Newton's Bankruptcy Simplified

One of capitalism's most persistent myths is that the economy is unpredictable: it's a system so complex that, although it abides by ironclad laws, it's behavior can never be accurately predicted. When our world economy failed after the 2007 / 2008 financial crisis, all politicians and economists knew exactly what the causes were, but they all said they "never saw it coming."

_{Image by geralt - source: Pixabay}

This is such nonsense; capitalism is built to periodically fail, and fail hard. We've gone through the same cycle for centuries; 1637 was the year the Tulip Mania bubble collapsed; this was the world's first introduction to the many ways stock markets can blow up as a result of extreme FOMO. This was a Golden Age for Dutch society and all through the 1600s the Dutch had the highest per capita income; note that every major crisis in capitalism follows some form of "golden age," like how "the roaring twenties" preceded the "Great Depression."

In the year of our Lord 1711 the British stock company, created as a public-private partnership, the South Sea Company was founded. This company was created to consolidate and reduce the cost of the British national debt by turning the debt into an asset and selling shares of the debt to investors and the public. The British were involved in many wars back then, because in those days THEY were at the head of the world empire, taking over from the Spanish and Portuguese, and handing over to the United States of America after the Great War, effectively when the Federal Reserve Act was implemented there in 1913. The now infamous "South Sea Bubble" lost millions of British people their life-savings, one of which was the great Sir Isaac Newton; when the bubble burst in 1920 he lost a lot of money because the stock-price fell to it's initial floating price.

Joseph Spence wrote that Lord Radnor reported to him "When Sir Isaac Newton was asked about the continuance of the rising of South Sea stock... He answered 'that he could not calculate the madness of people'." He is also quoted as stating, "I can calculate the movement of the stars, but not the madness of men".
_{source: Wikipedia}

We've been here a thousand times before. Yes, the economy is a very complex system, but like all other complex systems, it is based on simple rules; this is the very premise of the study of complex systems, that complex networked behavior is governed by simple basic rules for all nodes in the network. Capitalism's rules are as simple as they get; ownership equals control (power), and the overriding rule for every node, every agent, every person, government, company, is to accumulate ownership. The language we use to communicate value is money, which represents the amount of ownership, power and control. So if you want to know who rules the world, you need to know the very simple rules of capitalism and FOLLOW THE MONEY. No conspiracy theories are needed here, no all seeing eye or shady organisations with lofty titles like the "Illuminati." Sir Isaac Newton lost his money to the greed of men as codified in capitalism's rule of accumulating profits, as did all the victims of all other crises that followed.

Watch this little TED talk from 2012, four years after the latest financial crisis, to see how control is accumulated globally in the hands of a few multinational corporations, or TNC's (Transnational Corporations), as they're called here. There are no easy solutions to this problem, complex systems are called complex for good reasons, but we must be willing to consider the probability that the solution entails a revision of the simple rules that govern the behavior of the nodes in the network of the global economy...

_{Who Controls the World: James B. Glattfelder at TEDxZurich}

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