Capitalism Sucks?


Capitalism sucks!

Anyone who has been on the wrong end of the stick knows this, knows that it only helps those who already have a lot of capital.  I had no idea though, that the word itself is slowly becoming a dirty word, and it apparently has been that way for a while.

According to a Pew research center study about Americans viewpoints on political terms, 40% of Americans think of capitalism as negative, and that number is up 3% from last year.  It isn’t a majority, but it is moving in that direction.

I tell you that sounds kind of odd to my ears, but it is understandable news.  It shows that there are those in this nation who have been screwed so hard that they have begun to seriously question the entire concept behind the system that has caused all the pain and hardship in their world.

And in the same vein, what word is the least polarizing and viewed as the most positive?

Progressive.

There is a great deal more about this poll than just what I mentioned here, if you want to see the rest of it, read the story here.

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Viddy of the day:  Capitalism:  A Love Story – Trailer

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Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be; and this national weakness finds its nemesis in the stock market.

John Maynard Keynes, The General Theory of Employment, Interest, and Money

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Capitalism sucks! And here’s your proof.  Verizon tried to make a greater profit off of the people who pay their salaries despite the fact that they pulled in $15,000,000,000 in revenue last quarter by adding a $2 charge to people who pay their bills on-line using the one time payment option. That’s how I pay my bills on-line.  Apparently, a lot of other people do as well.

The backlash was intense, humongous, and overwhelming.  After over 100,000 people signing on-line petitions, and the threat of an investigation by the FCC, Verizon backed off.

Now I am not sure whether it had all that much to do with the internet backlash.  I don’t see them being backed off of a $2 fee by 100,000 people on twitter and facebook, but the FCC biting them in the ass is probably what tipped them in the direction of not charging the fee.

It seems to me that it is clever marketing on their part, nothing more.  They backed off too quickly, it’s a PR move, plain and simple.  They’ll find another way to make their money, without making so much noise.

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Pic of the day:  Pulling Down the Statue of King George III, by Johannes Adam Simon Oertel

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That’s it from here, America.  G’night.

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2 thoughts on “Capitalism Sucks?

  1. There’s nothing wrong with capitalism, as long as it’s well regulated. There are those on the right who believe that any type of regulation is socialism. Those people are idiots.

  2. Well regulated is the right way to put that. It was poor regulation, and in particular (IMHO) the relaxation of the net capital rule that in large part brought about the economic disaster that was the recession, read about it here.

    Too many people have been hurt by bad regulation like the relaxation of the net capital rule, which leads to, among other things, the word “capitalism”, and the concepts behind it losing favor amongst Americans of late. Many Americans have been burned, and when people get burned, they question everything that they think burned them, deserved or not.

    True about those righties who use the term socialism as well. It’s a dog-whistle term that only those anti-American right wing nut-bags and the main stream media pom pom shaking cheerleaders care about using.

    One wonders if they’ll ever get it truly right, on all counts.

    Thanks for dropping by

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