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RE: Why Capitalism Is Evil

in #capitalism8 years ago

I agree with you that capitalism has many nasty, grotty sides when taken to the extreme. Especially as you have in America. There's more debt in existence than actual money. This traps people in jobs and poverty.

But it doesn't have to be that way. You can default. You can opt oout. You can go off grid. You can create your own solutions. Pay cash for things, keep some bitcoin if you can. Living a relatively simple life is probably easier now than it has ever been.

The only reason the system keeps on going is because people play by it's rules and take it very seriously.

Furthermore, all these injustices point the way for new, better solutions and innovations. And hopefully intelligent, helpful communities like this here on steem can bring that future together.

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Thanks for the comment! One of the things that I didn't mention in this post because it was getting a little long is the fact free market capitalism and corporatism are one and the same. Those who defend capitalism often offer this as a defense: "What we have is corporatism, free-market capitalism, however, is better we just don't have it now." What they fail to realize is that free-market capitalism is just the first stage of corporatism. Just like stage 1 cancer and stage 4 cancer are the same disease at different states of progression, so too does corporatism require free-market capitalism in the beginning. That's how corporations grow in the first place. So imagine a completely ideal free-market: you have all the freedom from regulation you want, there are no powerful monopolies to prevent you from bringing your good or service to market. What happens?

Eventually, after some decades maybe, competition stops or slows and monoliths form. Why must this happen? Because every competition comes to an end, there are always winners and losers, and there always will be so long as it costs resources to compete (which will always be the case in a monetized economy). So these monoliths gain more and more power, and due to their economic strength they are increasingly able to bend the ear of whatever govt is in power. Whether its a democracy or totalitarian regime, corporations represent great power because they affect so many people who work for them and depend on their goods and services. So eventually, the government becomes the corporations as its more efficient to operate as an even greater monolith from the corporations point of view. Why act as a separate entity when it is cheaper to be a part of 'the system'?

And here we are.

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