Forum Post: Understand your enemy
Posted 12 years ago on Oct. 5, 2011, 9:27 a.m. EST by Jerry
(11)
This content is user submitted and not an official statement
A message from Martin Armstrong:
http://www.martinarmstrong.org/files/Occupy%20Wall%20Street%2010-01-2011.pdf
I would have to agree that "Capitalism", per se, does not have to be bad. Perhaps we should make the distinction between "Productive" and "Predator" (parasite) Capitalism. Profits from Predator activities should be taxed at higher rates than Productive (job creating) activities. So, much so, that it discourages such.
We just need clear cut rules, think of economics as a game. "Capitalism by Hasbro"! Without proper rules, we can just buy all the properties and start with all the money in the box.
This is what is happening in capitalism. I don't think it needs to be controlled, but there should be clear cut guidelines. What is happening now, is that people are looking at the poorly written rule book and finding loopholes and winning the game by cheating. We need better written rules.
Rules and regulations have to control something. That something has to be defined properly . The idea that making profits by manipulating markets and making money off of money, is as beneficial to society as investment in tangible assets,(jobs,infrastructure,industry) is erroneous.
That is just it, you make rules that prevent the manipulation
Agreed, we have to establish a new paradigm of "Constructive/Productive Capitalism".