As these well documented short video clips show, capitalism is like a three-year-old’s economic philosophy.
The Immorality of Capitalism: The Rich Deserve and Working People Do Not :
(Note: if the video linked above gets deleted, you may search the Internet for the title: “How Wall Street Bankrupted Detroit | Interview with Richard Wolff “)
Gist: In the capitalist mindset, the rich deserve other people’s fruits of labor and working people do not deserve their savings. Hence, steal the working people’s retirement savings and give them to the rich on Wall Street. Then all is as it should be.
There is more:
The Ravages of Capitalism in America exemplified by Detroit :
(Note: if the video linked above gets deleted, you may search the Internet for the title: “Detroit’s Recovery And What It Means – Richard Wolff”)
Ending Note: It takes me at least 100 hours a month to research and write for this site. If you find any value in what I do, please consider becoming a patron and supporting this site with an automatic monthly donation of $1 or more. If you can’t afford this, then don’t, but please share my posts, tell folks about my online course offering, refer others to this site, refer me to paying outlets, partake in discussion, or contribute essays of your own. Thanks. Only together can we change the world. 🙂