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Capitalism is non-democratic

 
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KimCooper



Joined: 08 Oct 2005
Posts: 247
Location: Northern California

PostPosted: Sat Dec 30, 2006 8:03 pm    Post subject: Capitalism is non-democratic Reply with quote

Capitalism is non-democratic.
An economic system and a political system are two different things.
Capitalism, inherently, makes capital go to the top: the rich get richer and the poor get poorer. It is part of the system. The only time it doesn't happen that way, is when there are strict regulations to prevent it.
In addition, capitalism is a system suitable for a growing society, that has new areas to conquer. Since the US is no longer growing, it is no longer suitable for us and is being artificially propped up by our government, or it would not be surviving. If we just quit propping it up, many of us would be hurt in the subsequent collapse. Is there a way to let it down slowly, or transition into something that would work better for us in our time of life?
One possible example is what is going on in Argentina -- though you are likely to have never heard of it unless you saw the movie The Take, a Canadian documentary. (I highly recommend seeing it.)
http://www.thetake.org/
One of the flaws of capitalism is that "the winners of this round make the rules for the next round." (that's what happened to those "strict regulations" we used to have -- many of which you've likely not heard of. Originally, corporations could only have one task and could not last longer than 23 months and could not merge, etc.) Another is that people make money without doing work AND THEIR INTERESTS TRUMP THE INTERESTS OF THOSE WHO DO THE WORK! Yes, there are laws that the people who run publicly traded companies have to put shareholders' interests above those of workers, customers, and morality. So, officially in the US, your money is more important than your life.
So, the solution is to make the shareholders and the workers the same people: worker owned businesses. No, that's not Socialism. The government is not involved. People will tell you that "it's been tried and it doesn't work." But the reason it doesn't work is that the government does everything it can to sabotage it (possibly including things that are highly immoral and illegal). Left to stand or fail on its own merits, it would work or not at about the same rate as other businesses -- or maybe do better.
The reason that Capitalism is for a growing society and not a stable one, is that in order for your stock to be valued, it must keep rising. In order to keep your stock rising, your percentage of profit must keep rising. Not your profit, your PERCENTAGE of profit. Thus, if a company stays in one place, even if it makes a bazillion dollars in profit every quarter, its stock will go down, it will be devalued, it will be considered a failure, and it will die. It will die, not from lack of business, but from the stockholders fleeing because their percentage wasn't rising so their stock wasn't increasing in value.
As to where that increasing percentage of profit comes from -- you can imagine. Or we can discuss it.



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"Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all."
--John Maynard Keynes
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KimCooper



Joined: 08 Oct 2005
Posts: 247
Location: Northern California

PostPosted: Mon Jun 18, 2007 8:48 pm    Post subject: Reply with quote

Have any of you seen The Take yet?



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"Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all."
--John Maynard Keynes
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tcanfield



Joined: 08 Oct 2005
Posts: 76

PostPosted: Mon Jun 18, 2007 11:42 pm    Post subject: The Take Reply with quote

"The Take" definitely has some innovative ideas. Back in the 1930's, there were similar ideas expressed by a handful of Hollywood films during the Great Depression. These films extolled the virtues of cooperative communities, in which people lived by bartering and trading work to be done. For the movie moguls, this smacked of Communism, and films with these themes were suppressed. Louis B. Mayer and other moguls worked against progressive Democrat Upton Sinclair when he tried to run for Governor of California. They became cheerleaders for the economic right-wingers, and anyone who didn't support Capitalism was ousted as a "Commie." Of course, independent film companies did not fair very well during this period. A film like "The Take" never would have gotten wide exposure. Thank goodness for the Internet and DVD's.


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