Comments on: Socialism, Revolution and Capitalist Dialectics

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By: MIKE

MIKE — Fri, 16 Sep 2011 21:39:39 +0000

“The capitalist dialectic in simple terms can be seen as the mirror image of the Marxist dialectic”. you are right

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By: Is Cuba Going to Join the World Economic System? « Economia Cubana

Is Cuba Going to Join the World Economic System? « Economia Cubana — Sat, 11 Sep 2010 12:53:32 +0000

[...] [1] K R Bolton, “Socialism, Revolution, and Capitalist Dialectics,” Foreign Policy Journal, May 4, 2010, http://www.foreignpolicyjournal.com/2010/05/04/socialism-revolution-and-capitalist-dialectics/ [...]

By: Is Cuba Going to Join the World Economic System? « Human Rights in Cuba

Is Cuba Going to Join the World Economic System? « Human Rights in Cuba — Sat, 11 Sep 2010 12:36:40 +0000

By: humanist

humanist — Tue, 18 May 2010 22:10:54 +0000

The capitalist dictatorship is determined to overthrow anything that is different/better than its own system be it political, social, economic or moral. The examples provided by you are very apt. We are forced to live in a world of illusion. Anything apart from capitalism is forbidden and must be maligned and if necessary crushed with force.

There seriously is a need for activism and increasing awareness. Writing will not just solve our problems and bring the world closer. People of Greece are tasting something what people of third world countries in Asia, Africa and Latin America have been facing for centuries. It’s time we tear down the capitalist dictatorship and bring a new system in which people’s power is truly represented. Sounds communism but it was no different from capitalist system, as described by the writer in this article.

By: Martin Green

Martin Green — Tue, 18 May 2010 20:56:12 +0000

It is so depressing to see so little discussion of the alternative financial system so well expoused by KR Bolton. Clearly the attempts by Chavez, in particular, and Morales in Latin America are not reported for geo-political/ idealogical reasons. Why not have a UK bank based on lending citizens/ business funds at reasonable or zero interest with profits used for the ‘public good’. The competition, so lauded by the neo-liberal elite, would surely encourage the likes of Barclays, Lloyds,RBS, etc. to get their houses in order!

By: Kanan48

Kanan48 — Sat, 08 May 2010 04:31:15 +0000

Thanks to you and Foreign Policy journal.

By: K R Bolton

K R Bolton — Sat, 08 May 2010 03:29:51 +0000

Kanan48,
Thanks for posting the article onto your website. Encouraging…
I read with interest your article on debt in Greece, that being the abode of my colleague Dr Dimitris Michalopoulos of the Academy of Social and Political Research.
My suggestion – rather obvious – but which seems to be overlooked, is that the foundation of debt is the debt-finance system, and one tackles the symptoms by dealing with the cause.
I have been writing lately on this question: which basically is that if private banks can create credit as a profit making commodity (i.e. usury) why can’t states do it as a non-usurous means of exchange?
The New Zealand Labour government solved unemployment in the 1930s by issuing 1% state credit through the Reserve Bank to fund a giant public housing scheme. Canada used state credit from World War II until the mid 1970s. Lincoln did it with Greenbacks, Kennedy with US Notes that bypassed the Federal Reserve System; Guernsey Island since the 19th Century issued its own credit when it was destitute and bankrupt and continues to have its own credit. Germany achieved recovery prior to rearmament by the same method, and Japan did as well; where Maj. C H Douglas, who formulated Social Credit theory, toured and was enthusiastically received.
It was the doctrine fo the Church for centuries and is still the basis of Islamic banking. The most succinct pamphlets on the subject were written by Ezra Pound.
Ironically in this day of univrsal education and fast travelling news when debt again is a major issue, hardly anybody seems to understand that nature of the banking system; whereas in the 1930s there was popular understanding. Indeed, the first Labour Government in New Zealand was voted in precisely on the issue of banking and credit. Now the answers are either to tax the “rich” or “austerity”; neither address the root cause.