Sunday, November 09, 2008

Capitalism Depends on Greed

Free market capitalism is based on greed. That's the engine that makes it work. The entire basis of capitalism is that everyone acts in his or on her own self-interest, to try to get as much as he or she possibly can. It is what's supposed to keep the players constructive competing against each other. Wrong and it has, in fact, proved to be destructive than most shallow-minded economists acknowledged.

Free market capitalism has many failings. The most obvious is the tendency of wealth to concentrate more and more into fewer and fewer greedy hands over time. Another is that gullibility and lack of education that allow the millions of people to be victimized by others. Also, there's the unspoken collusion that allows, for example, corporations to jack up prices, ensuring higher profits for itself. Greed is not the failure of capitalism. It is the success of it.

Now if we truly believe that all men are all created equal, and that there must be justice for all, there ought to be a law that says no individual should be worth more than ten million dollars in cash and assets; and no corporation can be worth more than one billion dollars in cash and in assets. Except for the Research institutes that are in the business to find cures for human and animal diseases. They can be worth one hundred billion dollars. Thus, the hundreds of trillions of dollars combined owned by the few individuals, corporations, and churches ought to be dismantled and distributed to billions of people according to the new law that I am proposing.

The historical business that we can continue to hate and kill each other in order to feed the few greedy and to hell with the millions of the needy has been rendered obsolete if we were to live in peace and harmony on this earth in the centuries to come.

It is time to explore not only the deeper nature of the world, but also, especially, to discover higher the world of nature. Poch Suzara

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