Explaining the flaws in capitalism to a believer that accepts that it's the only game in town, can be difficult. They arrive at their decision from the propaganda machine, mainstream media, government policies, the menagerie of parliament, corporate advertising and I suppose we can add Hollywood. That's why I like reading Caitlin Johnstone she seems to have this ability to spite out the truth and make it readable and obvious. I love her quote, "Why does China keep aggressively surrounding itself with US military bases"
The following is a short extract from a longer article by Caitlin
The claim that capitalism is the best system for generating profits is basically correct; it’s hard to beat greed and starvation as a carrot and stick to get the gears of industry whirring. The issue here is that merely generating profits won’t solve most of the world’s problems, and in fact many of our problems come from the fact that capitalism is too effective at turning the gears of industry. Our biosphere is dying largely because capitalism values making lots of things but not un-making things; we’re choking our ecosystem to death because it’s profitable.
Capitalism has no real answers for problems like ecocide, inequality, exploitation and caring for the needful. Yes “let the markets decide” will generate lots of profits for those set up to harvest them, but profit-seeking cannot address those very serious problems. The “invisible hand of the market” gets treated as an actual deity that actually exists, with all the wisdom necessary to solve the world’s problems, but in reality the pursuit of money lacks any wisdom. It can’t solve our major problems, it can only make more stuff and generate more profit.
Find me a capitalist business plan for leaving a forest untouched. Find me a capitalist business plan for keeping someone free of illness, for ensuring that someone with nothing gets what they need, for giving resources to a struggling parent. You can’t. Capitalism can’t do this. These are the most important things in the world, and no possible iteration of capitalism has any solutions for any of them whatsoever, apart from “Well hopefully rich people will feel very charitable and fix those problems.” And how is that solution working out? It’s a joke.
The “Maybe the very rich will feel charitable and fix our problems for us” solution assumes that the very same people who are wired to do whatever it takes to claw their way to the top of the ladder will suddenly start caring deeply about everyone they stepped on to get there. Capitalism elevates sociopaths, because profit-seeking competition-based systems reward those who are willing to do whatever it takes to get ahead. That’s why we are ruled by sociopaths, and it’s why looking to “philanthropy” as a solution to our problems is a ridiculous joke.
When capitalism proponents tell socialists and communists “You don’t understand economics,” what they really mean is “You don’t understand that capitalism is the best system for generating profits.” But socialists and communists do understand this; it’s just that generating profits, in and of itself, is not sufficient.
If lack of wealth is your major problem, then capitalism can be a tool to address it; that’s what China is temporarily doing to keep up economically with the western forces who wish to enslave it. But such measures won’t solve ecocide, inequality, exploitation, and caring for the needful. For that other measures are needed.
If you want to make more of something (money, material goods), then capitalism can be a good way to do that. But if you need to make less of something (pollution, inequality, exploitation, sickness, homelessness, etc) it’s worthless, and other systems must be looked to.
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