• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • Mission Statement
  • Commenter Rules
  • Privacy Policy
  • Contact Us
  • Account Access
The Moderate Voice

The Moderate Voice

An Internet hub with domestic and international news, analysis, original reporting, and popular features from the left, center, indies, centrists, moderates, and right

  • Facebook
  • Twitter
  • Politics
  • Society
  • Arts & Entertainment
  • Media
  • Inspiration and Living
  • Economy
  • International
  • Movie Reviews

NO, Not About the Golden Half…

NO, Not About the Golden Half…

Posted on February 27, 2021
How New York’s 19th-century Jews turned Purim into an American party

How New York’s 19th-century Jews turned Purim into an American party

Posted on February 27, 2021
US says Saudi prince approved Khashoggi murder but spares him sanctions

US says Saudi prince approved Khashoggi murder but spares him sanctions

Posted on February 27, 2021
U.S. House approves Biden’s $1.9 trillion COVID-19 aid

U.S. House approves Biden’s $1.9 trillion COVID-19 aid

Posted on February 27, 2021
I Dont Know, What Do You Think: Separated at Birth? or an Artist who Hates Trump, or What?

I Dont Know, What Do You Think: Separated at Birth? or an Artist who Hates Trump, or What?

Posted on February 27, 2021
Get out the world’s smallest playable violin for the wealthiest Americans.

Get out the world’s smallest playable violin for the wealthiest Americans.

Posted on February 25, 2021
Republican leaders want a show of unity. Will Trump allow it?

Republican leaders want a show of unity. Will Trump allow it?

Posted on February 25, 2021
Unity

Unity

Posted on February 24, 2021
New People, New Parties, New Infrastructure

New People, New Parties, New Infrastructure

Posted on February 24, 2021
Car crash is the latest test of Tiger Woods resilience

Car crash is the latest test of Tiger Woods resilience

Posted on February 23, 2021
Ted Cruz as Archie Bunker

Ted Cruz as Archie Bunker

Posted on February 23, 2021
Biden’s first month was a ‘honeymoon,’ but bigger challenges loom ahead

Biden’s first month was a ‘honeymoon,’ but bigger challenges loom ahead

Posted on February 23, 2021
Perhaps Stormy Daniels wants to be a loser.

Perhaps Stormy Daniels wants to be a loser.

Posted on February 23, 2021
Biden AG Nominee Merrick Garland calls extremism his ‘first priority’

Biden AG Nominee Merrick Garland calls extremism his ‘first priority’

Posted on February 23, 2021
Bells toll for lives lost as U.S. reaches 500,000 COVID deaths

Bells toll for lives lost as U.S. reaches 500,000 COVID deaths

Posted on February 22, 2021
Conservatives should go after Big Media next.

Conservatives should go after Big Media next.

Posted on February 22, 2021
You are here: Home / Economy / Business / Career of Steve Jobs Showed How Capitalism was Supposed to Work (La Jornada, Mexico)

Career of Steve Jobs Showed How Capitalism was Supposed to Work (La Jornada, Mexico)

October 14, 2011 by WILLIAM KERN (Worldmeets.US) 1 Comment

Is Steve Jobs and the success he engendered the perfect demonstration of how far off track the global financial system has gotten? According to columnist León Bendesky of Mexico’s La Jornada, innovation and creating new products that consitute progress requires the availablity of credit, an element of buisiness that banks have rejected in favor of sophisticated financial instruments that generate little but huge profits for the few and economic collapse for the many.

For La Jornada, León Bendesky writes in part:

Now that such a huge segment of financial activity is being openly questioned, especially with regard to the major banks and the way they manage the debts of families and even states, it is sensible to refocus on the essential meaning of production and work.

Jobs underpinned that part of the economy which combines scientific advances and available technology to develop new and attractive products and expand markets. … The impact of Jobs’ quite public departure is apparent among his closest associates, competitors, the global press, and even his customers. It isn’t unusual to see this kind of reaction in a world characterized by goods and services where everything is exchanged on the market; but not so much on one focused on money and rampant speculation, which has been called the “financialization” of the economy. This can be seen in the recent history of capitalism, and is clearly illustrated by the way it has operated over the last decade.

The simple fact is that production and credit go hand-in-hand. When financial activity becomes an autonomous form of conducting transactions, it turns into speculation and tends to go too far. Today the two are divorced and there is no reconciliation in sight.

In the most fundamental sense, this is the crux of the current crisis. There is no sign that the link between production and income generation on the basis of employment will be mended for the purpose of creating wealth. If this process does not guarantee widespread social equality, then this ongoing disassociation will only accentuate inequality. Those protesting on Wall Street have already realized this, and they certainly use Apple products to maintain their communication with the rest of the world.

READ ON IN ENGLISH OR SPANISH AT WORLDMEETS.US, your most trusted translator and aggregator of foreign news and views about our nation.

Avatar
WILLIAM KERN (Worldmeets.US)

Founder and Managing Editor of Worldmeets.US

worldmeets.us

Filed Under: Business, Economy, Energy, International, Law, Media, Places, Politics, Science & Technology, Society Tagged With: Banks, borrowing, Capitalism, Disney, Economist Joseph Schumpeter, Economy, Exxon Mobil, finance sector, Gyro Gearloose, industrial organization, La Jornada, León Bendesky, loans, markets, material wealth, Mexico, Music, personal computers, Pixar, rotary phones, Scrooge McDuck, speculators, Steve Jobs, telephony and communications, The Apple Company, the process of creative destruction, typewriters

Primary Sidebar

Donate to TMV

The TMV Feed

 Subscribe in a reader

Archives

Categories

The Latest

Most Commented Posts (7 or so days)

Copyright 1998 - 2020 The Moderate Voice. Genesis Framework · WordPress · Log in