Capitalism Feeding on Itself

Does anybody else think “Capitalism” is killing itself?  By the looks of the following US Second Circuit court decision, it is so.  Death by a thousand self inflicted cuts.

The dissenting opinion:

“So long as they incorporate, businesses will now be free to trade in or exploit slaves, employ mercenary armies to do dirty work for despots, perform genocides or operate torture prisons for a despot’s political opponents, or engage in piracy—all without civil liability to victims.”

US Second Circuit Judge Pierre Leval

Read For US Corporations The Whole of the Law Shall Be “Do What Thou Wilt” at Jesse’s Cafe Americain blog.

I put Capitalism in quotations above.  It doesn’t exist, or maybe it never did.  At best Capitalism coexists with an increasingly bloated Corporatism.

See also The Peasants are Storming the Gate: Let Them Eat Cake?

Energy Economics India Energy Economics India Follow trivcap on Twitter

Other Options:  Click Here to Subscribe by Email or Email to a friend, share on your social network or bookmark:

Tell a Friend

About these ads

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 734 other followers

%d bloggers like this: