The Capitalist Delusion

There is a common delusion in the USA that in the capitalist system, everyone can rise up the social ladder from poverty to wealth and that once you do, you should enjoy the rewards of your own labor, or the incentive to better one’s life would disappear. The reason this is a delusion is because those who are already wealthy would have an unfair advantage over those who are poor. Sure, the rich and their giant corporations DO provide jobs for the poor, but only to make themselves even richer, while keeping the poor working for small change, thus limiting actual economic growth. If anyone doubts this, think about why we Americans got Social Security, Medicare and minimum wage laws in the first place. It was because THE CAPTIALIST ECONOMIC SYSTEM IS NOT SELF SUSTAINING! If it is not moderated by the government, it will fail. That’s why we had a Great Depression and that’s why we keep having so many recessions since Ronald Reagan was President of the United States. Capitalism by itself DOES NOT PROVIDE PROSPERITY FOR ALL!