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Tuesday, August 26, 2014

Capitalism : The Most Dreaded Economic System in History

Let me tell you a few things before I get to the main content of this post.I am not into defending my own ideals by making rubbish acclaims towards others,something that we always have to face from the other inhuman,mean group of exploiters,who forget the basic human traits while speaking to someone who does not have faith in their ideals (if they have any,after all.)"Communists are perverts." "Communists are stupid.Communists are this and Communists are that." "Socialists are criminals." "Liberals are serious threats to the culture." These are the ones with least magnitude.If I have to quote everything that I have seen in my fifteen year old life,I will unfortunately have to quote words with as much dirtiness to bring any 'human being's' dignity down.I don't want that.But I don't want to sit like a conservative and tie a piece of cloth on my mouth so that I am not tempted to speak.We all will continue with the fight,but there are ways to intellectually defend an 'ideology' that is so feeble that you will not need education to understand that it is baseless.But you will definitely require education to get rid of Capitalism.Economics is like a Maths riddle,something that was based on proper logic.So,it does have solution and there are no doubts on this.
For a moment or two,I would request you to forget the ideology term,the propaganda of this blog,my own ideology and words such as 'Left-wing','Communism' or 'Socialism'.It would be better to think here,in front of the screen of your device is an article on economics and you are a human being.Just an ordinary human being.There are perhaps deeper attributes we could plunge into - something like why the Protestants are in favour of Capitalism and a certain,major section of Catholics are not.What were the ways of segregation of the Irish nationalists,but that would just lead to difficulty in understanding the basic logic and might seem like I am for the Catholic Church but I am not writing on that topic here and I am not a Catholic,not even a Catholic Marxist.I am just plain supporter of Marxism.For now,we will look at the basic logic and look into this matter of Catholics and Protestants more prominently in an upcoming post in the blog.

Is This What You Want?



  • The British economist John Maynard Keynes argued that capitalism suffered a basic problem in its ability to recover from periods of slowdowns in investment. Keynes argued that a capitalist economy could remain in an indefinite equilibrium despite high unemployment.
  • Under Marxist ideology, capitalism refers to a stage of history in which there is a class system in which the proletariat is exploited by the bourgeoisie.
  • Emma Goldman famously denounced wage slavery by saying: "The only difference is that you are hired slaves instead of block slaves."
  • Private ownership imposes constraints on planning, leading to inaccessible economic decisions that result in immoral production, unemployment and a tremendous waste of material resources during crisis of overproduction.Private property in the means of production becomes obsolete when it concentrates into centralized, socialized institutions based on private appropriation of revenue (but based on cooperative work and internal planning in allocation of inputs) until the role of the capitalist becomes redundant.With no need for capital accumulation and a class of owners, private property in the means of production is perceived as being an outdated form of economic organization that should be replaced by a free association of individuals based on public or common ownership of these socialized assets. Private property relations as limit the potential of productive forces in the economy.
  • For the influential German individualist anarchist philosopher Max Stirner "private property is a spook which "lives by the grace of law" and it "becomes 'mine' only by effect of the law". In other words, private property exists purely "through the protection of the State, through the State's grace." Recognising its need for state protection, Stirner is also aware that "it need not make any difference to the 'good citizens' who protects them and their principles, whether an absolute King or a constitutional one, a republic, if only they are protected. And what is their principle, whose protector they always 'love'? Not that of labour", rather it is "interest-bearing possession . . . labouring capital, therefore . . . labour certainly, yet little or none at all of one's own, but labour of capital and of the -- subject labourers".
  • Noam Chomsky contends that there is little moral difference between chattel slavery and renting one's self to an owner or "wage slavery". He feels that it is an attack on personal integrity that undermines individual freedom. He holds that workers should own and control their workplace.
Nothing can be good absolutely because that is similar to defying laws of nature.Whatever has a major positive impact has to have little drawbacks.Whatever seems to be the most positive instance might be the biggest drawback.When almost every other ideology except Conservatism and Capitalism tends to defy Capitalism,it is naturally acceptable that there is a drawback right in there.If you do not want a theoretical explanation of why Capitalism cannot be accepted,then here is it - you cannot keep exploiting and increasing it everyday to those who sustain this entire system.Wage slavery indeed is not the way,it cannot be.If,other than using rubbish acclaims,anyone has a way of intellectually defending any of the factors so enlisted here,you are free to contradict.

Disclaimer - The data (divided in the six points enlisted above) and images been collected from Wikipedia.



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