ole kristensen

3xw.ole.kristensen.name

1. omgdidisaythat 10.14.08 / 11pm

   Pal, what is this rot you and many other keeping talking, why is it the end of capatalism? As far as I can see capatalism is working perfectly and everything is fine, if you do not agree, you probably fall into one of the following groups.

   1) you knew all along exactly what capatalism is and knew this day was coming and it is just as upsetting as you imagined.

   2) You were one of the F****** idiots who thought capatalism was a good idea for you, gave it no thought and are now wondering around scratching your balls with that ‘WTF happened’ look all over your chevy.

   3) You never think about anything – eh?? – so why are you worried?

   4) You think that because it is YOU that capatalism screwed over this time, it’s going to stop and reconsider it actions. No chance.

   Capatalism is working fine and does not you or me thank you very much.

   The BBC is as sharp as bag of spanners :/ I hope you were suitably sarcastic.

   btw, can I move in to your squat for a bit ?

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2. omgdidisaythat 10.15.08 / 12am

   “what has ended i maybe the belief in the self-regulating market, the milton friedman model” — god bless us. if only. Saldly those good for nothing labotomised humans calling themselves libertarians think that its because the government interfered and made the banks do it by lowering interest rates ……

   as i wrote the current crisis it not one of capitalism, but governance…. I would disagree , capatalism is not a suitable system for any man unless he is riding the top of the capatalist cycle. Unless by ‘governance’ you do not mean traditional free market capatalism.

   imho banks operating a fractional reserve system should not be part of a free and open market and should be consolidated and jointly owned and known as Government. The right and duty of creating money is for a government only.

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3. olekristensen 10.15.08 / 12am

   hey omgdidisaythat

   thanks for your comment. no, i do not believe capitalism is ending, so don’t be mislead by the eye-catching title from the bbc. but neither do i belive in the way some people have played the system for greed.

   what has ended is hopefully the the belief in the self-regulating market, the milton friedman model.

   i’m afraid you make an awful lot of assumptions in your comment. first of all capitalism is not people, it does not have intention. that is why regulation is needed. people in power have lacked the courage and possibly morality to intervene, deciding to leave the market on it’s own untill now, where it is approaching suicide.

   and no, i don’t think capitalism or any other system – on it’s own – is a good idea for me. the world is far to complex for that.

   the will to regulate has to come from the people who depend on a well functioning market. ie. (democratic and non-corrupt) governments, who give incentives to sustainable business, monitors financial players and punishes those who act irresponsibly.

   as i wrote the current crisis it not one of capitalism, but governance.

   it’s quite easy to move into christiania, though it is regulated by the fourteen areas. you have to go there and ask if there are any vacancies. if there is, you can apply in person at a meeting in the area, and the meeting decides who can move in, based on whom they trust to live with in absence of constructive police-intervention.

   generally, people in christiania would love to have space for more people, but the major problem is the Danish state, that not only forcefully imposes a moratorium on construction, but also denies rights to newcomers, rights they have granted the oldtimers, possibly to enforce a split and stifle the community,

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4. olekristensen 10.15.08 / 12am

   yep – i edited the post – i also sometimes read a bit to fast, so my answer was less comprehensive than i would like it to be :/

   i do not mind that people can profit from their own work, and it’s ok that you can lend some money, if ie. your parents cannot afford to get you started.

   again – there are ways that a legitimate government with strong regulations can work constructively with a free market. denmark is actually one of the places where this works robustly to the benefit of all.

   but – what we have seen is an overaccelerating global economy that has split the role of a person into more or less seperate categories, depending on the nationality or fortune of the people in question. the roles can range from slave to consumer and anything inbetween.

   when both overconsumption and slavery is used to fuel a system of value exchange it is not cyclic, and will come to a halt.

   this time the halt came from the consumer’s side – they are the few in this game, and they ran out of money. the less fortunate have been suffering all along.

   such a linear system needs – on all levels – to become cyclic for it to work. this is a big global effort to alleviate the poverty that enables slavery, enforce global regulation on finances and stop the plundering of natural resources.

   i hope this is a chance for a such change, though i share your fear that the people on top of things might feel invulnerable enough to work against long-term solutions. i guess gold is up.

   Reply
5. omgdidisaythat 10.15.08 / 12am

   olekristensen,

   I think it is cyclical, and the long ride at the top that many western countries have enjoyed has been prolonged by state and EU intervention.

