General Discussion
In reply to the discussion: To End Racism and Police Brutality, End Capitalism! [View all]AOR
(692 posts)Where is this New Economy that is being built as we speak. What does it look like and how will it change the facts on the ground for the 50 percent of those existing on less than $27,000 grand a year in the "greatest country in the world." How will this New Economy being built as we speak lift those living in abject poverty and unspeakable conditions in every Urban slum in in the United States ? Answers Nadin ?
You keep yakking about Marx. Try Einstein.
" Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society.
This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights. "