Using its massive foreign exchange reserves, China is poised to take control of this precious source of energy that has sparked an unending contest of who gets to be in command of this valuable resource. Interestingly, some financial and political analysts have been entertaining the scenario that China will one day use oil as a weapon. Politics inside and outside of Beijing are poised to materialize this scenario.

To show its huge bargaining power in the world market, China has helped the US ease the effects of the financial meltdown a few years back by buying the US Treasury debt. China has also showed willingness to invest in long term loan-for-oil deals in developed and developing countries. Since 2009, it was reported that Chinese banks granted about $60 billion in loans to several countries around the world. The loans were financed directly through the foreign exchange market. Three major banks of China–Export-Import Bank of China, China Development Bank, and Bank of China–have provided financial assistance to Brazil, Russia, and Kazakhstan. These three have known massive oil reserves ensuring China has several suppliers in the future. Getting supplies from many sources has played a significant role in its manufacturing capacity as seen by the volume of its exports. It also allows China to regulate its own demand for oil as necessary.

While the West has gone to the length of waging wars in the Middle East to extend their reach for oil there, China has been spending large amounts of loans to smaller, yet numerous African countries with proven oil reserves. One example is the funding of Nigeria’s state-run oil company NNPC. About $23 billion was released last year to China State Construction Engineering Corporation to build three refineries and a fuel complex for NNPC. This huge project would boost NNPC’s capacity, adding 750,000 barrels per day to its refined products. Definitely, a large chunk of this supply would be forwarded to China.

Aside from creating a steadier oil supply, this can also give China leverage in affecting oil prices in the present and in the near future. This will allow China to have a direct influence in controlling other strategic supplies such as uranium and nickel. Controlling the flow of oil in the market can be China’s biggest stick to date. That stick can turn into a weapon overtime. This situation is one of the few significant reasons why China has been spared from the crisis that affects the US and Europe right now. China aims to provide loans so that it can access the resources first hand, without having to go to the markets. China is known to have at least $2.45 trillion in foreign exchange reserves and has every intention to use it for loan-for-oil scheme.

The vulnerable Western financial markets should learn from the strategies of China. Western markets need competent and honest leadership who will focus on the issues at hand and resolve the causes of the issues. A change in the landscape of Politics might be the only chance they have.

Harvey Russell has been writing for kinds of topic for several years now. He is currently working as a full-time content writer.

Post from: AmacamA

Looking at China’s Attempt to Control Oil

When the Founding Fathers devised the Constitution in the late eighteenth century, life expectancy at birth, thanks to rampant diseases, was a mere 24 years although, depending on where one lived, it could range up to 60 in New England, 45 in the Middle Colonies and 35 in the South. Those figures are according to Encyclopedia.com.

Averaging the 3 locales, a person could expect to live 46.7 years, with a little bit of luck. Today, thanks to the marvels of modern science and medicine, Americans can reasonably expect to live well into their seventies and beyond and late eighties and nineties are no longer unusual.

There is no possible way that James Madison and the others involved in the collaborative effort of drafting the marvellous document that is the Constitution of the United States could ever have anticipated septuagenarians and octogenarians among the membership of the Supreme Court.

As sacred as the Constitution is, that situation should be remedied via an amendment if America truly wishes to have justices reflect a cross section of the American people.

If it is decided to continue having the president nominate and the Senate to give its advice and consent in confirmation, one term of ten years would be more than appropriate and reasonable.

Electing justices by popular vote is another option. Though more ticklish since it would make SCOTUS subject to the passing whims of the people, that option is still worth consideration to make the Court more representative of the electorate.

The inspiration for all of the foregoing is that the Supreme Court that will re-convene next October is horrendously misbalanced.

Assuming the confirmation of the latest nominee, Solicitor General Elena Kagan, the new court will have, as it has now, a near-perfect racial cross section of America with Clarence Thomas as a sitting justice. However, there will still be a gender imbalance with only 3 women.

