As Europe suffered in the ninth century from Viking raids that brought devastation, social turmoil and serfdom, the world today suffers from Viking Capitalism.
What is Viking Capitalism?
Viking Capitalism relies on the ideology of unfettered economic power for whoever can grab it. And that societies should not organize to prevent the raids of the Vikings. Yup, that's right. Societies and peoples are actively prevented from defending themselves from the Vikings. No limits to the power of the few; rules and laws to prevent the common man and woman from effective defense.
This is a mutant of world Libertarianism designed to help the powerful get... more power. It's a naturally occurring mutation, though. The Hayek analysis applied to Libertarianism showed its failure in this specific fault [see this blog's post of October 18, 2010]. Unfettered freedom for the powerful leads them to grab more power and they use that power ruthlessly to prevent others from organizing to defend themselves. This is what the Vikings are doing in the world.
Who are the Vikings ?
Beefers - big, evil funds and their Rulng Class investors; Big multinational corporations; Non-governmental organizations such as the World Bank and IMF; CEO suite hogs; Ruthless intellectuals in the New Class; All those people who meet at Davos every year.
What do they do ?
Organize currency raids on nations. Cause financial turmoils with huge flows - tsunamis - of money flows in and out of nations. Raid capital markets. And trade flows. Free trade lets the multinationals gut jobs and factories in one nation, and move production to wherever they can make it cheaper, often via bribes and corrupt deals in the new locations.
The US has been subject to Viking capitalist raids since GATT. Small nations are hammered by beefer currency raids. The CEOs of the powerful corporations take more and more pay, yet shareholder returns suffer. Pay for the common man and woman worker goes down, despite increasing productivity by them. Those CEO hogs are another class of the Vikings.
The ruling classes use legislation and pressure by world organizations to prevent nations from defending themselves. In the US, legislation and the power groups in DC pile regulations onto business and tax employment in the US. Yet GATT lets the Vikings take jobs to small countries whose leaders they can pressure to gain favors, them freely import those good back to the US, without paying anything to support America. Those corporate Vikings don't even pay US income taxes - they use a barndoor-sized loophole to avoid tax until the money comes back to the US. Of course, it NEVER comes back. The Vikings use that money overseas to create power bases there.
The Viking intellectuals write laws to protect THEIR products and use governmental power to prevent free trade in those products.
Consider this dichotomy:
(I) A factory in Ohio makes a product via the hands of the common man. A Viking Capitalist can copy that plant & product in Asia and bring copies of the product back to the US freely, to gut the Ohio business. The Viking pays no US taxes, while the Ohio plant and workers paid plenty to support America. The Vikings and Ruling Classes say this is good and fine; they get richer while the common man or woman becomes destitute.
(II) A writer of books or software or filmmaker makes an intellectual product in the US, produces and sells it for a huge profit margin. Can a Viking copy that product in Asia and bring the goods back to America to sell cheaply? Nope. Copyright and intellectual property laws prevent it. Government power is used to protect products of the intellectual class. THEIR product is legally protected, but the factories and work product of the hands of the common man is raided by the Vikings.
Ditto the intellectual product of the Legal Vikings. Bar association rules and guilds enforced by judges prevent copying their product. They loot more and more.
Viking capitalism is ruining the lives of billions of people, all for the gains of the Ruling Classes worldwide. People of the world must throw off their fetters and adopt Fraternal Libertarianism - put regulations and chains on the Vikings; take freedom for themselves. Empty the hog trough and use those resources to help the people and small business directly. Stop the Viking raids on US jobs.
Viking Capitalism vs. Fraternal Libertarianism. That's the fight we want. Bring it on.
Word of the Day
"Contumely" - noun [$10] from Hamlet's Soliloquy, Shakespeare. Also "Contumelious" - adjective. Also "contumacy" and "Contumacious"
Contumely means 1. insolent or reproachful language or treatment; 2. disgrace.
Contumelious means reproachful, insulting or insolent.
Sentence: The Vikings want to be worshipped and adored; give them contumely instead. Social pressure can help. Do it, all the time and everytime.