Capitalism's Unquenchable Greed: We are all Greeks Now

Steve KinsmanStarred Page By Steve Kinsman, 13th Jul 2015 | Follow this author | RSS Feed
Posted in Wikinut>Writing>Columns & Opinions

Paul Krugman calls the punishing austerity being imposed upon Greece "madness." This is the beginning, in this observer's opinion, of the final breakdown and disintegration of the capitalist system as it self-destructs, throwing millions into abject poverty.

Tsipras caves to Europe's vultures

The vultures of the Eurozone, represented chiefly by Germany's Angela Merkel, are bent on extracting from Greece every last penny from its treasury as they impose draconian austerity measures upon the country. They have now saddled that nation with debt that currently totals 150 percent of its Gross National Product, a debt that can never be repaid, a debt that will have the effect of turning Greece's citizens into slaves, as Alex Tsipris, the leader of Syriza, in an act of utter betrayal to his followers, has completely caved to the demands of the Troika.

Chris Hedges
, America's foremost social critic, in an article published today, July 13, 2015 in, makes the case that "We are all Greeks now." He writes "The poor and the working class in the United States know what it is to be Greek. They know underemployment and unemployment. They know life without a pension. They know existence on a few dollars a day. They know gas and electricity being turned off because of unpaid bills...They know the profound despair and abandonment that come when schools, libraries, neighborhood health clinics, day care services, roads, bridges, public buildings and assistance programs are neglected or closed. They know the financial elites' hijacking of democratic institutions to impose widespread misery in the name of austerity. They, like the Greeks, know what it is to be abandoned."

Hedges' point is that while Greece is collapsing under the weight of the Eurozone's cruel impositions of a tyrannical austerity, the rest of the industrialized world is not far behind, as the rapaciousness of the world's central bankers and Wall Street firms like Goldman Sachs continues unabated. In fact, all of the constraints against the gross excesses of unbridled capitalist exploitation have been removed. Hedges writes "Corporate capitalism, manipulating the world's most powerful financial; institutions, including the Eurogroup, the World Bank, the International Monetary Fund and the Federal Reserve, does what it is designed to do: It turn everything, including human beings, into commodities to be exploited until exhaustion or collapse. In the extraction process, labor unions are broken, regulatory agencies are gutted, laws are written by corporate lobbyists to legalize fraud and empower global monopolies, and public utilities are privatized. Secret trade agreements - which even elected officials who view the documents are not allowed to speak about - empower corporate oligarchs to amass even greater power and even greater profit at the expense of workers. To swell its profits, corporate capitalism plunders, represses and drives into bankruptcy individuals, cities, states and governments. It ultimately demolishes the structures and markets that make capitalism possible...By the time it slays itself it will have left untold human misery in its wake."

Paul Krugman's assessment

In his New York Times column today, July 13, 2015, economist Paul Krugman echoes much of what Hedges writes, calling the Eurogroup's actions and demands "madness." He writes that "The trending hashtag ThisIsACoup is exactly right. This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief. It is, presumably, meant to be an offer Greece can't's a grotesque betrayal of everything the European project was supposed to stand for...Being a member of the Eurozone (now) means that the creditors can destroy your economy if you step out of line. This has no bearing at all on the underlying economics of austerity. It's as true as ever that imposing harsh austerity without debt relief is a doomed policy no matter how willing the country is to accept suffering. And this means in turn that even a complete Greek capitulation would be a dead end.

The European project...has just been dealt a terrible, perhaps fatal blow. And whatever you think of Syriza, or Greece, it wasn't the Greeks who did it."

Germany of course has completely forgotten that its economy was completely destroyed with the end of World War II. Obtaining major debt relief from the victors and the rebuilding of the nation's infrastructure made possible by the Marshall Plan allowed the country to build an unmatched economy in Europe. That the Eurozone, led by the Germans, can now destroy Greece, is not only cruelly ironic, it is unconscionable.

Now there is a movement afoot in Greece that seeks reparations for the enormous sums of money the Nazis expropriated from that nation during their occupation of the country in the early 1940s. With interest, it is estimated that Germany owes Greece over 250 billion dollars for that occupation, which is enough to wipe out all of its debt.

The astrological assessment

Pluto, the great lord of the underworld, is the destroyer. Pluto entered Capricorn, the sign which rules the corporate world, the financial system and institutions, the established order and governments, in 2008, at the very time of the world-wide economic meltdown which was engineered by the banksters and which resulted in more and more wealth being moved more and more rapidly from the lower and middle classes to the wealthy elites. It will remain in Capricorn into the year 2024, when, mercifully, it finally enters Aquarius.

This dark journey of Pluto through Capricorn reflects a time of complete system (Capricorn) collapse (Pluto). The planet currently passes over an opposition to the Sun in the horoscope of the United states, an event which occurs but once every 248 years, and it signals the onset of the collapse of the American empire. Capitalism's addiction to its own greed is the monkey on its back, and when the time (soon) comes that no one has any money any longer to buy all the crap they sell, the chickens will come home to roost. Unbridled, unfettered capitalism will implode and spiral into the abyss of self-destruction. Then, out of the ashes of that destruction, just like the Phoenix, a new economic system, far more fair and just, will arise. Capitalism will never be resurrected. We may stumble our way forward, and many difficulties will confront us, but in the end we will look back on this era and ask ourselves how could we have been so ignorant and so complacent as to allow ourselves to be enslaved by such an unfair and unjust monetary system.

