#Blockchain Technology will be the end of 21st Century Capitalism
Mixed opinions, but please keep an open mind
I have been wanting to write this Blog for sometime now and publish it here on #Steemit.
I have decided that now is a great time to share it with you.
I am sure that this Blog will be met by mixed opinions, but please keep an open mind when reading it.
I look forward to reading what you think and please feel free to leave a comment.
Here goes...
Cracks in the 21st Century Capitalist System are already showing clear signs of failure
There is no denying it, but 21st Century Capitalism is facing an existential crisis and hopefully this Blog will help explain what is really happening, what is going to happen and how #Blockchain Technology will play a major role in the collapse of 21st Century Capitalism as we know it.
There are many factors that are driving the demise of the collapse in 21st Century Capitalism and it is a combination of many factors, that after decades of: Manipulation, Deceit and Fraud, have finally come to the end game that is now set to trigger its collapse.
Timing of the collapse
Regular readers of my Blog will know that I am not perfect at predicting when a specific event will occur, but simply focus my attention on the fact that it will.
The truth is, I do not know that 21st Century Capitalism is actually in its final end game and do not believe that anyone else knows that it is either, all I can say is that if it is not already here, it is for sure coming.
This I can guarantee.
It is always clear years after the event
What is always clear after any event has ended, it that it only becomes clear years later when the end occurred.
No one will know for sure exactly when the end of 21st Century Capitalism began, but for sure we are already in it.
With over +30 years experience in the field of: Construction, Finance, Commerce, Banking, Trade and Business, what I am confident to say that this is without doubt the worst condition of Global Capitalism of my lifetime and one that has also been for many decades.
Many so called “Experts” and leading Economists
Over the years I have studied many so called “Experts” and leading Economists from the left wing, the right wing and dead centre and not one of these experts can specifically tell you how the Global Financial System got itself into the current situation and what to do about it.
The interesting thing however is that everyone I speak to all agree that this is the worst condition of Capitalism we have all witnessed.
This is a great starting point and a very significant comment to appreciate and fully understand.
What are the conditions that everyone recognises
In order to move forward, we have to look at the conditions that everyone recognises are at the core problem of Capitalism, as this clearly lays the foundations of what is currently happening.
First of all, you have to look back at the end of the Soviet Union and the explosion in the People's Republic of China, which both happened at the same time as the opening up of Western Capitalism in North America, Europe and Japan.
It was at this time that we witnessed an immense explosion in the Working Class that were willing, able and eager to work as employees for Capitalist Companies.
In reality, they had no other choice.
Working Class born out of the Industrial Revolution
It is this huge shift in Working Class born out of the Industrial Revolution of the last Century shifting from the West to the East which has to be the starting point, as the equally skilled and lower paid workers were willing to carryout the same work as those that had previously demanded a higher pay.
It was the Capitalist Companies that looked at how best to take advantage of this Global shift in cheaper and more profitable labour that they quickly seized upon.
It was simply this mass number of poor and yet capable workers that were taken advantage of.
Desperate, willing and able to work for less wage
Some Capitalist Companies brought in immigrants, desperate, willing and able to work for a less wage.
Other Capitalist did everything in the total reverse by moving their production from their home Countries of Capitalism into those Countries such as: China, India, Brazil etc.
This major shift in the Working Class effectively plunged Capitalism into a major crisis, as while it makes a very small number of people very, very wealthy by substituting lower wage workers from the higher wage workers, it ultimately presents itself with a consequential and fundamental crisis now for the Working Class of Western World including North America, Europe and Japan.
Effectively what is really happening is that the Capitalist System is forcing the Working Class in the developed Western World down to that of the level of the Emerging Underdeveloped Countries rather than the reverse.
It is this plunging of the standards being met by the Working Class in the developed Western World downwards that is the major problem.
This has never been explained
This shift in Working Class has never really been fully explained to the Working Class of the Western World which has resulted in the ultimate net deterioration of the Social Welfare System and Democracy.
It is this deterioration in the Working Class and Democracy that has now resulted in agitated workers looking for change, as the distribution of wealth is effectively now concentrated to the new Top 5%.
Political impact of distributing the wealth to the Top 5%
Recognising and accepting that the distribution of wealth to the Top 5% is real, at the same time as plunging the Working Class into a declining and frightening situation has to be managed.
Failing to manage this declining and frightening situation will result in a political explosion that would be unthinkable and one that could never be defeated.
Management of wealth transfer
This management of wealth transfer is no different from the time witnessed in the transition of the Industrial Revolution from the past Century.
Without a managed transition, it will be the Financial Institutions that will be ultimately overthrown and this will be a catastrophic problem.
