It is been really interesting to hear George Soros, the famous hedge fund magnate who is the one behind the 1997 Asian financial crisis which caused millions of Asian business’ collapses, making a speech in the Davos 2019 conference, saying something in the effect that so and so of China is the enemy of free world. Not that China does not had its own long over-due political /judiciary system to reform, but when such accusation came from someone who had done some serious damages to the free market that even the Bank of England cannot tolerate, we can not help wondering what gave George Soros such entitlement to point fingers to others when he himself has some similar issues he may need to reflect on himself?
Such tongue in the check behavior can be observed not only in Soros, but in many others westerns, including those people who help the Chinese communist party to bribe western government officials, those who facilitate the communist party to swing public sentiment in the election process by the virtue of their media power, and those who helped set up Chinese companies’ stock to be listed in the NYSE which robbed western investors their fortunes. Maybe Justice Department should proceed to investigate these cases in order to solidify our governments and public agencies’ credential? After all, these are the same type of issues that caused the financial crisis of 2008 which our tax payers end up paying the loss, and the real criminals got away without consequence.
Totalitarian can come in many forms, China’s government system is one kind, nowadays financial crocodile, and the technology giants who manipulate their muscles of virtue finance and Hi-tech power which caused tremendous negative effects in society such as huge gaps of income disparity, and juvenile crime/mental wash, are not those the manifestation of Totalitarianism as well? So we can see totalitarianism does not necessarily only happens in socialist country, but also in capitalist country, where the law of jungles rules.
Since Planet Pluto’s entry into Capricorn, we have witness a world accelerating the erosion of its protective structure in many ways for the common people as we experience financial crisis of 2008 and its aftermath: the quantitative ease of printing money which reduce purchasing power, the booming of virtue finance in the stock market that rewards the riches, the tremendous enlargement of gaps between haves/have-nots. High level of income inequality are a problem for economic as well a social reasons. The contraction of wealth and production leads to unrestrained power concentrated in a few handfuls of people. The wealthier they are, the more power they seize, the more power they seize, the wealthier they get. These monopoly powers are increasingly post threat to democratic society and the value it based.
French Economist, Thomas Piketty, believes that inequality rise when the returns to capital(r) exceed the growth rate of the economy (g), which means the quantitative ease money did not flow into production, instead it went into stock market for speculation return. American Economist Paul Krugman pointed out another explanation for inequality is inherited wealth – around half of the wealthiest ten Americans inherited their wealth. According to Thomas Piketty, in United States, top 1% have accounted for 95% of the income gain, leaving the bottom 99% with just 5% of the gain between them. The richest 1% in American accounts for one fifth of all the country’s income. In Britain, the top 10% receive over 40% of the income. In Germany and France, it is over one-third.
The dramatic rise in inequality all over world in the past few decades suggests that the democratic approach is under challenge everywhere, equality in opportunity is a lip service when a handful of people can just live on their inheritance and can wedge unrestrained power to manipulate the world.
Capricorn is about structure/system. For a society, it is government. What is a government for? John Lock’s Two Treatises of Government had tremendously influenced United States and many other western countries in their advancement into a modernization of political system/government setup to reflect the notion of Liberty, Equality and Justice for the common people. Another economist of classical time, Alfred Marshall, said: “the function of Government is to govern as little as possible, but not to do as little as possible.” He saw the government’s role more as that of regulator than as provider of goods and services. Ensuring that businesses acted lawfully, that products were of good quality and fairly pried were the sorts of tasks that government should undertake. And there shouldn’t be a large number of bureaucrats.
A government should be the guardian of common welfare, the protector of the universal value of fairness, equality and freedom of a love and kindness society; the moderator for a proper smooth functional society that stimulate the evolutionary development/creativity of each individual, alas provide essential support for fundamental safety net, the educator/regulator of ethic standard, an a worldview that reflect the universal truth.
Alfred Marshall believed that government could help to reduce poverty by improving the skill set of the poor to make them more competitive in the market. Marshall opposed nationalization on principle, except for natural monopolies, which are industries such as utilities where it is efficient to have one firm, and only accepted government involvement if it meant the task could be carried out more efficiently. This was in line with his opinion that economic prosperity depended on the forces to competition. He accepts fiscal policies designed to alleviate poverty.
Recently, American Economist Paul Krugman, wrote a piece of article, entitled AOC’s proposed higher tax rates on top incomes is “backed by solid economics”, in response to the right wings’ attacks on Alexandria Ocasio Cortez’ proposal to raise tax for the high income people. I do believe that his type of suggestion/proposal/discussion is a better proposal for achieving liberty, equality and fairness in the society and the world at large.