Wednesday, May 14, 2014
All Nations need an 'economy'; in the U.S.A., the economy is Capitalistic; so, what's the problem?
Capitalism 'works' in a Democratic economy. Capitalism flourished in early America, and is still flourishing, because it 'functions' in a Democracy. In any other form of government, it may not have flourished. In a Plutocracy, the rich at the Top of government would have remained rich, but the economy, in general, would have suffered. In an Oligarchy, the Top would have remained rich or powerful, but the economy, in general, would have suffered. In an Autocracy, the Top would be rich and powerful, but the People would be 'hurting'. Why? Simply because all these latter forms of government emphasize the Top and exclude the Bottom. The people are at the Bottom. In a Democratic form of government, the government is "of People", "by People", and "for people". In other words, in a democracy, both the Top and the Bottom 'matter'. I'm tempted to say, its one Great, Big, Happy Family, but, its not! Unfortunately, the 'Capitalistic' economy is too busy trying to change the nature of government into a Plutocracy, or an Oligarchy, but, in no case, an Autocracy. Why not an Autocracy?; the answer is, the People would never stand for that, because only the Top and no one else, would have political power, and who would want to give that a try? Never, in a Nation where the People have 'tasted' Freedom and Equality, at the Bottom of government. However, the transition into a Plutocracy or an Oligarchy, would be easier. Why? Simply, because the rich and the powerful would 'substitute' a medium of exchange, i.e. Money, 'hoarding money', and 'power' in the 'few', in lieu of Freedom and Equality of all the individuals at the Bottom. How ironic. Capitalism grew because it had Freedom and Equality, and now it wants to hoard the 'benefits'( the 1%) at the expense of the system and the democratic principles that allowed it to flourish. In such a case, the Plutocrats or the Oligarchs, would 'solidify' their gains into a 'different form of government'. So, that's the problem. The political principles that brought us to this stage of 'governing' must be protected, or Capitalism must change and become more democratic, and that could be described as a Capitalocracy. Not a very good term; if you can coin a better term, please let me know. Nevertheless, the term is descriptive of the process of Capitalism within a democracy with Institutions and People who function 'together' in Democracy, and who also benefit from the Capitalistic 'impulse'; not just the 1%, and not just the rich. That could eliminate 'excessive' hoarding.
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