posted on May, 5 2009 @ 12:11 PM
Originally posted by The Last Man on Earth
The domination of a "financial oligarchy" is inevitable under a capitalist system, as it rewards corruption and penalises morality.
Capitalism can only become as corrupt as we collectively let it become. If we don't like the way somebody does business then we have the legs to
walk i.e we have the ability to not sponsor them by not buying products and not investing in businesses that use ethically dubious methods.
When I was at school in the 80's, everybody wanted the most expensive, named brand products: the guys who wore cheap shoes and clothes were ridiculed
and made to feel small and worthless; the guys who had the most expensive gear were praised and raised in status. Some of us lead and others followed
the path that took us to the big everybody-thinks-they're-happy city where we all struggle to spend ever more unrealistic prices for products that
were worth only a fraction of their price.
The reason we have so much corruption and unfair pricing is that too many people think along the lines of "well I don't like what they're doing but
I want that item so I'm going to buy it anyway; somebody else can sort them out." and "Well it's legal and everybody else is doing it; I'll look
stupid if I don't..." The only three ways to deter corruption (within businesses) in any economy be it capitalist, socialist or other is for
, people to develop some integrity and accept that they can control their economic environment by doing business with those they feel deserve
their business, b
, for prices to be regulated so that no product can be traded for more than a set (universal) profit margin (e.g 50% over
production cost), or c
, for trade of all kinds to be outlawed. If consumers don't take the initiative of buying with integrity and ethics
then businesses can not be blamed for doing (some would say "getting away with") as consumers encourage they do.
Here's a nice quote:
If you think of yourself as helpless and ineffectual, it is certain that you will create a despotic government to be your master. The wise despot,
therefore, maintains among his subjects a popular sense that they are helpless and ineffectual. Frank Herbert.
The less control you think you have, the more control you cede to government, the less control you will actually have.
People need to stop winging and start using their power - their legs and money. If you don't like something then take your money elsewhere:
businesses adapt according to consumer demand and market forces; there is no difference than with any other social relationship.
[edit on 5/5/09 by Rapacity]