Comments by "Edward McLaughlin" (@edwardmclaughlin7935) on "maneco64" channel.

  1. 117
  2. 39
  3. 36
  4. Just reading a very good book by Orlando Figes: "A People's Tragedy -- The Russian Revolution". He describes the desperate struggle of the Bolsheviks, in the immediate aftermath of their claim to power, with the workers and peasantry alarmed at the extent to which they were suffering; "...there were some Bolsheviks on the extreme left who thought that inflation should be encouraged in order to phase out money altogether. They wanted to replace the money system with a universal system of goods allocation on the basis of coupons from the state." (Does that ring any bells?) Figes goes on to mention an economist of the time, Preobrazhensky, who dedicated a book he had just written, "To the printing presses of the Commissariat of Finance -- that machine gun which shot the bourgeoise regime in its arse: the monetary system." In Figes' own words, "Left wing Bolsheviks saw the ration coupon as the founding deed of the Communist order." Citing another character of the period, a Professor Vasili Vodovozov's accounts are given, of his desperate search for food on a typical day in 1920 Petrograd. It sounds like the accounts that must have stirred Orwell in his description of the near starvation levels experienced by Winston Smith. A man-made hell, of streets crowded with starving people. Again in Figes' words: "The key to this Communist utopia was the control of the food supply: without that the government had no means of controlling the economy and society." We are in the fight of and for our lives.
    23
  5. 23
  6. 23
  7. 23
  8. 22
  9. 22
  10. 20
  11. 20
  12. 19
  13. 17
  14. 17
  15. 16
  16. 16
  17. 15
  18. 14
  19. 14
  20. 14
  21. 13
  22. 12
  23. 12
  24. 11
  25. 10
  26. 10
  27. 7
  28. 7
  29. 7
  30. 7
  31. 7
  32. 7
  33. 6
  34. 6
  35. 6
  36. 6
  37. 6
  38. 5
  39. 5
  40. 5
  41. 5
  42. 5
  43. 5
  44. 5
  45. 5
  46. 5
  47. 5
  48. 5
  49. 5
  50. 4
  51. 4
  52. 4
  53. 4
  54. 4
  55. 4
  56. 4
  57. 4
  58. 3
  59. 3
  60. 3
  61. 3
  62. 3
  63. 3
  64. 3
  65. 3
  66. 3
  67. 3
  68. 3
  69. 3
  70. 3
  71. 3
  72. 3
  73. 3
  74. 2
  75. 2
  76. 2
  77. 2
  78. 2
  79. 2
  80. 2
  81. 2
  82. 2
  83. 2
  84. 2
  85. 2
  86. 2
  87. 2
  88. 2
  89. 2
  90. 2
  91. 2
  92. 2
  93. 2
  94. 2
  95. 2
  96. 2
  97. 2
  98. 2
  99. 2
  100. 2
  101. 2
  102. 2
  103. 2
  104. 2
  105. 2
  106. 2
  107. 2
  108. 2
  109. 2
  110. 2
  111. 2
  112. 2
  113. 2
  114. 2
  115. 2
  116. 2
  117. 2
  118. 2
  119. 1
  120. 1
  121. 1
  122. 1
  123. 1
  124. 1
  125. 1
  126. 1
  127. 1
  128. 1
  129. 1
  130. 1
  131. 1
  132. 1
  133. 1
  134. 1
  135. 1
  136. 1
  137. 1
  138. 1
  139. 1
  140. 1
  141. 1
  142. 1
  143. 1
  144. 1
  145. 1
  146. 1
  147. 1
  148. 1
  149. 1
  150. 1
  151. 1
  152. 1
  153. 1
  154. 1
  155. 1
  156. "Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, Governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth. Those to whom the system brings windfalls, beyond their deserts and even beyond their expectations or desires, become "profiteers," who are the object of the hatred of the bourgeoisie, whom the inflationism has impoverished, not less than of the proletariat. As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery. Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of Society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes "The Economic Consequences of the Peace" (1919)
    1
  157. 1
  158. 1
  159. 1
  160. 1
  161. 1
  162. 1
  163. 1
  164. 1
  165. 1
  166. 1
  167. 1
  168. 1
  169. 1
  170. 1
  171. 1
  172. 1
  173. 1
  174. 1
  175. 1
  176. 1
  177. 1
  178. 1
  179. 1
  180. 1
  181. 1
  182. 1
  183. 1
  184. 1
  185. 1
  186. 1
  187. 1
  188. 1
  189. 1
  190. 1
  191. 1
  192. 1
  193. 1
  194. 1
  195. 1
  196. 1
  197. 1
  198. 1
  199. 1
  200. 1
  201. 1
  202. 1
  203. 1
  204. 1
  205. 1
  206. 1
  207. 1