As for religious balance, it will be nowhere near what the Founders envisioned and that situation should be rectified.

For the record, I happen to be a Catholic but it’s patently unfair to have two minority religions, Catholics and Jews, constituting the entire membership of the principal judicial body in America while the majority religion, Protestantism, is not represented at all.

When she is confirmed by the Senate, Kagan will become the third justice of the Jewish persuasion on SCOTUS out of a total of nine. The simplest of math says that 3 of 9 = 33 1/3% with the remaining six seats held by Catholics, or 66 2/3%. The only “problem” with those numbers is that only 2% of Americans are Jewish while 25% are Catholic and 55% are Protestants.

There’s a clear inequity on SCOTUS. Over half the country will not be represented on the highest court in the land.

Something is seriously amok with the Supreme Court and the only plausible rectification is term limits so that one particular president isn’t able to perpetuate his personal ideology for 30 years or more by stacking the Court. Even better, a one-term limit and popular election of SCOTUS justices might be the best alternatives to what we have now.

I feel certain that, under the present circumstances, the Founding Fathers would be happier with the change.

http://genelalor.com

Post from: AmacamA

Jews, Catholics and SCOTUS

Is it surprising to learn that the income tax is a Marxist idea? In 1848, Karl Marx in his Communist Manifesto listed the 10 Planks of a Communist State. After the first plank of abolishing private property, he listed the second plank as the establishment of “a heavy progressive or graduated income tax.”

The original income tax taxed the very richest Americans at 1-7% tax. Those earning less than $20,000 paid nothing. That was the equivalent of $430,707 in 2009 according to the Minneapolis Federal Reserve Bank. Even more bizarre, the IRS claims the income tax is voluntary, but every American knows the penalty for not paying is jail or heavy fines. The Treasury calls it “our voluntary tax system,” and the IRS pursues “enforcement programs to promote voluntary compliance” and establishes “strategies to maximize voluntary tax law compliance by emphasizing customer satisfaction.” Customer satisfaction! HAHAHA!

The federal government collects roughly $1,200 billion in federal income taxes and around $3,000 billion in total taxes, but “only” $67 billion is necessary to run the executive, legislative, and judicial branches, including the FBI and the federal court system. Read that again! $67 billion for the executive, legislative and judicial branches. Although life without taxes may be impossible, the federal income tax is not necessary. If the federal government would cut the overseas military empire, it could easily eliminate the federal income tax. However, the political establishment, in fact, uses the tax for social and economic change.

It is a drain on the economy, is time-consuming, confusing and frustrating for most Americans. The tax code consists of 3.4 million words and if printed would fill 7,500 pages. In 2006, the code and regulations together were 66,498 pages long. Americans spent 6.4 billion hours filing their taxes in 2006. In fact, the American “Tax Army” employs 1.2 million people. That’s more than the .9 million armed forces stationed in the United States. The estimated total cost of collecting taxes is $63 billion, just $4 billion short of funding general government and law enforcement ($67 billion)! The IRS itself employs 91,000 and will spend $11.6 billion in 2009 collecting taxes.

We americans need to stop listening to the parasitical politicians and bureaucrats and start thinking for ourselves. Why are we supporting so many troops and bases overseas? Why do we support an overseas empire? Why do we allow the federal government to intervene in the internal affairs of other nations? Why do we submit to this economic slavery? The American Colonists rebelled over miniscule taxes in comparison to our taxes. Our Founding Fathers would be shocked and ashamed of what we put up with and submit to.

“A slave is one who waits for someone to come and free him.” -Ezra Pound

About the Author

Orthodox Christian, Libertarian, World Traveler, Writer, Sovereign Individual, Sangría Drinker, Former Spanish Teacher, A Psychologically Unemployable Vagabond you can follow on Twitter, Facebook, or his blog: Libertas.

