by Jonathon Blakeley
Thursday, February 21st, 2013
“A great video from Press TV on the inevitable fall of capitalism, definitely worth a watch” JB-)
Capitalism is a cult. It is devoted to the ideals of privatization over the common good, profit over social needs, and control by a small group of people who defy the public’s will. The tenets of the cult lead to extremes rather than to compromise. Examples are not hard to find. By sitting on their growing investments, the richest five Americans made almost $7 billion each in one year. That’s $3,500,000.00 per hour. The minimum wage for tipped workers is $2.13 per hour.
Our unregulated capitalist financial system allows a few well-positioned individuals to divert billions of dollars from the needs of society. If the 400 richest Americans lumped together their investment profits from last year, the total would pay in-state tuition and fees for every college student in the United States. The combined net worth of the world’s 250 richest individuals is more than the total annual living expenses of almost half the world – three billion people.