For some, capitalism is a good thing. It brings them enough money so they can live the kind of life they want, with a roof over their head, clothes on their back, and food in their belly. But for many others, capitalism is the method by which these same things are removed from their lives.
For the upper class or “wealthy”, money is spent on extras. There are no worries about the basic necessities in life because for them, these are a given. The fridge is full of food, the closet has more clothes than they can ever wear, and the only question is what car they should drive to ensure their place in society. Money is a ‘tool’ for them and they use it as a lever; an advantage to exploit. They make their money work for them rather than working for their money. For them, capitalism is a game and they will tweak all the rules in their favor. Families with “old money” make sure they have systems in place to protect their wealth. Trust funds are established, shell corporations are created and children are “paid employees” so the money can be quietly scurried away for future use. Banks in far away paradises, like The Cayman Islands, are a perfect place for corporations and individuals alike to store their funds away from the eyes of the IRS. Some claim that the rich are “job creators” but the exact opposite seems to be true; the rich have hoarded so much cash away that there is little left in circulation for the rest of the people to use.
For the middle & lower class, they are working just to get by, living paycheck-to-paycheck, with no money left to put away for a rainy day. The harder they work, the further behind they seem to be going and in many ways this is true – because capitalism is morphing the game around them. Some don’t want to play the game by the upper class’s rules, so they resort to crime. There is no hope of “getting ahead” and their future won’t be changed unless someone else changes it for them. But why would the upper class change a system that is tipped in their direction? They won’t.
I used to like drag racing and one of the most successful racers is John Force, who was once quoted as saying “If we don’t win, we don’t eat…. and my guys like to eat darn near every day now.” As innocent as this quote sounds, it is a true example of one aspect of capitalism – you have to keep “winning” just to eat. It’s not enough to merely exist, you have to keep working harder and harder just to stay afloat, let alone get ahead. And if you don’t, the rest of the world will lap you and leave you behind in the dust.
The definition of “ponzi scheme” is “a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities“. Isn’t this what capitalism really is? Capitalism only ‘works’ if the money keeps moving, it requires new ‘investors’ to bring new money into the game, thus keeping the game up and running. And the more money that gets scurried away in blind bank accounts, then the more new players are needed to boost up the older ones. Sound familiar?