36. Capitalism Corrupted

25 Jan

The current Republican candidates represent an advanced stage of a transformation taking place in the USA; and many other countries. This transformation is an erosion of intelligent thinking and action; replaced by crude manipulations of the citizens designed to benefit the extremely wealthy “royalty class”. The Republican candidates try to manipulate voters by making them more fearful, by providing dangerous simple solutions to important problems, by lying about historical events, and by blaming scapegoats for our problems. They all do most of this, but admittedly, one of them is so crude and offensive that he stands out from the others. He shows what this harmful changing system can ultimately lead to.

How did this erosion take place?  It is, in fact, a kind of evolution. For the past hundred years or so, there have been dramatic changes in the Earth’s population of humans.  The factors that have developed and changed include: technology in general, the Internet, powerful weapons, increased communication among all of Earth’s citizens, consumer goods, etc.  In this recent period of human history, an evolutionary process took place. Clever persons learned how to make fortunes and became better and better at doing this. After a certain level of extreme wealth was achieved, wealth was further enhanced by, in effect, “bribing” government officials (like Congressmen) to make favorable laws. The process is similar to biological evolution where the fittest (often the most intelligent) survive and grow stronger. Favorable laws for rich people include: lower tax rates, unfair subsidies, and tax loopholes, which allow income to be hidden or taxed at a low rate.  Tax simplification is an agenda of the GOP, but it only helps rich people by allowing more tax loopholes.  Lower taxes for one group will always result in higher taxes for others, or fewer services.

What are the dangers of a powerful royalty class? Simply put, as more money is shifted upward, the number of desperate poor people increases. Desperate people commit more crimes and eventually resort to violent revolution. The “Arab Spring” illustrates what can happen when an extremely rich and clever group run a country. But even if a revolution never occurs, it is simply reasonable and fair, that more average citizens should enjoy prosperity, not just the wealthy. After all, wealthy people use all the rest of us for the enjoyment of their money. We provide the military, police, firemen, construction workers for their houses, repairmen, garbage men, maids, cooks, doctors, therapists, accountants, and so forth — all necessary for the enjoyment of wealth.

Personally, I do believe in capitalism, but a version that is appropriately limited to benefit all of the citizens. I have owned two small businesses. My concern is with extreme wealth, not with prosperity resulting from hard work and innovation. Capitalism in the USA can be reformed by careful voting (please see my next blog).

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