Real capitalism, not the theoretical version taught in school, is a system of minority rule in which a few people profit at the expense of others. Real capitalists are always trying to cut their costs and increase their profits, which leads to unemployment, falling wages, rising economic disparity and not paying for the environmental damage they cause. Private ownership of what are social means of livelihood produces incentives for capitalists to pass along the real costs of industry to communities, workers, future generations and other species.
Posted on: Sat, 01 Feb 2014 17:05:59 +0000
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