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Clearly a society in which the very few have nearly everything is destined for problems.
The Left has lost its voice in the face of a corporate controlled media and government. Still there have been many on the Left, like myself, that have been warning over and over that this type of situation is intolerable.
The ruling elite’s are now blaming societal breakdown in the UK on a lack of moral character. In a sense they are right. Unfortunately, they never point out that the ones in control have shown no moral character as they steal the wealth from the rest of Society.
See Also
Why the Rioting in London’s Tottenham?
…Suddenly this has occurred to everyone. Just weeks before the riots conservative commentator Charles Moore wrote in the Daily Telegraph: “It has taken me more than 30 years as a journalist to ask myself this question, but this week I find that I must: is the Left right after all? You see, one of the great arguments of the Left is that what the Right calls ‘the free market’ is actually a set-up.”
In the conservative German daily Frankfurter Allgemeine Zeitung, commentator Frank Schirrmacher turns similar sentiments toward Chancellor Angela Merkel and her Christian Democrats, complaining about the “ghostly coolness” with which she approaches the moral vacuum of conservative politics.
The riots in London have done to the West’s social self-image what Fukushima did to the concept of nuclear energy. It was a super maximum credible accident — the imagined, but never expected catastrophe. A moral meltdown.
But with all due respect, the only thing astonishing here is the actual astonishment. Who really thought it could simply go on indefinitely like this? Who believed there would be no consequences to the increase of obscene wealth for a few while impoverishment simultaneously plagued the masses. Wealth disparity is no accident of the capitalist system — it is the system.
Just as the Berlin Wall and the Russian Gulag were no accidents of socialism, this disparity is reality. Capitalism means that one person owns a yacht with a swimming pool and a hangar for their helicopter, while millions of others haven’t had a salary increase in years. Socialism means equal fortune for all, except for those who don’t play along and end up in prison….source: spiegel online
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“Wealth disparity is no accident of the capitalist system — it is the system.”
“Capitalism” doesn’t include in its definition that one player gets to print the money and make it illegal to use anything else as an exchange medium.
The corruption in the system is NOT due to capitalism. It’s due to central banking.
Capitalism is neither good nor bad. People who engage in capitalism are good or bad. If bad people use capitalism you get oppression and corruption. If good people use capitalism you get what America had for many years.
Marxism, on the other hand, always ends badly because there’s no moral compass. In every socialist system, the authority of government flows from the barrel of a gun.
Put blame where blame is due and don’t throw the capitalist baby out with the bathwater.
You are completely wrong. When you leave capitalism unchecked and unregulated you have the abuses of child labor and sweat shop labor. This is what we saw in America in the latter part of the 19th and early 20th century.
Capitalism is a system that has to be highly regulated along with a humane social program.
But better yet capitalism should be reformed into a type of Nordic Socialism.
It is the system, capitalism, that is precisely the problem.