Post from: AmacamA

The Intolerable Federal Income Tax

With congressional dynamos including the late Adam Clayton Powell Jr., Rev. Floyd H. Flake and the current Ways and Mean Chair Congressman Charles Rangel. The Empire State celebrated another milestone with the ascent of Lt. Governor David Paterson, a prominent Black politician and former New York State Senator, to the governorship of New York in the wake of a scandal that ousted Eliot Spitzer.

“There is so much turmoil within the political arena at this time; but with all that’s going on there is still much to celebrate, starting with the fact that we have our first Black President,” commented Tiffany Braxton, Founder and CEO of Midnight Management, a marketing and development firm, and community advocate. “As a native New Yorker, I was extremely happy to also celebrate Governor Paterson stepping in for Eliot Spitzer. A Black man in a position of power (I thought), maybe there is still hope for us as a people after all.”

Approval ratings and anticipation was high for the first legally blind, African American governor who was seen by many to be able to work both sides of the room in Albany and get things done. White, Hispanic and Black politicians respected the governor and viewed his upfront approach as a key to “righting the ship” of the state.

Unfortunately, numerous missteps ranging from a botched senatorial nomination process and consistent communications snafus to an ever changing support team and a disconnect with that same legislative body, rendered the dream more a nightmare for New York residents. Thus, the governor’s approval rating and the view about Black politicians began to slide as the business of politics became more of a “win, lose or draw up a new game plan.”

With the mood of the country focused on democracy at all costs and the Democratic party as the flavor of the month, the power shift in Albany turned the tables to create more leadership opportunities for Black politicians in the New York State Senate and that balance of power hinged on a one vote majority.

An unsuccessful political coup that involved two Democratic State Senators shifting their vote to the Republican Party, changed the shift of power and all but shuttered New York’s political and economic process in the ensuing stalemate. Legislative initiatives and budget considerations were delayed and the efforts of the governor, who stated early on that he did not know what was going on, were futile.

“Challenge your elected officials to share their plan to get you, the constituents (the folks who elected them) out of this terrible mess we are in. But, don’t be surprised if they don’t have one,” stated Wendell Niles, a leading businessman and a Republican

Voting taxpayers rely on their elected officials and Black politicians more so than others, to always be on top of their game. Many of the Black politicians who were involved in the drama were key advisers to the governor and diminished much of the initial positive feelings that residents were beginning to have about Black politicians in key positions.

The infighting and lack of leadership was evident and the outcome, despite the shift returning to a Democratic majority and Black politicians back in prominent roles, has put a scar on the progress. Even as attempts were made by the governor and others to restore order and a sense of responsibility, the very idea is unlikely.

“As an African American with a keen interest in the political process in New York State, it is my position, whether Democrat or Republican, that our political parties exist to represent the voice and ideologies of the communities these elected officials represent,” noted Dr. David Scott, President of Clinical Research Development Associates (CRDA). “And that the fate of these basic principles should not hinge on the self-serving behavior of a few.” Headquartered in New York, CRDA is one of the few African American owned and operated clinical research sites in the country.

Adding insult to injury, these elected officials, Hispanic, White and Black politicians alike, who were not conducting the business they were elected to do, did manage to vote to continue to be paid, despite the governor’s threats to withhold their salaries.

With unemployment soaring, particularly among Blacks in New York, this was a major disappointment with ramifications likely to be felt in the next election. The fate of the New York residents, who rank high among the states that are overtaxed, was hung in the balance of a political game similar to a poker stand off that would generate no winners, but many losers and long term implications.

“My feelings have started to change, and I am not as excited about Governor Paterson as I once was. I am not as confident with regards to him making things better for us New Yorkers; it seems as if things are getting worse,” added Ms. Braxton. “His approval rating will not be at an all time high anytime soon. Can our Black politicians do what is needed for our communities? Well that depends on their agenda. They all have one, but unfortunately it’s not always in our best interest. I am watching and waiting.”

