Profit and loss

[Mike Weaver]

> > Just to get rid of one of the BS platitudes of these folks,
> > just ask yourself, what does it really mean that the
> > activity on the foreign exchange and currency and index and
> > commodities, and all manner of derivatives has sky rocketed?
> > Could it be a very, very, good thing?
>
>
>It certainly reflects an increasing diversity of trans national
>transactions. And as you, I and Jbor believe, this is a POSITIVE
>trend. More participants, a greater diversity of objectives, a levelling
>playing field, a contraction of "protected" markets in ALL nations -
>who could possibly be so obtuse as to argue that this is a bad thing?




Gad sirs you almost have me convinced. Capitalism may be inherently 
destructive of human decency, fueled by competition, greed and insecurity, 
just about as far from "Love thy neighbour..." as you can get in peacetime 
but it is, the way you put it, a GOOD thing.

As if.

         All that healthy activity you detect is only the elite and their 
admirers gambling with the futures of millions, their chips paid for with 
the labour of millions past. Out here in the working world that healthy 
activity adds up to  job losses, wage cuts, loss of social services, 
increased crime, social tension and flare up.
         All the benefits of free trade of which you have spoken will only 
reach an elite. This is the globalization which Terance doesn't believe in, 
the continuing development of a global elite. For the majority in each 
population further entanglement with capitalism means different forms of 
poverty and insecurity.

For millions of us life in a capitalist system is painful and like all sane 
people we will try to deal with our pain by removing its source, and the 
ways we go about that are many and varied.

         You can heap all the scorn and contempt you want on expressions of 
hope which fail to meet your benchmark of reason, it doesn't make you right 
or Teufelsdröckh wrong. It just makes clear which side you are on.

Anti-capitalism isn't an ideology which can be logically reduced to false 
perceptions, but a dialectical reaction continually developing within 
capitalism's workings. The first wave of anticapitalism may have failed, 
but the next one's already agrowing.