10 Reasons to Hate Capitalism

[freshwest]

183. Excuse me jumping in here. It's hard to find the original in this subthread. Some questions:

Isn't raising the mimimum wage a regulation of capital?

Isn't mandating that the insurers cover pre-existing conditions a regulation?

Isn't requiring that capital follow labor standards, stop discrimination (used to enforce different wage levels on the workers) a regulation of capital?

All of these things change the balance of wealth through the unifying theme of equality before the law?

These are all regulations.

As far as Dodd Frank goes, despite the pundits dissing it, Liz Warren says it was strong enough, and if she had had the chance to vote on it, she would have done it twice.

Creation of the agency she was supposed to head was fought desperately by capital, with the GOP filibustering her as well as the alternative, Corduray, and then denied funding, it showed there was a regulatory body coming into play they had to fight for their sponsors.

They also fought the nominations to the Labor Department, even wanted to change its name to remove the hated word Labor, and on and on.

And there has to be a public climate that wants regulation of the powerful more as a matter of social justice than they want to make some money off the status quo. People seem to be pretty brainwashed at this time, they don't want anything regulated, even if it saves their life or the livelihood.

The union movement came out of many years of various associations of labor that were always attacked by capital. It had a religious, non-religious and socialist theory to organize upon.

I think that's what's being argued here. I also think the ideas of Korten on building a competing system that bypasses capital for those who are less invested in the current one, to bring more people out from under the yoke of capitalist profit over people.

Gotta get some rest. Later.