Capitalism has worked well in the West because although it is a profoundly unjust system, and based on historical injustice, it succeeded in producing a measure of prosperity for much of the population. Moreover, the system can give the illusion that anyone smart, lucky or very good can become rich. Of course that's silly. Especially in most of Europe where the majority of the wealth is passed down from father to son since the Roman Empire.
Social mobility, people who "made themselves" are usually a minority. The majority of those who have came from a poor family and become rich under capitalism are usually war profiteers, drug traffickers or entrepreneurs who have made extensive use of unlawful means. And then there are athletes, actors and obviously successfull prostitutes.
The others remain largely where they were. But despite that capitalism was able to produce some general wealth in the West. How did it do that? thanks to colonialism and neocolonialism. The systematic plunder of natural resources of Africa, Asia and South America has allowed the West to become richer. The system works like this: they have an agreement with a small local elite to get raw materials at a trifling cost. The local elite is enriched, the rest of the local population suffers the theft of their natural wealth and is impoverished.
Our wealth is based on blood, robbery and hunger around the world, but doing so in the West living conditions of workers have improved and so has been avoided a revolution to redistribute the wealth concentrated in the hands a few from time immemorial. A revolution that would otherwise have been inevitable. But over the years the system has also produced a growing concentration of wealth: large companies and large industries have swallowed up small ones all the time, to increase profits. Moreover, the welfare of the poorer classes in the West increased too, so that in the end there were no more workers willing to work for a pittance. Here comes immigration, a boon for capitalism because it allows for an abundance of cheap labor force in the West. The problem of this system lies in its nature: the categorical imperative of increasing profits. Exploiting work more and more. Create financial instruments to bet on future profits that do not yet exist. Produce more and more, build homes that aren't needed, sell products that nobody needs. But the objective of saving on labor costs and yet still sell more and more in the end creates a short circuit in the system: impoverished workers are not good consumers. And so the system goes into crisis.
The others remain largely where they were. But despite that capitalism was able to produce some general wealth in the West. How did it do that? thanks to colonialism and neocolonialism. The systematic plunder of natural resources of Africa, Asia and South America has allowed the West to become richer. The system works like this: they have an agreement with a small local elite to get raw materials at a trifling cost. The local elite is enriched, the rest of the local population suffers the theft of their natural wealth and is impoverished.
Our wealth is based on blood, robbery and hunger around the world, but doing so in the West living conditions of workers have improved and so has been avoided a revolution to redistribute the wealth concentrated in the hands a few from time immemorial. A revolution that would otherwise have been inevitable. But over the years the system has also produced a growing concentration of wealth: large companies and large industries have swallowed up small ones all the time, to increase profits. Moreover, the welfare of the poorer classes in the West increased too, so that in the end there were no more workers willing to work for a pittance. Here comes immigration, a boon for capitalism because it allows for an abundance of cheap labor force in the West. The problem of this system lies in its nature: the categorical imperative of increasing profits. Exploiting work more and more. Create financial instruments to bet on future profits that do not yet exist. Produce more and more, build homes that aren't needed, sell products that nobody needs. But the objective of saving on labor costs and yet still sell more and more in the end creates a short circuit in the system: impoverished workers are not good consumers. And so the system goes into crisis.
Yet now they say that the crisis is over, but employment doesn't rise. How is it possible that the crisis is over if a lot of people don't work and therefore cannot buy? Simple, governments buy. The expenses of governments to support the economy allow industries and businesses to restart. We must reflect a moment on what this means for ordinary people, those who do not have yachts or 6-7 villas around the world: capitalists created the financial crisis with their insane speculations and their systematic robbery, but did not suffer any consequence, because there is the money of our taxes ready to save their ass.
Now if in the end employment will rise again, everything will continue as before until the next crisis. People talk every now and then to reform the system, but to reform it we should eliminate banks and financial markets, that traffic in money that doesn't exist. The logic of ever growing profits should be abolished in favor of other logics, as a sustainable development throughout the world.
But no politician in the world is going to do something. And nothing will change until a large number of people will finally realize that only 2% of the world populationto hold 50% of the world's wealth, while the poorest half of human beings has only 1% of global wealth . And above all, that all this disproportionate wealth wasn't honestly earned, but stolen from someone else.
Now if in the end employment will rise again, everything will continue as before until the next crisis. People talk every now and then to reform the system, but to reform it we should eliminate banks and financial markets, that traffic in money that doesn't exist. The logic of ever growing profits should be abolished in favor of other logics, as a sustainable development throughout the world.
But no politician in the world is going to do something. And nothing will change until a large number of people will finally realize that only 2% of the world populationto hold 50% of the world's wealth, while the poorest half of human beings has only 1% of global wealth . And above all, that all this disproportionate wealth wasn't honestly earned, but stolen from someone else.
Francesco Defferrari
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