Capitalism as it is historically defined in the United States of America is not the economic system which will enable mankind to establish its presence in Space.
American Capitalism is too prone to recurring cycles of destruction. Whether this is due to the theory itself, or the impossible nature of the American businessman is not clear, but it seems to be a bit of both. Today as we watch the resurrection of Citi group after its near death experience, we wonder at the wisdom which created such a system, wherein such monstrous institutions are allowed to roam the land, only to create chaos when they possess no homeostasis to regulate their vital processes.
Some economists and thinkers have lauded the "creative destruction" of American Capitalism. However, as an economic system gets larger and more complex, the recurring destructive cycles become more and more destructive: as the highs get higher, the lows become lower, thereby creating an Event Horizon of economy, a dark hole from which nothing will emerge.
It is obvious from the past year that the down and destructive part of the cycle is prey to panic and fear in a short time frame more so than the up part of the cycle is prone to exuberance: exuberance is spread over years; panic destroys in the blink of an eye...before the "rational" mind can encompass what is occurring.
Do not misunderstand; I love America. And for those who believe that America is the land of opportunity, I fully agree. However, I shall add that as you come to America to make your way in this land of opportunity, your children will enter into one of the cycles of destruction. Be aware of it. Every parent should teach their children what to expect in this economic system. We should try to understand that we cannot always lay up our wealth where rust corrupts, moth consumes, and the financial system spreads cancer. Such an Economy cannot build the structure required for the emigration of mankind into Space. The movement into Space requires investment over years and years.
This may only be effectively accomplished by a system which is not recurrently self-destructive. If we step into Space with a large footprint, a severe crash of the economy when it occurs will wreak havoc on a gargantuan level. The process of going back to square one, or square five, or whatever it is, will eventually be discerned as being too expensive, and resources will turn inwards to salvage what remains of the Earth-bound populations. Neither American Capitalism nor American Democracy, love them as we do, as they are understood in the present day of 2008, will lead mankind into the future.
When the Frame of Mind arrives that will do so, it will be accompanied a revolution in religious feeling among the large part of the peoples of Earth, for only Religion possesses the dynamic which may change large groups of human beings from inward and selfish looking tribes and nations into higher level communities, capable of controlling the Form of the Present and Future, as well as the lessons of the Past.
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