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
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