Well now, whatever else might have been in the minds of the great economists from Adam Smith (yes), John Maynard Keynes, Karl Marx and many others, today’s great (warped) free market neo liberal thinkers certainly do not have anything like “achieving the good life” in mind at all.
No! The economy is like a machine. Like the combustion engine say and equally impersonal. It is there for one reason alone. To ensure profits by eliminating the human factor entirely. There is no human factor, there are merely labour costs which have to be reduced. And the ultimate goal of the economy is to keep banksters happy and hang everybody else.
Actually to be quite fair, this current brand of financial capitilasm (personified by the banksters) really doesn’t give much of hoot for industrialists either. Ok. They are useful, they suppose, but only to the extent that they throw their profits into the hedge fund, derivatives, CDS, what have you markets.
Society does not exists as Lady Thatcher told us years ago. No such thing as society, was what she said. Remember that? People are expendable. Welfare is a waste of time and money. Retirement age should be extended to the limit of age expectancy and people should be hired and fired at will with no rights, no so called “safety nets” no recourse to any kind of justice. They are nothing but expendable cogs in the machine. Spare parts to be replaced and thrown out.
In fact human beings are a bit of a nuisance and should be treated as such.
Which is precisely why we get what Paul Krugman calls Very Serious People saying very serious things like the following:
“Over to Spain, and Moody’s has said the recent moratorium on evictions weakens the financial position of the country’s banks. The agency said:
[The law passed this month] will reduce the level of recoveries expected through November 2014 and increase the time delay before the creditor can materialise recoveries following the sale of the repossessed property.”
And that is terrible! Throw the bums out into the street! Or preferably, let them jump out of their fourth storey windows and be done with it! We can’t bother with all these losers slowing up the banks’ recovery, now can we?
A while ago I saw a documentary on TV about The Great Depression (you know, the 1930’s thing that the current economic class seems to be ignorant of. Or rather what they prefer to deny, like the Holocaust Denial. Oh no, they say, that kind of stuff simply did not happen.)
Now here there were, throngs of people living on the streets because they had been evicted. Throngs of people going hungry and losing all feeling of being human (Remember the film “They Shoot Horses Don’t They?). While at the same time there were rows and rows of empty houses. No longer worth anything to anyone. And the farmers were having to throw away their produce because no one could buy it.
People were homeless and starving while buildings were empty and farm produce was rotting in the fields.
Well, I suppose that is the invisible hand of Capitalism.
No wonder the banksters have joined the Holocaust deniers.