Tag(s): ; ; ; ; ; ; ; ; ; , Add Tags
Add to My Group(s)

Must Read 1   View Ratings | Rate It

Promoted to Headline (H4) on 10/13/11:     Permalink
View Article Stats      (1 comment)

The 1% and Capitalism

Add this Page to Facebook!
Submit to Twitter
Submit to Reddit
Submit to Stumble Upon

Tell A Friend
Become a Fan
Get Embed HTML Code
By (about the author)

Become a Fan Become a Fan  (12 fans)   -- Page 1 of 1 page(s)

opednews.com



By definition, capitalism is: An economic system based on private ownership of the means of production (industry, banks, technology), where through the process of market competition, production occurs for private profit -- if something cannot be sold for a profit it is not produced.   

In practice, private ownership has evolved into giant corporations, which monopolize production, markets, and government via campaign contributions, corporate lobbying (often legalized bribery) and promising politicians a cozy retirement from politics: "working" for corporations as consultants, lobbyists, etc. 

There are certain policies that raise profits for corporations in general, including: destroying labor rights and attacking unions (since lower wages equals higher profits), slashing social spending (since corporations paying taxes cuts into their profits), cutting Medicare, Medicaid and Social Security (since corporations help pay for these too, lowering their profits), privatization, lowering corporate taxes, lowering taxes for the wealthy, etc.

These anti-worker, pro-profit policies strongly unite corporations, giving them a powerful organizational tool: corporations (and the wealthy who own them) pool their resources to pursue these policies through buying politicians, think tanks, news media, university donations, etc.

This fact is recognized by all corporations and their political lackeys; at bottom these common interests are what distinguishes the 1% from the 99%.
 
We must put forth demands that distinguish us from the 1%, not only because we don't want our movement taken over by the 1%, but because we need a strong and united movement too. Key demands that strongly unite the entire working class will draw in the labor movement, retirees, the unemployed, the homeless, and the general community of the 99%.  

Such demands are obvious, since they effect the vast majority of working people: Good Jobs Now, No Cuts to Social Services, Save Social Security and Medicare, Health care for All, Save Public Education, End the Wars. Pay for these policies by TAXING THE RICH AND CORPORATIONS. 

Putting forward a few demands that all working people can unite behind will give the movement a united, strong message, while allowing other demands of working people to find a safe place to express themselves.  



Occupier at Freedom Plaza Washington DC photo by Rob Kall

 

Shamus Cooke is a social service worker, trade unionist, and writer for Workers Action (www.workerscompass.org)

The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.

Contact Author Contact Editor View Authors' Articles

 

Share this page: (what's this?)                   Tell a Friend: Tell A Friend

Add this Page to Facebook!      Submit to Stumble Upon      Submit to Reddit      Add This Page to Mr Wong!           NEWSVINE      DEl.ICIO.US      Looksmart Furl      My Web      Blink List     (More...)

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
1 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

super article by liberalsrock on Friday, Oct 14, 2011 at 10:20:14 AM