Capitalism - The Most Grotesque Economic System Ever Devised

Steve Kinsman By Steve Kinsman, 11th May 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/15p2g-71/
Posted in Wikinut>Writing>Columns & Opinions

This very brief article argues that for capitalism to flourish, the earth must be plundered, poverty must become endemic, and people's lives must be ruined.

"And it's much cheaper down in a South American town, where the miners work almost for nothin." - Bob Dylan

Capitalism is the most profoundly predatory economic system ever devised. Capitalism's 'winners' number very few. It renders all the rest of us losers. For capitalism to flourish, the earth must be plundered, poverty must become endemic, and peoples lives must be ruined.

Capitalism is the greatest of all threats to democracy, for it is the least democratic of all economic systems. Both economic checks and balances and environmental restrictions put in place to curb the excesses of capitalism going back to the days of the New Deal have been systematically dismantled over the past twenty years, and now the capitalists have free reign to foist their destructive practices upon the entire world.

Capitalist propagandists state that capitalism is the only system which allows people, by dint of their creativity and entrepreneurship, to rise out of poverty and generate wealth for themselves, but really now, we're talking about one of a thousand here, or one of a million. Come on!

The capitalists take their businesses and their factories to wherever labor is cheapest. They engineer 'free trade' agreements like NAFTA and CAFTA, which they 'sell' as good for jobs and economic growth everywhere, which is one of the biggest lies they've ever come up with. Their constant outsourcing and going wherever labor is the least costly has caused massive unemployment and driven down wages precipitously in industrialized nations.

And their great success, particularly since the turn of this century, has resulted in a massive redistribution of wealth from the lower and middle economic classes upward, to the very rich. They've got - what? - ninety plus percent of the world's money in their own pockets, but they're not satisfied still. They want it all. Such is the nature of capitalism. As Gordon Gecko said, "Greed is good."

We can create a better system

The fractional reserve banking system, fully instituted and secured firmly in place in 1913, has aided, abetted and allowed the full flowering of unbridled capitalism. (See my article, Money=Debt.) If governments were to take back from the privately owned central banks (yes, the Federal Reserve Bank is a privately owned corporation, not a government agency) the authority to print and circulate currency, there would be no need for people to have to borrow at interest. Money could be loaned interest free. Of course, no goverment will do that, since virtually every political leader on the planet is wholly bought and paid for by corporate interests.

Why do we need money at all?

Beyond its use as a simple and convenient medium of exchange, money should have no other function. But why do we need money at all? It is possible to envision and then insitute a resource based economy, which allocates resources as needed on a world-wide basis and makes resources available to all people equally everywhere in the world. (I have written about this in another article - A World Without Money is Possible.)

Please check out two web sites: http://www.thevenusproject.com and http:www.thezeitgeistmovement.com, which show how a world without money can be achieved and free us all from economic enslavement.

Tags

Banking, Capitalism, Economics, Finances, Financial System, Free Markets, Free Trade, Investing, Money, Steve Kinsman

Meet the author

author avatar Steve Kinsman
I live in California with my wife Carol, where I have been practicing professional astrology for 35 years. I write articles on astrology, but I enjoy writing on a variety of other subjects as well..

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Comments

author avatar Songbird B
12th May 2011 (#)

A really powerful article, Steve....Thank you for the insight on this....

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author avatar Steve Kinsman
12th May 2011 (#)

Thank you, Songbird

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author avatar Carol Kinsman
12th May 2011 (#)

Unfortunately, most of us have been brainwashed into believing that to speak out against capitalism is to speak out against democracy itself and that would lead to "communism" or "socialism". Of course, that's complete hogwash. There are many ways to create a more humane society than the one we live in now. More people need to start thinking outside the box. The Earth cannot sustain this system which depends on continuous growth and creates a throw away society. We have to change and we have to change soon! For the sake of ourselves and our precious planet. Thank you for this article.

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author avatar Steve Kinsman
12th May 2011 (#)

Amen to all you say, my love.

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author avatar AnnH
21st May 2013 (#)

Steve you made some strong points in this post, it is very interesting and insightful.

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author avatar Steve Kinsman
21st May 2013 (#)

Thank you Gemstar99. I appreciate your comment.

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author avatar Grant Peterson
12th Apr 2014 (#)

Agreed that capitalism is a grotesque system, but the challenge with such a dominant system is how to oppose it and dismantle it, hence the series of articles that I am adding to Wikinut at the current time, together they will become an electronic pamphlet about fighting capitalism.

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author avatar Steve Kinsman
12th Apr 2014 (#)

I'm looking forward to reading what you have to say Grant. You might also want to check out thevenusproject.com and my article "Jacques Fresco, the Greatest Visionary You Never Heard Of."

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author avatar Nancy Czerwinski
24th Sep 2014 (#)

Steve, how lucky I am to be on a writing site with you. I've been studying the way the world runs for years. I tell people but yet nobody will listen. I should correct that and say a few people will acknowledge what I am saying. The fiat system is make believe. There is no such thing as money. I believe it's all about control. I read a book called "Atlas Shrugged" and "1984". I believe that's the way we are going. I appreciate your open views. There are so many closed minded people. I believe they don't want to know how the world is run. I listen, watch and read every single day. The rug will be pulled out from under us but I don't know when.

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author avatar Steve Kinsman
24th Sep 2014 (#)

Thank you Nancy. As long as there are people like you in the world there is great hope.

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author avatar Nancy Czerwinski
24th Sep 2014 (#)

Steve, I remain diligent. I hope that I will be able to guide people when there is a collapse. What people need to understand is that it will be every man, woman and child for themselves. If they wait for help none will be coming. The ones that will survive are the ones of a certain mind set. They will fend for themselves. I belong to an emergency response team and I've trained for 8 years. I've got medical training along with disaster training and even psychology training. It will all come into play during a collapse. We are taught to do the most good for the most people. I can set a bone in the woods. Stop bleeding from an artery and take care of someone that goes into shock among many other things. My wish is that everyone would prepare for disaster.

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author avatar Steve Kinsman
24th Sep 2014 (#)

Good for you Nancy. I believe we are going to have to gather together locally in cooperative, self-sustaining communities to survive, with everyone contributing what he or she does best.

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author avatar Nancy Czerwinski
24th Sep 2014 (#)

At that time Steve, I think a barter system will work. Some people may have extra water. Some may have coffee or tea and the list goes on and on. What do you think?

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author avatar Steve Kinsman
24th Sep 2014 (#)

Probably at the outset, but eventually a resource-based economy would work better.

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author avatar Steve Kinsman
24th Sep 2014 (#)

Probably at the outset, but eventually a resource-based economy would work better.

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author avatar Nancy Czerwinski
24th Sep 2014 (#)

I see what you are saying. Initially we will have to use what we have on hand and from there a resource-based economy would definitely work.

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