George W. Bush says capitalism is still essentially good. Alan Greenspan says the Free Market Ideology (or capitalism) is flawed. I say, capitalism is fundamentally wrong because it is based on a lie.
The lie is this: under this system everyone is supposed to be free to invest in the market. A, a small Filipino entrepreneur, sells a pair of shoes in his shoe store at 99 pesos; B, Chinese taipan who owns a mall, sells the same pair of shoes at 95 pesos, since he can afford to offset his gain from many other items inside his huge store.
Where do you think the consumers will buy? Obviously the poor Pinoy gets poorer and the rich taipan gets richer. The market is not free after all. The freedom is only an illusion.
Capitalism is not democratic; it is anarchic. It is mob rule; the rule of the rich mob.
The ruling elite is quick to bail out companies owned by the rich, but not the poor. They will not even bail out our environment which is a global disaster staring at our faces. The USA, the world’s most powerful nation, was among the last ones to sign the Kyoto Protocol which requires signatory countries to reduce pollution.
No comments:
Post a Comment