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Blog of Mass Destruction

Destructive Capitalism

By The Reverend Published: July 30, 2013

I would think it would be difficult to sing the praises of an alleged American Dream, let alone preach on about something called American Exceptionalism, with economic evidence such as this.....

Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Many in today's conservative circles interpret those numbers as an indication of a morality problem which has been bred into poorer Americans over decades by the "socialist" "Democrat" Party. As a recent Republican presidential candidate....Willard somebody...described....about half the nation simply refuses to take personal responsibility for their own lives.

In rugged, boot-strapper thought.....if you are poor or struggling, an experience that 4 out of every 5 Americans have gone through at some point in their lives.....then it's because you made the wrong choices in your life, haven't worked hard enough, or would simply prefer that the government take care of you and yours rather than exercising any, you know, personal responsibility for your own life.

And the 1 out of 5 in America who never have had to rely on government help, never been unemployed and never been poor? Patriots and job creators.

American conservatives used to reserve this class-warfare talk for only darker skinned citizens like when Ronaldus criticized all those Cadillac driving welfare queens who were gutting America..... but as the U.S. oligarchy becomes ever more deeply entrenched, more and more lighter skinned Americans, apparently because they also refuse now to take personal responsibility for their lives, are struggling economically....

Economic insecurity among whites also is more pervasive than is shown in the government's poverty data, engulfing more than 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by the Oxford University Press.

Other than just craven slothfulness, (the conservative explanation), what accounts for 80% of the citizens in the richest nation in world history needing government assistance at some point in their lives?

For sake of discussion....I'm limiting my answer to....."destructive capitalism."

Up until the last few years, it was not part of polite, Serious discussions to bring up the destructive nature of capitalism. But the broad destructiveness of the bankster-created, Bush depression has led even some supply-side addicted greed mongers to mention the truth about capitalism's destructive nature.

Capitalism, left to itself.....will, as Karl Marx predicted....result in all the wealth of a nation winding up in the hands of a tiny percentage of the population. Forty years of supply-side supernaturalism and ever-shrinking checks on the rich and powerful capitalists in America......have proven Marx out to be correct. Income and wealth inequality in the United States has never been worse. Never before have the top .1% owned as much of America's bounty as they do today. At the same time, statistics inform us that working class Americans haven't had a raise in 40 years and have lost 35% of the worth of what they did own since 2007.

If it is true that less and less government intrusion and/or interference in business, plus ever lower taxes on the wealthy, leads to prosperity for all......why hasn't it worked for all Americans over the last forty years? As tax rates on the very wealthy have been halved over the last forty years, why have average American workers not benefited?

These are serious questions. Because if a continually deregulated form of capitalism, an ongoing effort to comfort the already-comfortable, doesn't benefit all the citizens of a nation....as America's modern economy has proven out since 1980....then shouldn't we consider changing something?

Or do Americans simply have to subject themselves forever to the whims of destructive capitalism?

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