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Ethical Capitalism.

Updated on August 12, 2014

Ethical Capitalism.

Since the Cold War and the aftermath of World War 2, a virulent strain of capitalism has been implemented throughout the globe, starting in America. Professor Naomi Klein dubs it "Disaster Capitalism."

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Aggressive acquisitions from large international corporations, compliant forms of deregulation and loosening of governmental restrictions on ownership led to an unfettered growth in multinational companies.

Since the 1980's. This has increased exponentially. A meteoric chasm that widens and sunders them from the vast majority of the populace with the tectonic shifts of boom and bust alike. Dissatisfaction with this from the 99% has grown more pronounced since the latest financial crisis of 2008. There is the widespread notion is that 1%, who hold a disproportionate share of the wealth, are the architects of the crisis. Building foundations into a marsh, causing them to sink, masonry breaking apart in the bog rotting amid the skeleton ruins of it's deluded splendour. Despite this utter failure, the poorest of society are ostensibly to blame in their view and bear the brunt of austerity.

What the wealthy fail to see, is the long game, in terms of humanity and not finance. Is that the vast supply of manpower is needed more than ethereal wealth. Accruement endlessly of money will soon grow so inflated that it will collapse in on itself (if it hasn't already), resulting in a chain reaction of catastrophe, war and famine. To stop this, a more egalitarian method needs to be devised.

Ethical Capitalism already exists as a neglected cousin of it's Laissez Faire relative. Fair wages, workers allowed to become partners in the business they work, Co-operatives. If there existed such an all-pervasive stance to fiscal processes, perhaps we could exercise greater control and reap far more monetary and societal rewards as a result? If Ethical Capitalism allowed for a larger proportion of wealth distribution among the population. Companies giving such to their employees, could surely be beneficial not only to workers, but to the owners of the companies. Greater wealth distribution leads to further prosperity, education, increased health. Education and more attention to health will more than likely lead to enhanced vitality for all the world.

Why is this such an aberration to the financial elite? Surely a more fulfilled worker is a more competent worker. Leading to the drip down effect of a more fulfilled society and global population. The reason, because a more enlightened society is a more powerful one, it will hold those in control of the money and political elite to account. As a powerful 99%, this enlightened populace would hold the power... the truth is, we actually do. We are as entitled to the fruits of the earth as the wealthy. But they won't fall into our laps...

© Brad James, 2014.

A Little Old, But It Still Applies.


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      Howard Schneider 

      4 years ago from Parsippany, New Jersey

      I totally agree with you, Brad. It seems that most businessmen subscribe more to Gordon Gekko's mantra, "Greed is Good", from the movie, Wall Street. We are in the middle of a very horrible period of corporate culture. Hopefully it changes soon but I doubt it. Great Hub.


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