Brilliant breakdown of how stakeholder capitalism morphed from free market ideal sinto extraction machinery. The COVID case study is especially precise on how P3s guarantee profit upfront then saddle taxpayers with invisible costs through inflaton and liability waivers. I saw similar dynamics play out in municipal infrastructure deals where "partnerships" turned into one-way wealth transfers with no accountability when things went sideways. The comparison to crony capitalism isnt harsh enough, this is legalized plunder with a corporate social responsibility veneer.
Thanks for sharing this information from Catherine Austin Fitts (Solari) and I. With respect to the comments below, Catherine (and economist Richard Werner) recommend a system not dissimilar to that of the sovereign State bank of North Dakota, which has a proven track record; but in this case, public banking in conjunction with State gold depositories. I would suggest this could be the best of both worlds (no need to reinvent the wheel) :-) I hope to expand on this sometime (and thank you for everything you do here), David
I think Catherine Austin Fitts is too steeped in the old ways. She wants reform but this IS the best. Talk of building wealth and eradicating poverty using a debt money system is bunk and she ought to know it. If you mean business, you mean business. You don't want to start a new world using the old culture. We have to start a whole new culture, one that uses economics for now, till that develops a new mind culture where money isn't used as a cudgel by banks. We can transfer numbers now just as easily as banks. Would CAF consider discussing such a thing as starting all over, afresh and anew?
Brilliant breakdown of how stakeholder capitalism morphed from free market ideal sinto extraction machinery. The COVID case study is especially precise on how P3s guarantee profit upfront then saddle taxpayers with invisible costs through inflaton and liability waivers. I saw similar dynamics play out in municipal infrastructure deals where "partnerships" turned into one-way wealth transfers with no accountability when things went sideways. The comparison to crony capitalism isnt harsh enough, this is legalized plunder with a corporate social responsibility veneer.
Thanks for sharing this information from Catherine Austin Fitts (Solari) and I. With respect to the comments below, Catherine (and economist Richard Werner) recommend a system not dissimilar to that of the sovereign State bank of North Dakota, which has a proven track record; but in this case, public banking in conjunction with State gold depositories. I would suggest this could be the best of both worlds (no need to reinvent the wheel) :-) I hope to expand on this sometime (and thank you for everything you do here), David
I think Catherine Austin Fitts is too steeped in the old ways. She wants reform but this IS the best. Talk of building wealth and eradicating poverty using a debt money system is bunk and she ought to know it. If you mean business, you mean business. You don't want to start a new world using the old culture. We have to start a whole new culture, one that uses economics for now, till that develops a new mind culture where money isn't used as a cudgel by banks. We can transfer numbers now just as easily as banks. Would CAF consider discussing such a thing as starting all over, afresh and anew?