Shreepal Singh, a Concerned Global Citizen: Economics of New Civ.: Not Capitalism ! Not Socialism either !!

Economics of New Civ.: Not Capitalism ! Not Socialism either !!

4 Aug 2006 @ 15:20, by Shreepal Singh

Capitalism is bad because this society intentionally inflates human beings’ desires in a calculated manner by resorting to advertisements etc. and ensures provision of means to satisfy them. This is nothing but gearing the society to the ideal of sensual enjoyment. Enjoying sensual pleasure is not the end-destination of life on its evolutionary path. In pursuit of its avowed objective of inflating desires and satisfying them, Capitalism resorts to the economic mechanism of earning profit – generating capital -, buying human work – the priceless exertion of life on matter -, selling product of that work at a premium and again earning profit – a vicious circle. To ensure the safe and smooth play of this mechanism, Capitalism evolves capitalist democracy and market culture. In turn, it gives birth to economic exploitation, dazzling wealth and abject poverty, societal injustice and repression. There is no way to escape these inevitable and unfortunate socio-economic byproducts in Capitalism. Capitalism brings about degeneration in human beings and their culture and Mankind is bound to reject Capitalism sooner or later.

Socialism, and its refined form – Communism - , is also a bad social system. This society in order to create abundance of material comforts for its citizens resorts to social engineering wherein chains are put on its citizens’ mind’s creativity. Socialism is comparatively better than Capitalism on the count that it ensures the provision of means to meet the essential needs and legitimate desires of its citizens. But the evil part of this system is that in order to ensure economic justice it creates the dictatorship of a few people – who are almost always merely ordinary human beings in all respects and controlled by their petty desires and animal instincts – over the vast number of common people. And, this dictatorship encompasses every sphere of human activity - the most agonizing part among them being the human mind and its creativity. In order to eliminate any chance of opposition that may eventually turn into challenge to the social system, this system as of necessity can not and does not permit human mind’s free thinking lest it may have remote semblance of incongruity with the established norms. It is slavery of thoughts and mind.

There is need of a social system better than Capitalism and Socialism that may allow the freedom of thought and mind to its citizens but at the same time impose on them the discipline of the light of higher consciousness. The discipline of higher light cannot be imposed on the society by enacting laws. Such a discipline is possible only when there is a majority of those people who have accomplished the higher light in their consciousness. If there are no people in that society who have experienced higher light of consciousness and the discipline is sought to be imposed by laws and rules, then such society would be reduced to that of religious priests, fathers and mullahs. The society and the state of religious priests, fathers and mullahs is not better than Socialism; it is worse than even Capitalism.

Further reading links:

Peaceful democratic revolution

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5 comments

14 Aug 2006 @ 17:14 by andrasnm : The USA does not have capitalism either
We have a system that can only crudely described as "Fuckism" meaning a plutocracy where multinational corporations rule and high-level corruption runs rampant. There is very slim chance for the small guy to start a business in the USA and make it. Plus Bush and his cronies are Fascist so I find the name very fitting and not so amusing.

29 Jan 2015 @ 09:38 by Karim @201.249.40.16 : gaUKrCFlujWfrEGZy
that corporate bkucabys of stock are banned in some European countries (e.g. Austria) because a corporation should use surplus capital to expand, creating jobs. That, however, leads to inefficient conglomerates. Reasons for buying back stock:Repurchase of stock gives investors a wider range of options, increasing efficiency of capital allocation.If instead the corp. raised dividends that would lead to higher expectations, and conversely, a drop in dividends would be seen as a sign of trouble.Large dividends give the stockholder a larger tax bill without choice, whereas the same $$ as a repurchase give the stockholder lesser tax and the choice when to incur it.Buybacks are a good way to manipulate debt/equity ratio, especially because interest is a deductable expense.Buybacks facilitate employee pay in stock options without issuing new stock Those are my notes. I can't speak for their wisdom or accuracy, but it is notable how many reasons for bkucabys are to do with taxes.Have a good vacation,Regular reader Mike Sinclair

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