reply to post by Lucid Lunacy
Originally posted by Lucid Lunacy
On the contrary, Capitalism is fundamentally built with selfishness in mind. In fact I find this threads premise quite funny in this respect.
Capitalism is the most selfish of the political systems. Poor, middle, and rich classes form its structure. Everyone wants to be rich , but it's at
the expense of the middle and poor.
If this post is too long, read first paragraph only.
It only appears that way. Quite the contrary actually. It's not at the expenses of the lower and middle classes, but rather at the expenses of the
least productive members of society. Production isn't equatable to the notion of hard work, it's a measure of the contribution that you make to
society and its growth over time through the employment of every resource you are in command of, so for purposes of my argument don't take it as an
insult if I say that if you work at a meat factory you are an example of the least productive member of society. Their role isn't as indispensable as
many would like to believe, that in itself is a delusion. A rich social class is no need of a lower, exploitable class. All a wealthy population needs
is a cheap means of production. In the very short future, this will be a technological reality, and people will be liberated of these burdens. If
manual laborers all immediately refused to work, all you would see is that it would become increasingly cheap to fully automate the entire industrial
process, including shipping and handling, in coordination with an extensive cybernetic delivery system. Anyway, they are willingly to work at lower
wages because of two things. They might be incapable of investing in their own personal development, as any time taken away from working might inflict
unnecessary financial burden on their families, and then, that they have become satisfied with their way of life through social conditioning alone. A
free market economy is very daunting for the individual. Naturally, those with strong social networks and good connections are going to be more
confident, and get further ahead in life than those without as many base resources. That's where a lot of the resentment of the upper classes by the
lower classes originates, and it is usually unfairly expressed in the form of political dissent. You aren't criticizing Capitalism so much as you are
observing the personal difficulties associated with competition in a
Free Market society. It's tough, but such is life.
Capitalism involves personal risk taking and encourages individuals to invest in and assemble business ventures, experiment in and pursue profit
taking. It's what makes all of modern industry viable. Otherwise, you'd see incredible stagnancy. If you don't like Capitalism you can go back in
time to pre-industrial Europe and see how you like that. No technology, no modern medicine, a harsh life living off the land; no foreseeable progress.
The first Capitalist ventures occurred on board European merchant vessels to Asia. You'd pay for expenses of the ship, hoping that it would return
with exotic goods, which you could sell to the public. High demand for these goods would ensure the best investment of your entire life. Back then
wooden ships were fairly unreliable. You could compare losing all your money on the stock market today to that ship sinking in the middle of the
ocean, your life savings along with it. Back then, a loss at that amount was devastating. So only the rich took risks. The thing was back then if you
weren't born rich, you wouldn't become rich in your lifetime. And that's where the beauty of Banking came in. If you could prove you were capable
of making a return investment off a loan provided by a Bank, and repay that loan, you would could become self sufficient. Those were the first
business ventures. Some resentment today might be reflective of that fiscal disparity prevalent at the end of the Feudal Age, between the rich and the
poor. When the Age of Mercantilism came about between the 1600-1750's, the rich only got richer. They had the money to risk, where most others did
not. The Banks favored them over the others. It was apparently unfair. The first business ventures ever were in the control of the Elite, usually
strong religious followers, and highly influential public figures. But it's not a result of favoritism of the Banks, as it was a factor of the random
distribution of wealth and the consequent solidification of those populations into distinct social classes, produced by the Feudal Age, that created
this vast disparity.
Capitalism doesn't represent any political ideology, as Communism itself expresses through its egalitarian ideals. But I can see where it can be
blamed. Only under highly unusual circumstances is the decline of an economy a direct result of the failure of the financial system. And that is only
when is is not properly regulated, which is obviously a result of poor governance and political foresight, particularly of lobbying interests, which
occlude the reality of the situation in exchange for campaign dollars but these shortcoming are NOT an intrinsic characteristic of the system itself.
The U.S. government, in its ignorance, decided to ignore this on the premise that Capitalism somehow was representative of the political ideology of
Democracy itself. That a Free Market economy coincided with the moral beliefs of all individuals living in a Democratic nation... Canada was
impervious to this crisis, where Europe was not. Canada didn't confuse political ideology for economics, which has been the character of all of
Twentieth Century history. I guess that's what you get for being such a politically and nationally docile country. Boring, but a powerful economy
nonetheless.
What is unjustified is the far left liberal movement that is essentially blaming everything on an apparent divide between social classes. It has
nothing to do with the systems in place, and everything to do with the harsh reality of life, though I can see where people would attack our system of
government (considering most politicians have no idea how to run an economy, especially after World War I, where Communists saw that as a fundamental
weakness of Democracy-that too is unjustified as it wouldn't matter what government we employed at the time, the World Economic Crisis was
inevitable).
[edit on 7-11-2008 by cognoscente]