Continuing the discussion of Capitalism:
Unrestricted/ungoverned Capitalism is a Ponzi scheme. Once you have crested the normal exchange and amassed wealth, it is no longer Capitalism, but something else.
Power essentially. It starts feeding itself, amassing to itself more.
Unrestricted/ungoverned Capitalism is a Ponzi scheme. Once you have crested the normal exchange and amassed wealth, it is no longer Capitalism, but something else.
Power essentially. It starts feeding itself, amassing to itself more.
There are different levels or types of Capitalism. There is the local version which is the simple exchange for goods/services. This is what is pointed to as the example of Capitalism vs other economic systems.
There are other dialects, like Global Capitalism that function
There are other dialects, like Global Capitalism that function
very different rules. When people, like @BernieSanders talk about challenging the working model they are speaking about the versions that have gotten so much wealth that money is no longer a means of exchange, but has become a function of power.
This power accumulates outside
This power accumulates outside
normal confines of normal capitalism.
When this is pointed out, those defenders of the power system try to attribute the qualities of the local dialect to the power version. Usually successfully, because we suck at making distinctions.
When this is pointed out, those defenders of the power system try to attribute the qualities of the local dialect to the power version. Usually successfully, because we suck at making distinctions.
But make them we must if we ever hope to progress as a functioning society, better than a bifurcated separation of economic classes that dwarfs the Grand Canyon.
Problem is, of course, the battle is against immense power. And that power does not wish to cede an inch of its gains.
Problem is, of course, the battle is against immense power. And that power does not wish to cede an inch of its gains.
