12/11/2009
12/30/2009
FAILURES OF CAPITALISM
Why am I so pessimistic about the future of humanity? For years I have listed the failures of individuals and groups, of persons and society, not just to cast stones but also to enumerate their cost to country and humanity also. Time and time again I have shown how the capitalism model works and does not work, and how the consequences will be dire for our shortsightedness.
First of all, capitalism is designed to concentrate wealth, you pay the workers the least you can get away with and charge them the most they can pay. On the other hand you must produce goods and service for those who have money, so by design you can not help the poor even as you are the one keeping the people poor by paying them less. The system worked here for long time for three reasons, one the government spent money, two the government charged higher taxes and three we had very high levels of lending whereby people spent money from there future earnings.
With taxes being lowered, and the wages being lowered due to off shoring of work, the government deficits had to go up, since the government was not collecting as much as it needed to keep the people in food and shelter based on the wages only.
Two since the capitalism is not designed to cater to the poor, we have no public services for those who can not afford to pay, thus the lot of the poor is worse now than ever. As you see the corporations have never invested in anything that actually helps the poor, like cheap public housing or clean water or sewage services or public transportation where people have no money to pay for it.
Simply put then there are only two ways we can go. One is that the government keeps borrowing and spending till the country is considered socialist. Or that we have a two tiered society of the haves and the have nots, just like any other third world country. These are the two futures we have to choose from. The only other choice left would be to stop the poor from making babies, ie from creating more poor. Any one telling you any different is only either ignorant or lying.
LIFE IS A GAME OF CONNECT THE DOTS, IF YOU DON'T CONNECT ALL THE DOTS OR DON'T CONNECT THEM IN THE RIGHT ORDER YOU NEVER GET THE PICTURE
12/30/2009
FAILURES OF CAPITALISM
Why am I so pessimistic about the future of humanity? For years I have listed the failures of individuals and groups, of persons and society, not just to cast stones but also to enumerate their cost to country and humanity also. Time and time again I have shown how the capitalism model works and does not work, and how the consequences will be dire for our shortsightedness.
First of all, capitalism is designed to concentrate wealth, you pay the workers the least you can get away with and charge them the most they can pay. On the other hand you must produce goods and service for those who have money, so by design you can not help the poor even as you are the one keeping the people poor by paying them less. The system worked here for long time for three reasons, one the government spent money, two the government charged higher taxes and three we had very high levels of lending whereby people spent money from there future earnings.
With taxes being lowered, and the wages being lowered due to off shoring of work, the government deficits had to go up, since the government was not collecting as much as it needed to keep the people in food and shelter based on the wages only.
Two since the capitalism is not designed to cater to the poor, we have no public services for those who can not afford to pay, thus the lot of the poor is worse now than ever. As you see the corporations have never invested in anything that actually helps the poor, like cheap public housing or clean water or sewage services or public transportation where people have no money to pay for it.
Simply put then there are only two ways we can go. One is that the government keeps borrowing and spending till the country is considered socialist. Or that we have a two tiered society of the haves and the have nots, just like any other third world country. These are the two futures we have to choose from. The only other choice left would be to stop the poor from making babies, ie from creating more poor. Any one telling you any different is only either ignorant or lying.
LIFE IS A GAME OF CONNECT THE DOTS, IF YOU DON'T CONNECT ALL THE DOTS OR DON'T CONNECT THEM IN THE RIGHT ORDER YOU NEVER GET THE PICTURE
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