Capitalism dies, says Iran

Ahmadinejad Say Capitalism Dying

So, I thought to say that you really can't blame an ideology, but if you have an ideology which at its core is based upon the dominance of a few with money, which is an ideal I think a lot of proponents of capitalism would endorse today, then you're going to get out exactly what you would expect to get out. Of course, capitalism is a tricky term. A lot of people use it interchangeably with 'free market' economics, but that's not necessarily how you have to think about it. I could imagine a free market economy without capitalism; the most obvious example is an economy that has no monetary system. I suppose it all comes down to how you want to define things, but since you can have a free market without money, but not capitalism without money, I really don't think you can in any way use the terms interchangeably.

I think capitalism must die, because it has become...well, it is perhaps the one thing in the world which has actually become 'more and more like itself.' Modern capitalism is less an economic system than it is a religion, and I think the echoes of Marx's 'commodity fetishism' are obvious here. People actually believe that if you just have this 'capitalistic system' whatever that entails, then things will judiciously work themselves out. There's just no reason to believe that; its a faith statement. You might as well suggest we not have laws because ethics will work itself out naturally (if people start killing each other, the ethics market will immediately and naturally punish them).

I'll comment on this some more later maybe.