Does capitalism spiritually bankrupt people by encouraging greed, hatred, violence & envy?
DICTIONARY.COM “An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market. ” WIKIPEDIA “Capitalism refers to an economic and social system in which the means of production are predominantly privately owned,[1][2] are operated for profit,[3] and in which investments, distribution, income, production and pricing of goods and services are determined through the operation of a market economy. It is usually considered to involve the right of individuals and corporations to trade, using money, in goods, services (including finance), labor and land. Capitalist economic practices became institutionalized in England between the 16th and 19th centuries, although some features of capitalist organization existed in the ancient world, and early forms of merchant capitalism flourished during the Middle Ages.[4][5] Capitalism has been dominant in the W
Yes it does. Unrestricted free-market capitalism is foolish. American citizens can simply look to the healthcare, pharmaceutical and oil industries as evidence. These companies and their CEO’s are making BILLIONS yet have the audacity to not invest in infrastructure improvements (oil industry), and charge exorbitant amounts of money for their product (health and drug companies) .
Absolutely. That’s why people have formed societies, laws and governments to quell the abuses of greed and gluttony inherent in capitalism. It was the excesses of the Capitalist Robber Barons which created the need for Anti-trust laws, for laws against child labor, and for countervailing employee power of unions. Neocons obviously have made a concerted effort to dismantle these protections. One way has been to take away our jobs and send them somewhere else. Now we can’t even provide Necessary goods for ourselves. Our Military’s bullets come from Taiwan and our rice goes to China.
