- william clegg
- Gabriola Island B C
This conversation is closed.
what has been your experience with the dark and ugly side of capitalism?
The "invisible hand" is supposed to "raise all boats" and the "marketplace knows best" are fundamental premises of the capitalist rhetoric.
But like all ideologies that have come down the pike capitalism has a dark and ugly side which its proselytizers never mention or ever want to look too closely at. Namely that its advocates prefer to ignore the proliferation of fraudsters who betray the trust of investors and the gullible, or the hoarders who take wealth out of the system using it to make more wealth or all the criminals who simply take and only give back pain and misery.
In fact, criminal enterprises may well be the most profitable businesses to go into since the principle cost for the criminal is simply time and a very limited amount of energy when compared to the time and effort expended by those they steal from.
Criminals have little to no overhead, are highly mobile and adaptive, pay no taxes on their plunder and, in many cases, fraudsters, swindlers and con artists alike are let off with what amounts to a slap on the wrist if they are ever prosecuted at all while still retaining much of the plunder they obtained. From street corner muggers, to contractors that take the money and run or go bankrupt, to "investment counsellors" who call you back later to say "you lost it all" to some offshore account of theirs.to those employers who enforce slave-like conditions, , honest citizens do not stand a chance against those who have nothing to lose and everything to gain. .
Meanwhile the successful criminals are able to enjoy all the benefits of capitalism while also avoiding any of the responsibility of citizenship or the Law and can simply spend they lives indulging as many pleasure centers as they can as often as they can, ad nauseam. .
Closing Statement from william clegg
here are the highlights:
- disparity in the pay scale and the lack of a living wage
- Major General Smedley Butler " I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism."
- The darkest part of capitalism, as practiced, is that the primary focus is on making as much profit as possible.
- Enter "Merkers Salt Mines" in a Google Images search to see what made the US a superpower.
- the majority of people either don't care about, or aren't willing to pay extra for, coffee which doesn't exploit developing countries.
- It's not only the industrial revolution but capitalism too which are to blame for the massive spike in carbon emissions and the onset of climate change
- When we see real punishment for the evil bastards that hurt others for their own gain without a second thought....that would be good start at making things better
- include money among the gods we have created
- this business model promotes mediocrity through its planned obsolescence of products and services, but it also promotes greed, groupthink, and cut-throat business practices where the primary focus is profit over valuable contributions to society
- Who Rules America" by William Domhoff, sociologist, U Cal, Santa Cruz -
- the decline in wealth of the 99% is an ENGINEERED phenomenon that required a conspiracy of power on many levels