The Big Flaw in Capitalism- and why they won’t tell you.
After 200 years plus of capitalism, I am surprised the ordinary worker doesn’t see it; I am surprised that capitalism lasted more than 50 years. See what; why this broad statement? Easy; capitalism doesn’t work. Here’s the reason.
Picture reproduced under Creative Commons licence
As we all know, no matter how hard politicians try to reign in capitalism, however hard they try to control it or, on the other side how hard they try to allow it to do as it pleases, capitalism inevitably results in boom and bust.
Whatever the capitalists tell you, the people who suffer most during the ‘bust’ periods are the poor, the employee and the disenfranchised. The people who suffer least are the speculators, factory owners and entrepreneurs who have amassed great wealth by underpaying the proletariat for their labour and overcharging that same proletariat for goods and services.
Conversely, during the ‘boom’ years the people who benefit most are the same speculators, factory owners and entrepreneurs while those that benefit least are the same poor, employee and disenfranchised.
This is why capitalists must underpay for labour and overcharge for goods and services. Because they know the good times won’t last forever and they need to amass their personal fortunes at your expense to survive them in the luxury to which they have become accustomed. Meanwhile, the proletariat can struggle on in the filth they so love.
The wealthy capitalist knows and understands all this. They do not want you to know, much less understand it. (Which is why they so love to tinker with your state education system, while their public school system has stood the test of time and barely changed since its inception.)
Capitalism continues as the worlds favoured economic policy because these same capitalists have convinced the proletariat that through capitalism, you can have the same slice of the cake if you work hard enough.
Tell that to the cleaning lady, the road sweeper and the shoe-shine boy, and try to do it without a wry grin.