Cap'n Parrotdead

Cap'n Parrotdead
Location
QuiXlandia, Washington, Milky Way, Universe
Birthday
April 02
Title
Major Mojo
Company
Pastafarian Navy
Bio
Former human turned evil clown. ....................................................... ........................................................ Banner by the incomparable Ric Tresa ........................................................

MY RECENT POSTS

FEBRUARY 21, 2011 3:59PM

In Defense of Capitalism

Rate: 13 Flag

 

socially responsible capitalism

I hope you didn't come here thinking I was going to be a Foxish cheerleader for greed and wealth because you're going to be sorely disappointed if you did. That said, I very much do believe in Capitalism, just not necessarily as it is practiced today. The uber-money has succeeded magnificently in getting the working classes jealous of each other and fighting over the scraps they piss down on our impoverished heads while they continue to plunder the country.

I'm sure many of you already know the statistics but here is a quick recap; In 1970 an average CEO made 40 times what the lowest employee made. Now that number has risen to over 300 times. The income disparity in this country has increased dramatically over the last 30 years. Currently, the richest 400 people in this country make more money than the lowest 50%.

Capitalism is still the best economic system anyone has devised as yet but it needs to be tempered with social responsibility. That's where unions and the government come into play as a leveling force to keep fairness in the equation. It's no accident that, as the powers of each has diminished, so has the wealth and well-being of the poor and the middle class.

Unions are very much a part of capitalism as it should be practiced. The Foxites would have us believe that there is no room for social responsibility in the practice of capitalism and want to portray anyone who calls for social responsibility as a 'socialist' or a 'communist'. It's simply ludicrous to think that adding an 'ist' suddenly proves that correct principles like social responsibility and providing for the common good are really some sort of code phrases for evil personified, as Glenn Beck has suggested.

Bank of America took $45 billion in taxpayer bailouts while stashing money in 115 offshore accounts in order to evade US taxes. Yet, for some reason, a certain segment of our population still believes that budget shortfalls should come out of the pockets of the poor and middle class, when we could more than make up for the shortfalls if the B of A's of the world simply paid what they rightfully owe.

I think this facebook commenter personifies these misinformed: “the government is NOT a for profit entity. The purpose of the unions was to fight Big Business, not our own selves. I do not support collective bargaining over my few tax dollars. I do not support public workers on strike stranding helpless children and patients. I do not support garbage men going on strike endangering millions of lives with plague and pestilence. Without our public servants (myself included until recently) freedom in America would vanish.”

Many members of my family are school teachers or administrators. I have seen the long hours of grading and extra curricular activities that my sister, a 5th grade teacher, puts in. She literally goes from sunup until late at night, has been a teacher for close to 20 years and makes less than $50,000 per year. To imply that she is taking advantage of this poor taxpayer's 'few tax dollars' is beyond ludicrous.

What's more, the public employees affected in Wisconsin are not asking for more money. They are willing to work, through their union, to help the state through it's budgetary crisis. Consider this quote from a Washington Post article.

"Budget cuts are negotiable, but collective -bargaining rights are not."

"We can meet in the middle. We're willing to give. . . . He's acting like we've never given anything. We've given," said Mikkelson, a airfield maintenance worker who said he has endured furloughs and pay cuts in his county job. "We just want a voice."

We just want a voice! Even the most ardent Foxite should recognize that there is no principle more American than having a voice.

Of course, most of us see clearly through the disingenuousness of the Faux tax-cutting deficit reductionists who are behind this latest attack on the poor and working class.

We're blowing a major fortune on immoral foreign wars while our education systems and infrastructure crumble all around us. That is money that could easily be redirected to priorities that American people actually need and want: infrastructure, education, environmental protections, green energy development, economic stimulus and yes, deficit reduction.

So yes, I believe in Capitalism AND I believe in social responsibility. Those are not mutually exclusive concepts but rather mutually necessary concepts. I do not begrudge tax evading corporations and the uber-rich their wealth. I just expect them to pay their fair share instead of shifting the burden to those of us who can least afford it and/or who have historically always carried the load.

I believe in Socially-responsible Capitalism.

 

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Comments

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So you are a European style Social Democrat?
I think I stated pretty clearly what I believe in regards to economics, RW.
This is the time everyone is talking taxes Major. All I hear is everyone telling me about how large or small their coming refund will be. Or how much they have to cough up to pay what they owe.
The thing that gets to me is how no one wants to pay ANY taxes but expects all the services the govt has to offer.
Meanwhile our current income disparity is greater than Tunisia or Egypt. So is the amount of wealth held from the top to the bottom.

