Max Keiser: A Shill for “Laissez-Faire” Capitalism

In a recent RT clip advertising the Kaiser Report, Max explains how society is changing and people are moving away from solely individual self-interest and toward more concern for their fellow citizens, their “network” as he called it. Max realized that what he described was akin to socialism and so he quickly pointed out at the end of his comments that “this is not socialism because socialism has failed.” No proof is given; at least not in this short segment.

If it can be said that socialism failed (notwithstanding there still being socialist countries in existence and others moving in that direction; namely, China, Cuba, North Korea, Venezuela, Bolivia, Eritrea, South Africa to name a few) we must ask why did it fail? The presumption is that the Soviet Union, the pillar of socialism, failed all on its own because its system was critically flawed and inefficient.

There is much more to the story, but the short version is this: The capitalist West, led by the United States, did in fact defeat the Soviet Union and the socialist countries of eastern Europe. They did this through the use of the CIA (whose mission it was to destroy communism covertly since a direct military conflict would be mutually destructive) by employing sabotage, propaganda, psychological warfare, subversion, economic sanctions and other covert means. Socialism suffered a major defeat with the collapse of the USSR, but is now on the rise once again. Can it defeat the evil U.S. Empire this time? Only time will tell.

But one thing I can tell you for sure is that Max Keiser is full of shit. He is a shill, in a long line of shills and pundits going back over 100 years who have clamored for a return to the “real” capitalism that was good and fair. The kind of capitalism where small business could thrive. This kind of capitalism only exists in the imagination of the petty bourgeoisie who simply cannot understand, or as Lenin would say pretend not to understand, that the amalgamation of capital into a financial plutocracy where billionaire bankers rule – this effect of the capitalism system that has come into being – is the very result that was inevitable and understood by those who played the game to win. If you tore everything down and started capitalism all over again, you would eventually get the same result, or something very similar, once again. As George Orwell* said in his review of the godfather of right-wing, market libertarianism Friedrich Hayek’s book, The Road to Serfdom:

” . . . he [Hayek] does not see, or will not admit, that a return to ‘free’ competition means for the great mass of people a tyranny probably worse, because more irresponsible, than that of the State. The trouble with competitions is that somebody wins them. Professor Hayek denies that free capitalism necessarily leads to monopoly, but in practice that is where it has led . . .”

Max Keiser does not see, or will not admit that a so-called return to the “pure” capitalism of his fevered dreams would not lead to the social justice, egalitarianism and freedom that he claims to desire. We’ve seen this act before and we know how it ends.

* I don’t agree with everything Orwell said. He was clearly not a true Leftist, but he nailed this one.

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2 Responses to Max Keiser: A Shill for “Laissez-Faire” Capitalism

  1. beetleypete says:

    They always seem to confuse Socialism with Communism. They are not the same. I also disagree that the systems have failed. China and Cuba are perhaps the best examples of how a modern left-wing country can keep abreast of the tide of capitalism. The Soviet Union, Yugoslavia, and others mentioned, were unstable ‘alliances’ of former sovereign countries drawn together in an often unpopular single government. This is not the case everywhere.
    Best wishes, Pete.

  2. Prole Center says:

    Those are goods points. Thanks, Pete.

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