Professor David Harvey and his books seem really interesting on dealing with the downfall of capitalism and poses a very interesting argument for the need of our time ...... a new form of Communism-communalism.
He argues that at the current rate of generalized 3% economic compound growth of most national economies projected into the future with the history of a move away from production to assets to derivatives; making the banks, the investors and the rich get richer, with money making them more money at the expense of the poor and general population; will only continue despite the current crisis leading to publisized conversations of reform. New investment possibilities for trillions of dollars at this compound growth results in not investing in "real things" but in money making money. Instead of blaming the politicians, banks etc.. the present paradigm in the system is inherently flawed even though politicians like Obama are trying to make reforms to it.
Obama's policy of consumer protection (not an independent body but within the federal reserve?!) and government intervention (through the same Federal reserve & the Bilderbergs?!) will help to some extent, but wall street and the big banks (who control the senate and congress along with the funding corporations) will still come out winning having built up their reserves and assets from the bailouts (and continued bonuses!) and marginalized the smaller banks.
Then I think the big banks along with the big merchants will use technology soft ware (such as the hand-phone becoming the medium for all transactions and accounts and GPS identification by the powers that be)and only gain more control of the market place and "common" man.
However, G20, financial ministers with the "big" banks are trying to install levy's on banks against taxpayers money instead of bailouts, regulate banks capital ratio and protect speculation on the currency of vulnerable economies, so we will have to see what comes about from the "reforms" following the financial crisis, devaluation of the Euro and US dollar (with danger of hyper-inflation with excess liquidity in the markets) and the sovereign debt crisis following the Greece "bailout" (where the German taxpayer pay for the Greek credit with French and German bank "winning", expecting an unfair debt rate of return on the Greek government).
And, whatever the outcome, the competitiveness of these currencies (Euro and US dollar) are artificially propped up, but when gauged against the more tangible measure of perhaps gold are really dropping. And, cuts too early have the danger of a double-recession. Especially, with the relative value of the Euro down against the US dollar exports to the US are going to go down. And exports for both are becoming less competitive against the emerging economies like Brazil, India, China and Asean nations who, for example, are engaging "trade" and not just "aid" to countries like Africa with a wealth of natural resources.
Professor Harvey's solution is governments acceptance of 0% compound growth and political reform into a new form of communism/communalism.... for a renewal of creativity as an asset of diversity and a redistribution of wealth. He separates growth and development arguing 0% growth can still allow redistribution of resources and development of health, culture and change.
With the Bilderbergs, Rothchilds and Co. using credit lent through their hidden investment and control of organisations like the Federal reserve and IMF, who print and sell them "money", to create debt in and around a financial crisis and manipulate and potentially buy over governments whose currencies collapse, perhaps humanities hope against the continued cycle of financial crisis, a natural disaster or post disasters is "capital communalism" with a decentralised step-up government.
With India remaining a largely corrupt, closed, nationalistic yet democratic system operating in a feudal system, perhaps Sai Baba's eco-self sustainable commune will set the example through India for the world to follow - a commune's creativity and diversity its own investment, which has its own financial commune investment hub that feeds back upwards to the state and government. This is much like how His system, the Sai organisation, appears to have established itself or come about ; from a central head to regional to centre based and then empowered locally by a bi-annual rotational select-elect basis to then reverse upwards, empowering local centres to feed-back through the regional co-ordinators to the head quarters in Puttaparthi.
By creating a commune based on shared fundamental 5 values but encompassing a diversity of cultures, races, religions, people and talents, the hub will invest these "assets" of creativity to the greater globalized world to allow for a barter distribution of work based on the values in good will to remain in the commune.
Think Local, Act Global
becomes
Feel (think, act and serve) Local, Share Global
Thus, socialism and capitalism will be balanced to create a new form of using market forces that benefit the growth of human rights and freedom of choice yet abide by the ideals of communism on a smaller more idealistic and manageable setting - a better version of Singapore but with a soul
ie. a city state that has no natural resources except its innovation to deal with the knowledge based globalised economy after China became the new emerging manufacturing economy but lacks any form of welfare system except subsidies on medi-care (levels of quality) ie. much like a budget airline!
However, a capital communalism could be the best way to provide free health care, education, green energy, clean water, subsidized foods and financial protection for all within the commune with governments that subsidize practical needs, tax unprofitable desires and give grants for innovation to demarcated communes rather than individuals or institutions. There seems great potential for such an endeavor in rural India with real, practical world teachers, such as Sathya Sai Baba and Amritananda, are providing example of free education, health and clean water projects. Maybe the Indian government or a devotee like Rattna TATA will take the cue from the successful completion of Sai Baba’s project to sponsor such projects around rural India.
Note: there are already attempts/projects by visionary investors to approach governments and banks to provide land and funding to form the idea of "sovereign states" whereby land is developed in remote areas to attract a "new" green and financially viable city state, with the value of the state created by the financial institutions and talent attracted to raise the demand on the value of the land. However, this model does not adapt the communalism aspect of a barter brotherhood model.
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