Our Brutal Capitalism

  • 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
Resident of the City of Coral Gables

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