The Liberal Party abandoned the principles of reform and social liberalism and has become, instead, just another piece of political machinery in the service of corporatism.
Eric KieransCapital in money form has no citizenship. It is fungible, an asset capable of moving from place to place in a nanosecond.
Eric KieransCapital movements are no longer necessarily related to the production of goods and services. Through the financial markets of the world, capital movements today are overwhelmingly concerned with the capture of and trade in property rights, the ownership of assets that magnify a corporation's wealth, power, and control. It is what John Maynard Keynes described as "a casino world"-wealth without worth.
Eric KieransThis is the standard procedure for corporate growth these days; one company buys up another on loans that are floated on the basis of future earnings, and the monopoly or oligopoly created in this way produces the necessary funds by squeezing out competition, and passing the costs along to the consumer. The bucket that holds the new wealth is called a corporation.
Eric Kierans