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Peter Simpson on (Neo)Liberalism
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CUNY philosophy professor Peter Simpson, author of “Theocracy’s Challenge” and Political Illiberalism, continues last week’s conversation on “debt traps” and discusses the impending fall of the Western neoliberal empire. Is neoliberalism’s achilles heel its financial system, which rewards rent-extracting parasites (like Wall Street) and discourages investment in real infrastructure and goods and services? Is China eclipsing the West because its public banking system rewards real production? As Michael Hudson writes:

“So the question is what kind of financial system are you going to have to back up a central banking system and credit creation? Is credit going to be a public infrastructure enterprise as it is in China, where the banks of China are able to decide who is going to get the loans? A public bank is not going to make corporate takeover loans or loans to corporate raiders. It’s going to make loans to actually increase the tangible economy, not to take it over and turn public infrastructure – the education system, healthcare, transportation and communications – into rent extraction.”

(Republished from Truth Jihad by permission of author or representative)
 
• Category: Economics, Ideology • Tags: Banking Industry, Neoliberalism 
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  1. TG says:

    I could not resist, please forgive me.

    Milton Friedman – oh, I mean, the Devil – made me do it.

  2. anon[366] • Disclaimer says:

    Kevin, in which episode of your TJ podcast do McCarron and Kushel talk about their regret that U.S. geopolitical influence is in decline? Could you please share that episode with us?

    • Replies: @Kevin Barrett
  3. Barrett and his guest start off by comporting Catholicism and it’s superstitions and traditions with true Christianity as practiced in the first century Church, long before the Catholics came on the scene. Apostle Paul warned of false teachers and states in 1 Timothy 4:3 :

    forbidding to marry, and commanding to abstain from foods which God created to be received with thanksgiving by those who believe and know the truth.

    The situation is confused even more by stirring the Muslims into the pot. It is obvious that this religious dogma copied heavily from Catholicism. All of the earliest Islamic manuscripts have glaring disparities from one another which would be expected of a religion handed down orally that was not codified until much later, was splintered by infighting almost from the beginning including the relocating of its central religious focal point. it all makes about as much sense as the married Jew Peter being the first Pope. We need only to go back to Christ’s condemnation of the Pharisees (Jews) when he stated in Matt 15: 7-9:

    7 Ye hypocrites, well did Esaias prophesy of you, saying, 8 This people draweth nigh unto me with their mouth, and honoureth me with their lips; but their heart is far from me. 9 But in vain they do worship me, teaching for doctrines the commandments of men.

    Barrett continues on his journey (as usual) of error and misdirection by dragging out the oft repeated canard of usury. This is of course another figment of Catholicism. I guess there was no problem with the brazenly obscene practice of preying on the ignorant with Indulgences. The Catholics have contributed more than any other group in giving real Christianity a bad name with their well documented history of the Inquisition where religion was often used as a facade to cover financial plunder. When they were much more powerful than today they waged relentless war against anyone who dared oppose them while this hierarchy of pseudo religious gangsters tried to keep all scripture out of the hands of the common people (just consult your local priest instead of reading for yourself).

    This Liturgical gold digging did not end in Martin Luther’s day or stop with Pope Borgia and family’s rolling crime syndicate but continues to manifest its beneficent gathering of filthy lucre in palatial residences for the big dogs while pleading penury to the masses. While the Pope and company may not be laying up much “treasures in heaven” they have done much better in the here and now, investing parishioners money to pick up everything from prime real estate to oil tankers. Even after fallout from the long covered pedophile priest debacle, they have extensive resources (and usury) to float their financial boat and fly the pampered pontiff and co. around. Not exactly the way Jesus lived.

    How could anyone stand an hour of this ambiguous drivel. After listening to them expound on the theoretical Marxist principle of “share the wealth” (we know how that worked in the USSR) we get more Islamic fantasies on the same theme. That is why the sybaritic Arab ruler of Kuwait only had 89 wives and every luxury imaginable. Part of that sharing philosophy, huh Barrett?

    For the rest of this I just relied on what is written in the summation. The Chinese oligarchy is in the process of building a technocratic pen around all the animals on their plantation. The peasants have been gradually relocated into the cities for a long time. Here the social credit total surveillance total control system is being implemented to monitor all the livestock. China is the model for the NWO. China has accomplished the number one goal of communism, the abolition of all private property as laid out in Marx (Moses Mordecai Levy) ten planks. The only thing communal about the system is the universal descent into the socialist quagmire or poverty and desperation for all but those in the clique.

    The Zionists of the U.S. put the Chinese communists in power and our corporate entities fueled their growth. That is another story. Today the banking cartel and their corporate buddies including vultures such as Black Rock (Rothschilds) are plundering Jewmerica. This program has been going on since the central bank was founded in 1913. Now since 08 the theft has greatly accelerated. The billionaires consolidation of wealth will continue under cover of the fake virus as it did under the housing, derivative scheme. None of this is the fault of capitalism or the non-existent free market but rather a direct result of the elite’s unconstitutional use of government edicts and force.

    The fake Republican and Democrat facade of “representative” gov. along with the puppet actor presidency and the fake elections, fake viruses and false flags crises will continue to be a critical part of the Zionist narrative projected non-stop by the Jew MSM. In the long run it won’t make any difference in which section of the global plantation the cattle are grazing. It will all be under the same Zionist management.

    • Thanks: Thomasina
  4. @anon

    The McCarron-Rothe-Kushel conversation (in which they refuse to celebrate the decline of US empire, though I’m not sure they regret it all that much) is here:
    https://www.patreon.com/posts/47304672

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