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## Capitalism
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### Central Tenets
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Capitalism - a political and economic system touted as a beacon of freedom and opportunity, has led to exploitation of the many, for the wealth and power accumulation of the few, and a loss of dignity for all. If we look at the tenets of this system, then the reasons for it become apparent.
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<b>The Pursuit of Profit:</b> Capitalism is characterized by a relentless pursuit of private profit as the primary motive for economic activity. In this system, the pursuit of profit takes precedence over considerations of human well-being, social needs, and environmental sustainability. The drive for ever-increasing profits at the involuntary expense of others leads to cost-cutting measures, exploitation of resources, and the prioritization of short-sighted gains over long-term social and environmental stability for everyone. This exploitative profit-oriented mindset not only disregards the well-being of individuals and communities but also undermines individual and collective power to address pressing social issues and create a more equitable and sustainable society.
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<b>Private Ownership of the Means of Production:</b> The fundamental aspect of capitalism is the private ownership of the means of production, where a select few own and control the resources, factories, and land necessary for producing goods and services. This concentration of ownership leads to a significant power imbalance, as the capitalist class holds control over the means of generating wealth, while the majority of the population, the working class, must rely on selling their labor to earn a living. This ownership structure enables the capitalist class to accumulate wealth and maintain control over economic and political decisions.
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Capitalism - a political and economic system touted as a beacon of freedom and opportunity, has led to exploitation of the many, for the wealth and power accumulation of the few, and a loss of dignity for all. If we look at the tenets of this system, then the reasons for this become apparent.
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<b>The Pursuit of Profit:</b> Capitalism is characterized by a relentless pursuit of private profit as the primary motive for economic activity. In this system, profit for the owners of businesses takes priority over considerations of human well-being, social needs, and environmental sustainability.
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The fundamental pursuit of profit as a business, combined with owners being inherently unrepresentative of their workers and with conflicting class interests, leads to measures which simultaneously offload costs to consumers, workers, and the environment, and extracts surplus value from them. The imbalance of power within this system leads to an exploitative and classist relationship between owners and non-owners, as people’s interests are not proportionally represented to their participation and importance in the system. This is not only detrimental to the interests of most of society who are not part of the owning class, but is also less efficient at actually creating the surplus value which owners extract from the business. The key to the failures of this profit driven system lie within the concept of private ownership.
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<b>Private Ownership of the Means of Production:</b> The fundamental principle of capitalism is “private ownership of the means of production;” meaning a class of people that own a monopoly of the resources, facilities, tools, and space necessary for producing goods and services in society. This concentration of ownership leads to a significant power imbalance, as the capitalist class holds a monopoly of control over society as a whole, while the majority of the population (the working class) must rely on selling their labor to the owning (capitalist) class to earn a living. This disproportionate ownership in society enables a fundamental division in societal interests between those who control it, and the vast majority who live in it. This antagonistic relationship creates less power not only for those who are exploited in particular, but for society as a whole since in order to maintain this dynamic between owners and non-owners, the working (and consumer) class must remain divided, disorganized, and powerless outside of what serves the interest of maintaining this parasitic relationship. This artificially limits the choices of society both collectively and individually and creates artificial and illegitimate divisions amongst people rather than unified efforts towards solely mutually shared goals, with the only limits being the material world we live in, and our own decisions as people within it.
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<b>Exploitation of Labor:</b> Under capitalism, the pursuit of profit drives the relationship between the capitalist class and the working class. The capitalist class seeks to maximize their profits by extracting surplus value from the labor of workers. This exploitation occurs through the mechanism of wage labor, where workers are paid a fraction of the value they produce through their labor. The surplus value, the difference between the value produced by workers and the wages they receive, is appropriated by the capitalist class as profit. This exploitative relationship, rooted in the capitalist mode of production, perpetuates social and economic inequalities, as workers are consistently deprived of the full value of their labor.
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Just as a house needs a solid foundation to stand strong, any system that guides our lives requires a sturdy base to support its structure. Unfortunately, capitalism is built upon an inherently flawed foundation. It contributes to power imbalances, economic exploitation, a compromised collective well-being, and a disconnection from meaningful work. It is clear that without addressing these foundational flaws, the system itself will always fall short in providing a just and equitable society.
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### The Price We Pay
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