Thursday, October 30, 2008

So stupid...

I like to complain and point out faults/holes in everything.  

That being said, Gail Shea becoming the minister of Fisheries and Oceans is ridiculous.  I've heard the argument that this is great because she 'grew up in a fishing family'.  Oh really?  Wow... that... doesn't matter?  How about someone who is an expert in oceanography, marine biology or even something like the economics of the fishing industry.  All of the cabinet members are just people, not specialized in anything.  I surmise that the reason there aren't highly educated specialists in politics is because highly educated people are too smart to fall into the peanut gallery that is our 'democratic system'.  

In a semi-related story, it seems barely anyone knows what's wrong with the American/Canadian/some European economies.  The problem wasn't mismanagement, or ludicrous salaries (though those are related to the problem): the problem is capitalism.  I'll freely admit that before this economic downturn I didn't pay attention to, nor know anything about economics.  Since this issue is all over the place I've been reading up (and we talk about it constantly in my radical philosophy class).  The more I read, the more I see that capitalism, the way we use the term, is doomed to fail.  Ever increasing productivity (and therefore profit) without ever increasing wages to follow suite causes people to borrow (from the people who are making the excess profit, at that).  These top few make more and more, the rest make the same, or slightly less while their debt grows and grows; doesn't take a PhD in economics to see that this is going to fail.  The problem lies in the workers not having a say in the companies they are a part of; obviously the fate of the worker is not a high priority with the omni-evil board of directors.  The answer is communism; Google does it, many other silicon valley giants do it, hell, my brother's business (silverorange) does it and all these examples show the success of such a system.  

Another cause of this teetering of this poorly engineered giant is the freedom given to the banks; the banks don't have a 100% reserve requirement for the loans they give out... are you fucking kidding me?

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