As Black politicians continue to aspire to achieve levels of success in local, state and federal offices and watch the examples being set by President Obama, it is clear that there are lessons to be learned in the game of chance that is politics.

There was a popular song that stated, “You gotta know how to hold ‘em, know when to fold ‘em, know when to walk away, and know when to run…you never count your money when you are sitting at the table, they’ll be time enough for counting up, when the dealin’s done.” Unfortunately, the dealing in politics is more serious than cards because it involves people and their hard earned tax dollars.

“The recent political coup d’ etat in Albany violated every New York citizens’ rights to a basic and fair representation defined by the laws of decency and the Constitution,” added Dr. Scott. Too long those who served as the power brokers of these precious assets did not reflect the interests or represent the diversity of their constituency.

In some places in America, that is still true, but those times are slowly changing. However, the role of Black politicians clearly has to take on a different persona than those portrayed by many of the political giants of the past who forgot who they represented. Our communities do not win with “business as usual.”

About the Author

Meta J. Mereday is a writer for Regal Black Mens Magazine For more information on this subject visit our Community Section To read about Black politicians

Post from: AmacamA

Black Politicians Face Pressure in New York

Clearly there’s something wrong with our current system. The status quo is completely unacceptable (and the status quo is exactly what the Republicans/health insurance companies are fighting for.)

Not only do 50 million Americans not have health insurance but many of those who do have health insurance are “under-insured” and because so many people depend on their job for their health insurance, they would be out of luck in a hurry if they lost their job (and due to the recession just about anyone can lose their job these days.)

Thousands of people die every year because of the faults of our current health care system and many hundreds of thousands go bankrupt. The US has a bankruptcy rate of nearly 20 times that of the UK (which has a national health care program just like every other western country in the world) and that is almost entirely because of our health care system.

At the rate things are going now, our country will be bankrupt because of the health insurance industry scam (and that’s exactly what it is, a scam.) The idea that we can continue down this road without huge reform is absolutely insane, yet that’s exactly what the Republicans want us to do.

They don’t care how many people die because they can’t afford insurance or because their health insurance company takes away their insurance when they need it most (and this happens very frequently, if this aspect was in the news more perhaps people would understand the importance of health care reform?) All they care about is if their fat cat health insurance CEO buddies can keep making millions of dollars every year at the expense of sick people.

This all leads us to why we need a “public option” included in health care reform. While a “single payer” system (true universal health care) would be ideal, I think a strong “public option” is a reasonable compromise.

It will help bring down costs while insuring many millions more people. It will help make the private insurance companies more “honest” because they’ll have some real competition.

Everyone wins with the “public option” except for the private health insurance industry. They will lose some of their profitability because they won’t be able to gouge their customers and take away their health care and all of the other dirty tricks they’ve been up. Personally, I don’t think that’s a loss!

About the Author

Jake Topp thinks it’s important to note that most doctors support health care reform. Topp believes that the public option is vital to move the country’s health care system forward although he would prefer a single payer health care system.

Post from: AmacamA

Why The US Needs A Public Option For Health Care

This isn’t quite how it works in my world. In the world I live in, employers want the best employees they can hire at the lowest prices. Business owners want to make as much money as they can and they buy labor and everything else as prudently as they can. Since most businesses have competition, they need to keep their costs low to survive.

On the other side are employees, who want to get the best possible job with the best possible salary. That makes sense too.

It’s a supply and demand equation for both sides. Employees are competing with each other for the best jobs. Employers are competing with each other for the best employees.

During the early 20th century things were so off kilter that people worked terribly long days under dangerous conditions for very little pay. The government stepped in and made some rules to set minimum standards for employees.

So within those guidelines, we have a supply and demand situation. So what’s a person entering the workforce to do? Make yourself as attractive to employers as possible. Since employers want employees who have the skills to do the job and will work hard. School can help you gain the skills and knowledge for your chosen field. Work experience, paid and/or volunteer, can help you further those skills. An employer usually looks at your school and work record as an indicator of what you’ll do in the future. Many go-getters work at part-time jobs during high school and college. Many succeed at extracurricular activities. People who have used their time to succeed at difficult challenges are likely to do the same in a new job. The more success you’ve had, the more attractive you are to a potential employer.

