Okay, so I talk about democracy over money. I talk about risk and risk-management. The video below explains why. It pulls no punches.
Corporatism is the ideology of the plutocrats. Corporatism is fascism. That's why democracy and fascism are always at odds. The video explains the network that has made our democracy (so far) worse than anemic. It has completely undermined it.
We need to clean up our environment. We need to radically reduce the risks of war, which war anywhere could escalate in a manner not expected by the plutocrats and which could get beyond their ability to contain. It could lead to total nuclear war, which would ruin everything. It would kill billions if not eventually everyone.
What good would insurance be for the average real-estate investor in that case?
To be clear, the definition of capitalism (and capitalists) used in the video is the traditional definition. Capitalists are the private owners of the means of producing goods and services for a profit to those capitalists. It is not simply those who believe in the system of capitalism: that individuals should have the right to privately control the means. Many employees of capitalists hold themselves to be capitalists simply because they believe their employer has the right to own the means and simply pay the employee for his or her work making a profit for the owner/capitalist.
Where does our mixed economy fit in? A mixed economy is a blend of private and public ownership. Where should the line be drawn? Clearly, global corporatism is running things and is ruling over us. We are not ruling ourselves. We do not live in a government serving at the pleasure of, by consent of, the electorate (yet). The government serves the plutocrats. Those plutocrats allow only as much democracy as they think will strike the balance between placating the masses and those plutocrats retaining control, wealth, and power.
The US has leaned way in the direction of plutocracy. The current political climate is swinging things more in the direction of the public side in the mixed economy debate. How much democracy will the plutocrats allow before literally creating what nobody would doubt is a police state to enforce plutocratic control? There's your immediate risk.
Abby Martin sits down with Peter Phillips, former director of Project Censored and professor of Political Sociology at Sonoma State University. His new book “Giants: The Global Power Elite” details the 17 transnational investment firms which control over $50 trillion in wealth—and how they are kept in power by their activists, facilitators and protectors.