Kamikaze Capitalism

Capitalism is not all bad. It has the potential to be the best economic system for the human species.

Capitalism is only as bad as all of its various defects and abuses: a “free” market (and the government that supports and condones it) that rewards monopolies and greed and hoarding, that bestows the shareholder and corporate execute minority class of the population with greater privileges and opportunities than everybody else, that dispenses with utilitarianism and makes rules to assure the profit and bottom line of businesses at the expense of doing what is best for the largest number of people are all examples of some of the abuses of capitalism.

Examples of abusive capitalism also include the exploitation of low wage workers, and the unfairly imposed withholding of any opportunity to grow and participate by the middle class in the wealth (the economy) it produces, and the injustice of the business lobby using the government to impose laws that unfairly and disproportionately disadvantage workers and stifle the organization and representation of labor.

Modern American capitalism is also fixated on the notion that bigger is better and the biggest is the best which means that monopolistic policy in macro economics is triumphant and it stamps out the smaller and medium-sized businesses and the mom and pop types of homegrown economy that made the United States a great economy in the first place.

The other non-economic problem with capitalism is the tendency it has to make laws and rules that disregard the integrity of the health and well being of the environment and the planet. This type of disregard of nature is the kamikaze aspect of capitalism that makes it such a dangerous threat to our continued existence as a species on Earth.

These are just a few examples of what makes capitalism look so bad. These conditions do not have to exist and they could all be reformed to create a more just and fair market where all people are lifted out of poverty or stagnation and every person is able to enjoy more opportunities to grow and share in the wealth that all workers contribute to the economy.