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Blog: What is capitalism? Anyone knows?  



Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. Under capitalism the state is separated from economics (production and trade), just like the state is separated from religion. Capitalism is the system of of laissez faire. It is the system of political freedom.

capitalism is the cause of self-destructive political behavior on a massive scale.

 

This is from the book "CAPITALISM: A Treatise on Economics"
by George Reisman


The profit motive is the cause of starvation wages, exhausting hours, sweatshops, and child labor; of monopolies, inflation, depressions, wars, imperialism, and racism. Saving is hoarding. Competition is the law of the jungle. Economic inequality is unjust and the legitimate basis for class warfare. Economic progress is a ravaging of the planet and, in the form of improvements in efficiency, a cause of unemployment and depressions. War and destruction or additional peacetime government spending are necessary to prevent unemployment under capitalism. Economic activity other than manual labor is parasitical. Businessmen and capitalists are recipients of "unearned income" and are "exploiters." The stock and commodity markets are "gambling casinos"; retailers and wholesalers are "middlemen," having no function but that of adding "markups" to the prices charged by farmers and manufacturers; advertisers are inherently guilty of fraud—the fraud of attempting to induce people to desire the goods that capitalism showers on them, but that they allegedly have no natural or legitimate basis for desiring. (These are all common accusations that are bandied about again and again ad nauseam, in the media, in novels and plays, in classrooms and lecture halls.)

On the basis of such mistaken beliefs, Reisman shows, "people turn to the government: for ‘ social justice'; for protection and aid, in the form of labor and social legislation; for reason and order, in the form of government &lsquolanning.' They demand and for the most part have long ago obtained: progressive income and inheritance taxation ; minimum-wage and maximum-hours laws; laws giving special privileges and immunities to labor unions; antitrust legislation; social security legislation; public education; public housing; socialized medicine; nationalized or municipalized post offices, utilities, railroads, subways, and bus lines; subsidies for farmers, shippers, manufacturers, borrowers, lenders, the unemployed, students, tenants, and the needy and allegedly needy of every description."

Reisman's book flies in the face of all such anticapitalistic ideas and demands. Its thesis is that never have so many people been so ignorant and confused about a subject so important, as most people now are about economics and capitalism.

I tell you my friend, wake up and smell the coffee because the American Dream is just an illusion of freedom.   The American Dream is slavery.  Cannot you see that all it offers are attachments?  Because the more attachments you have the bigger the profit and profit goes parallel with power.  Do you know what power is?  Those who have powers have direct access to control.  Do you know what control is? 

control

Function: noun Usage: often attributive Date: 1590
1 a: an act or instance of controlling; also : power or authority to guide or manage b: skill in the use of a tool, instrument, technique, or artistic medium c: the regulation of economic activity especially by government directive —usually used in plural controls> d: the ability of a baseball pitcher to control the location of a pitch within the strike zone
 
Those with control have power thanks to the profits as a result of your attachments.
 
That's why to me the celebration of 4th of July means nothing.  Independence Day ... what a lie.

Posted: Friday July 4, 2008, 7:09 pm
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