Capitalism: “An economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.”
The Miriam Webster definition of ‘capitalism’ is simple and sounds sensible. In its beginnings in the United States, it allowed our nation to become the most successful country in the world. As businesses experienced increased profit, employees shared in the profits, and the consumer experienced lower prices thanks to competition. In the 21st century, capitalism is the force that has created greed, income inequality, and a growing poverty level. Capitalism has encouraged one of our two major political parties to support profit before people.
Americans in my age group who have all of their mental faculties; (sorry Trump; this does not include you); remember that when businesses and corporations experienced a 30 percent profit, they had found success. They increased production, hired more workers, and gave raises to their most valued employees. America, all Americans, flourished.
Today, capitalism has become the enemy. Corporation’s profits have risen to 300, 400, and even 500 percent. CEO’s are paid tens of millions of dollars. The working class could do nothing as their wages became stagnant. Tens of thousands of jobs performed by less educated Americans were shipped overseas. Beginning with Ronald Reagan, Republicans instituted a single fiscal policy; “trickle-down economics.” The misnamed ‘job creators’ did not hire more workers. Those they did hire were employed part time, insuring that they were not eligible for health insurance and other benefits. They placed their bloated profits in offshore accounts.
Here we are in 2017. Not only has capitalism increased income inequality, we now have an illegitimate president who is a member of the one-percent. He brags about not paying any taxes, while tens of millions of Americans struggle with low-paying jobs. Every day thousands of more American families slip into the poverty level. His horrific healthcare proposal; Trumpcare; and his budget would both be gifts to himself and the other members of the one-percent. His choices for his cabinet and closest advisers are billionaires and millionaires whose ideas would harm the majority and increase their personal wealth.
Bernie Sanders was 100 percent correct. If democracy is to return to America, and the separation of rich and poor narrow, a system of democratic socialism is the only answer. While Trump plans to deregulate everything, we actually need many more constraints on big business and the super-wealthy, along with fair taxation.
This can only be accomplished by removing power from those in Washington who fail to represent the working class. The Republican Party and their illegitimate leader have failed us for more than 20 years.
Vote the bums out and take back your country.
Please re-post; thank you.
by James Turnage
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