`Wall St. Rediscovers "The Source"
Every once in a while, we might get just a "peek" at the future. Yesterday, that happened for me as I watched Lehrer's News Hour on PBS.
Just about everybody who considers themselves "educated" on this "Ball of Confusion" understands by now that the true "source" that produced what we regard today as European Culture and Wealth, was the uterus of the non-white female in the Americas. If you have read Frederick Douglass' autobiography, you know in detail how the Masters of old "generated" and processed the offspring of their slaves. Some masters used slave women to "train" their sons sexually, thereby "lightening" the crop of babies. The British (or English, if you prefer) were best at recognizing that slavery, and the agriculture that it supported, provided far greater wealth than the output of the extractive pursuits of the Spanish. There were Pirates, also, who bled off some of the wealth of the ores from the mines. Europe "ended" their participation in the Atlantic Slave Trade as they "advanced" to colonizing Africa (and other places that had non-white women to exploit). The role of the non-white male in all of this bears scrutiny also; then, and now. Ancient, and "Europeanized" religions come in for close scrutiny also.
Now, in the early 21st Century, the British, after profitting from, then, getting credit for "ending" slavery, once again are showing Wall St how to find new wealth from this old source. Schlesinger tells us that Margaret Thatcher "marvelled" at the ability of the United States to assimilate and "manage" this source of wealth, over time. Think of our struggles over education, voting, "equal" accommodations, Civil Rights, etc., and you can see the tools that were developed.
"The Social Impact Bond is the new wrinkle! ttp://www.pbs.org/newshour/businessdesk/2013/03/how-modern-finance-promises-to.html , it is an investment tool that Wall Street is considering; it allows investors to kid themselves that they're "doing good", while they continue to "do evil". They also can make a sweet profit. Recidivism of non-white youth, caught up in our school-to-prison industry, is highlighted in the report by Paul Solman.
If this new "Captialism" works, we can say goodbye to the creation of the Founders. We will no longer need a President, Supreme Court, or Congress. The new, corporate-driven, socially responsible, market-place will take over?
Stay Vigilant!
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