When Republicans use the word “Capitalism” they mean “A system where the rich can exploit the working class as slave labor. A system where laws don’t apply to the rich, and there are no protections for the working class against the rich.”
Business decision making: Be a dictator!
Are bosses dictators?
When your boss is a dictator
The best companies in the world are run by enlightened dictators
Debt is capitalism’s dirty little secret
Capitalism and slavery
How capitalism was born in ‘robbery, violence and fraud’
Actually it’s even worse than it sounds.
Capitalism only works for less than 20% of the people who were able to save up the tens of thousands of dollars needed as startup capital for their own business, or who were lucky enough to get a loan from a bank or rich uncle.
The statistics look even worse when you take the entire population into account, and not only those lucky few who had access to the money required to start a business.
8 out of 10 businesses fail: According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn.
90% Of Startups Fail
Mass poverty is not a bug but a feature of capitalism. Capitalism without mass poverty wouldn't work. Millionaires don't flip burgers for minimum wage.
Poverty is what motivates people to work and do all those unpleasant things that they wouldn’t do if they didn’t have to.
How debt is becoming a new form of modern slavery
Debt, poverty, and slavery
Debt slavery
How slavery became America’s first big business
Slavery's capitalism
University of Pennsylvania Press
In order to understand the brutality of American capitalism, you have to start on the plantation
The clear connection between slavery and American capitalism
American slavery, reinvented
Prison labor and modern slavery
Karl Marx was right: Workers are systematically exploited under capitalism
"There is, however, a somber point in the social outlook of Americans. Their sense of equality and human dignity is mainly limited to men of white skins."
Albert Einstein
"Freedom in capitalist society always remains about the same as it was in ancient Greek republics: Freedom for slave owners."
Vladimir Lenin
"I honor Lenin as a man who completely sacrificed himself and devoted all his energy to the realization of social justice. I do not consider his methods practical, but one thing is certain: men of his type are the guardians and restorers of humanity."
Albert Einstein
“I am convinced there is only one way to eliminate these grave evils [of capitalism], namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.
In such an economy, the means of production are owned by society itself and are utilized in a planned fashion. A planned economy, which adjusts production to the needs of the community, would distribute the work to be done among all those able to work and would guarantee a livelihood to every man, woman, and child.
The education of the individual, in addition to promoting his own innate abilities, would attempt to develop in him a sense of responsibility for his fellow men in place of the glorification of power and success in our present society.”
The world economy is a pyramid scheme, Steven Chu says
Multilevel marketing scams expose capitalism’s foundational lie
Is the global economy just a giant debt scam? What the financial elite doesn't want you to know
The scam of capitalism: How we get duped every day
Capitalism isn't 'broken'. It's working all too well - and we're the worse for it. Exploitation is a feature of capitalism, not a bug. Our economic system is beyond salvage.
World’s five richest men double their money as poorest get poorer
Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years
The top 1% of American earners now own more wealth than the entire middle class
As the rich get richer everyone else gets less happy: As the wealth of the richest explodes, the rest of us are left stressed, worried, angry and with lower levels of life satisfaction
This post first appeared on Malloy.rocks
"capitalism was born in ‘robbery, violence and fraud’" - It's so important that you and others continue to educate and spread the truth of this draconian system! It's insanely brutal and exploitative, although a good number of its victims remain oblivious to the true nature of their oppression. Our educational systems, institutions, politicians, "media" and other brainwashing specialists continue to facilitate this confusion. Thanks for your continuing efforts to spread the truth.
I thought I understood capitalism and “free” markets, and why they were “good”. I was very mistaken. Robert Reich’s “Wealth and Poverty” classes available free on YouTube (they are from his UC Berkeley seminars) were the best economic education I ever received.