“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” – Winston Churchill
Nowadays, the latest boogeyman is the Islamic fundamentalist, the bearded religious whacko that is constantly poised to take over our country, rape our women, pillage our homes and economy. Back in the day, it was the dreaded communist/socialist that threatened to subvert and destroy the great “American dream” and replace it with a goose-stepping dictatorship dedicated to eliminating free enterprise and the ownership of individual property, destruction of that “opiate of the masses”, religion, replacing it with a humanistic communal-type of system where everyone supposedly shares the collective wealth.
But, what is capitalism, really?
” An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.”
Is that what we have today, in North America? A system where anyone with a few dollars in their pocket can go out and become rich from the skin off his/her knuckles and the sweat from their brow? Or, do we have a system that has and is becoming so regulated and compartmentalized that no one individual can make it on their own without the help of other interests, namely those controlled through and by the state? What can you do without capital provided by a state-owned and controlled bank, for instance? Are there any private banks left in the land, or do we apply to the big corporate banks for the necessary funds?
Granted, even those big corporate state-regulated banks have shareholders, some with inordinately large investments in the company. These are roughly comparable with what one might term as compatible with a democratic capitalistic formula, at least as it is commonly understood. These would necessarily have the voting power to supersede or negate any influence lesser investors/owners might exert, therefore becoming a monopoly within a monopoly, as it were. The market is based upon monopolies, with large corporations invariably controlling the economy it services. Controversially, if monopolies are the rule of thumb, where is the chance for a free market to exist or come into play?
Could it be possible for certain wealthy individuals to actually control the state, itself? Take the US Federal Reserve, for example. While the term “federal” precedes it, it is nevertheless a privately-owned and run institution that just happens to print the nation’s currency, formerly intended to be a privilege of the government. You can look all you want, you won’t find their number listed in the government pages of the phone book. The “Fed” is owned and operated by a collection of American and foreign businessmen, totally independent of the US Government. These privileged few determine policy for all other lending institutions, inevitably setting the conditions for running the economy of the nation. It is a monetary form of a dictatorship, indirectly controlling the lives of millions operating under the assumption that they live in a free and open-ended society that is based upon individual effort.
Communism, a derivative of and front for socialism, supposedly removes the opportunity for free enterprise and places it in the hands of the ruling government or state, which then distributes the wealth evenly, though the chasm between wealthy Russians and the vast majority of the peasantry is wide and deep. Coincidentally, that same disparity exists in our hemisphere, between the classes.
For all intents and purposes there really isn’t any difference in the nature between capitalism and the collectivism we term as communism. Each employs a monopoly of some kind, either overt or covert.
But, I’ve rattled on for long enough. I’ll let an expert illustrate that what we have for an economic structure is really indistinguishable from that which we claim to be evil…
By this video, what we have in place in our country is “monopoly capitalism”, a.k.a. a blueprint for the socialism that “capitalism” claims to refute. It’s a confusion of terms that is keeping the masses ignorant of the reality that exists in our society and is keeping us down. Anyone not recognizing we are headed more and more into a collective state has their collective head up their ass… so to speak!