The Capitalism Critique: Part 1
I have noticed a disturbing trend among many Higherside chats guests and feel that it deserves special attention considering it typically gets glossed over on the air. The phrase, “I’m a fan of Capitalism”, or similar variants, are said by many authors, researchers, and scientists. Sure, following your passion and doing what you enjoy for a living is the dream, but that same dream is the carrot at the end of the stick that most workers never actually taste. Most employees dedicate enormous amounts of energy into building someone else’s fortune while trading their labor for the minimum conceivable stipend as a wage. The shallow end of the Capitalism swimming pool is packed with service sector employees, while the deep end has relatively few people with plenty of room. Most people I’ve worked with barely get by, or get by only by perpetuating even further enslavement through student loans and credit card debt. Capitalism abuses most of us for the benefit of the richest few. This entry will be part 1 of an ongoing critique of Capitalism and modern economics. I base my critique on the following premises.