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Zeitgeist: Moving Forward Page #6
- NOT RATED
- Year:
- 2011
- 161 min
- 807 Views
Well, he drops them!
He drops them like that. Right in one sentence.
He says, 'Well, once the introduction
of money came in by men's tacit consent
then it became... '
and he doesn't say all the provisos are canceled or erased -
but that's what happens.
So, now we have not
product and your property earned by your own labor -
There is no longer consideration
whether there is enough left over for others;
there is no longer consideration of whether it spoils
because he says money is like
silver and gold and gold can't spoil
and therefore money can't be responsible for waste...
which is ridiculous. We are not talking about money
and silver, we are talking about what its effects are.
It's one non sequitur after another.
Just the most startling
logical legerdemain that he gets away with here
but it fits the interests of capital owners.
Then Adam Smith comes along and what he adds
is the religion to this...
Locke started with God made it all this way
this is God's right
and now we get also with Smith
saying 'it's not only God's... '
well, he's not actually saying this but
this is what's happening philosophically, in principle
he's saying that 'it is not only a question of private property... '
That's all now 'presupposed'- It's Given!
And that there's 'money investors that buy labor' Given!
There's no limit to how much they can buy of other men's labor
how much they can accumulate, how much 'inequality' -
that's all given now.
And so he comes along and what his big idea is
and again it's just introduced in parentheses, in passing...
You know, when people put out goods for sale - the supply
and other people buy them - the demand and so forth
how do we have supply equaling demand
how can they come into equilibrium?
and that is one of the central notions of economics
is how do they come into equilibrium...
and he says:
it's the "Invisible Hand of the Market"that brings them into equilibrium.
So, now we have "God is actually imminent.
He just didn't give the rights to property
and all its wherewithal and its "natural rights"
regarding what Locke said...
now we have the system itself as "God".
In fact, Smith says, when he talks
and you have to read the whole of the
Wealth of Nations' to find this quote.
He says:
'the scantiness of subsistencesets limits to the reproduction of the poor
and that nature can deal with this in no other way
than elimination of their children. '
So he anticipated evolutionary theory in the worst sense...
this is well before Darwin.
And so he called them the 'Race of Laborers'.
So you can see:
there was inherent racism built-in herethere was an inherent life blindness to kill
innumerable children
and he thought:
'that's the Invisible Hand making supplymeet demand and demand meet supply. '
So, see how wise "God" is?
So you can see a lot of the really virulent
life destructive, eco-genocidal things
that are going on now have, in a way,
a 'thought gene' back in Smith too.
When we reflect on the original concept of
the so-called free market - capitalist system
as initiated by early economic philosophers
such as Adam Smith
we see that the original intent of a "market"
was based around real, tangible, life supporting goods for trade.
Adam Smith never fathomed that the most
profitable economic sector on the planet
would eventually be in the arena of financial trading
or so-called investment
gained by the movement of other money
in an arbitrary game which holds
zero productive merit to society.
Yet, regardless of Smith's intent
the door for such seemingly anomalous advents
was left wide open by one fundamental tenet of this theory:
Money is treated as a Commodity, in and of itself.
Today, in every economy of the world
regardless of the social system they claim
money is pursued for the sake of money and nothing else.
The underlying idea, which was mysteriously qualified
by Adam Smith with his religious declaration of the
'Invisible Hand'
is that the narrow, self-interested pursuit
of this fictional commodity
will somehow magically manifest
human and social well-being and progress.
The reality is that the monetary incentive interest
or what some have termed the: "Money Sequence of Value"
has now completely decoupled from the foundational
'life interest', which could be termed the
'Life Sequence of Value. '
What has happened is that there is a complete confusion
in economic doctrine
between those two sequences.
They think that the Money Sequence of Value
delivers the Life Sequence of Value
and that's why they say if more goods are sold
If GDP's rise and so forth...
there would be more enhanced well-being
and we could take the GDP as being our basic layer indicator
of social health...
Well, there you see the confusion.
It's talking about Money Sequences of Value
that is, all the receipts and all the revenues that are
derived from selling goods
and they're confusing that with life reproduction.
So, you have built right into this thing from the beginning
a complete conflation of the money
and life sequences of value.
So, we are dealing with a kind of structured delusion
which becomes more and more deadly
as the money sequence decouples from producing
anything at all.
So, it's a system disorder
and the system disorder seems to be fatal.
[Welcome to the Machine]
In society today, you seldom hear anyone speak
of the progress of their country or society
in terms of their physical well-being, state of happiness,
trust or social stability.
Rather, the measures are presented to us
through economic abstractions.
We have the gross domestic product, the consumer price index,
the value of the stock market, rates of inflation...
and so on.
But does this tell us anything of real value
as to the quality of people's lives?
No. All of these measures have to do with
the money sequence itself and nothing more.
For example, the Gross Domestic Product of a country
is a measure of the value of goods and services sold.
This measure is claimed to correlate to the
"standard of living" of a country's people.
In the United States health care accounted for over
17% of GDP in 2009
amounting to over 2.5 trillion spent.
Hence, creating a positive effect on this economic measure.
And, based on this logic
it would be even better for the US economy
if health care services increased more so...
perhaps to 3 trillion dollars... or 5 trillion
since that would create more growth
more jobs and hence boasted by economists
as a rise in their country's standard of living.
But wait a minute.
What do health care services actually represent?
That's right- the more unhealthy people there are in America
the better the economy.
Now, that is not an exaggeration or a cynical perspective.
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