Source: Global Research
Lies that Capitalist Tell Us:
- Wealth will “trickle down”
Less than ten people now have the financial wealth equivalent to half the planet, and the trickling seems a lot more like a mad cash-grab by the (morally bankrupt) elites. Rather than trickle down, the 1% and their lackeys have hovered up the majority of new wealth created since the 2008 crash. After 40 years of stagnant wages in the US the people feel more shit on than trickled upon.
It’s not a mistake that the elite reap most of the profits: the capitalist system is designed this way, it always has been, and will be, until we the people find the courage to tear it down and replace it with something better.
- I took all the risks
It can be argued the average employee takes far more risks in any job than the average person who starts a business with employees. The reason being is that the person starting a business usually has far more wealth, where most Americans can’t afford a 500 dollar emergency. Meaning if they lose a job or go without work for any stretch it means some tough decisions have to be made. A person with even a failing business cannot be fired, but the employee can be fired for almost any reason imaginable, they are operating without a net at all times.
The capitalist uses all sorts of public infrastructure to get his/her company off the ground. From everything to the roads to get you to your job, colleges, public utilities, tax breaks, electricity, etc. Even the internet itself was created from public research. Yet still, elite business owners still have the audacity, and are so full of hubris, that they believe in the hyper-individualist, macho, rugged-cowboy/pioneer façade they affect.
- I could pay you more if there were less government regulations
Many capitalists argue that layers of government bureaucracy prevent them from paying their employees a fairer, living wage. This is a huge whopper, as our regulations (like no child labor, a minimum wage, disability and worker’s compensation, basic environmental impact studies, etc) actually provide safety against the worst type of exploitation of workers and destruction of the land by corporations. Without these minimum regulations, an age of even more outright neo-feudalism would occur, where employees could be laid-off and rehired ad-infinitum, based on downward market wage forces, at the wishes of ever-more capricious owners, management, and CEOs.
- If you work hard, one day you can be rich like us (We live in a meritocracy)
America is not a meritocracy, and no one should think it is. There exists no tie to the Intelligence of work done or the amount of it that guarantees success. Rather to be rich depends more on either being born into it, or being exceptionally good at exploiting others so one may take the bulk of the proceeds for themselves. This is the magic formula for wealth in this ever so “exceptional” land – exploit, exploit, exploit.
Inheritance & exploitation is how the rich get rich. To understand the exploitation aspect takes some understanding of how the rich function. Next to none of the super rich become that way solely by meritocracy. Their income is created through complex webs of utilizing leverage usually to extract some form of passive income. They are the renter class or con artists, or both.
You only have to look at what the rich are dabbling in. Like Robert Mercer for instance, who made his money via “a hedge fund that makes its money by using algorithms to model and trade on the financial markets.” . Skimming money off corrupt financial markets hardly seems like a worthwhile activity that contributes anything to humanity, it’s a hustle.
Or take Bill Gates, who did some programming for a few years, poorly, and became rich by landing a series of deals with IBM initially, and then by passively making money off the share values of Microsoft. The late Steve Jobs may have been one of the more hands-on billionaires, but even he required thousands of enslaved asian hands to extract the kind profits Apple was able to make.
Casino magnate Sheldon Adelson almost certainly has organized crime links, as if owning a casino wasn’t enough of a con to begin with.
Rich DeVos became a billionaire by running a pyramid scheme most are familiar with called Amway.
The Walton family, owners of Wal-Mart, pays a median wage of 10 bucks an hour (far below a living wage), they strong arm vendors, and also rely on products made with working conditions that resemble old world slavery, while having more wealth than the bottom 40% of Americans.
There’s just no way to make that kind of money without having a major market advantage and then profiteering off it. Lie, cajole, coerce, manipulate, bribe, rig, and hustle. These are the tools of the rich.
No one is worth this kind of money and everyone needs each other’s help to function, but in the minds of the rich they consider themselves the primary cogs in the machine worthy of their money for doing not much else than holding leverage over others and exploiting it.