This is definitely not an argument against capitalism by itself, nor is it in defense of communism itself. However, this is unequivocally a vehement objection against capitalism unlimited—or unbridled capitalistic practices in business, commerce or industry, in marketing, trading or exchanges.
For while at the center of the world still objectively remain human beings with their respective human dignity and human rights, the economic system subscribers to capitalism unlimited and money becomes the prime rationale, the focal spirit and the soul of the whole system.
Human persons wherefore become merely the means and not really the beneficiaries of the market forces and the economic system in general. Translated in more simple language, this means that people are altogether at the service of capital and capital becomes their inescapable lord—forgetting that capital without people’s investments and/or deposits is pointless, inutile, and fruitless.
The most demonstrative evil ingrained in capitalism unlimited has been recently brought to fore with the so called economic “tsunami” that is now ravaging the US financial system. It is reported by tri-media that as some kind of a economic panacea, the US government is prepared to bail out the depressed American market to the tune of no less than 700 billion dollars.
Just to have a feel of how much money the US federal treasury is injecting into the failed American system of capitalism unlimited, it is said that 700 billion dollars bills stacked up straight is as high as the perpendicular measure of the earth. This is staggering!
The detestable underlying reality behind all these apparently even laudable pair of bankruptcy of private capitals and infusion of public funds, consists in the following veiled huge injustice: When capital is raking profits, these are altogether considered private and personal in nature and implications.
But when capital has lost even in its pants, so to speak, the loses become public and socialized precisely by the infusion of public funds—to “save” capital. In other words, the profits of capitalism unlimited all belong to the capitalist. The loses however of the same absolute capitalist incarnate are all charged to the citizens. How convenient! And how unjust!
The conclusion is rather obvious: Private capital cannot but be subject to ubiquitous government regulation—on unqualified condition that the government itself is not saddled by graft and corrupt practices itself.
Wherefore, when a private capital wastes, gambles with and loses private investments and/or deposits, it is but fair and just that the investors and/or depositors decidedly run after the capitalist, and the government puts this behind bars—locked and secured.
In the not too distant past, there were certain bank runs plus a well advertised education plan company that folded up. While their depositors and investors all suffered big loses, practically nothing substantial was heard about the capitalists responsible for the financial disaster. This is so unfair, so unjust!
October 3, 2008