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Insight, The Next Frontier
Richard Wolff is an economics professor who believes capitalism produces a downturn every 4–7 years. Sometimes the downturn is called a “recession” or a “crash,” but the most soothing term for the instability of the system is “business cycle.”…
…Our nation is already the prison capitol of the world. The solution is not more tax cuts or bailouts for those who already have enough. The U.S. is already shocking in its economic inequality.
Capitalism does not become a working system just because we can so easily hide the damage. In its pure and ruthless state, capitalism funnels more and more money to fewer and fewer people. The well-to-do often look at the casualties of the system as inferiors and seek to rule them for their own good. As more and more people in the U.S. lose our basic rights we must come to understand that our pain is not coming from the poor and oppressed… What we are witnessing is the collapse of the U.S’s version of colonial predatory capitalism. What we were willing to do to others is now coming home to us.
Ultimately, the “answer” to our problems lies beyond the ledger sheets of capitalism altogether. The “answer” will be found in our own forgotten humanity. Profit must be measured not only by the luxuries it can bring to the richest of the rich but also the hope it brings to the poorest of the poor. We must learn to value…