This young lady had a GPA of 2.7. Not bad, but you can see how employers would prefer someone with a better GPA. But that’s only part of the story. Did she have successes at part-time jobs, in extra-curricular activities, in volunteer positions? What else did she do to prove that she can and will work hard and well? She graduated at age 27. Assuming that she graduated from high school at age 18 or 19, I wonder what she did with her time since then, other than earning a four-year degree? If she used that time in a productive manner, that should be an asset in her job search. If she was content to go to spend her spare time in a non-productive way, that’s probably what she’ll continue to do. Now that she’s graduated and needs to get a job, this is where it gets tough. Finding a job is the toughest job you’ll ever have. You have to be resourceful and work hard. There’s that doggone phrase again: work hard. You have to network with everybody you know. This is where work experience can really come in handy. Did you work at a volunteer job with someone who knows people who might be hiring? Did you work as in intern in your chosen field? Employers love it when a potential employee comes recommended by someone they know. It greatly reduces their chances of hiring someone who doesn’t have the skills or work ethic to do the job. You need to scour job listings every day, apply and follow up. Social networking on the computer is the newest way to get your name out there. Sadly in this economy and tough job is even tougher. Because there are so many people applying for each job, the employers choose the best of the best and many don’t get jobs. Many people who have great college records and years of success in their chosen fields have lost their jobs and are having trouble finding work.

So she’s been out of college for 3 months, sent out resumes and made phone calls and it hasn’t worked. Instead of figuring out what else she can do, she has decided to throw in the towel and find someone else to blame.

Now that the news had picked up her story, she’s really in trouble. Who is going to want to hire this person? From what I know of the situation, I would expect her to do a mediocre job and then sue her employer for not giving her a raise.

About the Author

Coleen Bennett is a Search Optimization professional. In her spare time, she’s learning website design. Visit her website about solar panels prices and solar panels for sale.

Post from: AmacamA

The World Owes Me

That’s the opinion of one expert, who believes that even though Obama is adopting different policies than his predecessor, he is still using the same flawed decision-making backbone – and eventually – it will lead to decisions that are just as flawed.

Samuel Odunsi, author of Deep Thinking the Human Condition: New Ideas We Can’t Do Without from Human Rethink (www.humanrethink.com) believes that the current academic infrastructure that is used as the basis for all current research and data on world affairs is flawed at the core. The academic world’s motives don’t revolve as much around solving problems as they do around the perpetuation of the power base it currently enjoys, according to Odunsi.

As a result, our leaders find themselves in a repeating loop of questions without answers and problems with unattainable solutions.

“Persistent underdevelopment in the Third World and persistent poverty in the developed countries – two problems Obama promised to address – exist only because of the shortcomings of the institution whose job it is to address these issues – academia ,” Odunsi said. “If the designated problem solver had been doing his job, these troubles will not exist today. The dilemma is that we all rely on the conclusions of the academics that serve as society’s conceptual back office. If the conclusions of our conceptual back office are wrong, we, too, are wrong. Our conceptual back office has misled us all. That is the reason why these crises cannot be solved.”

This same flawed leadership explains much of the divisions between the political left and right in the U.S., Odunsi added.

“The divisions are superficial. Both sides depend on the same fundamental premises held by the academics,” he said. “This is why the political right cannot change additional minds and continues to be co-opted by the political left. The end result is that the persistent underdevelopment in the Third World and persistent poverty in the West – problems that CAN be systematically solved, have not been solved. The concrete answers, known as canon among those in the field and those attempting to address the problems in the trenches, are never heard.”

The key element that separates the problems from the solutions is the fact that rich countries are separated from the poor by virtue of culture, Odunsi explained.

