The movie: “Zeitgeist: Addendum”: the corruption of the capitalist economy; Was Soviet economy really no good?

I have watched the movie: “Zeitgeist: Addendum”, which is very interesting and makes me think whether capitalism is really better than socialism or not. We can watch this movie for free on this site: http://www.zeitgeistmovie.com/index.html

First of all, let me give a summary of the movie: “Zeitgeist: Addendum” [1]. This movie consists of four parts. In the part 1, the Federal Reserve, the central bank of the United States, is severely criticized. In fact, money value is given by only treasury bonds and true wealth is invariably transferred from the general public to the banks. In the part 2, the role of “economic hit men” is described. They put a country in debt, in such a big debt it can’t pay it. Then they encourage a country to refinance that debt and to pay even more interest. Finally, they made a country sell off their resources to foreign corporations. In the part 3, “the Venus Project”, which was advocated by Jacque fresco, is mentioned. The purpose of the project is to develop a resource-based economy with high technology. In the part 4, six actions are suggested: 1) Expose the Banking Fraud. 2) Turn off the TV News. 3) Don't ever allow yourself, your family, or anyone you know to ever join, the military. 4) Stop supporting the energy companies. 5) Reject the Political system. 6) Join the zeitgeist movement.

I think this movie says good things but offers false solutions. I had misunderstood the monetary system for a long time until I watched this movie. As shown in this movie, almost all people don’t understand how money is created and how the politics truly affects society. Thus I want a lot of people to know that the monetary system perpetrated by the Federal Reserve, which has spread in practice to the great majority of banks in the world is, in fact, a system of modern slavery.

In addition, another important thing is the role of economic hit men. We should know the fact that developing countries have been exploited by economic hit men, CIA, IMF, the World Bank, and large corporations which conspire with them. These points are a bad face of capitalism. However, this movie offers false solutions because they are too ideal to come true. I want to discuss this point in detail another time.

Anyway, what I want to discuss is the corrupt capitalist system. A lot of people are conscious that something is very wrong. Then, let’s discuss socialism and take Soviet economy for example. According to this blog [2], we can realize that planned economy is not always inefficient use of resources, although the idea that Soviet economy was no good is so wide-spread. Especially, I was so surprised to know the fact that the GDP growth rate in USSR was higher than all other countries except Japan in the period of 1951-1960.

A lot of people think that socialism aims to realize utopia but in fact brought about autocracy, a terrible massacre of people, low level of life, and so on. That’s why many people think that socialism is absolutely wrong and capitalism is better.

However, we will recognize good points of socialism once we understand the corrupt capitalism system. True, I don’t think socialism is perfect system. But we should discuss novel economic system by knowing good points of socialism or Soviet economy more and bad points of capitalist economy.

References

[1] http://www.zeitgeistmovie.com/index.html

[2] http://aridmoors.blogspot.com/2010/01/try.html