Links: Germany Forgets
A World Without Money is Possible
Capitalism - The Most Grotesque Economic System Ever

Preview image from
Greek protest photo from
Horoscope constructed by the author


Astrology, Austerity, Capitalism, Chris Hedges, European Central Bank, European Union, Eurozone, Goldman Sachs, Imf, Opinion, Pluto, Pluto In Capricorn, Steve Kinsman, World Bank

Meet the author

author avatar Steve Kinsman
I live in California with my wife Carol, where I have been practicing professional astrology for 35 years. I write articles on astrology, but I enjoy writing on a variety of other subjects as well..

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author avatar spirited
14th Jul 2015 (#)

The planet Pluto was discovered in 1930.

Hitler was riding high at the time.

Perhaps ever since the discovery of this planet, Capitalism has been doomed.

Interesting article Steve, I must agree on every point you made here.

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author avatar Steve Kinsman
14th Jul 2015 (#)

Thank you spirited. Yes, the discovery of Pluto in 1930 ushered in the Nazi era, world-wide depression and the birth of the atomic age. "Now I am become death, the destroyer of worlds," - Robert Oppenheimer quote of the Baghavad Gita after working on the A-bomb.

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author avatar Reni Sentana-Ries
14th Jul 2015 (#)

Written from a heart for the plight of the people. Thank you, Steve.
I must say here that Germany is just as much a victim of financial skulduggery than Greece is, even though in the eyes of the world Germany is being viewed as the "fat man" of Europe who is expected to bail out any other European country what falls on financial hard times. The villains in this cruel game are the inventors of the Euro who contrary to convention carried over all national debts of their group member nations into the (then) new Euro currency.
Yet when a new currency is being started, all debts MUST prior be paid by the currency creators so that the entire group of nations are given a fresh financial start.
That was not done when the Euro was created, and now we see it can barely survive a measly 15 years without taking a whole group of nations into collapse.
Incompetence? No, I don't think so! IT WAS BY DESIGN.

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author avatar Steve Kinsman
14th Jul 2015 (#)

I fully agree.

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author avatar Reni Sentana-Ries
14th Jul 2015 (#)

One more thought, Steve. What is "quantitative easing" if not money-creation out of thin air? Apply that method of fund creating WITHOUT INTEREST CHARGING AND WITHOUT REQUIREMENT FOR REPAYING then overnight Greece's problem could be solved and so could every indebted (so-called) nation be helped out from underneath unrepayable debts!

But that is a secret the bankers hate to see leak out, for then they could no longer feed their sadistic tendencies of watching entire nations squirm in financial agony.

See also

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author avatar Steve Kinsman
14th Jul 2015 (#)

Monetary systems are systems of designed repression and enslavement.

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author avatar Sivaramakrishnan A
14th Jul 2015 (#)

Thanks Steve for speaking out for those who are the most disadvantaged and take it on the chin.

Everyone needs to open their eyes. We should never forget the vast majority, who prop up the much abused capitalist system, are not digits; they did not create this crisis but are victims of greed of others who have more than enough. I cannot believe in a system where the rich becomes richer at the cost of the poor as it is happening everywhere now including China and Russia - it is a sure recipe for disaster.

To work to our fullest ability one need not aspire to become billionaires - it should be the thought to better our society. If Greece can create such an impact imagine what could happen if others follow!

History repeats - if they don't have bread, let them eat cake or while Rome was burning Nero was fiddling resonate - siva

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author avatar M G Singh
14th Jul 2015 (#)

This is a great post Steve. I agree that capitalism is doomed but sir what is alternative.

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author avatar Steve Kinsman
14th Jul 2015 (#)

See my Wikinut articles "A World Without Money is Possible" and "Jacques Fresco: The Greatest Visionary You've Never Heard Of".

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author avatar vandana7
15th Jul 2015 (#)

I have long advocated that a basic sustenance cost be determined. Thereafter, different rates be applied on increments. Not a blanket 10 percent hike of salary or 20 percent hike in salary as it is happening out here. What that does is it increases inflation. The moment such announcement is made that government officials are to be given this much, vegetable vendors, shop keepers, and just about everybody increases the price of their merchandise by that much or slightly less. You would think it would trickle down. But no. It does not happen. It stops there and is spent away on luxuries. The poor remain poor, forever, and the government officials get periodic hikes, merchants, and middle men make money. So inflation and greed can only be tamed with different approach to pay scale in India. Pensions would be hit in Greece. But trust me, government officers take enough money under the table. At least, out here, they do.

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author avatar Kingwell
31st Jul 2015 (#)

Great article Steve! The rich get richer while the poor get poorer. What is to happen next? I really feel for the people of Greece but who will be next and how long before people revolt? Blessings.

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