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Lodestar

(2,388 posts)
Sat Mar 15, 2014, 11:26 PM Mar 2014

Capitalism - a 4 letter word

"E.V.I.L."


The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil.... Private capital tends to be concentrated in few hands... (resulting in) an oligarchy of private capital, the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists....

The consequence is that the representatives of the people do not in fact sufficiently protect the interest of the underprivileged sections of the population. Moreover... private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult and indeed in most cases quite impossible for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.

The crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as preparation for his future career.

--- Albert Einstein 1949




"The profit motive, in conjunction with competition among capitalists…leads to a huge waste of labor, and to that crippling of the social consciousness of individuals which I mentioned before.
This crippling of individuals I consider the worst evil of capitalism. Our whole educational system suffers from this evil. An exaggerated competitive attitude is inculcated into the student, who is trained to worship acquisitive success as a preparation for his future career.
I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals.…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.”
–Albert Einstein, “Why Socialism?” The Monthly Review, May 1949



http://monthlyreview.org/2009/05/01/why-socialism


.................................................And other quotes on capitalism: ..................................................



“A true revolution of values will soon cause us to question the fairness and justice of many of our past and present policies. ... A true revolution of values will soon look uneasily on the glaring contrast of poverty and wealth. With righteous indignation, it will look across the seas and see individual capitalists of the West investing huge sums of money in Asia, Africa, and South America, only to take the profits out with no concern for the social betterment of the countries, and say, "This is not just." It will look at our alliance with the landed gentry of South America and say, "This is not just." The Western arrogance of feeling that it has everything to teach others and nothing to learn from them is not just.”
― Martin Luther King Jr.



One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.”
― Carl Sagan, The Demon-Haunted World: Science as a Candle in the Dark


“The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.”
― Thomas Jefferson


“Growth for the sake of growth is the ideology of the cancer cell.”
― Edward Abbey, The Journey Home: Some Words in Defense of the American West



http://www.goodreads.com/quotes/tag/capitalism


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Lodestar

(2,388 posts)
2. True dat. But sometimes words are ahead of their time relative to group consciousness
Sat Mar 15, 2014, 11:56 PM
Mar 2014

I think we are only now 'seeing' the real problems created by capitalism though I think any system is vulnerable to corruption regardless of it's initial intent. They are carried out by humans....there's the rub.

That said...I changed my title cuz you are correct...everything old is new again.

Nye Bevan

(25,406 posts)
3. What about capitalist countries such as Denmark, Germany and Norway?
Sun Mar 16, 2014, 12:04 AM
Mar 2014

Which have generous social benefits and universal healthcare?

Capitalism is the best system (if you don't think so, please give me a list of the most successful non-capitalist countries). It just needs to be regulated and controlled.

 

Pharaoh

(8,209 posts)
6. how about Denmark Norway and Germany
Sun Mar 16, 2014, 12:31 AM
Mar 2014

who are socialistic to the point they make sure everybody's basic needs are met. How? They take from those who have more than they will ever need, it's a progressive tax system that actually "does" lift all boats!

mbperrin

(7,672 posts)
7. Adam Smith on wages and profits:
Sun Mar 16, 2014, 12:36 AM
Mar 2014

"Our merchants and master-manufacturers complain much of the bad effects of high wages in raising the price of their goods both at home and abroad. They say nothing concerning the bad effects of high profits. They are silent and regard to the pernicious effects of their own gains. They complain only of those of other people.

"The interest of the dealers in any particular branch and trade or manufactures, is always in some respects different from and even opposite to, that of the public."

Book 1, Chapter 9 The Wealth of Nations

 

Scootaloo

(25,699 posts)
10. Often lost in the neoloberal praise of Adam Smith...
Sun Mar 16, 2014, 01:31 AM
Mar 2014

Is the context of the reality of his day. Adam Smith lived not just in a non-democratic country - the Monarchical rule of Britain - but he lived and wrote in a world before democracy. Some of the ideas were out there of course, but it was all philosophical jibber at the time.

In Adam smith's world, government was purely vampiric; You paid taxes or else you were killed or enslaved and shipped to Barbados. Those taxes did not go to the common welfare of the country but to the private coffers of the gentry and the funding of wars for the sons of the idle rich to earn "merit" in - directly at the expense of the taxed, whose own sons were conscripted into such conflicts. Government interference in business translated into violent protectionism of some business owners against others, depending on who had hte better ties to the ruling class - and dissidents were, again, shipped off to the sugar plantations.

Simply put, the letter of what Adam smith exists in a world that no longer exists in most of the globe. His intent however, was very clearly to urge the economic betterment of all people. I believe, had he taken up his treatise after 1776, that he would have become the founder of modern socialist thought.

mbperrin

(7,672 posts)
14. If by that, you mean that capital items like tools were used to make things,
Sun Mar 16, 2014, 12:47 PM
Mar 2014

rather than just hunting and gathering, you're right.

If you mean corporations and all that other claptrap, well, sorry.

socialist_n_TN

(11,481 posts)
15. Yep, as Marx's historical researches proved.........
Sun Mar 16, 2014, 12:58 PM
Mar 2014

There's a progression involved in political/economic/social systems and capitalism was DEFINITELY an improvement on feudalism on the economic front. Political and social, not so much. But today the problem is not so much production as it is distribution of that wealth.

mbperrin

(7,672 posts)
17. Absolutely right. Hunger is political.
Sun Mar 16, 2014, 05:36 PM
Mar 2014

This country alone has so much surplus food stockpiled off the market to keep prices up that one of the biggest problems is keeping it from rotting away.

Lack of health care is political.

You're right - all shortages these days are simply political.

socialist_n_TN

(11,481 posts)
18. Exactly. Not talking about the "latest widget" of course. but.......
Mon Mar 17, 2014, 08:57 AM
Mar 2014

when it comes to necessities, the productive capacity is there to feed, clothe, shelter, educate, insure, and yes, even provide a guaranteed minimum income for everybody. But it won't happen when all of the RESULTS of this production is hoarded in just a few hands in order to keep profits in those same hands.

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