Category: anti-capitalist mentality

Bin Laden slams capitalism in new video

As reported by the Associated Press:

In the video, a short excerpt of which was broadcast to the Arab world by Al-Jazeera television, bin Laden attacked capitalism, multinational corporations and globalization.

“This is why I tell you: as you liberated yourselves before from the slavery of monks, kings and feudalism, you should liberate yourselves from the deception, shackles and attrition of the capitalist system,” he said.

My comments:

  1. Just another economically illiterate demagogue tarring the very system that elevates the masses out of poverty – laissez faire capitalism, with the brush of mercantilism (aka political capitalism) – a system of privilege for the politically-connected that interferes with trade and inevitably leads to conflict. This is a message of hope?
  2. Clearly the West does not get off the hook, promoting democracy (at the point of a gun) – a system of government hostile to the free market, but supportive of special interest interventionism.

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