Friday, March 13, 2009

Capitalism for the poor, socialism for the rich."Do as I say, no as I do."

This passage from the editorial in the major newspaper of the Caribbean "Jamaica Observer" illustrates how the institutions of free trade give us recipes that rich countries do not apply, on the contrary: nationalized, and legislate measures to protect social security and health of open content socialist, for the entire population, including strategic industries and small businesses. The policies being implemented in the Caribbean, eventually, all the money concentrated in elite ruling class dependent on foreign powers and, as seen in practice, only represent less than 1% of the population. This phenomenon, inherited from slavery, is the source of most social and class struggle in most small and poor country subject to climate change and the ravages of a global economic crisis will last at least five more years. Gualterio Nunez Estrada, Sarasota, Florida.


Wednesday, March 11, 2009. Editorial. "Jamaican Observer"
http://www.jamaicaobserver.com/editorial/html/20090310T200000-0500_147358_OBS_CAPITALISM_FOR_THE_POOR__SOCIALISM_FOR_THE_RICH.asp


"(...) ,the polar opposite treatment of General Motors and Air Jamaica reflects the differing financial capacities of the respective governments.(USA AND JAMAICA) The point is that the starting premise is different. In one case,(GM) the stance is that the enterprise is so important that the Government must find a way to save it, while in the other case("Air Jamaica") the starting premise is that it cannot be salvaged and must be sold.("privatization")
Free market capitalism for the developing countries
and something akin to socialism for the rich. This disingenuous duality is a long-standing practice. Most notably,
those who developed by protectionism are the quickest to advocate free trade. Those who advocate foreign investment prevent it in any sector that can be described as important to national security. Those who subsidise their farmers call for the removal of barriers to agricultural trade. Do as I say, not as I do."

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