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Who’s the King of Castle?

September 23, 2011

This short video does a decent job of explaining how “the rich get richer, and the poor stay poor.” Personally, I would have liked to have seen some extra detailing on the method of fractional reserve banking, but overall it’s a well done video.

That said, there is an irony to the video. It’s part of a larger documentary titled The Four Horsemen, complete with interviews from John Perkins and Noam Chomsky. Capitalism, therefore, is the great boogie-man in the documentary. Here’s the twist: This short clip demonstrates that a different element is to blame – government interventionism, and the ensuing bankocracy and corporate socialism that inevitably follows. Capitalism in a free market system is where private parties own the means of production (and therefore assumes the risks of production), and enters into mutually beneficial exchanges of labor and goods. In a free market this action is not to be forced, contrived, subsidized, monopolized, or otherwise manipulated through government intervention. As this video demonstrates, the top of the pyramid is the banking structure and its ability to monopolize purchasing power, but its empowerment first comes through government edict.

Obviously there is more to all of this, but it should provide some food-for-thought.

 

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