There are all sorts of pundits spouting what is wrong with the system of capitalism at the moment. Even those who support the system are still critical of the way it is functioning at present. To them the system can be fixed, it is just a bit more regulation and nice ethical CEOs at the top of the corporations, and all will be well. Poverty will disappear and we will all live in abundance. I find this belief in an ethical corporate beast as rather laughable. Corporations buy politicians, politicians move into lucrative positions in the corporate world. A quote from one of these reformers tells us something about the system: Read the full article HERE.
Our Congress today is a forum for legalized bribery. One consumer group using information from Opensecrets.org calculates that the financial services industry, including real estate, spent $2.3 billion on federal campaign contributions from 1990 to 2010, which was more than the health care, energy, defense, agriculture and transportation industries combined. Why are there 61 members on the House Committee on Financial Services? So many congressmen want to be in a position to sell votes to Wall Street.
Adbusters corporate flag.
Don't for a minute think that what goes on in the American political/financial circles doesn't go on here and in every country in the developed world. Another quote from the same article perhaps should be taken seriously over here as well as in America: 4) Finally, an idea from the blogosphere: U.S. congressmen should have to dress like Nascar drivers and wear the logos of all the banks, investment banks, insurance companies and real estate firms that they’re taking money from. The public needs to know. Of course, we will never really know, it is a duplicitous system.
I used to be a politician, but I'm in finance now.
The basic principles of the system has no room for ethics, the rules are simple, maximise your profit margin, increase your market share and reduce your costs. How do you equate this with improving the conditions of the workforce, removing exploitation, improving the health and safety of all workers and workplaces and of course distributing the proceeds of the labour fairly? Capitalism is an inherently unfair system, those with the wealth are always in a position to exploit those without the wealth, there is nothing fair, just or ethical about that. The system can't be overhauled to eradicate these contradictions, it has to be dismantled and an alternative system created in its place. I'm sure we have the imagination and the resources to create a system that sees to the needs of all our people, based on mutual aid and co-operation, a system of fairness and justice founded on sustainability. The only problem is when, time is running out.