Capitalism for the Poor and Socialism for the Rich!!
Photo: bing.com
“Thomas Piketty’s new book “Capital in the Twenty-First Century” disputes the view that new-liberal capitalism in a true laissez-faire economic environment will increase income equality. As Milton Friedman put it - a free market system “distributes the fruits of economic progress among all people.” Friedman used as evidence the “the enormous improvements in the conditions of the working person over the past two centuries.” He also argues that - capitalism and democracy are incongruent. Capitalism's "powerful forces" threaten democratic societies. People with capital will always win over people with just their labor.”-Capitalism vs. Democracy - Severe Social Disruption
“In the 21st century all politicians, almost without exception, proclaim their commitment to democracy. This goes not only for the likes of Obama, Sarkozy, Merkel and Cameron, but also for Nick Griffin of the fascist BNP. Even the most obviously anti-democratic political forces and organisations say they believe in democracy. So the Swedish fascists call themselves the Swedish Democrats while Mubarak's party in Egypt was the National Democratic Party.
This testifies to the ideological power of the concept of democracy in the modern world. Along with "freedom" it was deployed, with a vast array of academic and media support, as the central justification for "the West" in the Cold War: the key division in the world, it was claimed, was between the free West based on pluralist democracy and the totalitarianism of the Communist East. Indeed many intellectual apologists for the system - the likes of Milton Friedman and Friedrich Hayek - argued there was an intrinsic and necessary link between capitalism and democracy.
At a deeper level, the ubiquitous declarations of democracy also testify to the potential power of the people in the modern world - power that has grown enormously with the global growth of the urban working class - and to our rulers' fear of that power. To rule the people you have to rule "in the name of the people"…Capitalism versus democracy
Now please watch this two minutes video:
Our obsession with the economy is destroying democracy – video
Are you, like me, concerened and worry that our world has become so much obssesed with economic-led values? If so, perhaps you may wish to visit the following page: