This diary got me thinking: http://www.dailykos.com/...
All capitalism is meant to do is to ensure all the nations wealth is in private hands.
It was never designed to be fair nor equitable.
The fact that the wealth of the nation is accumulated in fewer and fewer hands just means that the capitalist principle of "to the winner the spoils" is working rather well.
Capitalism was not designed with nations in mind, but merely monetary economics, hence the global rape and pillage.
The fact that the capitalists have a strangle hold on governments around the world is merely a result of the concentration of wealth.
Capitalism runs on an old principle "he who has the biggest club wins", ie crushing the competition is part and parcel of this global game of monopoly.
The obvious extension of capitalism is the concentration of wealth rather than its expansion.
Capitalism is meant to spur on economic growth in a never ending spiral of wealth generation. However as with all thing there are boundary limits, and once these are approached there is only one way for some to generate wealth by accumulation of a fixed limit. Capitalism was never intended to reward or protect those that don't quite "make it".
It used to be imagined that democracy could keep in check capitalism, however when capitalists write the laws, define appropriate bailouts and generally abuse the system democracy is no longer an adequate buffer; in fact democracy has been usurped.
Some point out capitalism arose at the end of the feudal system, from my point of view capitalism was designed so that we returned to a feudal system but under another guise, that the new aristocracy somehow merits their status.
Trickle down was always a farce.
Now we have corporations paying miserable wages that are subsidized by the government so that there workers can afford to live.
Capitalism is not failing, it is just heading towards its logical conclusion.
Something about which Marx had something to say
The will of the capitalist is certainly to take as much as possible. What we have to do is not to talk about his will, but to enquire about his power, the limits of that power, and the character of those limits.I think what has failed and has been deliberately undermined by successive governments around the globe is the last part
KARL MARX, Value, Price, and Profit
to enquire about his power, the limits of that power, and the character of those limitsCapitalism may be failing society, but it was never designed with "helping" in mind.
What has failed is our democratic process; since it has been deliberately undermined by the capitalists and their puppets.