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Billionaires and trillion-dollar monopolies is not a failure of capitalism; it’s capitalism working exactly as designed. The biggest lie you’ve been told is that capitalism is essential to democracy. The truth is capitalism tolerates democracy when it’s weak and replaces it when it’s strong.

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in reply to Aral Balkan

LPS
LPS
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But, "it's the lesser of two evils"
"There is no alternative" ;)

These phrases can be used in so many situations, it's almost as if they're mind viruses delivered by media/propaganda

in reply to Aral Balkan

DaveKaz
DaveKaz
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not sure the monopolies or billionaires are inherent to capitalism. The Chicago school of Economics is the reason we are where we are at now, along with Neoliberalism and the Citizens United Ruling. Capitalism would be different if those things don’t happen. Was this an inevitable end to capitalism? Don’t know. Would we better in a Social Democracy with Capitalism? Yes. It’s not like Socialism or Communism have been successful to the masses.
in reply to DaveKaz

LPS
LPS
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Unfortunately, the "winners" of capitalism will always use their "capital" to steer how the system works.

How do we bake in fail safes, so the group with the largest war chest doesn't abuse it too? It certainly isn't any of those systems, though something socially democratic is a step in that direction. It's almost like we need an international recognition, and written into law, that society cannot survive with any individuals or corps that horde beyond a certain level of wealth.

in reply to Aral Balkan

gpilz
gpilz
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- capitalism is the antithesis of democracy. What good does it do to have political democracy when you must kowtow to a completely authoritarian institution in order to have food, housing, etc.? A simple, trivial, example: You can vote to legalize marijuana (and win) but you can't enjoy it in the comfort and safety of your own home when you have to pass a piss test on Monday.
This entry was edited (4 weeks ago)
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