| | 09-26-2013, 01:16 PM #378
Originally Posted by katiepea
In fact it is. The end result of a capitalist system is that it takes over every other system (political, judicial, legal, equitable, religous etc..).
America is the perfect example of capitalism. Those with money use that money to gain political influence in order to have laws written that protect their financial interests, which in turn add to their capital and provide further political power. Laws can be written to protect capitalist from recourse by those they've harmed (see tort reform laws which essentially block folks from suing for personal damages for harm done to them, and/or cap the amount of damages one can collect); to harm those who might interfere with their market share (see new laws requiring the US post office - which is a private entity- to more have more than 2X their pension funded where Fed Ex and UPS and well,, no one else does); and influence public opinion (see laws deregulating public airwaves and print media) allowing one entity with a single point of view to absolutely dominate the public discourse.
The de-regulation of the financial markets back to the days pre-Glass-Steagall, allowing banks to invest private savings/ private deposits protected by the federal government in the form of FDIC (taxpayer funded), which caused most of the world's mess the last 8 years, is entirely in keeping with capitalism.
The goal of capitalism is capital for capital's sake. If you are a capitalist you will use all means at your disposal to make more capital. Including using taxpayer money to insure my risky bets.
Proof? None of the de-regulation which caused the crash, including the above example of using taxpayer funded FDIC to insure risky bets, has been re-regulated. None of it. And if you are a capitalist you will invest significant amounts of money, far more than any non-capitalist could muster to lobby that things stay this way. Why would you do anything else?
None of this is to say whether I believe the above is a good thing or a bad thing. That is for each individual to decide. All I am saying, is understand that capitalism is performing as it intended in the United States.