The market is a rationing mechanism that makes sure the rich at the top always get what they want, the poor at the bottom never get it, and everyone else lies somewhere in between, like teachers grading on a curve to make sure they give out the right number of As and Fs. Sometimes, the market pushes prices high, but sometimes, when theres enough competition, the market allows prices to drop drastically. And when the market brings the price down to where even the poor can get something, corporations can go to the government for an entitlement handout called a patent--a legal monopoly that allows them to restrict competition and thus avoid the market. Patents are a big way the corporate nanny state taxes all of us (and leaves the poor starving and unable to get medical treatment) to transfer our wealth to the already rich. It seems the only time supposedly free market investors and executives actually like the free market is when it makes them rich and us poor, but when it swings the other way and favors us, the dependent 1% goes crying to the government to save them from the market with patents and trade agreements. So capitalism, at least as it is practiced in our society, is a system where the house (and by house I mean the rich) always wins.
Posted on: Sat, 01 Feb 2014 14:37:39 +0000
Trending Topics
Recently Viewed Topics
© 2015