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To: que seria who wrote (51138)6/20/2004 12:47:25 PM
From: Seeker of Truth  Read Replies (4) | Respond to of 74559
 
Hello Que seria,
As to redistribution of wealth away from the capitalists,it's certainly not happening in Canada. All kinds of studies and statistics show that the average Canadian has the same standard of living as 20 years ago but the rich are much richer. In other words the top 1% of the population has a much larger share of the wealth than 20 years ago. Maybe it's different in the US but I doubt it. Previously religion was the opium of the people. Now, with the lengthened life span and more science around, people are less tied to visions of the after life. The new opium is sports and TV, evidently. The great mass of people live lives of bemusement, distractions.
As for statism, I also don't follow you too well. The government is the agent of the capitalists as a group. Capitalists are those who have capital, not hard to define.
They all use the government. Some or all want to soak the ordinary people with income taxes and keep the taxes low on the rich and their corporations. Some want tariffs to protect their market from countries that produce at lower stuff. Some want the government to force other countries to lower their tariffs. Some want antipollution laws abolished. Others want government procurement contracts for their companies. The state is no independent creation; it's the tool of one class.
I'm guessing that you have a special definition of capitalists, which is those that compete fairly with each other and foreign capitalists, asking no favours from any government. That's a theoretical construct.
My only point was that we shouldn't be 100% in energy stocks, though on analysis without political factors, such an investment policy would seem to maximize profit.