Reply #209: that is why it will all collapse [View All]

Capitalism must expand markets, must continually grow and increase production, but must also drive down wages. Any capitalists who do not do those things will see their stock value collapse, will lose access to capital and will be driven out of business by those who are willing to do those things.

An interesting thing here, that surfaces in the immigrant rights debates, is that people express the idea that workers are a drain somehow on the economy. People fail to see that every worker is also a consumer.

Putting people out of work, depressing ages, cutting benefits and social programs does not "save us money" if by "us" people mean the 99% of us who are not independently wealthy, who are not making money off of money. It does make the stock prices go up, up, up - what does that tell us?

Putting people out of work, depressing ages, cutting benefits and social programs, privatization and regressive taxes are all ways to accelerate the transfer of all wealth up and into the hands of the few. There is less and less to squeeze out of the people now, so the investors are making up things to exploit us and each other like derivatives and swaps and hat not, and looking under every rock to find more money to steal - bail outs and such.