Tuesday 21 August 2012

The Problem With Capitalism

Why Wealth Is Not So Common

Capitalism is a system based on the private ownership of property and using it to produce a profit. However, just as a casino ensures it has a profit margin overall, most players end up losing over the long term. The playing field is not flat and even to begin with, either between different players or between the players and the casino banker. It's wise to stay away from casinos unless one knows more than the banker does! But if card-counters are spotted by the banker they will either be thrown out or invited to negotiations.

The general outcome of playing the capitalist-system game is a few winners and many losers. Big winners can set up their own corporate-empire board games so as to make bigger profits, while penniless losers will be lucky to land a job in an increasingly rich-poor divided system. Capitalism itself has no answers for such an unequal outcome to its game, other than corporate takeover of everything on the planet. Winners often argue that it was skill, and not luck, that earned them their top-dog position. However, with capital chips and monopoly money stacked up on their side of the table they can use it in ways to ensure they continue to make even bigger profits.

Crises come when pure capitalists, financiers or bankers, lack any guiding purpose other than profits. However, when large numbers of people become utterly poor, without work and with little hope of getting anywhere in the capitalist-system game, then the failure and breakdown of the system becomes inevitable. Government is meant to correct such gross imbalances long before they arise. However, governments have been bought out by capitalists to become part of the unbalanced capitalist problem themselves, and bereft of any understanding as to what went wrong while they continue to profit from the unbalanced system! Their moral compass was lost somewhere along the pathologically winding way to power.

The Biblical Year of Jubilee was celebrated after every seven, seven-year cycles i.e. every fiftieth year, when all god-given land was to be returned to its original owner, all debts were to be forgiven and all slaves were to be liberated. Such debt forgiveness is urgently called for now in many countries around the world where the capitalist-system game has run its course to its own systemic breakdown. However, forgiveness of debt is a hard thing to do for hardened capitalists. They see it as a too-easy let-off for losers, who may then even appear to be winners. Although they should know that worldly riches will burn them in hell, while it's easier for a camel to go through the eye of a needle than for a rich man to enter heaven.

The problems and burdens of how to deal with absurd quantities of casino chips and monopoly money in this capitalist-system game lies with hardened capitalists, financiers and central bankers. Perhaps they prefer to play among themselves for idiotically high stakes so as to determine who will be the big winner-takes-all Antichrist? Meanwhile, growing numbers of disinherited and unemployed people are not enjoying this high-stakes, capitalist-system game played by a few elite high-rollers much any longer.

David Harvey explains in more detail, and quite superbly, how capitalism causes crises -

http://www.youtube.com/watch?v=qOP2V_np2c0

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