Pol. Ideology 54: On the Multiple "Death" of Capitalism

A friend who considers himself a "social liberal" reposted in his fb wall Akbayan Party's "progressive books", one of which is this book published in July 2013 and written by Cong. Walden Bello of Akbayan. I commented that pallpak na naman (a loser) si Walden Bello and other socialists. Capitalism's last stand? Which is... facebook? twitter? youtube? coca cola? samsung? toyota? shimano bikes? When socialists keep using capitalism's inventions and innovation, they are in effect recognizing capitalism's dynamism.

My friend commented that “history has shown the excesses of both planned socialism & laissez-faire capitalism”.

The irony here is that while the world has seen several full socialist, full central planning economies (USSR then, E. Germany and other E.Europe, until the fall of the Berlin Wall in 1989), the world has not seen a full laissez faire capitalist economy. Mention ANY country especially in recent period where such economy is not regulated by SEC, Finance/Internal Revenue, Trade and other Departments or Ministries, Local governments, etc.  My bet is that No such economy or country exists.

Friendster capitalism was killed not by any socialist revolution or workers' insurrection, but by facebook capitalism. When socialists themselves like Walden Bello, Satur Oampo, other Akbayan/Bayan Muna leaders also hug and embrace many products and services of capitalism, from facebook to youtube, yahoo, google, samsung, etc., the term "Capitalism's Last Stand" is a comedy.

The book has a review here, portions of it says that

"collapse of the global real economy - covering such issues as the Wall Street meltdown, the disintegration of the Greek economy and the rise of China..." – amazon review of “ Capitalism's last stand”

See, he's doing a comedy. "Collapse of the global real eonomy", when, where? Visa, mastercard, Citibank, HSBC, Shangrila, Hilton, Peninsula, Toyota, Ford, BMW, Kia, etc. they are all alive and kicking.

"Death" of capitalism

Capitalism has "died" more than a dozen times in the past. It "died" during the Depression, it again "died" during WW1, "died" again during WW2, during the 70s oil crisis, during the 1987 stock market crash, the 1997-98 Asian finanial crisis, the 2008-09 US housing bubble, the EU debt crisis of 2009-2011, and by Walden 's analysis, it should have died last year too. And it will die again this year. And next year.

Philippine left's website popularity

Leftist and socialist philosophies permeate many societies' public policies. It is easy to spot the groups and individuals who advocate these philosophies. How? Just observe their language and policy pronouncements: Personal and parental responsibility, individual liberty, these are strange concepts for them, you seldom or will never, find such terms in their literature. Instead, you will find these keywords very often -- "more government responsibility and intervention", "more government regulation and taxation", "social equality", and sometimes, "nationalist industrialization."

The most leftist organization in the Philippines of course, is the Communist Party of the Philippines (CPP) and its armed wing, the New People's Army (NPA). These groups are fighting for, nothing else but communism in the Philippines (with transition stage in "national democracy" then socialism then communism) via armed struggle and armed revolution.

Both CPP and NPA have no websites of their own. The National Democratic Front of the Philippines (NDFP) handles their online presence with its website, http://www.ndfp.net/joomla/.

I checked its global traffic rank via alexa.com, somehow high: