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Commentary by Leon Fisher

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This train's called Economic Disaster and it has no brakes

by Leon Fisher, Unknown News
leonjfisher@webtv.net March 9, 2008
Despite what the politicians in Washington are telling us, as well as the reassurances we are getting from Wall Street, the economy is without a doubt in freefall and gaining momentum as I write this.

So far not only has the Fed intervened, but a number of powerful private financial institutions have also tried and failed to reverse what is already a recession here in America and threatens the rest of the World.

Like some out-of-control locomotive speeding down the track, the economy will crash. There is

nothing that can be done at this point to change course -- the damage has already been done.

How did this disaster in the making get this far without any alarm bells being heard? Let's start with the basics. The economic system in which we do our everyday business is commonly referred to as Capitalism, the idea of which, at least in theory, is that all those who participate will share in the profits.

Although many factors contribute to the success or failure of this system, on the whole it works. However, the system of Capitalism is very vulnerable to abuse if allowed to be controlled and manipulated by forces opposed to the common good. Without being balanced by regulation and an organized workforce, the system of Capitalism becomes oppressive and unsafe to those most vulnerable, those on the bottom rungs of the economic ladder which make up the great majority of the workforce.

Long the victims of unrestrained Capitalism, workers worldwide throughout history have suffered the ravages of long hours, unclean and unsafe workplaces, depressed
earning and stagnant wages, while those who were in control -- the
banks, the bureaucrats, the

After the smoke of the economic train wreck clears, we will see our hard fought for standard of living considerably diminished.

aristocracy etc. -- were the exclusive beneficiaries of the wealth created from the back-breaking sweat and labor of the working class.

The most inhumane manifestation of Capitalism was that of child labor, where the children of the poor and disenfranchised were forced to work in the same dismal and unsafe conditions in mines and sweatshops as their parents. Without argument, next to the institution of slavery, parasitic Capitalism comes in a close second, prompting the great thinkers of the time such as Friedrich Engels and Karl Marx to raise their voices in opposition to this injustice.

Along with other brave men and women of the labor movement worldwide, they risked both life and limb to organize, and tried to force the hated, greedy, unethical, exploiters of the working man to level the playing field. While the working man has won many concessions from the Capitalists in the last one hundred plus years, such as a living wage, safe working conditions, health care, and retirement benefits etc., all this is now threatened by a new generation of unscrupulous Capitalist fat cats whose greed is insatiable and whose hatred of the working man is unparalleled in the history of the World.

The first salvo fired by the Wall Street Capitalists in their resurrected campaign to once more disenfranchise the working man, was by removing his voice in Government through the use of bribery. This has succeeded.

Next, the dismantling of the industrial infrastructure, and the outsourcing of jobs, replaced by low paying paper pushing, service industry jobs. This also has succeeded.

Third, gaining control of American workers' savings, forcing them to invest in the same stock market which has outsourced his job, forcing him to contribute towards his own demise.

And fourth, the takeover and control of what used to be the free press, whose columns and editorials now decidedly are anti-union and anti worker, pro "free trade". etc.

Totally in control, the reinvigorated Wall Street war against the workingman has seemingly been unstoppable. Moving the factories and sweatshops to Mexico, China. India, and many other places, the Capitalist hierarchy of stock markets, banks, and corporations appears to have succeeded in owning and controlling the resources of the entire planet.

However, when it looked like the Capitalists had once again succeeded in regaining their power, they suddenly find it crumbling before their very eyes. Not surprisingly, they have managed to kill the goose that laid the golden egg.

With the cooperation of their bought and paid for flunkies in Washington and in the other Capitals of the World, all the greedy Wall Street money changers have accomplished with their scams and schemes is to destroy the economy of their own Nation, and before it is over, the economy of the World.

With all their high-sounding talk of "free trade" and the global marketplace, all they have accomplished is to again visit economic pain and suffering upon the working man. They have once more earned themselves the title "Capitalist Pig" for their dirty deeds, their theft, their lies, their exploitation of an honest man's hard work, the destruction of the family, the theft of his property and home, the ruination of millions of lives, the political sell-out of their countryman, and the ruinous wars which they start and maintain for profit.

After the smoke of the economic train wreck clears, we will see our hard fought for standard of living considerably diminished. It may take another hundred years to restore what we once had. We must never again allow this to happen.

As for now, take what's left of your money out of their dirty hands, and do not ever consider giving it to them again -- they have caused enough misery.

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