Sunday, July 26, 2015

Capitalism needs to 'mature'.

Capitalism needs to become more responsible. It needs to mature. Some will say, "but, it works, so why change anything?" Well the truth is that Capitalism is an economic institution and not a political Institution; its an economic function, and the goal of all economies is to produce 'more and more of the same'. Profits drives capitalism. Lots of activity of 'more and more', 'concentration', and then that 'human failure' called " its mine". The 1%. One of the problems with Capitalism is that it is founded on a Fiction(the Corporation), to begin with, and then, it never 'considers' the Other, even though the Other is a real human being and was instrumental in creating the corporate fiction. The welfare of the Other is more important than the welfare of the Corporate fiction. Yet, Corporate fictions received so-called 'Welfare' just as real human beings do. The truth is that Government does have a duty to its economy, but its primary duty is to Democracy. Real human beings have lots of duties; why can't, corporations be required to have more 'democratic'duties? After all, the corporate entity is considered a 'person', and is protected by the Constitution as are all other 'real persons'. One example of the 'imbalances' the corporation creates is the fact that, originally, corporations used to pay a 70% tax instead of the same tax a real individual pays. Corporations are not real 'Persons'. The corporate nature 'increases' the 'economic grasp' of the entity, hence rendering 'competition' with 'real persons' more problematic. The human individual cannot compete with a 'corporate fiction'. Hence, economic activity 'frees' or 'distances' itself from the 'democratic control' of the real Individual. The economy becomes 'self-functioning' alongside the governmental, democratic, 'control' of the real Individual, but under a 'different value system'. The motor of the economic value system, viz., profits, can only lead to 'more and more of the same' and hence, creates a form of Plutocracy instead of a form of Democracy. Plutocracy seems to be the closest thing we have to "Kingship". Plutocrats, Kings, and Autocrats need to realize that if it were not for the People in a 'condition of togetherness', there would be 'no need' for them to exist.

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