View Points and Commentaries from an Open Minded Indian Chemical Engineer - A Silent Observer of Human Achievements, Trials and Tribulations. The blog articles deal with several topics of human interest covering engineering, management, politics and above all the principles of good living based on the author's study of the Urantia Book!
Thursday, January 23, 2014
Plutocracy: Know More About this Subtle Economic Evil that is Slow Poisoning this Earth to Catastrophe!
Have you ever heard about this word Plutocracy?
Since you are reading this blog in English, the chances of you knowing about Aristocracy, Democracy, Bureaucracy and Technocracy could be a better possibility. But plutocracy is a relatively a new term and in the 'free market' and 'liberalized' world order of the current times, it is very very important to know more about it, if you haven't known about it earlier.
Plutocracy is the situation when a society is indirectly ruled by a few rich individuals. It is the situation when a handful of the wealthiest people indirectly controls the country or the world and its governments and the people.
If you have the intelligence, capacity and interest you should consider knowing more about this by reading about it in Wikipedia.[ Read about Plutocracy in Wiki by clicking here!]
Now you should consider reading the research article by the Global Research Centre for Research on Globalization on Global Plutocracy. Let me quote a few lines from this article which warns us about the modern economic evil called plutocracy:
There is no parallel in human history to the immense concentration of wealth that exists today, nor to the extremes of parasitism and decadence that constitute the “new normal.” Contemporary capitalism—what the ruling class and its political and media flunkies call the “free enterprise system”—has created a world in which every policy decision is dictated by the need to protect and increase the wealth of an infinitesimal portion of the world’s population.
This global plutocracy—by definition, a society governed by the wealthy—generates a huge and ever-increasing portion of the ruling elite’s wealth not from the production of useful products and expansion of society’s productive capacities, but from the manipulation of money, speculation and outright swindling—essentially criminal activities that are destructive of the productive forces.
A few hundred people, backed by an army of bribed politicians, academic apologists, intelligence spooks, experts of all sorts and the repressive force of the military and police, hold civilization by the throat and threaten to destroy it to satisfy their insatiable greed.
This social—or, to be more precise, anti-social—element is virulently hostile to the people, contemptuous of democratic rights, and militaristic.
In its effort to expand its personal wealth, it relentlessly attacks the living standards of the working class—the vast majority of the population. All over the world, governments controlled by the plutocrats impose ever more painful austerity, cutting wages, slashing jobs, dismantling social programs, closing schools, gutting health care. State treasuries are emptied to provide bailouts to the banks and corporations and central banks pump trillions into the financial markets to drive up stock prices, corporate profits and CEO pay. All legal restrictions on profit-making are lifted.
If a few persons are managing the wealth of the nation or the globe wisely, I should not have any problem with that. Rather no one should have and we should be happy. But if they draw their wisdom from evil sources and not as per divine guidance, then they are perhaps becoming agents of evil forces either knowingly or unknowingly. The end result would be catastrophe or painful destruction and misery.
When some one becomes a victim of slow poison, it is not very easy to understand its effects immediately. But end result is sure.
How do you know whether you are an advocate of plutocracy?
You should consider reading this blog too where you can read about the divine advice regarding management of wealth . What could be done to prevent plutocracy from slow poisoning our world to catastrophe? It is time to think!