Delusions of capitalism
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The delusions of capitalism describes the biggest crisis of our time which is also an opportunity of our generation to make a change in our global community.
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Delusions of capitalism
- 1. The Delusions of Capitalism A Generation Call For:
- 2. The Delusions of Capitalism The false dawn of capitalism is an opportunity not to be missed by our generation
- 3. Pyramid of Capitalism How Did This Happen?
- 4. The industrial revolution was a great time for PROFITS ?
- 5. Profits = Productivity - Wages Productivity PROFITS Wages
- 6. The Age of Depressed Labor Under capitalism ‘machines’ employ labor, humans become means for increasing productivity Human capabilities are Displaced .
- 7. Real wages fall dramatically For 70 Years !!!
- 8. Real wages keep on falling Less demand for workers displaced by technology Cheaper labour overseas Women go back into the job market Immigration
- 9. Where have all the Profits Gone ?
- 10. The Banks
- 11. Banks Lend out Profits AS MORTGAGE To US……..
- 12. Are We Better Off ?
- 15. Banks make even more profits Insuring and selling ‘toxic’ mortgages
- 16. The Banking crisis Banks have been the main user of MBS (40% of cumulative total). Strong competition in a deregulated market has made Subprime based CDS attractive to boost Banks profit rates. The use of securities baskets by banks has decreased transparency.
- 17. The development of Mortgage Based Securities MBS are a kind of insurance system for the Sellers and they are attractive bonds for buyers But MBS have spread the risk throughout the financial system and everybody can become an insurance company if it buys a Mortgage Security
- 19. Mortgage Based Securities: an industry which grew too fast... MBS have developed extremely fast in 8 years. Risk has been spread-out among Banks and Hedge-Funds
- 20. Stagnate wages and Mounting Debt
- 21. US Household indebtedness in GDP %
- 22. The US Debt is increasing fast.
- 23. USA Mountain of Debt
- 24. What Next ?
- 26. A Social Innovation Approach A new Social Innovation compromise would change institutions so that wages (including the social wage) are reconnected to productivity growth. Profits are distributed among employees, and they make production and location decisions. Limits on CEO compensation, revival of labor, time allocated to innovation and management decisions by employees. Greater social spending on health, education, environment and infrastructure.
- 27. Champion Comes from the Crowd
- 28. Individual supported by enterprise And the Community
- 30. What is Social Innovation ?
- 32. How Does it Work ? Government Social Network Social Impact IDEA Value Opportunity Knowledge Financing
- 33. Sales of social consumer goods
- 34. Create Social Value & Get to keep the profits
- 35. The Delusions of Capitalism Dr. Boaz Bernstein Managing Director Career Resumes Cairns, Australia June 2011 www.Careerstampresumes.com.au Email: bernsteinboaz@gmail.com http://www.facebook.com/boaz.bernstein
Editor's Notes
- [9:12:08 PM] Lindundi: There’s a famous 19th century caricature of capitalism called “The Pyramid of Capitalism” that depicts the economic system of Adam Smith as tiered economic cake. The workers on the bottom hold up the pyramid proclaiming “We feed all.” The well-dressed and well feted rich form the next layer proclaiming “We eat for you.” Then there are the soldiers who “shoot at you” and the priests and ministers who “fool you.” At the top are the lords and politicians who “rule you.”