related: killing jpmorgan with silver bullets on dec11
from dw-world.de:
Ex-soccer star Eric Cantona's plan for people to withdraw all their money from banks has failed. By the time French banks closed on Tuesday, very few appeared to have followed his call. Tens of thousands of people heard the call by former French footballer Eric Cantona to bring down the banking system that sparked the global economic crisis - but few acted on it on Tuesday, the day Cantona suggested his anti-capitalist revolution should begin.
The protests were few, isolated and largely symbolic. One group of activists in Paris emptied their bank accounts from a branch of Societe Generale and opened accounts at the nearby branch of a cooperative bank. But in general, it was business as usual in France's banking institutions.
Cantona, now a successful actor and an icon to many, had appealed to people to withdraw their money from the banks in an attempt to punish the "corrupt, criminal" banking system.
"The three million people in the street, they go to the bank, withdraw their money, and the banks collapse... That's a real threat, there's a real revolution," the ex-football star said in an online video watched by tens of thousands of people in France and beyond.
related econocrash updates:
banksters & gangsters congratulate obama on the glorious occasion of nafta-style korea trade deal
from laissez faire books/
google video:
This informative and entertaining video presentation explains exactly why capitalism has always brought prosperity and why socialism has always brought poverty and suffering. It's packed with the kind of facts you want at your fingertips when discussing these kinds of issues. For instance, did you know that...
* In the 20 years before the factory system was widely established in England, over 74% of London's children died before age 5, largely from starvation? And that after the factory system was widely established, that mortality rate dropped to less than 32%?
* The average income of the lowest 10% of those living in the 10 most capitalist nations is nearly two-and-a-half times as high as the average income in the 10 most socialist nations?
[Wealth of Nations] contains... chapters on the Early Colonists, Industrial Revolution, Inventions, Soviet Gardens, Immigration, Compassion for the Poor, Genocide Records, Socialism's Appeal, Democracy, the U.S. Constitution, and more.
The sections on democracy are particularly persuasive, arguing that democracy is much more compatible with socialism than it is with capitalism, and that the Founding Fathers feared democracy as a road to tyranny. It argues that the great contribution of the American political experience was not democracy but the concept of limited, enumerated powers -- an aspect of the U.S. Constitution that has not been enforced since Hugo Black joined the Supreme Court in 1937.
from corbett report: Every time there’s a problem in the world, there are those who will cry for more government regulations to make it better. Time and again, these interventions make things worse, and yet the same people inevitably cry for the same false solutions. Could it be that there is something fundamentally wrong with the system? Join us this week on The Corbett Report as we interrogate government regulations and the criminals who enforce them.
