Sunday, April 27, 2014

The term, "Capitalocracy" is an abstract neologism but, like abstract Democracy and abstract Capitalism, must be implemented in the Real World.

Neologisms are everywhere; so there is nothing new in using a new configuration to further define and clarify the necessary relation between "Democracy" and "Capitalism". In this new usage one can better 'see' how Capitalistic activity can be arranged in such fashion that the term can have 'practical' applications within a 'Democratic society'. Of course, that means a Capitalocracy. Though the term itself is unwieldy, the activity appears more focused; more defined; and more manageable. The political effect of such a term is that the 'end-game' for economic activity does not 'stop' at "making a profit", but continues with an 'impetus' towards Democratic values, and consequently, places a sort of 'barrier' on the 'inclination' to hoard 'profits'. Hoarding profits keeps a 'medium of circulation' from circulating. 'Profits' become invested in 'personal' acquisitions and 'properties', which in turn constitutes a 'hoarding' of sorts, all of which inures to the benefit of some Corporation, or, some individual at the top 1%. In a Capitalocracy, the profits from economic activity, are 'further circulated', among the People at the Bottom, by improving institutions, creating jobs, work, just wages, health care and benefits, proper compensation for veterans, homes, and taking care of the 'homeless', etc. Of course, some will say, that's the job of the government, but is it? Then, People would cry, "socialism". No, the purpose of such institutions is not to make the Bottom wealthy, but to insure a better life-style for each and every individual at the Bottom of a 'real democracy'. Of course its not that simple. Programs, practices, and new investment opportunities would have to be established within the economy. The Ideal, being laid out, there should still be enough remaining for the Top 1% to still remain at a 'wealthier level' than anyone at the Bottom, but possibly, not constitute a 1% at the top. Hoarding hurts democracy; it increases egotistical inclinations in some individuals to try to get 'more of the same' and, who knows, possibly to be at the top of the Forbes list. The individuals in a Capitalocracy who contribute towards a democratic social, should be recognized for the personal 'sacrifices' they make. There are many 'millionaires' who contribute to schools, the needy, the sick, and the unfortunate, and who go unrecognized. That's a shame. That's as 'bad' as having 'homeless' in a wealthy Nation; a Nation that functions as a democracy. In a real democracy, those who help Democracy should not go unrecognized, and its time that Capitalism understands its proper function in a Democracy, i.e. as a Capitalocracy. If we didn't have Democracy, there wouldn't be any Capitalism. If it wasn't for People, there would be no need for 'products'.

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Democracy For The Bottom by Gilbert Gonzalez is licensed under a Creative Commons Attribution 3.0 Unported License.