Capitalism is now the custodian of Democracy
What very few people know and fully understand is that the Political System has in fact been bought by the Top 5% who are now effectively managing everything in an attempt to keep a lid on this Global transition and migration of labour and the Working Class.
By taking control of the Political System by the Capitalists in essence tears up Democracy and the Democratic System.
Effectively, Capitalism has bought the Political System and is now the custodian of Democracy.
Anyone who still believes that there is true Democracy in the Western World are sadly mistaken.
If it works then everything is OK and if it doesn’t, this is a major problem
By effectively buying the Political System and the core foundations of Democracy is OK if everything works, however, should it fail, the consequences would be catastrophic and unlike anything seen before.
Shift of the 19th Century European and Western Capitalism. The Controllers and the Controlled
In the places that Capitalism has moved, that is: China, India, Brazil etc what has really happened is purely a shift of the 19th Century European and Western Capitalism.
It is simply a new era of Capitalism that has transformed those societies by moving hundreds of millions of people off the land and into the Cities and Industries.
It is the shifts in these societies that is also creating economic problems simply due to the speed in which the migration is taking place.
So, whether you are in the area that 21st Century Capitalism is moving out off or in the area that 21st Century Capitalism is moving into, there is very clear evidence of friction between those that are controlling the transition and those that are being controlled.
The result of this friction is still very much unclear by those controlling these Societies as to whether they are capable of managing this transition or whether they actually end up contradicting the shift.
21st Century Capitalism has created a network of problems that it cannot solve
The current system of 21st Century Capitalism has created a network of problems and Systemic Risk that it cannot solve on its own and this is where #Blockchain and the Distributed Ledger Technology steps in.
Over the last few years it is very clear that there is a new emerging direction that will not only address the areas of: Law, Regulation and International Agreement, but one that will address the Systemic Risk of the current corrupt and fraudulent System.
It is by recognising the Systemic Risk we face in the current System that the only rational approach we can now take that will allow a more manageable approach to this fast approaching crisis, is a total rethink.
You have to be critical of 21st Century Capitalism and its dead end
In order to fully appreciate the problems the World now faces you have to be absolutely critical of not only 21st Century Capitalism and its dead end, but also the Socialist history from which we have come from.
The Socialism System we have inherited from over the last Century has been very successful but sadly insufficiently profound.
It is this insufficiently profound Socialism System that has to be now seriously addressed.
Public ownership of the means of production and planning
Socialism has always said the greatest problem with Capitalism is the privatisation and ownership of the means of production and the markets.
In essence, what really should have happened was public ownership of the means of production and planning only, as oppose to the public ownership of these and the entire market as a complete package.
To put it simple, The Capitalist System owns everything..!!
You have to go to the core of the work place and address the issue at source
In order to address this current problem of the ownership of production and planning you have to go to the core of the work place and address the issue at source.
Basically, in order to fully address the Systemic Risk of the 21st Century Capitalism you have to totally revolutionise the work place like it has never been done before.
Whatever you think about Government Ownership, State Enterprises or Central Planning has to be totally rethought and you have to think what it would look like if you radically transformed the working environment.
A complete reinvention of the whole System, starting with the Work Place.
Workers Co-operative
To make it very simple to understand, I am talking about a radically transformation of the work environment and one that can be simply looked upon as a Worker Co-operative.
Effectively, every work place would change and the decisions to working environments would be made by the workers in a democratic fashion.
In a nutshell, democratically, one Worker, one Vote..!!
What you will therefore see in effect in each Enterprise, in each Factory, in each Store and in each Office, the workers would collectively decide what to produce, how to produce, where to produce and what to do with the profits.
Like I said, a total re-think.
By giving the worker the role of both Employee and Employer it will destroy the foundation of Capitalism as we know it and at the same time as allowing a fully manageable and addressable measure of the Systemic Risk we now face.
Tokenized Economy
As more people wake up to the limitations of the way that 21st Century Capitalism can scale up, by simply accepting that there is not one Person, one Entity, one Institution, one Government, or one Central Bank on the Planet smart enough to calculate the Systemic Risk of the current System, then the sooner we move on to the New System, the better.
I have absolutely no doubts whatsoever, that #Blockchain and the Distributed Ledger Technology will be the end of 21st Century Capitalism as we know it.
Cracks in the Capitalist System are already showing clear signs of failure and it is this failure in the System that is making way for a future that will now see a totally Global Tokenized Economy.
Conclusion
Capitalism is finished, simply because of the fact that no one thought about the management and measurement of the Systemic Risk of failure to the System and it won't be clear as to when the end occurred, until way after the event.
All I can say, is that by this mere lack of addressing the management to measure the Systemic Risk of Global Capitalism is by definition a failure of the System and it is this fact alone that I strongly believe that 21st Century Capitalism has already failed..!!
Thanks for reading.
Stephen