“To see this logic, all we have to do is look back to how the United States was settled and grown,” he said. “We had no universities or academic experts to feed leaders data and guide policy decisions. The policy was simply, ‘Go West, young man.’ We populated the land and made it up as we went along. But now that we are rich and prosperous, the world looks to us for answers, and we look to our academics, who say, ‘Don’t do it the way we did it – use these theories that have never been applied, instead.’ If Obama is to have a chance at solving these problems, and many others, he and his team need to begin trusting those in the field, and turn their backs on the academic world who misguide our policy-makers.’”

About the Author

Odunsi has a B.A. in business from Texas State University. He resides in Texas and is a private business person not affiliated with any public or private academic institution or think tank.

Post from: AmacamA

‘Yes We Can’ Only Works With Truly New Ideas

After writing his article, “Why I Pay with Two Dollar Bills” he now responds to the obvious question with, “google: ‘Why Pay with Two Dollar Bills?’” The search leads to his article at mises.org where people can learn more about inflation, monetary policy, and the Federal Reserve System. His article is easily found on Google. It also has spread around the libertarian blog sphere as well as Facebook.

This is another example of people’s frustration with the government and the mainstream media’s failure to address fundamental issues facing the country. More than a hundred years ago, the American people were capable of discussing monetary policy. The presidential elections debated the merits of a gold standard, a silver standard or bimetallism. That is no longer true, but the minority of people who understand the Federal Reserve System’s ability to create fiat currency, giving the Federal Government the ability to continually expand, while robbing the people of their wealth through inflation is growing. Ron Paul’s bill HR1207, the Federal Reserve Transparency Act, continues to gain support despite the opposition of Congressional and Senate leadership.

Ben Bernanke, the Federal Reserve Chairman is feeling the heat. Recently he was on a PBS town meeting to defend the Federal Reserve. The Fed has also hired a public relations firm to improve its image. Articles are appearing in the Wall Street Post to defend the “independence” of the Federal Reserve from the scrutiny of Congress. As Ron Paul points out, this so called “independence” is really secrecy to continue bailing out cronies at the expense of the American citizen.

The American people are slowly waking up. If HR1207 is not passed people are going to want to know why. They will want to know why the politicians refuse to investigate such a powerful institution. If it is passed, they are going to be very angry when they find out what has been happening. The only way to keep the American people from learning the truth is to distract them. That too is a frightening thought.

About the Author

Born in Oklahoma, Raised in Texas, Studied in Mexico and Spain, Taught Spanish in Thailand, Now living in Hawai’i, Orthodox Christian, Libertarian, World Traveler, Writer, Sovereign Individual, Sangría Drinker, A Psychologically Unemployable Vagabond you can read about at Libertas.ws or follow on Facebook and Twitter.

Post from: AmacamA

Why Pay With Two Dollar Bills?

Even though President Obama campaigned on and promised greater transparency in government, and even though the American people are also demanding greater transparency in government, and even though a majority of the House has cosponsored HR 1207!, the Senate leadership continues to oppose Senator Jim DeMint’s efforts to attach it to another piece of legislation.

What is happening on Capitol Hill provides a window to to the types of arguments against real transparency and how the Federal Reserve System’s central bankers will defend their interests and status quo that enriches them so well.

A major claim is that auditing the Federal Reserve System would compromise its independence. Independence, however, means secrecy. The Fed does not want to loose it power to create and spend trillions of dollars. Nor does it want the public to realize that in so doing, it devalues every single dollar in circulation. The “independence” they defend is to make secret deals with other central banks and the “independence” to secretly bail out cronies, to the detriment of each American, and the “independence” to secretly enrich themselves. The American people should challenge this secret “independence.”

The banking elite claims that the Federal Reserve System has some kind of special intellectual power to control the Market and that the central bankers some how know what the Market needs, so we should just trust them. Yea, right. How can they know? The Market is too complex. No one can know what the Market needs except the Market. The Market sends signals, such as prices, that producers and consumers should react to and respect. No one should thwart or control price and production. Why should we believe that bankers know all and can ignore the economic laws of supply and demand? They may pretend to be the gods of finance, but their manipulation of the Market, which continuously produces the boom and bust cycles, shows them to be the false gods that they really are.

They also claim that the Federal Reserve System must remain above politics. However, no organization is apolitical when the President appoints the Federal Reserve Chairman. It is instead in danger of the worst kind of politics. The ability to counterfeit, er, I mean create, trillions of dollars and thus devalue every dollar without any accountability of direct elections or meaningful oversight is the best kind of political freedom, that is for the central bankers. With its immense power, the Fed typically will enact monetary policy favorable to a particular candidate near an election, ignoring the potential danger to the future economy. Why would they do this? The incentive is who gains the Chairmanship of the Federal Reserve.

Congress is ultimately responsible for the Federal Reserve, which granted its charter in 1913 and can revoke it any time. Congress has the Constitutional duty to protect the value of the money. Hoping to get a free pass for deficit spending, Congress has relinquished its responsibilities. Congress must take back its Constitutional duty to coin money found in Article 1 Section 8 of the Constitution. That Congress is finally looking at the issue is encouraging; that it has taken so long and has had to take an economic disaster for Congress to do so, is disgraceful.

About the Author

Born in Oklahoma, Raised in Texas, Studied in Mexico and Spain, Taught Spanish in Thailand, Now living in Hawai’i, Orthodox Christian, Libertarian, World Traveler, Writer, Sovereign Individual, Sangría Drinker, A Psychologically Unemployable Vagabond you can read about at Libertas.ws or follow on Facebook and Twitter.

Post from: AmacamA

The Federal Reserve Transparency Act Continues To Gain Ground

“…wealth never can come in but by the produce of labour going out…” –James Steuart, “The Principles of Political Economy,” 1767, Book 1, Chapter 14

“… the strongest and most industrious majority, which supports the whole society.” –Leo Tolstoy, “To the Tsar and His Assistants,” 1901.

“Every thing in the world is purchased by labour…” –David Hume, “Of Commerce,” 1752.

All wealth is the product of labor. But we are living in a world where the laborers do not own the wealth they create. Instead, we are living on a planet where the few, idle Capitalists own the majority of wealth.

We the workers are responsible for all wealth. But we are completely excluded from owning or managing this wealth. We aren’t allowed to direct how the means of production are organized, or what they’re organized for. We aren’t allowed to receive the whole product of our labor, since a Capitalist exploits us to support their opulent luxury. From the hours we work to the products available on the market — nobody consults the creators of wealth on how productive property should be organized and directed.

There are some who argue that workers alone aren’t responsible for all wealth. They’ll say that workers need machinery and land, provided by the Capitalist, to labor and create wealth. These people forget that the machinery was made by the workers — and the land, itself, was made useful by the workers. These aren’t things “added” by the Capitalist; they are things exploited out of their natural creators — the working class. It is similar with innovation, where companies steal technologies created by their employees — from the earliest machinery to Nikola Tesla’s automobile engine.

Everything is society is created by the workers. Why, then, is it that the workers are the least benefitted from this wealth? It is because of the Capitalist system! If workers were to manage the businesses themselves, they could organize the industries for the benefit of all. Instead, we are living in society where businesses are managed by the few — so, they only benefit the few.

http://www.punkerslut.com

Punkerslut,

About the Author

Punkerslut (or Andy Carloff) has traveled all across the United States and has experience American life in the urban centers, as a homeless squatter and as a blue-collar, working-class laborer. His positions are ultra-leftist: politically an Anarchist, economically a Socialist, and culturally a Syndicalist. His writings are available through his website: www.punkerslut.com

Post from: AmacamA

Where Does Society’s Wealth Come From?