Monday, May 26, 2014
"Capitalocracy", after all, may not be such a bad neologism.
Capitalocracy may not be such a 'bad' neologism. Capitalism is important, but it does not exist as an isolated instance within the polity. Obviously, money, the 'motor' of capitalistic activity, determines the success or failure of the economic system. The 'motor' of Capitalism should not be 'changed', nor 'controlled', because then, no one would 'compete' to acquire more and 'more' of the same. Even though, 'competition' between individuals, has been completely eliminated by the corporate structure, it is universally accepted that 'accumulation of huge profits' is a direct result of the 'corporate structure', hence, the term, "the corporate society". So, instead of changing or controlling the so-called, 'spirit' of Capitalism, why not include some of the 'important elements' of a Democratic society within the economic institutions, corporate ownership, notwithstanding. Include 'democratic elements' within the economic institution, and then enforce that activity by means of Law. This would not be an unfair move for the simple reason that government creates "corporate fictions", in the first place, and, subsequently, protects them by legal decisions. And, as everybody now knows, the Supreme Court is now allowing 'them' and the 'rich' to 'take control' of politics. A Government of Three Branches, ( that should be 'balancing' power) but, instead, has one of its Branches, 'providing' for 'economic values' to infiltrate the government structure, does not make sense. Its 'economic obscenity' at its worse, and its a sad commentary on the 'interpretive practices' of the Supreme Court. Everyone also knows that Capitalistic activity would 'not have thrived' if it were not for democracy. Try installing, so-called "free enterprise, or, the so-called 'market economy',( another fiction, heaven help us), in an Autocratic form of government. Truly, we need a healthy economy, but the only thing that will hold it together are democratic values, not economic values. Its pay-back time; its time that the economy acknowledges that, if it were not for democracy, they would not be at the 1% line; and its time for Government, to get better 'control', of its 'economic behemoths'. Government should not be 'mute', in the face of its own 'unraveling'.
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