Refocus On Socialism

As each day passes, the world economic picture becomes gloomier than the day before. Because of economic dependency one nation to another, the crisis is no doubt, deeper than just our situation here at home. We’re sharing the pain left in the wake of a Global Economy gone awry. Although good intentions may have been at the heart of unlimited, and unmonitored global trade, the system has now failed, and the world is peddling uphill in an effort to lessen the blow. Also, corporate greed and fraud within various financial institutions contributed to the economic storm. The timing of events created an economic cyclone.

The reaction seems to be that of panic and wishful thinking at the same time. So far, the established line of thought is, “doing nothing would be a disaster, with consequences even harsher than the present crisis itself. The wishful thinking is that of “pouring huge amounts of money into a select group of financial institutions and banks, along with a few select corporations, will right the sinking economic ship”. Of course, money alone is not the answer, and will eventually become an addiction so strong, that the economic survival of this nation, and the world, will hinge solely on this dependency.

This “false sense” of being cured by a sudden influx of enormous amounts of capital will be short-lived. Without addressing the issues that caused the crisis, additional doses of monetary medicine will be required in order to treat the crisis, once again. This could become a perpetual treatment for the world’s economic crisis. Where will this money come from, and what strings will be attached to ensure the control and monitoring necessary to track its’ use? This is where governments, ruling bodies, come into play. Terms and conditions attached to these loans may include government ownership, partial government ownership, government rules and regulations, government over-sight, government monitoring, and in some cases, government control. Of course, we could see all of these apply, or any combination of them applied, given the right circumstances.

We’re basically looking at socialism replacing capitalism. We’re basically looking at government controlling supply and demand, corporate success or failure, employment, profits, and fair market share. The domino effect will cover unions, pension plans, medical coverage, wages, and mergers and takeovers. Publicly traded stocks will be manipulated and influenced by government favoritism, and commodity futures will be influenced and controlled by subsidies.

At this point, very few corporations and businesses have the financial resources to bounce back without the government’s help. In addition, soon, many citizens will seek help from government assistance programs. In short, the lack of jobs and our debt will force us to turn to the government for help. This dependency will create control by the government. The more that we become a suppressed people, the more control our government will have. The deeper this economic crisis becomes, the more likely desperation will steer corporate America and private citizens into the waiting arms of government. Whether we like it or want it, socialism seems to be on the horizon, here, and abroad.

And the next step after socialism is?