Our Brutal Capitalism
June 2, 2020 Leave a comment
- No universal healthcare–growing millions of people with no access to healthcare and worse during the pandemic and the high unemployment of those depending on employer-based healthcare.
- Concentrated wealth and income in the upper 10 to 1 percent of people.
- Concentration of political power in corporations and high wealth groups.
- Broken presidential voting favoring small, rural, poor states with undemocratic local voting and the electoral college.
- Low minimum wages and declining value of median incomes.
- Racially segregated education, healthcare, employment, housing and public services like clean water, internet access, clean air, equity justice.
- Socialism (meaning government benefits and subsidies) for big corporations and the wealthy, and the free market competition and harsh capitalism for the workers, poor and underprivileged.
- Unchecked monopoly power of large, powerful corporations.
- Exploitation of undocumented immigrants in low-wage dangerous work.
- “Great wealth flows from great power; great power depends on great wealth. Wealth and power have become one and the same.” (p. 10. Robert B. Reich. The System: Who Rigged It, How We Fix It. 2020)
- Economic growth now mostly favors the rich.
- Weakening social safety net of social security, medicare, medicaid, unemployment insurance, SNAP (food stamp) benefits…
About Stephen E. McGaughey
Coral Gables Watch 