This illustrates the problem with Capitalism, it belongs to the whims of Capitalists and Humans are stupid, greedy creatures with little foresight. (Unless you consider selfish foresight, which asks, "How am I going to cash in for the long run?") However, even with accepting this philosophy as reality, it is not the reason that we find ourselves, (in the western world,) in our current predicament. It is no mistake that Rand named her book "Capitalism: the unknown ideal." It is, in fact, unknown because it is missing controls to ensure that the initial goals it had for itself, could be met. Capitalism was supposed to be the promise of the middle class, a vehicle by which we might "make it." As it is an American experiment, one only needs to look at the history of the government to see the history of business. Somehow, these roles have reversed. Thus, Capitalism, as it should be, doesn't really exist. The following, as usual, is going to be considered crass by some, even flippant. I think, however, that if Ann Rand can be considered a Philosopher and Ann Coulter has people willing to pay to listen to her speak, you can afford to keep reading. It might piss you off, but that doesn't make it any less true and at least I won't charge you...
These actions wouldn't be possible if it weren't for two undeniable facts: 1.) Business is in charge. 2.) People are stupid. Take the re-mortgage craze as the perfect example. "Wouldn't it be nice if you could pay off your debt? Help your kids buy there first home? Maybe even take that dream vacation?" Yes, actually, that would be nice. Middle class boomers with nest eggs had this opportunity. Many of them took advantage of it only to end up losing everything because of climbing interest, hidden clauses and cut throat bureaucracies. Even people who had no business going into a mortgage were being allowed to. People, who couldn't afford the loans they were being given, were still being given them. Again, these institutions only have Capitalistic concerns. America has refinanced itself into foreclosure in the best interests of the corporations doing the financing. America has been redesigned to make the rich richer on the backs of the poor, there is only a dwi! ndling middle class left. Some people may blame the financiers for doing the tricking, or the legislators for allowing a conducive atmosphere, but I put at least fifty percent of the blame on those being tricked. America has an unhealthy trust in authority and an expectation for personal success, but when you boil it all down, greed is greed is greed. For the have-nots, I can only ask, "What we're you thinking?" For the haves, I ask, after your income passes your expenses what are you accomplishing with your excess? I'm turning 38 this year and although I may be a little paranoid and jaded, I expect nothing from anyone. I pay into a pension that I may never see, I live paycheck to paycheck, I don't own my home. I haven't had a vacation and I have no savings. (And I live in Canada, a country, according to Republicans, that is nearly Communist, but in actuality, quietly strives to be as crooked as its neighbor.) Again, I have no expectations beyond getting screwed, therefore I have n! ever been disappointed. Do I want to be a millionaire? Probabl! y. Do I wish I was doing more than scraping by? Definitely. I, like a lot of people, make less than I need, thirty two thousand a year to support myself, my wife, my son. I figure I could do it comfortably for only eighteen more. My boss makes $50,000, his boss makes $80,000, his boss makes $340,000 etc. Why? What job is worth $340,000 a year?
(For this essay in it's entirety please click the link below.)