It makes me sick to listen to Fux news drone on and on about how highly paid govt employees are. My reply is this. Why don't we hire some slaves from China to teach our kids and do all the rest?? would be cheaper and we could mandate them a view of the supposed good life here in the ole US of A. Hell yes teachers work hard and also work many long hours at home and in their offices.
But I try not to argue with stop signs with bodies.
It's all misdirection, Mission. As stated in the post, I think the plan is to keep the working classes jealous of each other and fighting over the scraps they piss down on our impoverished heads while they continue to plunder the country. They way, they figure we won't notice.

I'm thinking about joining the UnCut action against B of A this weekend. I'll report on it if I do.

Bottom line is, if we made the tax evaders pay their fair share and stopped squandering a significant amount of our national wealth on immoral wars, we'd be able to do what we ought to do.
sorry, rw, didn't mean to sound snarky, just don't like being pigeonholed into labels.
I have joined change.org Major and I think I am unCut already.
I have signed some online petitions on B of A.
There are no good words in my mouth on banksters. None.
No prob, dude. But social dems say what you say, so I was trying to see if there is a connection. You should look at them. Maybe you have something in common.
All true. Unfortunately, our representatives perceive that they get elected and re-elected by money, not voters.
It does me lonely heart good to see another person come out for "capitalism - but not as it is practiced today".

My heart bleeds, however, in that you still see this form of capitalism as viable with some changes. I think that we need to decide, as a society, what we want our system to do on our behalf, then design a capitalist system to do the job properly and effectively. I have reason to think that this can be done and that this needs to be done.

I suspect that you are aware that we cannot divorce our economic system from our political system and our social system. They are the three legs upon which our whole society stands. When they are designed to provide proper balance, all in that society will prosper. When any one or more of them is out of kilter we see situations such as we have today - and have had before, if not so drastic as now.

The situation we have now should never, ever be allowed to happen again. Do not blame so much the rascals who have "played" the system; blame a system that allowed itself to be played with.

.
Nowt wrong with being a "BOrn Again Capitalist" - Some time Gawd will re-write Her popular book to say what She meant

"The Love of Money is not the Root (route ?) of all Evil - Only the Lack of it is .........."

Press send please FRed it won't get any cleaner no matter how long you wash it".
This is for all the people who died and were injured fighting corporate thugs to get unions in this country, the unions that made the middle class. Where a man and a woman felt they worked an honest days labor for an honest days pay. Now, they won't to take away collective bargaining and go back to nepotism and cronism. It's outrageous and I hope this spreads across this country like wildfire. It's time to face corporations down and if it takes garbage piling up then I guess the rich will just have to roll their car windows up a little tighter as they ride in from the Country Clubs!
Great post! Unfortunately, most of the rabid free marketeers have no idea what conditions are necessary for a competitive market to exist, let alone function efficiently. Therefore, their unquestioning faith in the infallible free market is worshipping a god that doesn't exist. The libertarian economic models rest on assumptions that are helpful in the abstract but bear no resemblance to reality.
When Halliburton pays their first penny in tax, I'll die of shock. If it's as easy as getting a post office box in the Bahama's to send the billions to, tax free, then why wouldn't they? I guess. Wait. Maybe because it would make you a non criminal, real life participant, in the country.. instead of a parasite? Halliburton is not alone... either... yea
Our form of capitalism has become so twisted and corrupted that it doesn't resemble the real thing anymore.

I wonder if the 17 year olds even know what capitalism is?
Thanks all. My internet connection was down all day so I couldn't respond dynamically. I appreciate all of you and your support.
I'm with you. Take he belief out of your statement because there is no use for it. We KNOW that the things you have stated are fact.
It is interesting that being called a socialist has become an ad hominem in the past several years. How can words and labels be so malleable and damning at the same time?
True, Bill. I actually did think about taking belief out of it. It's not a belief system, it's acknowledging what works.

I think right wing pundits have a lot to do with that, PP. They've convinced their sheep that we're speaking in code.
You and I are mostly on the same page but I'm tending these days toward endorsing violent revolution. Our political system is so profoundly rotten and compromised that I'm doubting anything less will change it; once we've crossed that bridge we can decide what our economic system needs to look like.
I'm with Nanatehay
Well said. I really can't add anything, because it seems to me you've covered it. I don't mind capitalism, in theory I'm for it - but what we've devolved into is a parisitic economy that only works for a few small minority. What's stunning too, is that the all the issues that really impact working people - housing, debt, jobs etc - no one of any prominence is talking about - they're all talking about this "deficit" after they just extended those tax cuts for the wealthy. I feel like I'm in the Twilight Zone or something...it doesn't even make any sense. Anyway, well done. R