Public Good and the Will of the Ownership Class
1December 30, 2012 by kuhiokane
Our economy, that is, the economy owned by the one percent, is no longer centered on production and consumer purchases. It is no longer a part of employment. It is increasingly centered, controlled by credit creation which, in turn, is used to create profits and income in the form of interest payments until any economic surplus and stock of property becomes obligated to debt service. ( My understanding of our economy as discussed here is provided by reading Michael Hudson, a real economist).
Like the organized criminals that they are, most big banks and their lobbyists, those who are the greatest perpetrators of fraudulent activities that have led to the extraction of trillions of dollars from the ninety-nine percent, those brokers of corruption, continue to load up the economy with debt, leaving little for