Capitalism Posted on 05/23/2010
It's the economic system of choice for any nation who's citizens want reward and protection for their individual creativity and perseverance.
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The Difference in Earnings: The Any Street Protesters and the Envy Gap
Posted on 12/26/2011
The signature issue of the disjointed, shambling Occupy Wall Street protest movement is money—who has it, who got it unfairly, who has to pay it back, who gets it in government bailout programs, what gets bought, and whether it’s fair that some have so much to influence political processes while others have so little.
The litany of demands expands with every protester questioned. Shared prosperity, an end to differences in income (the term, disparity, often comes up as a loaded substitute for the correct term, difference), ensuring equality of pay. Limits on political contributions, restrictions on the financial ventures that banks may pursue (reinstatement of the Depression-Era Glass-Steagall Act, which separated commercial banking from investment banking), more accountability and more prosecutions of Wall Street criminals who brought about the 2008 financial crisis, more legislation, more taxes on the investments and incomes of the wealthy (capital removed through taxation can’t be used to capitalize startup companies, create more capital, or to employ more workers, regardless of the income level of the taxed). Reduction of property foreclosures, reform of political lobbying, and free health care. Corporate responsibility to customers, cleaner environment through more stringent pollution regulations on manufacturers, recognition of animal rights. Higher minimum wage, more employment, guaranteed employment and prohibition on overseas manufacturing by American companies, lower consumer goods prices, forgiveness of student loan debt, an end to poverty. An end to war, an end to police brutality, an end to racism, an end to unemployment, an end to financial obligation to any corporation or government, an end to the two-party political system, an end to political corruption, an end to greed, an end to hardship.
An end to the capitalist economic system. An end to order. Anarchy.
The Occupiers want a socialist free ride, to rebuild society so that the absence of initiative and productivity and business skill are rewarded, but the Occupiers can’t announce this hidden agenda, else reveal their false claim to moral legitimacy.
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