i believe that capitalism has its merits, but i cannot agree that it is the perfect system. in truth, there are no countries that adhere completely to capitalism; most are hybrid capitalist with regulatory laws and socialist programs. this is similar to the fact that most countries that are called democracies are actually democratic republics. there is a very good and simple reason for these hybrid systems.
it is for preventing tyranny of the ma****, otherwise known as social Darwinism. in essence, i am talking about the fact that without representation and protection of the minority, the majority run roughshod over all who do not agree with them. in addition, without regulation and laws, people can take part in highly unethical and destructive practices with absolutely no repercussions.
in an ideal world, a totally free market would work. however, we are continually shown that a free and unregulated market is not a FAIR market. an obvious point is that monopolies prevent the competition that drives better and cheaper products. a significant number of the most prosperous multinational corporations have historiacally used and continue to engage in unethical and unlawful practices.
now lets look at some examples. the current problems in the USA banking and trade system was caused by deregulation of the markets. the practice of trading in unsafe derivatives and betting on certain markets to fail, as well as the re-re-re-re-repakaging of poor stocks are the direct causes of the market crash. in a darkly humorous way, socialism has bailed capitalism out, giving money from the poor to the rich. for more information, look up Hayek versus Keynes economic strategies.
Monsanto continues to abuse many nations of the world, especially in Africa. Monsanto pushes their Round-up POISION and poor GMO seeds on countries; especially harming developing nations. Round-up has been proven to not disperse or break down chemically as they claimed it did, and is far more poisonous than they claim as well. the GMO seeds have been proven to actually yield LESS and LESS each year.
how is this fact: Africa is by far the continent richest in natural resources, yet the people own less that 1% of those. DeBeers stole the land when imperialist conquests were taking place. they now use their tremendous wealth and power to ensure that they continue to steal from the most vulnerable. they use such dirty tactics by ensuring that all new diamond mines found by people of African nations are branded as conflict mines; if DeBeers can't have it, no one can. they make billions per day, yet pay the people pennies per day to harvest resources that rightly belong to the people of African nations.
please don't even get me started on the child labor sweatshops that Nike, Umbro and many clothing manufacturers continue to use; just travel to India and see children as young as 8 sewing those footballs(soccer balls).
the USA medical system is currently a mostly capitalist system. in truth, there are exceptional doctors and hospitals around the country. yet, the USA is ranked 37th in the world. the USA is number 1 in terms of health care spending per capita but ranked 39th for infant mortality and 36th for life expectancy. access to healthcare is dismal. the constant profit-based battle between medical care providers and insurance companies ensures that people often receive the bare minimum amount of care. products and services essential to LIFE should not be a game of numbers and profit.
being born with money and opportunities does not entitle a person to live only for themselves. i believe that it means that one has greater responsibilities to their fellow human beings. conversely, being born into a situation where there is little money or opportunities is no fault of that person. consider being born in a war-torn area, where daily SURVIVAL is an issue. such people do not have the luxury of time to think or dream. i feel very fortunate in that while i am not from a moneyed background, i have never gone without. i have had safety, shelter and food; this is far more than what the majority of the world has. as such, i believe that it is my duty to do what i can to try to improve this world. charity has NOTHING to do with capitalism. to paraphrase one of my best friends, our responsibility is to give to the less fortunate without strings attached; what they do with that is between them and God.
remember, seek the TRUTH!
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