Unmasking the Myths of Capitalism…

The Orwellian denial of facts led to Greed Capitalism becoming the dominant ideology. It is in fact a delusional idea misquoted from Adam Smith’s writings and then based on some bizarre events, made possible historically by the deceitful shenanigans of corrupt officials, numpty ‘academics’ and exacerbated by wealthy tycoons.

The 1970s ushered in an era where the relentless pursuit of maximum profit, above all else, became the prevailing ethos. This ideology not only liberated but also encouraged business leaders and the affluent to pursue their interests with unbridled greed and little regard for moral constraints.

Capitalism and corporations are an economic technology which should be in the service of people….But it became the other way around.

It’s produced economic slavery, meaningless activity, widespread alienation in society and mindless, excessive consumerism. If that’s not enough it’s killing people prematurely with stress and pollution and destroying the planet’s biosphere.

Capitalism, like ponzi schemes will only ever favour a few, then collapse.

But it’s never enough is it?

They just continue peddling their BS regardless of the impact on the planet or the inequality it’s exacerbating, aided and abetted by a weaponised media and bought politicians.

Here are the three weird inflection points which caused the present delusional virus of greed economics in the USA and the UK.

Bizarre Idea 1: Milton Friedman’s Doctrine of Profit Maximization: One of the fundamental pillars of capitalism is the idea that corporations should prioritize maximizing shareholder profits above all else. This concept was popularized by economist Milton Friedman in 1970 when he argued that the sole responsibility of corporations is to increase their profit. This notion has been widely adopted in the corporate world, leading to a focus on short-term financial gains and often neglecting broader social and ethical concerns.

Bizarre idea 2: The Legal Personhood of Corporations, made legal by a series of deceitful events in the 19th century. Leland Stanford’s lawyer, Roscoe Conkling, argued in an 1881 lawsuit against the Southern Pacific Railroad that corporations should be considered “persons” under the Fourteenth Amendment.

This argument, based on falsehoods and misrepresentations, led to the idea that corporations have the same constitutional rights as individuals. This legal precedent has been used to justify corporate personhood and has allowed corporations to wield significant influence in politics and society.

Bizarre Idea 3: In 2010 a Supreme Court decision in Citizens United, which allowed corporations to make unlimited contributions to political campaigns under the protection of the First Amendment’s right to free speech.

This decision further amplified the influence of corporations in shaping political outcomes and policies, contributing to the perception that capitalism prioritises corporate interests over the interests of ordinary citizens.

In summary, the three inflection points identified underscore how capitalism, is built on ideas that prioritise profit above all else, grant corporations legal personhood, and enable them to wield substantial influence in politics.

It’s not fair or sustainable and we need the rebels and mavericks to discover new pathways out of this mess.

#CorporateGreed
#ProfitsOverPeople
#EthicalBusiness
#CorporateResponsibility
#IncomeInequality
#WealthGap
#CorporateCorruption
#GreedyExecutives
#FairWages
#SocialJustice