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When Did Capitalism Die in America?

CapitalismCapitalism
Courtesy of Felix Fuchs (Unspalsh CC0)

Capitalism no longer exists in America. What exists currently is called a “Plutocracy.” Here are a definitions from a dictionary.

Capitalism: “ an mercantile complement characterized by private or corporate tenure of collateral goods, by investments that are dynamic by private decision, and by prices, production, and a placement of products that are dynamic especially by foe in a giveaway market.”

Plutocracy: “a nation or multitude governed by a wealthy.”

The best examples of since capitalism died in America years ago are a miss of a “free market,” that has not existed for decades, and a finish of investments that were dictated to foster expansion and boost profits.

Nothing Will Prevent a Growth of a Plutocracy

Antitrust laws were upheld to forestall monopolies. However, a supervision has authorised an increasing series of mergers over a final few decades. Today, transport by blurb airlines is an expensive, miserable, and unpleasant experience. This is since a few vital airlines that exist have concluded to assign a same prices, and mislay competition. This began in a 1970s when we worked for a airlines in Los Angeles, and Republicans demanded a finish of supervision slip in a attention ensuing in reduction use for travelers, and increasing profits. Never will we fly again. we was compulsory to when we was employed by a 2010 Decennial Census, though never again. we hatred it and will never give a singular dollar to these miserly corporations.

This is not a usually establishment that has unsuccessful to place consumers in a position of priority. Nothing matters though profit, and we and we compensate for that reality.

Which leads me to a biggest rape of a American people and a finish of capitalism as we knew it.

American Workers Pay for a Lifestyles of a Super-Rich

When we was in my 20s in a late 1960s and early 1970s, companies reinvested their boost to boost distance and destiny success financially and for a destiny of their companies. Today, when companies expand, they no longer deposit their possess profits, they assign consumers aloft rates for supposing services, and boost a prices of commodities. This exists currently in a form of what we call “greedflation.”

Therefore, America has turn a plutocracy. Right wing politicians accept their orders from a nation’s billionaires. This is another instance of what America is all about today: if we wish to know a truth, follow a money.

Schumpeter likely what is function today.

While Marx believed a finish of capitalism would come in a form of a working-class rebel due to capitalism’s failures, Schumpeter instead believed that capitalism’s successes would eventually destroy a complement from within—a prophecy that in many ways looks to be entrance loyal during a some-more fast rate than ever.

Capitalism always fails. Greed and energy eventually destroy what were once obliged mercantile policies that constructed a healthy and moneyed economy.

Remember: if we opinion for a Republican, we are giving a rich a right to use your income to raise their personal bank accounts.

Written by James Turnage

Find my 9 novels on Amazon’s Kindle

Sources:

The Fraser Institute Blog: The Death of Capitalism—Schumpeter’s augury entrance true

The Guardian: The finish of capitalism has begun

Top and featured picture pleasantness of Felix Fuchs‘ Unsplash page – Creative Commons License