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anneboleyn

(5,611 posts)
7. Exactly. As Marx warned us, Capitalism depends on inequality. The deeper the divide, the better
Sat Jul 5, 2014, 11:34 AM
Jul 2014

for Capital to maintain a pliable, obedient labor force in the Proletariat, better to drive up the gap between what is paid to the workers by Capital for what the Proletariat produces and what Capital earns as actual profit, which is of course obscene in our current system. And yes without proper controls on the system, as in the Gilded Age (1880s-1910s) when abuses finally inspired our country to pass laws protecting workers (including the laws against child labor), and protecting smaller companies from larger trusts, workers labored in horrendous conditions with no cushion, no minimum wage, no healthcare, no unemployment assistance etc.

in the meantime the millionaires and billionaires of the Gilded Age threw dinner parties with gemstones (served on ice cream) as party favors, while the ordinary workers slaved away for fifteen hours a day in hellish conditions and prayed they did not fall ill or suffer an accident. This is why there must be checks on the system.

K&R! This post should have hundreds of recommendations! Enthusiast Jul 2014 #1
K & R TDale313 Jul 2014 #2
Stiglitz sort of misses the point. Warren Stupidity Jul 2014 #3
Yes, but it also makes a difference... daleanime Jul 2014 #5
And the "Capitalist" use the government to get more money, faster by purchasing the politicians Dustlawyer Jul 2014 #6
Exactly. As Marx warned us, Capitalism depends on inequality. The deeper the divide, the better anneboleyn Jul 2014 #7
Solid post. I would only add ....... socialist_n_TN Jul 2014 #9
Especially your second paragraph. IrishAyes Jul 2014 #13
Thanks...... socialist_n_TN Jul 2014 #16
you missed the point though hfojvt Jul 2014 #8
"Corporate welfare" is likely to help people keep jobs too treestar Jul 2014 #12
NAFTA kinda fucks your argument. xchrom Jul 2014 #18
Who is going to fill those jobs? treestar Jul 2014 #19
dear lord! the 'government' is not filled with 'do-gooders' who have your xchrom Jul 2014 #23
Sorta jeff47 Jul 2014 #21
Yeah, but without the government backing industry, JoeyT Jul 2014 #15
I REALLY want to post this on FB but there's no share button! DesertDiamond Jul 2014 #4
What's stopping you? Scuba Jul 2014 #10
Right-click on it jeff47 Jul 2014 #22
K & R...for exposure... Wounded Bear Jul 2014 #11
The Oligarchs, Corporations And Banks Own And Control The Politicians That Own And Control Us cantbeserious Jul 2014 #14
Kicked and recommended. Uncle Joe Jul 2014 #17
Somebody decides. moondust Jul 2014 #20
K&R /nt Dragonfli Jul 2014 #24
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