We often talk about capitalism being better than all those other things, like we are proud of it, or something. But capitalism doesn't exist right now. Neither does competition.
We only have the illusion of capitalism, and the illusion of competition.
We only have a very small amount of free-trade.
Besides the empty words we normally use, what is our economy?
We don't have any capitalism
Capital used to be defined as money, materials, tools and labor.
Today, it is only money borrowed from a bank.
With bankster printed cash, America's manufacturing capital was turned to rust, and China was built into a low-end manufacturing powerhouse. This could never have happened before the Fed. It might have been done a little at a time. But nothing like the factories that were just built in China, and the ones in America just shut down.
We were able to improve mass manufacturing processes so well, that money could just buy what used to take great skill to gather together.
So, the banksters have killed capitalism.
A person who can borrow at a lower interest rate, can beat anyone who has to pay more. A person who can just print money, can beat anyone as long as people are willing to sell out for printed dollars.
We don't have any competition
"Competition is a sin" - John D Rock-e-person
Do you believe there is competition? You go to the store and see lots of choices, with different labels and different manufacturer's names, but it is all a lie. Almost everything in the store is made by seven corporations.
The owners of Coors laughed their asses off when people boycotted Coors, and bought other beers from the same people.
Coke vs Pepsi is a joke. Two groups, owned by the same group of investors, having a war over which will dominate? What they dominate is that any actual competition can barely find room on the shelves.
Cars, televisions, computers, appliances, are all made by the same small group of people. You have to pay double, and go find really niche brands to get something that is not.
There is no competition. Any real competition that emerges is bought out, or destroyed.
We don't have any free market
Well, we do, in that many people still barter and trade.
How can we say we have a free market when half of every transaction uses currency created by a central bank? The cost of money is not determined by a market, but by a group choosing what to set the base rate as.
Add on top of this all the fees, taxes, licenses and regulations that someone selling something to someone else has to take care of.
The market is no where close to being free. Further, the game field is tilted so that banksters almost always win. And if they don't win, they sick their dogs, the govern-cement after the offender.
Capitalism, free markets, and competition are, today, just empty words.
They are so corrupted that i doubt we could fix them. However, i am fairly sure that we will never use them again anyway.
Things in the future are going to be REALLY different.
You know how crowd funding has replaced venture capitalists. People in the future won't use banks, instead they will probably ask for many people to help them, help themselves. Like how the Amish help build barns.
We will have garage based manufacturing. Where, many groups become very independent. And what they cannot make individually, they can trade with who can. And there will be many people who will be delighted to help a new node in the system set up their part of the manufacturing network.
Capitalism may revert back to its very earliest use, but it will probably be dropped. Even when used to refer to someone gathering up all the resources (capital) to do some endeavor, what we do in the future will have a much different meanings. It will be more like "shared" instead of "owned", or "given" instead of "purchased".
Things will work a lot better when we start using better words.
Things today work pretty crappily when we use words to mean things that they do not mean, and states that do not exist.