This blog will be dedicated to investigating the widely known economic ideology of capitalism – an ideology that has both been cheered, and slandered for several decades. I will look at what the problem is with capitalism, what possible solutions there are, and what rewards there will be for taking these solutions into practical action.
But first – what is capitalism?
Wikipedia gives capitalism the following definition:
Capitalism is an economic system characterized by private or corporate ownership of capital assets and goods. In a capitalist economy, investors are free to buy, sell, produce, and distribute goods and services with at most limited government control, at prices determined primarily by a competition for profit in a free market. Central elements of capitalism include capital accumulation, competitive markets, and a price system.
Thus – capitalist is an idea based upon the notion that the capital should be able to decide for itself where it is to be placed – based upon the premise that when capital is allowed to move freely – it will naturally re-locate to places where it is in greatest demand as this will produce the biggest amount of profit and thus produce the biggest amount of benefit for the people.
The absolutely biggest problem with capitalism is that competition does not work as an effective motivator for human beings to create benefit for society – though this is the general idea. It’s thought that competition between businesses, and companies will bring forth the most effective products, and the most ingenious inventions – the reality of the matter though is a completely different story.
The competition that is the basis of capitalism doesn’t occur in a supportive, and effective manner – because it’s not the skill of business, or the quality of their products that are competing – no – it’s each business ability to make profit and earn money that is pitted against each other. Fascinatingly enough being able to make lot’s of money is not at all related to whether you’re in-fact supplying an effective product or service – it’s instead based upon one’s effectiveness to manipulate the human mind to a state of decision to buy – and the most successful businesses have developed extremely intricate way’s of ensure that they gain control over the human being’s buying button.
Consider for example the company coca-cola – obviously the beverage the coca cola makes isn’t effective for the human body at all. It’s simply massive amounts of salt, and sugar mixed together which is in-fact directly harmful to the body – yet still the coca-cola company is one of the most successful businesses in this world – I wonder why?
The reason why is simple – coca-cola have branded themselves effectively, and they’ve created their beverage to be addictive – which in other words means that they’ve manipulated human beings to experience a need to buy the coke without there in-fact being such a need – creating this experience of a need through effective advertising utilizing sex, positive imagery, and other type of stimuli that support the human’s desire to buy; as such – coca cola is the perfect example of how the competition for profit doesn’t produce more effective products, or more effective companies – but instead criminals that will do whatever it takes to win, and defeat the competition and earn that extra buck.
There are lots of similar examples – companies producing products that on a closer look are completely worthless yet designed in such a way as to manipulate the human being into buying them as such allowing the company to make a killing.
It’s fascinating that capitalism by many are considered, and revered as an effective ideology for the creation of new concepts, inventions, and products – but really – all capitalism have served to create have been more, and more effective ways to make profits – which have not included any regard for the development of more effective products – instead cheaper products, cheaper labor power, cheaper manufacturing, and more effective advertising – all to make sure that the product that is sold has been created in such a way that it brings the ultimate amount of profit to the company.
For society capitalism have been directly harmful – because there has been so many products, and so many business ventures that by design have been malicious – that still have been sold, and promoted in society and been able to establish themselves – even though the cost of this have been many human lives. I mean – consider the fact that medical companies have knowingly sold hazardous “medicine” – obviously this hasn’t been because they wanted to produce the most effective medicine – it’s been because they wanted to make profit and to attain this purpose it didn’t matter that a few would have to sacrifice their lives.
So – this is the greatest, and most obnoxious flaw with capitalism – it’s complete dedication to the destructive competition of whom will get the most money.
What is the solution?
Well – competition for money is the problem, and this problem is largely based upon the fact that we really do have to earn money in today’s world else we will not be able to survive. This serves to drive the competition, and concurrence for money – which in turn force companies to become even more focused on their profit as attaining more, and more money – at the cost of the public good. Thus – through establishing a basic income grant – an unconditional and sufficient income for each human being to live an effective and fulfilling life – much of the drive for money that lies at the root of entrepreneurship today, will be gone – and as such we will be able to see companies taking form that do not have the ultimate purpose of making more money, but instead have the purpose creating of products, and giving services that are effective, worthwhile – and desirable, and practical to own.
I mean – the if one take the essence of the idea of capitalism – which is that capital is to naturally move to the point where it services the greatest benefit for the whole – because the best product will naturally be in demand the most, and thus be the most lucrative point to invest one’s money into – it can be concluded that this idea could be used in order to bring through benefit for the people – and generate value for the public good – what must be removed from capitalism is the point of psychological manipulation that today is used in order to manufacture demand. I mean – demand shouldn’t be allowed to be manufactured through manipulative advertisement but instead the product, or service in itself – as what it in-fact represents should be the only advertisement allowed. If capitalism is directed in such a way – it will mean that only the best products, and the best services – as those products and services that are in the highest demand – will receive most capital, as the most investments – and thus this product will be able to be even more effectively fine-tuned to be a product that is truly worthwhile.
The rewards of changing capitalism – to not anymore allow the manufacturing of consent, as the manufacturing of public opinion – through manipulative ads the utilize sex, jealousy, comparison, and desire in order to generate sales – will be that the products that we as a humanity really need, and that are really useful – will be in every home.
Another point that must also change – is that the profit a company makes must not be based upon abusing labor to lower prices – the competition can’t be allowed to take place on such a shallow level as who makes the cheapest product – instead the best product regardless of it’s price should be the product that get’s attention and that is delivered to humanity as a whole. The problem here is that most of humanity do not have sufficient with money to invest in the best products because they are forced into poverty due to place of birth – such as what economic ability the family have, or the country that the child is born into. This will be corrected through implementing, and giving to all a basic income guarantee – this will allow all the ability to consume the goods that is best and not anymore will there be the need to look for the cheapest, and least valuable goods.
The reward here is that wage-slavery will end – because now labor will be given the value it deserves as products are priced correctly according to the amount of effort, and time that went into actually creating, and developing the product – this will mean more money in society – and as such more consumption – allowing even more capital to flow in the world system and be assigned to the corporations and companies that do produce the most effective products, and give the most effective services. Over-all we’ll due to this end up with a society that is highly advanced with products, and services that are durable, well thought through, and effective – which assists and supports humanity as a whole to reach, and align themselves with and as their ultimate potential of being the best that they can be.
Within this it’s fascinating to see that – even though capitalism have been so harshly criticized through-out the years as the evil spawn that is directly responsible for the state within which the earth, and humanity as a whole finds itself in today – capitalism could be changed to be a supportive ideology, as a natural way of public voting through purchasing-power, wherein the best products, and the most effective companies get’s the most votes, as money – and are as such supported to prosper, and grow. A outflow of this will be that for those people that truly have a product that they see is effective and that they want to give to humanity – and at the same time earn money – they will be able to do so and their product will get the money it deserves; and not anymore will ineffective products be allowed on the market, and remain there only because of immoral psychological manipulation. Within this the economy as a whole will become more substantial, and actually produce substantial value that is of benefit for all life on earth.
CapitalismWikipedia: Capitalism is an economic system characterized by private or corporate ownership of capital assets and goods. →