   I would argue that many chinese and indians have effectively worked as slaves. Work for FA to survive or die, is not really freedom in my book.
   It is now our turn (I am in the UK) to watch our lifestyle decline fast. I fear for American even more and think the chance of martial law is very great. If that does happen for some Americans, this will be like slavery.

   It’s all a messy business.

   Once capatalism finishes with it’s new home it will move onto somewhere else, and quite possibly one day back to us. This is the cycle.

   I would like to think you are right about a global effort, but I am sure you are not. Thats very sad.

   I will add your blog to favorites I think

   Reply
6. olekristensen 10.15.08 / 1am

   what do you mean by cyclical? if it is on a temporal scale, as in it goes up then down then up then down with a seven year cyclus, then i understand your last comment.

   when i say cyclic in conjunction with economy and global finances, it is a term i borrow from a norwegian economist that talks about how to structure a value exchange with less externalities, reuse of material resources and where a worker gets a more proportionate share of the value he/she generates.

   so for me it is about how to make economic models live up to the energy flows. for years we’ve been acting as if capital was a unique form of energy that did not have to follow the basic laws of thermodynamics when floating around.

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7. omgdidisaythat 10.15.08 / 1am

   By cyclical I mean that capatalism is not interested in people, the free market capatalism is interested in profit.

   It will , where it is allowed destroy its own source of survival, decay with that destruction, die, and then be re-born to begin again. Now when the market is able to bring down the economic fabric of that society , somthing will appear to replace it, normally some form of exremeism and an economically poor nation.

   Capatalism however will survive and flourish elsewhere until , if allowed it will destroy itself there. I believe the only reason you do not see this cycle more often is simply that governments ‘interfere’ to protect the population and often have a fear of the reprisal of the population.

   If you feel that banks cannot be left to create money and that it should be controlled by government for the benefit of the nation, then it is hard to feel the same way about supply, production and trade.

   I believe this is what we are seeing in the EU. A new kind of fascism.

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8. olekristensen 10.15.08 / 2am

   well, i’d go lightly on the fascism terms. we have branches of government and politicians who care whether we like them and depend on mandate, not from military leaders, or only the rich, but voters who vote regularily.

   there has, however been a deterioration of the majoriy’s tolerance towards minorities.

   right now, i hope that there will be a sound response from the e.u. – on many occasions the european institutions have actually been very vocal in their criticism of the member states, when their practices were inhuman, racist or otherwise. in fact, some of the best danish politicians are working in the eu parliament to reform the market.

   preceding this crisis in financial capital, we have in denmark suffered an incredibly steep decline in social and moral capital. this has spread to national policymakers, who are preoccupied with keeping on top of the financial turmoils that stem from an accellerated competition in globalisation. meanwhile they’re just nodding and profiling themselves to their percieved average voter on self-reinforcing declines of diginty, respect and dialogue with minorities. this has fueled nationalism coupled with irrational fears, from which extremist politics have arisen.

   these new populist politicians who play on fear of minorities and nationalism in stead af assuming responsibility and participate in a sound reorganisation of the global financial forces. these are the ones closest to fascism, and the ones i’m worried about.

   Reply
9. omgdidisaythat 10.15.08 / 12pm

   I agree that the EU is often critical of governments actions or lack of them towards minorities; I think the majority gets pretty intolerant towards others when, people get a poor, they worry about something such as war, they have new ideas foisted upon them or see themselves being out numbered by the minority – I think it is important that the minority only have to believe any ot those thing to be true and their tolerance reduces.

   I am sorry that you are suffering a decline in moral capital in Denmark now, sadly in the UK we have had this for a very long time.

   I think in the UK it would also be fair to say that average person no longer has any trust in what the government tells them.

   My fear for the EU and fascism is the large amount of power that the EU now how and the greater amount it wants while at the same time reducing the democratic process by sidelineing Euro MP’s who imho should of course be the head of the EU much like are own national parliaments have been for our countries.

   I find the huge difference between the EU’s claim of democracy and the reality quite scary.

   As for the fascists at a local level or minority haters, these people always exisit , just waiting to hate someone, it is important to tackle this kind of hate with reason and ridicule, but this is not the face of those in real power nor the face of the masses so should not be feared but rather cautiously considered and watched.

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10. omgdidisaythat 10.15.08 / 12pm

    BTW, I am very pro europe, and pro european intergration, just not a fascist one, and not such a corrupt one.

    Reply

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