bars foreigners from owning stores that sell more than one brand of products. That restriction, meant to protect India’s many small shopkeepers, prevents Wal-Mart, Tesco and others from selling to India’s growing consumer class. In recent months, Indian officials have sent conflicting signals about whether the government intends to ease that policy.
- At least 40,000 people took part, according to Delhi police, though organisers put the number at about 100,000. Marchers came from trade unions linked both with the opposition Communist Party and with the governing Congress Party. Many carried red Communist flags showing a hammer and sickle as they made their way down streets decorated in Communist Party posters.
The green parts of this chart are when we ran surpluses, the red is deficits. Note that the ‘services’ side during the sixties was all negative but since then, positive. It is a huge part of our trade profits. But the goods side was all in the green in the sixties and moved into the deficit side after 1975, never to see a positive number again.
This is the great destruction of all US manufacturing that has steadily destroyed jobs in the US. As unrest grows here, we shall see more and more young people enter the labor market only to discover, there are no jobs for them and they will first do the default job: drugs. Like Mexico, this will lead to armed confrontations that will grow as despair grows.
When Roosevelt became President and had huge unemployment to wrangle with, the very first thing he did was stop Prohibition so he wouldn’t have an army of booze insurrectionists fighting him tooth and nail like we see in Mexico today.
When Obama came into office, not only did he not stop the War on Drugs which is destroying the inner cities and destroying the black population who resorts to drug sales because of the lack of manufacturing jobs, he didn’t stop the wars, either. He continued everything as if nothing has changed.
We are in the middle of a Great Depression and no one has changed any courses at all. What is especially irritating is, Obama ran on ‘Change’…and then didn’t change a single, solitary thing.
This is what causes revolutions: resistance to obvious changes. In a theoretical world, you can starve people to death, give them no jobs, no hope and no security and get away with it. In the real world, there is an often violent reaction. Sensible people recognize this and curb things that will cause violent revolutions. Sane people protect everyone so they can prosper and have some happiness.
Logical people recognize there are limits on everything in the universe but not on human greed so it has to be limited in artificial ways. Letting it go run free is most dangerous as well as stupid. We also know from history that repressive, slave states might last hundreds of years but they freeze into place socially, artistically and mentally and become airless museum pieces. The best societies are dynamic, democratic and curious. This means, lots of education, open communication systems and public discourse about public and social matters.
Which is what the Web is all about, incidentally. Truly revolutionary. Truly a world forum for ideas. What an amazing thing this is.
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