Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter 1 Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
OpEdNews Op Eds

Why So Many Americans Defend the Failed Capitalist Experiment

By       Message Paul Buchheit       (Page 1 of 2 pages)     Permalink    (# of views)   5 comments

Related Topic(s): , Add Tags
Add to My Group(s)

Must Read 2   Well Said 2   Supported 2  
View Ratings | Rate It

opednews.com Headlined to H3 9/21/15

Author 57588
Become a Fan
  (7 fans)
- Advertisement -

Reprinted from www.commondreams.org


selfishness
(Image by rob kall)
  Permission   Details   DMCA

Capitalism has worked for big business and for the people with stocks and estates. But for the past 35 years our economic system, stripped of sensible regulations, has poisoned the nation with deadly inequality and driven much of middle America to an ever-widening lower class.

- Advertisement -
Yet for much of the nation the delusion persists, against all common sense, that deregulated free-market capitalism works, that it equates to true Americanism, and that people have only themselves to blame for their failure to thrive in this expanding world of wealth. The reasons for this delusion are not hard to determine.

1. The Rich are Easy to Understand: Capitalism Justifies Selfishness

Studies have consistently shown that increased wealth causes people to turn inward, to believe more in their own "superior" traits, and to care less about the feelings and needs of others. This anti-social attitude blends well with the Ayn-Randish "greed is good" message of unregulated capitalism.

- Advertisement -
Other studies have determined that money pushes people further to the right, making them less egalitarian, less willing to provide broad educational opportunities to all members of society, and certainly part of the reason that our investment in public infrastructure as a component of GDP dropped by 60 percent from 1968 to 2011.

2. The Would-Be Rich: Dollar Signs Dance in Their Heads

Capitalism allows profit-seekers to view students as sources of revenue, and to drain money from the public school system. Jeb Bush likened schools to milk cartons in a supermarket aisle: "I wish our schools could be more like milk...You can get whole milk, low fat milk or skim milk...chocolate, strawberry or vanilla...milk alternatives, like soy milk, almond milk and rice milk...Who would have ever thought you could improve upon milk? Yet, freedom, innovation and competition found a way."

Bush's milk alternative is the charter school business. David Brain, head of the tellingly named Entertainment Properties, called it "a great opportunity set with 500 schools starting every year. It's a two and a half billion dollar opportunity set in rough measure annually."

But the money didn't start rolling in until the public school system began to be starved. The U.S. Department of Education reported that $197 billion is needed to repair the nation's K-12 public school buildings. The public system is going broke, deprived of tax dollars that go to charters. State budgets are providing less per-pupil funding for kindergarten through 12th grade than they did six years ago - in many cases far less.

And the results of the capitalist school experiment? Still coming in, although evidence is quickly accumulating that many charter school systems are mired in fraud and secrecy, and shaping up as a prime example of the folly of treating human beings like products to be bought and sold.

- Advertisement -
3. The Rest of Us: The Media Keeps Telling Us that Capitalism is the Only Way to Live

The mainstream media's unwillingness to state the truth about inequality has led people to vastly underestimate the wealth gap in our country, guessing that the poorest 40 percent own about 10% of the wealth, when in reality they own much less than 1% of the wealth. Out of every dollar, they own a third of a penny.

Conservative writers overwhelm us with their capitalist-loving mantras:

  • Income inequality is simply not a significant problem. (The Wall Street Journal)
  • Income inequality in a capitalist system is truly beautiful... (The Washington Post's George Will, quoting John Tamny)
  • Capitalism has worked very well (Bill Gates)
  • A free market system...ensures a fair, democratic process (Sarah Palin)
  • Let the market do its job (Chicago Tribune)

Many of them believe that the state of America is reflected in the stock market. But the richest 10% own over 90 percent of the stocks and mutual funds. No problem for the Koch Foundation. They comfort us with the knowledge that If you earn over $34,000 a year, you are one of the wealthiest one percent in the world.

Next Page  1  |  2

 

- Advertisement -

Must Read 2   Well Said 2   Supported 2  
View Ratings | Rate It

opednews.com

Paul Buchheit is a college teacher, an active member of US Uncut Chicago, founder and developer of social justice and educational websites (UsAgainstGreed.org, PayUpNow.org, RappingHistory.org), and the editor and main author of " American Wars: Illusions and Realities " (Clarity Press). 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

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

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Related Topic(s): , Add Tags

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The Extremist Cult of Capitalism

Why So Many Americans Defend the Failed Capitalist Experiment

How the Super-Rich Are Abandoning America

Labor Day Without Jobs: Exposing the "Job Creator" Fraud

Ten Numbers the Rich Would Like Fudged

A Vile Act of Inhumanity: Splitting Up Families like the Slave Traders Did