Truthout: Actually Existing Capitalism: Wrecking Societies for the Benefit of Big Capital and the Super-Rich

Doug Grandt shared Occupy Seattle's photo.

Actually Existing Capitalism: Wrecking Societies for the Benefit of Big Capital and the Super-Rich "Are all of the socioeconomic issues confronting Europe and the United States - recession or stagnant growth, skyrocketing unemployment, lowered prospects for new job creation, a demand shortage, a widening gap between the haves and have-nots, social malaise - merely consequences of the financial crisis of 2007-08? A strong case can be made that what we have been witnessing since then is not simply a severe financial crisis centered in the developed world but the fact that today's capitalism is simply incapable of functioning in an economic way conducive to maintaining sustainable and balanced growth." "In sum, actually existing capitalism has given up any pretext of being a "socially responsible" socioeconomic system and caters almost solely to the needs and interests of the rich and powerful by enforcing policies that are detrimental to the rest of society. Actually existing capitalism is a system that favors passionately and defends ruthlessly the interests of the 1% over those of the rest of society. This explains why the rich, big corporations and big banks have been doing so well at a time when the ranks of the unemployed keep growing and a sizable percentage of the working population struggles to merely survive. This is not then so much a capitalist crisis as an orchestrated putsch on the part of the most powerful faction of capital attempting to roll back the course of history to the detriment of the working populations. In this context, the economic and social crisis facing advanced capitalist societies today is manufactured by the pursuit of a ruthless class struggle by the economic elites and the national governments they control against labor for the purpose of transferring wealth from the poor and the working class to the rich, making the rich even richer and the poor poorer." http://truth-out.org/opinion/item/20558-actually-existing-capitalism-wrecking-societies-for-the-benefit-of-big-capital-and-the-super-rich ~Please Share~ BB