Hooray for Capitalism !

I thought I would list all the benefits we have experienced since feudalism was replaced by capitalism as the main economic model.

Feudalism exploited and enslaved the general populace - to one extent or another - to benefit a select few. Either through birthright or armed power. Quite often both. Under feudalism the means of production - both agricultural and industrial - were in the hands of the few. Acquired either from birthright or by force.

The end of feudalism was ostensibly to change this. It however did not. In fact empires grew the strongest under capitalism. Slavery and indentured servitude flourished under it. Countries and natives were colonized to acquire their wealth and resources to benefit the capitalist owners in the mother country. Displaced and quite often eliminated or enslaved.

Personal gain was the driving force behind nearly all endeavors. From adventurism to conquest. The monarchies that would continuously wage war with one another were replaced by capitalist and industrialists - who through their government servants - waged even bigger and bloodier wars. And in all cases it was the general populace that bore the brunt of the fighting and killing.

Banks and financial institutions began risky practices. Investing in and loaning money to anyone or anything that they were told was a sure money making enterprise. Profit was all and the quicker the better. Resulting in a long line of financial failures and economic crisis.

Capitalism's quest for more and more wealth and gain. For continued expansion. Disregards any and all environmental and ecological concerns. Endangering the planet and those that live there. Capitalism requires continued growth in order to function.

Capitalists put monetary gain ahead of everything. Which is why the worst dictators in history were put in place, supported by capitalists - who also make the most from them.

Contrary to popular believe capitalism does not encourage discovery, it stifles it. Unless a great deal of money can be made from it. And from the very start it will try to co-opt, defraud and steal ideas and inventions from those who make them. Such as RCA with Major Edwin Armstrong and Philo Farnsworth.

It will cut corners on everything to ensure greater profits. From wages to the workers, their working conditions and even the raw materials and designs. Knowingly marketing and producing items that are dangerous and even lethal. Like DDT, the Ford Pinto, numerous toys...to name but a few.

Capitalists are know to delay, sabotage and even kill any idea and/or product that may hurt their bottom line. Or attempt to gain exclusive ownership of it. The pharmaceutical industry is known for this. They will not develop a cure for anything they can make more money on by developing a continued treatment for.

They will use any means they can to get the consumer to buy into something and then blame them when it goes sour.

And contrary to popular belief, capitalists hate competition and will do what ever is necessary to eliminate it. Forming trusts and monopolies and fixing prices.

Yes people ow a lot to capitalism. Especially people like Hitler, Mussolini, Franco, Anastasio Somoz, Augusto Pinochet, Mubarak, Bashar al-Assad ......... and various CEOS, Bankers, Stock Brokers, Military leaders and weapons developers.

You and me...not so much.

And America has gotten all the evils of Capitalism down to a science. The All Stars of the greed game reside here.

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Bravo! Righteous rant.

Ohio Barbarian's picture

Economic philosophers Adam Smith and Karl Marx agreed on at least one thing: The only objective of capitalism is to accrue more capital, ie profit, and the quicker the better. Once one understands that fundamental truth, it's real easy to understand why capitalists do what they do, and why they are never satisfied no matter how much wealth they have. They nearly always want and demand more, and those who are satisfied with what they have are denigrated as "losers." 

At least feudalism had the ideal, albeit seldom realized, of noblesse oblige, whereby the lord or the king had a duty to be responsible for the welfare of his vassals and people. Capitalism doesn't even have that theoretical constraint. It is, in effect, an extremist religion. 

Jesus of Nazareth would recognize it as the worship of Mammon. Buddha would see it as a dangerous illusion that causes much suffering. A Taoist would probably characterize it as shit. 

And all three would be correct. 

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Thanks

cmaukonen's picture

Yeah funning thing. Mosses gave a rightious rant on the worship of the golden calf and the Jews kind of cooled on the guy. And when Jesus threw the money changers out of the temple was his turning point as well.

You rarely - if ever - hear any so called christian or preacher of same say anything about that one.

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cmaukonen's picture

I was rather involved with family matters for the las couple of weeks. My mother was admitted to the hospital for a hip fracture.

Short version...the operation was a complete success but the patient died.

 

Long version....while in rehab or the hospital, she picked up a CDIFF infection and succumbed to it.

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Sorry to hear that

LaEscapee's picture

Warm thoughts sent your way, I know this is a tough time of year anyway so hang in there and hang around.

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I rest my case....

cmaukonen's picture

Connecticut school shooting: Children among 27 killed

A gunman has killed 20 children and six adults at a primary school in the US state of Connecticut, police say.

The gunman, who also died, has not been formally identified by police.

But officials told US media that the killer at Sandy Hook
Elementary School, in Newtown, was a 20-year-old son of a teacher at the
school. He is thought to have killed her before the attack.

It is one of the worst-ever US school shootings, with a toll close to the 32 who died at Virginia Tech in 2007.

Early reports named 24-year-old Ryan Lanza as the gunman, but
anonymous officials later said his brother Adam, 20, was the suspect.

He is believed to have killed their mother, Nancy Lanza, at their home before heading to the school where she worked.

Ryan Lanza of Hoboken, New Jersey, was being questioned by police, US media reported, but has not been named as a suspect.

'Safest place in America'

Police Lt Paul Vance said 18 children were pronounced dead at
the school, and two died after being taken to hospital. Six adults were
also killed, and the gunman died at the scene, apparently after shooting
himself.

One person was also injured, and
police were investigating a second crime scene in Newtown, where another
victim was found dead - understood to be the gunman's mother.

Dressed in black and wearing a bullet-proof vest, the gunman is thought to have had several weapons.

These included two handguns - a Glock and a Sig Sauer - and a .223-calibre rifle, reports said.

The killings took place in two rooms within a single section of the school, police have said.

One parent, Stephen Delgiadice, whose eight-year-old daughter
was at Sandy Hook School on Friday but was not harmed, said the
shooting was traumatic for the small town.

"It's alarming, especially in Newtown, Connecticut, which we
always thought was the safest place in America," Mr Delgiadice told AP.

It's not about guns. Take away the guns and these people will find away to
use explosives or gas or something else. It's about a culture that puts
personal gain and personal property above all else. Where the more you
have, the more you believe you can get away with and generally do. Where
those with the most feel entitled to whatever they can get.

 

And were this attitude is encouraged by parents, schools, religions, the media and especially the government.

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