Western Civilization Lies Dying

Wednesday, September 29, 2010
By Paul Martin

By: John Kozy
Market Oracle
Sep 29, 2010

The Western commercial system exists to extract more from consumers than it supplies in products and services. Its goal is profit and has never been to improve the human condition but to exploit it. When governments institutionalize this system, they place their nations on suicidal paths, because as Jefferson recognized, “Merchants have no country.” It is not terrorism that threatens the security of the Western World, it is the Western World’s commercial system.

A man suffering from severe chest pains collapses. His wife calls 911. An ambulance arrives, the EMTs treat the patient, place him in the ambulance’s bed, and start off to the hospital. Along the way, the engine stalls. The ambulance’s staff begins arguing about how to get the motor restarted. One says more gasoline is needed, another says there’s water in the tank, a third says the fuel filter is clogged. While they argue, the patient lies dying.

This situation is analogous to what’s happening in America and parts of Europe. While economists and politicians argue, their nations are in the throes of death. These people are looking for the devil in the details, but he is not there. It’s the system itself that’s diabolical.

The Western commercial system is extractive. It exists to extract more from consumers than it supplies in products and services. Its goal is profit, and profit literally means to make more (pro-ficere). Its goal has never been to improve the human condition but to exploit it. It works like this:

Consider two water tanks, initially each partially full, one above the other. One gallon of water is dumped from the upper tank into the lower one for each two gallons extracted from the lower tank and pumped into the upper tank. Over time, the lower tank ends up empty and the upper tank ends up full. The circulation of water between the tanks ends.

Essentially, this scenario describes all commercial systems based on profit. It is why the top 20 percent of Americans has 93 percent of the nation’s financial wealth and the bottom 80 percent has a mere seven percent. It is why the bottom 40 percent of all income earners in the United States now collectively own less than one percent of the nation’s wealth. It is why the nation’s poverty rate is now14.3 percent, about 43.6 million people or one in seven. It is also why the Wall Street Journal has reported that 70 percent of people in North America live paycheck to paycheck. It is also why, despite numerous pledges over decades, no progress has been made in reducing world-wide poverty. The system is a thief.

The economy has collapsed not because of misfeasance, deregulation, or political bungling (although all may have been proximate causes), it has collapsed because the pockets of the vast majority of Americans have been picked. The housing bubble didn’t burst because home prices had risen, it burst because the pockets of consumers had been picked so clean they could no longer service their mortgages.

The Rest…Here

Leave a Reply

Support Revolution Radio