So, go at it step by step, as if we were dissecting a dead Democrat or a live Republican. TWO WAYS Ms. AOC, for example, said income “inequality” was caused by capitalism and said the system was “irredeemable.” But let’s get out our scalpel and take a look. Maybe we will see how this thing really works. To simplify, there are only two ways to do things. Either voluntarily, by win-win deals... or involuntarily, by telling others what to do. Capitalism only makes sense as a voluntary, win-win system. Socialism is different. An elite decides who gets what, by imposing win-lose deals – price- fixing, involuntary employment, tariffs, taxes, regulations – at the point of a gun. Of course, there is no such thing as pure capitalism or pure socialism... Even in a communist system, people generally try to get along and go along, making whatever black- market deals they can get away with. Over time, either the rulers loosen up so more win-win deals can take place (China)... or the system tends to fall behind (North Korea) and eventually falls apart. And in a capitalist system, there are always some people angling to use the feds’ muscle to force win-lose deals on others. Over time, more and more of them succeed, and the capitalist system becomes more and more corrupt. Since we live in what is basically a capitalist
But if owners want to pay their CEOs even 1,000 times what they pay their median worker, it’s none of our business. But wait... what if the money itself has been fiddled? If a corporate CEO can borrow at near-zero real cost... why not pay himself millions... and bribe the shareholders by buying back their shares and goosing up the stock price? Since we live in what is basically a capitalist system, we will turn our knife to our own sclerotic arteries and calcified joints – to see what has happened... It is a wicked world, Dear Reader. And wickedness takes on many shapes and disguises. Some say capitalism has failed America. More likely, America has failed capitalism. Capitalism needs capital. Real money, in other words. The feds gave it fake money. And now, in one of the most elegant and subtle scams in history, the elite (pseudo- capitalists) get the gains, while the losses are put onto the backs of the working classes – either in the form of a depreciated currency (as losses are monetized by the Fed), or in the form of the national debt (in which they are socialized by the federal government). But whoa... that’s a lot to take in.
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April 2019
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