Second version of earlier presentation with more themes, slides and issues.This presentation will be often updated and customized.

1. Welcome to Capitalism

2. It's exciting!

3. You too can be a player!
(You have no choice.)

4. Get your share

5. Your share?
Of what?

6. Then & Now
John Steinbeck

7. Behold Capitalism...

8. Questions
1.Where did it come
form?

9. Questions
2.How deep will it
go?

10. Questions
3.How far will it
spread?

11. Questions
4.Can it be
stopped?

12. Questions
5.What's our
response?

13. The bailout

14. $700 billion
“Welfare for the rich. ...
Broke people are about to bail
out rich people”
-Wanda Sykes

15. Why is it that the wealth of a
capitalist country is never
shared but the debt is? -Karl Marx

16. $700 Billion is a lot of money
● $750 billion : cost of the war on Iraq and
Afghanistan
850 million human beings are starving
2.6 billion lack sewage services
800 million are illiterate
640 million children lack adequate
housing...
And so it goes...

17. In your
dreams...

18. (Sigh) More dreaming...

19. So where did this crisis
come from?

20. Confused?

21. Topics for discussion:
FACT:The post war boom
ended in 1974

22. FACT: The “real” economy is in trouble

24. Work Harder!

25. Work Longer!

26. For Less!

27. FACT: It took the destruction and armaments build up of the
Second World War to pull the world's economies out of the last
Great Depression (1929/33)

28. FACT: The sub prime mortgage collapse while
a symptom is not a main cause of the crisis

29. The sub prime myth

31. Where is the US debt at?

32. FACT: Governments have always intervened in the
economy...but always on the side of the capitalists.
The free market is a neo liberal myth.

33. FACT: When you
drive down incomes
you also drive down
consumption.

34. We borrow to survive
because real wages have fallen

35. In 1980,
world
financial assets
(bank deposits, government and
private securities, and
shareholdings)
amounted to 119%
of global
production;
by 2007
that ratio had
risen to 356%.

36. Invest in claims on new value and profit
Let's call that
Fictitious Capital

38. FACT: This is not just a “Financial”
Crisis
...but a crisis of the whole system

39. Rudd to the rescue....
quot;This strategy is
designed to help
pensioners, carers and
families, and first
home buyers.quot;
$10.4 billion

40. Do your true blue Aussie duty
and
CONSUME

41. RESPONSE:
1. Stop bailing out the capitalist system.

42. RESPONSE:
2. Nationalise the banks and run them in the
community interest.
Start by re-nationalising the Commonwealth Bank.

43. RESPONSE:
3.Give pensioners and the unemployed a living
wage now.

44. RESPONSE:
4.Put the entire surplus (and
borrow at least the
equivalent) and invest
immediately in
renewable energy conversion,
public transport,
public health,
public education
& public housing.

45. Those questions again:
1.Where did it come form?
2.How deep will it go?
3.How far will it spread?
4.Can it be stopped?
5.What's our response?