Capitalism And Why

A simple look At the Beast

Capitalism–what is it? Is it an economic system? Or possibly a historic stage of civilazation? Well, those are excellent questions with no good answer. It depends on which side of the economic spectrum.

Please step into the “way back” machine once again. Push the backward button and –Zoom! Zap! Pop! and here you are–modern capitalism originated in the land of the English workers in the Industrial Revolution. The magnates of industry who operated the mills extracted their profit from the exploitation of children, women and later adult males. They were parasites that lived off the labor of someone else; they created nothing, other than the pursuit of more profits, in other words GREED! These people owned the factories, the land, the at one point even owned the workers.

Then came the trade unions, rising wages and social reform, that was good right? Depends on who you were. Income and wealth still was unequally distributed. The owners still owned the factories and the workers still had to sell their labor and were still exploited.

Capitalism has always been a chaotic and unstable and disorderly mode of organization of the economic scene. There are always disruptions in the cycles that effect the worker, the farmer and the small businessperson, leading to unemployment, bankruptcies and homelessness.

Believe it or not, even the cheerleaders of capitalism have seen it to be deficient. There are few competitive markets, nothing like the great Adam Smith had originally envisioned. The modern capitalist system is increasingly conntrolled ny monopolists, multinational giants, and by a market that is dominated by fewer and fewer suppliers.

And lastly, all this activity among the players is causing irreversible damage to the environment and deflating the public good. The materials and advancements of worldwide capitalism is a beast that will eventually consume the civilization that it now controls. More and more, capitalism is loom large and menacing the public health and well being of the worker, the citizen and the world.

In closing allow me to say this–Not many analysts of capitalism have ever thought it would be a permanent system, but yet the leaders of the system find ways to keep the beast alive and continually feed it with the sacrifices of the world’s workers.

copyrighted by CHUQ, lobotero Info Ink

29 thoughts on “Capitalism And Why

  1. Capitalism is the only system that puts real value on goods. Any other system merely applies some elite crack pot’s value on a good.

    • The only value that goods have is the creation of wealth…….ALL systems are some elite’s idea of what is what…..do not get me wrong…I am all for free trade, but not what we call free trade now.

  2. I was thinking you should have traveled much further back into the time machine…to the birth of the concept of private property.

    I’d like to comment further but it would appear that my son is shutting himself into the dryer.

  3. I love the concept and the picture you paint of Capitalism. I suppose if you stand far enough away from the picture itself and see only the very boldest features with no detail at all, then there is some comparison with reality (as I see it at least and, as we have agreed, almost everything is subjective on one level or another)…

    However, I know that, as a friend, you will not be offended if I say that, up closer, this view of even that quite unbalanced and stark era of Britain’s past, what you describe is basically poppycock.

    If you are going to look seriously at the historical element then you have to see how what happened in the mills of the wealthy industrialists relates to the accepted norm in society at that time along with the lot of the ordinary people elsewhere in the country, much of the rest of which still operated as an agrarian economy.

    At that time and for some considerable time to come, it was absolutely normal for children as young as six to work a twelve or fourteen hour day, or even longer. Whilst I don’t think that is in any way shape or form an ideal situation, just as today in many tribal and remote societies throughout the world, one of the major reasons for having many children was and is that they could work to support that family and a surprisingly small percentage of them lived to adulthood. It undoubtedly seems awful to most of us now, but judged against human practice all across the world at that time, there was nothing exceptional about it at all.

    Equally, some (many?) of those mill-owners you criticise may have been harsh in some ways and greedy and all the rest, but they were not at all bad compared with most employers of the time and also took a considerable “paternal” interest in the welfare of their workers. Consequently, those workers were mostly DELIGHTED that the mill-owner would also employ their children – indeed, many of the machines were specifically designed to facilitate them being manageable by children.

    Far from these ogres you describe forcing their employees and their children into some kind of pseudo slavery, they were in many ways a GODSEND to these people, which is why they flocked to the mills (the mills didn’t come to them – the other way round) and they were often provided with modern (at the time) cheap, or even free, housing that was way better than they were accustomed to. The alternative to moving and getting work in the mills and similar industrial enterprises was to remain in the countryside or in some other form of service to wealthy landowners, work even harder for even less reward, as they had done for centuries, and probably starve!

    Yes, the coming of unions much later did do much to improve the lot of workers – sadly, that same phenomenon has gone on to pointlessly almost single-handedly destroy much of the UK’s industry. Without the rise of the mills and the industrial revolution it heralded. Unions would never have even come into being. Without that industrial revolution and the wealthy industrialists and captains of industry you so despise, unless you can trace your ancestry DIRECTLY back to the Mayflower or a few other sailing ships that successfully made the crossing, YOU wouldn’t even exist and America would be far less of a problem in the world than it is today because it would still take three months to get there, or BACK!

    While I am in “reactionary mode” and whilst, as a modern person in a modern society, I don’t support such utter drudgery for our children today and modern education must undoubtedly come first, I don’t see what the hell is wrong with them going out to work during some of their “leisure” time and helping to support their families – not least by paying for their own damn PS3s, X-Boxes and iPhones. If they had less time and energy available to hang around street corners, take drugs and knife hard working citizens for a few dollars, we might all be much the better for it.

    Just another way of looking at it all, you understand… :lol:

    • We could argue and argue about capitalism….and we would hold to our beliefs…….I do not want people to think that I am against capitalism totally…I am not……I however do not believe that what is good for private profit is also good for the public welfare…..capitalism has given us auction politics and I do not see where that can lead to any good.

      • Far from these ogres you describe forcing their employees and their children into some kind of pseudo slavery, they were in many ways a GODSEND to these people, which is why they flocked to the mills (the mills didn’t come to them – the other way round) and they were often provided with modern (at the time) cheap, or even free, housing that was way better than they were accustomed to.

        Quin,

        I wonder if peasants flocked to this “GODSEND” because there was no other alternative. Capitalism had won the day, so they adapted to it not because they wanted to, but because they had to.

        Do you think that is a fair look at it?

  4. I definitely think serfdom was so much better than being employed by a mill owner. /tongue-in-cheek

    Obviously if the mills didn’t offer something people wanted (easy access to employment, a steady income, etc.) then they’d have a hard time finding people to even apply for a job.

    • If industrialists could have found a way to run the machines they had without people then the serfs would have been left to their own devices……..the breakdown of the aristocracy in the UK had more to do with misplaced workers than did the industries.

  5. Excellent. Wonderful. You really have mastered the subject and most significantly, you have mastered the art of article composing. Waiting for more writings from you.

  6. I do not know of any other system better than capitalism, If government takes care of you from cradle to the grave it invites stagnation. I Have not seen a good idea come out of Europe in 50 years.

  7. “Capitalism–what is it? Is it an economic system? Or possibly a historic stage of civilazation? Well, those are excellent questions with no good answer.”

    Answer: Capitalism is an economic system where the individual has full control over how he utilizes the resources that he owns. The government in this system has two roles: first, to punish those who initiate force against others, and second, to enforce contracts between consenting parties.

    See how easy that was?

  8. Wow, fantastic blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is excellent, let alone the content!. Thanks For Your article about Capitalism And Why Info Ink .

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