"Save the economy" - why? - Ruthless Criticism

“Save the economy” – why?

There are leftist critics who scream: “We won't pay for your crisis!” But, unfortunately, even when capitalism is not in crisis, but grows according to every trick in the book, ordinary people have nothing to smile about. Because in capitalism they pay – all the time, for everything. First and foremost, they pay for the success of profit-making. They pay with their drudgery, low wages, perpetually insecure existence, and the subjection of every life necessity to a business opportunity for the enrichment of the wealthy. Now everyone has to pay for their dependency on business and its success as a matter of facing the consequences of the failure of profit-making. Maybe the question should be: why pay at all?

But neither the unpleasant side of success nor its “failure” suggests to the leaders of public opinion that “our” economic system should be thrown on the scrapheap; rather, its rescue becomes ever more urgent. As if this “failure” actually has nothing to do with the system: we are told a litany of unnecessary “mistakes” by a few individuals with questionable motives, in contrast to the actually good and success-promising business principles which are normally “enjoyed.” Our recommendation: One should take this crisis – as well as the success that everyone is so eager to restore – as information about capitalism. The first thing that is striking is:

What is not considered a crisis in capitalism, but normal to it

When the agents of capitalism were still satisfied with the course of business, it included millions suffering from hunger, wars, and unemployment, in addition to hundreds of millions of working poor always providing increasingly competitive labor for lower wages. Life is full of “permanent crises” for these people – however, this is not to be confused with the crisis that the rulers of this world now proclaim and from which they suffer so bitterly. What matters in this system is:

Making more money from money. When this purpose of the capitalist system no longer succeeds – this is a crisis

What an absurdity: almost routinely, too much wealth is produced – too much for the purpose of increasing it further: Then there is a crisis and capital in all its forms is devalued (commodities, production facilities, financial assets). This time, too much wealth accumulated in the financial capitalistic superstructure. So many financial assets were piled up there – in the form of securities and credit promises of all kinds – that speculators lost confidence in their own speculation: trillions in value went “up in smoke.” If financial speculation by the banks and the stock market fails, then the “real economy,” which needs the credit of the banks for its own business, is also in crisis. Thus profit-making generally comes to a halt because the economic purpose, the only one for which production and jobs exists, no longer works out: to make more money from money. Then the whole business is paralyzed. The capitalists execute the simple economic truth: the world is only worth as much as it is good for their enrichment.

A danger our community can't put up with:

The state helps the banks and other businesses in order to maintain the rule of capital

States all over the globe have rushed to mobilize money and supply credit in the trillions in order to save the financial system and thus the entire economy from collapse. Without the circulation of money and credit, which the banks run only as long as they make money from it, nothing else goes in capitalism. Hence the governments do everything possible to support the banks, to buy up their toxic loans, to give them injections of capital or to lend them state-guaranteed creditworthiness, which they would not otherwise have at all. The purpose of all this assistance is that the same business that produced the crisis begins all over again.

In addition, the movers and shakers update some of their ideologies about state activism: the state must keep out of the economy! The state treasury is empty and more debt is impossible! The state clarifies for what it is ready to strain its creditworthiness to unknown limits: to rescue the financial system so that it can again provide its service for the growth of the national economy. Because it is a matter of maintaining the rule of capital over the economic life of society, the governments make one thing certain: there is no alternative to their bailouts. It is being taken for granted by state leaders that their human material (the citizens) have no greater concern than the success of their state. And for that role

The people may keep their fingers crossed for the rescue of capitalism

It should be no surprise that those who pay for the crisis are those who already in good economic times are the pawns of this economic system: whether as job-holders or as unemployed persons, retirees or savers, etc. – the wage-dependent class is readied for higher prices, lower wages and pensions, unemployment and shrinking savings. They have to deal with the problems that follow, just like before, always completely privately: by preparing for worse times to come and rationing. That does not mean that holding one’s nose and passivity are all that are called for. They may bellyache all the more – about “AIG” and “incompetent managers.” The victims of the system always deserve their right to a fair complaint, as the media affirms on a daily basis. Not only does this type of criticism give all the more honor to a successful entrepreneur. Above all, this submissive grumbling is an ideal field day for the politicians. For them, this is only an avowal of trust: everything in the hands of the smart state rulers who regulate capitalism in such a way that business is guaranteed to be successfully managed! For that, of course, everyone wishes them well: more power to them!

So if you do not want to pay for the crisis or the bailout or be the means of the next upswing, render an account with the system in which you always pay. Anyone who clarifies for themselves how capitalism functions – before, in and after the crisis – knows the alternative.

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