American Capitalism
In an era of so many issues that don’t get solved I believe we shouldn’t just stick with our systems of governing. We should change them. But we shouldn’t totally do away with capitalism. Instead we should think outside the box and combine socialism and free markets into a new way of governing.
America is a capitalist republic. The people are represented by elected government officials who vote for what they believe is in the best interest for there state and people.
The Capitalism part comes in with businesses. Most businesses have a small amount of regulations to follow from the government to allow free markets and the trade of ideas. But what happens when businesses do not feel the same about governments? Maybe in order to get the upper hand in this always competing free market a business needs to get the upper hand in the government. Now the representing part of our government begins to degrade as corporate lobbyists begin to ask your government officials for “favors” in exchange for a special “extra” paycheck. I, like most people, used to believe a Capitalist Republic is the best governing system in this chaotic world, but when I took a closer look my ignorant self was astonished to see that maybe it’s not. Maybe that supposedly tried and failed system called Socialism would benefit not only the U.S. government more but also the American people more.
Where Do the Little People Go: Who Does Capitalism really benefit?
America has an obsession with material goods and possession. Corporations such as Wal-Mart provide us with these cheap items that we seem to obsess over. The consumer goes home after proudly saving a few dollars on the newest items on the market and Wal-Mart injects a little bit more into our economy. It is how capitalism is supposed to work: the consumer consumes and the economy grows while Wal-Mart continues to compete with other businesses like Target. But what about the nice disabled man who greets you at the entrance? Wal-Mart doesn’t provide benefits like health insurance and only pays low level workers the least they can. Never mind him and those far away lower-class citizens though- the new episode of American Idol will help you forget about it. And besides what Wal-Mart does for our economy is great right? Why else would they get all those great tax breaks?
The Power Bias: Why the Lower Class Stays So Low and the Rich Get Richer
Those great tax breaks do not go to the entire company. The disabled greeter man pays the same taxes and even the staff manager doesn’t see a change in their taxes. Put simply the ones who need the tax breaks don’t get the tax breaks. The CEO of Wal-Mart? Well I’m pretty sure he’s rich enough to get those tax breaks. If our great Capitalist government was formed upon common sense principles where do tax breaks for the rich fit in? Well here’s where lobbyists come in! These tax breaks for the rich most likely took a large paycheck for a large number of people. Such a provocative bill needed an organization to campaign it to the people. At the time this bill was passed, George W. Bush’s approval ratings were much higher than they are today and Congress was controlled by a Republican majority. A quick campaign by Republican economic experts was all it took to persuade the masses.
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Post Commentdenim
On August 3, 2008 at 7:47 pm
god points, but theyre just points of reference to problems and a vague, nondescript concept of what you think could work.
Come up with the details, the blueprint, the actual plan that is bulletproof, and can hold up to argument, well, then youve done something.
396 LT1
On February 24, 2009 at 7:28 pm
I agree with what you are saying here. I believe Marx was right in saying that socialism will emerge from capitalism. If you watch how this system is working it appears to be defective by design. It allow too much room for greed and corruption. Giving a better wage to the lower class will not only improve the quality of life but also encourage spending which will in turn help the economy. With this pattern of giving to the poorer class they will by necessity spend and strengthen our dollar, over and over again. Capitalism is great for competition and innovation and is how we got where we are today. The fundamental idea is superb and makes sense. It seems to be a matter of figures. If profits from major business would be used to distribute money, would it be enough to cover gov’t programs and redistribute wealth? If not we need to continue taxes and on what and how much? The tax system would need redone and be national not revised within the states. This creates too much room for error and is not consistent enough for budgeting. It seems we are on the right path and hope more people realize it and are encouraged to move forward.