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Why Do So Many Americans Defend the Failed Capitalist Experiment?
Guest writer for Wake Up World
People vastly underestimate the wealth gap in the United States, guessing that the poorest 40 percent own about 10% of the wealth — when in reality the poorest 40 percent own much less than 1% of the wealth.
Capitalism has worked for big business and for the people with stocks and estates. But for the past 35 years our economic system, stripped of sensible regulations, has poisoned the U.S. nation with deadly inequality and driven much of middle America to an ever-widening lower class.
Yet for much of the nation the delusion persists, against all common sense, that deregulated free-market capitalism works, that it equates to true Americanism, and that people have only themselves to blame for their failure to thrive in this expanding world of wealth. The reasons for this delusion are not so hard to determine…
1. Capitalism Justifies Selfishness
“Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of motives, will somehow work for the benefit of all.” ~ John Maynard Keynes, Economist
Studies have consistently shown that increased wealth causes people to turn inward, to believe more in their own “superior” traits, and to care less about the feelings and needs of others. This anti-social attitude blends well with the Ayn-Randish “greed is good” message of unregulated capitalism.
Also from Paul Buchheit:
- The Real Terrorists: The 0.01%
- 5 Signs of a Dying Society
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For the very same reason they believe we live on Ball that spins at 1000mph, travels through space at 67,000mph while catching and orbiting a Sun that travels at 500,000mph. Brainwashing! It works if the sheeple is started out young enough.