We do however live in a Capitalist World.
Capitalism is woven into nearly every aspect of our lives, yet it’s rarely subject to substantive conversation.
If we’re to move forward as a society, capitalism needs to be up for serious discussion, honest evaluation and, ultimately, systemic change. Capitalism is often discussed—even dismantled—in academia, but not in terms that make sense to non-specialists.
If there is a problem with capitalism, it is with the greedy few who occasionally foul up the system for the rest of us. The 85 richest people in the world hold as much wealth as today’s “other half”—3.5 billion of the world’s 7 billion humans. Who thinks that’s a fair system? How can it be acceptable that anyone, let alone 2.4 billion people, lives on less than $2 a day?
With more free time, we could build a more robust democracy by engaging with the political issues that affect our lives and organizing more participatory structures to make decisions in our communities. If there’s anything threatening to capitalism, it’s that!
It’s convenient for capitalists to have everyone else thinking they don’t work hard enough and that any ill fortune is their own fault.
How well can capitalism be working when so many say it doesn’t? Capitalism can’t work for everyone. If it did, it wouldn’t be capitalism.”why do we settle for a system that fails so many?
So here is a hypothetical question.
If you were asked to explain Capitalism to an individual who had never experienced or heard of Capitalism what would you say it is.
Here are a few Quotes to get you started then have a look below at what I think.
“As humanity perfects itself, man becomes degraded. When everything is reduced to the mere counter-balancing of economic interests, what room will there be for virtue? When Nature has been so subjugated that she has lost all her original forms, where will that leave the plastic arts? And so on. In the mean time, things are going to get very murky.” ― Gustave Flaubert
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of thebamboozle. We’re no longer interested in finding out the truth. Thebamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.”
“Our economy is based on spending billions to persuade people that happiness is buying things, and then insisting that the only way to have a viable economy is to make things for people to buy so they’ll have jobs and get enough money to buy things.” ― Philip Slater
In fact, the term capitalist, is a remnant of sloppy, hysterical, anti-commerce, 19th Century thinking that survives to this day.
I guess it all depends on what kind of capitalism we are talking about and the problem with capitalism is that it is rarely practiced in its entirely.
You might say it is a rat race for the worker who must live a life in which there is a real possibility that changes in consumer demand or in technology will eliminate his/her livelihood and in which his/her ability to find a new job is conditioned by his/her “ability to compete”.
There is not a single day that passes that I don’t hear some complaint about the state of capitalism. “What is wrong with capitalism today?” is dependent on who you ask.
Modern market capitalism has shifted recently with the emerging supremacy of money markets and the financial system over the actual trade of goods. The new capitalism” is based on mathematics rather than trade and its currently practiced is simply not sustainable.
We do not have global organizations capable of managing these tension points nor are societies willing to curb growth and consumerism.
Under capitalism insensitivity to human needs has developed. One of the fundamental faults of capitalism is the basic axiom that if everybody tries to accumulate as much property/money as possible the general interest of the people will be served.
For years now I have watched the gradual drift in the minds of the average person from an understanding of our political economic reality and the need for corrective actions.
The reality is fear and greed are part of the human condition and Growth for the sake of growth is the ideology of the cancer cell.
The mass media is becoming more and more an opiate, an aid for living the unexamined life.
The current world tensions are a result of a struggle for spheres of influence and trade—the socialist markets are essential not open to trade from capitalist countries.
So if I were to explain to days Capitalism I would tempted to say that the essence of capitalism is to turn nature into commodities and commodities into capital. The live green earth is transformed into dead gold bricks, with luxury items for the few and toxic slag heaps for the many.
But no economic order to date has so obviously displayed such an enormous productive capacity as has capitalism. However whether it aids the poor in escaping their poverty or abets the forces that perpetrate that poverty is still to be seen as Capitalism is inherently exploitative in that it forces people to be “competitive” rather than “cooperative”.
As long as Capitalism exists, there will always be people who will be rich and those that are too poor. One longs for a kind of economic “peaceable kingdom”; such cannot exist under an economic system in which competition plays such a large role as it does in capitalism. For the most part, capitalism can be viewed as complex system based on inequality and monopoly.
In a true Capitalist market economy, we would not price fix, bail out banks, give subsidies, etc.
Peaceful citizens were classed as bloodsuckers, if they asked to be paid a living wage. When morality comes up against profit, it is seldom that profit loses.
In what they call the third world we have glittering mansion overlooking a vast sprawl of shanty towns, wherein a desperate, demoralized humanity is kept in line with drugs, television, and armed force. Let nothing interfere with economic growth, even though that growth is castrating truth, poisoning beauty, turning a continent into a shit-heap and riving an entire civilization insane.
The hand that gives is among the hand that takes.
Money has no fatherland, financiers are without patriotism and without decency, their sole object is gain.
Our political problems have deepened with the demise of unions as an effective political force, the continued growth in the belief in the desirability of pyramid economics and class structure (which has been sold by a media controlled by those at the top of the pyramid), and the dependence of our two-party system upon those at the top of the pyramid for funds to cover their election expenses.
Here’s no such thing as a ‘free’ market.
Globalisation isn’t making the world richer.
Poor countries are more entrepreneurial than rich ones.
Higher paid managers don’t produce better results.
We are quickly reaching the tipping point where growth in GDP in any particular country comes at the expense of growth in GDP of another.
What would replace it (capitalism)?
It’s too late to replaced it by any other system and extremely difficult to prompt any-other system but not too late to rectify its glaring weaknesses.
It’s not to late to suggest/generate ideas to create a better society where everybody is properly fed, clothed, and housed; where everyone worked and received a fair return for their work with none receiving too much; where intellectual development for all is encouraged; where businesses are the servant to man; where the production of war materials end; where the ending of all exploitation, including one region by another or one class by another; where and the ending of a press which is controlled by those who make up the ruling class.
To find the world that could exist after capitalism, we must look to the worlds already being created in the countless cracks of capitalist domination.
Switzerland is to debate the introduction of a living income for all its citizen’s rather than a living wage and social welfare. Perhaps the first step in the right direction. In the meantime Capitalism is still alive and well.
All we can do is to keep on hoping that maybe the corporate government administration and media are on the level with us.
Today’s economy profitability is important, but there are also a plethora of external and internal factors involved which determine the type of model that exists today.
(See Previous Posts. Create a World Aid Fund by capping Greed/profit with a Commission of 0.05%)
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