Why Capitalism Fails

[marmar]

via AlterNet:




Posted by grantlawrence at 5:43 pm
July 14, 2010

Why Capitalism Fails
Posted by grantlawrence on @ 5:43 pm


By Grant Lawrence


In America, we are presented with 2 choices by the managed corporate media. Either we believe we must accept our present fascist economic system that allows most of the wealth and power to go to the top 1% of people in the country. Or we are told that we will have to settle for total government control of our lives, a type of Socialist police state. Today we have the police state but without any of the benefits.

But we don’t have to accept one extreme because we are fearful of the other. We can easily move past our present fascist state into more humane styles of democratic socialism. We can use the European model as a prototype, but we can develop it into something more uniquely American.

See Also

Why Socialism? This Guy Einstein is an Idiot

7 Myths Regarding Socialism and Capitalism

Why I Learned to Love Socialism

Great thinkers and humanitarians, like Albert Einstein, have pointed out that capitalism succeeds only for the very few. Ultimately capitalism, like a cancer, destroys societies because the wealth and resources accumulate into the hands of the very few. As we have seen over and over, depressions and financial collapse follow from capitalism. The people are left with little and indebted for what little they have.

Capitalism then transforms into monopolistic fascism. The few people with the power and resources use governmental and corporate structures to protect themselves against the mass of hopeless and landless credit serfs. The people either give up in despair or turn to revolution against the money masters.

….An economics professor said he had never failed a single student before but had, once, failed an entire class, minus one person. That class had insisted that capitalism worked and that most would be poor and one would be rich, a great way to motivate people. The professor then said ok, we will have an experiment in this class on capitalism.

Since the class only dealt with one subject, the person with the highest score would get an A, the next best score would get a B, the following score would get a C, so on and so forth. After the first test the grades were given out. No matter how hard someone studied there could only be one person with an A, one person with a B, one person with a C, and one person with a D. All other students were given the lowest grades, as some the top students already had an advantage knowing the subject material.

But, as the second test rolled around, the students who received an F on the the previous test knew even if they got an A on this test their average would still be a C; so they studied less than what they had previously. The second test the person who had an A on the first test got a A. Previous test takers who had a B,C,D now got an F. No one was happy, except the guy who got an A. When the 3rd test rolled around the average was an F for everyone except the guy who got an A on the previous test.

The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for the benefit of themselves. All failed, except the guy who got A’s, and the professor told them that capitalism would also ultimately fail because when only one person can get the reward, the effort to succeed is hampered; but when government takes all the rewards and gives them to a few; no one else can or will succeed…..


http://blogs.alternet.org/grantlawrence/2010/07/14/why-capitalism-fails/

[msongs]

1. actually, it succeeds cuz people keeping buying stuff made overseas nt

[inna]

2. K&R

[marmar]

3. kick

:kick:

[AnArmyVeteran]

4. Great article!