Personal opinion about capitalism creating economic classes in society

Those five are the duties of universal obligation. Knowledge, magnanimity, and energy, these three, are the virtues universally binding. And the means by which they carry the duties into practice is singleness. Some are born with the knowledge of those duties; some know them by study; and some acquire the knowledge after a painful feeling of their ignorance.

Personal opinion about capitalism creating economic classes in society

Submit Yes capitalism is bad Because history and current events prove it is wrong and we are educated and informed. Regulations came into being because so many bad businesses were doing so many evil things to destroy other companies.

Same thing with the anti-monopoly laws. Same reason unions came into being. There are hundreds of bad businesses who pump a lot of dollars into politician pockets.

They drive out the small businesses, they lie, cheat, steal, and put crap into the marketplace and our environment.

Because the competition is destroyed, people have no choice. Are you really so stupid to think that a small business can compete with a massive corporation like Monsanto, GE, Ford, Walmart, etc? What planet do you live on anyway.

Like they have done with the post office, putting on absurd restrictions that no company is expected to meet.

Personal opinion about capitalism creating economic classes in society

They did the same with Medicare, forcing them to pay full price for prescriptions instead of negotiating bulk purchase. Amtrak works well, but is likewise limited because the cons want them to fail.

The union businesses that fail do so because of the greed and poor business practices of the leadership, not the unions. Hostess is fine example. They blame the unions but while they were going through bankruptcy, the top level people tripled their pay, driving the company into the ground.

Same kind of stuff with Detroit.

STAGE The Grab for Power

Business has proven itself completely incapable of self-regulation. How can wage slaves and the vast majority of us are be considered "free"? With a few notable exceptions, consumers are but a tertiary concern.

Businesses can join together right now for the benefit of an industry, should they so choose. Lack of regulation costs lives. Recently, 29 men were murdered by Massey Mining, but there was zero accountability.

Business are not in the business of helping the consumer, the environment, or their workers. They are in the business of making a profit. Many times that means screwing the consumer, the environment, and their workers.David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London.

Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5, Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland. Capitalism is an economic system based on the freedom of private ownership of the means of production and their operation for profit.

Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets.

In a capitalist market economy, decision-making and investment are determined by every owner of wealth. Back to issue 2. International Socialist Review Issue 2, Fall Engels and the Origin of Women's Oppression. by Sharon Smith Sharon Smith is a regular columnist for Socialist Worker and the author of a forthcoming book on Marxism and women’s liberation, to be published by the Center for Economic Research and Social Change.

The Financial Times’ Martin Wolf gives a cogent and sober assessment of what he deems to be a destructive refusal to adjust policies on behalf of the world’s two biggest exporters, China and Germany.

Personal opinion about capitalism creating economic classes in society

The problem is that both simultaneously want to have their cake and . A capitalist society is based on the recognition of individual rights, including property rights. Under capitalism, all property is privately owned, and the state is separated from economics just as it . Society as we know it will break down and collapse in a five stage process outlined here.

While it can be accelerated by certain events like war, a natural disaster, pandemic, terrorist attack, or even an impending asteroid impact, history has shown that economic collapse will essentially happen in .

Capitalism - Wikipedia