The majority of people have a very low opinion of our government. Congress has low approval ratings. Are these just symptoms of a bigger problem, the failure of American capitalism. I say the failure of American capitalism because this system of capitalism is not true capitalism, it is capitalism with safeguards in place such as the bank bailouts, social security, unemployment insurance, welfare, and so on.
American capitalism has always exploited an underclass in which the gains are squeezed out of the exploited, usually lower class, and are given to the people at the top of the pyramid. First there were indentured servants, then there were slaves. Now there is free trade with China or legalized slavery. Are we at the point in which there are no more gains to be eked out by the exploitation of others?
Is there no more wealth that can be squeezed out of the lower class and transferred to the top? Are we at a tipping point with mounting debt, high unemployment, promises such as social security that may not be able to be fulfilled. I wonder what will be the next group of people that will need to be exploited to keep the American capitalist machine going. Will it be Americans? Could we become more like China with suicide nets keeping workers from leaping to their deaths?
In summary, are we in an unsustainable system over the long haul?
American capitalism has always exploited an underclass in which the gains are squeezed out of the exploited, usually lower class, and are given to the people at the top of the pyramid. First there were indentured servants, then there were slaves. Now there is free trade with China or legalized slavery. Are we at the point in which there are no more gains to be eked out by the exploitation of others?
Is there no more wealth that can be squeezed out of the lower class and transferred to the top? Are we at a tipping point with mounting debt, high unemployment, promises such as social security that may not be able to be fulfilled. I wonder what will be the next group of people that will need to be exploited to keep the American capitalist machine going. Will it be Americans? Could we become more like China with suicide nets keeping workers from leaping to their deaths?
In summary, are we in an unsustainable system over the long haul?