Ten Myths About Capitalism

[jdhoch]

Myth 1. Under capitalism, anyone who works hard can become rich The capitalist system will automatically provide wealth to hard-working individuals. Workers unconsciously formed an illusory hope, but if it does not come to fruition, they will be blaming themselves only. In fact, under capitalism, the probability of success, regardless how much you may have worked, is the same as in a lottery. Wealth, with rare exceptions, is not created by hard work, but is a result of fraud and lack of remorse for those who have greater influence and power. It is a myth that success is the result of hard work and, combined with luck and a good dose of faith, depends on the ability to engage in entrepreneurial activity and level of competitiveness. This myth creates the followers of the system who support it. Religion, especially Protestant, works to support this myth as well.

Myth 2. Capitalism creates wealth and prosperity for all
Wealth, accumulated in the hands of a minority, sooner or later will be redistributed among all. The goal is to enable the employer to accumulate wealth without asking questions. At the same time the hope is maintained that sooner or later workers will be rewarded for their work and dedication. In fact, even Marx concluded that the ultimate goal of capitalism is not the distribution of wealth but its accumulation and concentration. The widening gap between the rich and the poor in recent decades, especially after the establishment of the rule of neo-liberalism, has proven the opposite. This myth has been one of the most common during the phase of "social welfare" of the postwar period, and its main task was the destruction of the socialist countries.


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[Prinskaj]

Why do you have to use such a huge font? It scares me. :crying:

[Left Leanings]

It's an interesting post.

Of course capitalism creates its own mythology - otherwise known as horseshit, to assist the bosses in the perpetuation of their rotten system.

Take myth 1, working hard will make you rich. My ancestors worked their fingers to the bone in the cotton mills. They left school at 14, got up early, worked til late, and were paid peanuts. They lived in private rented accommodation, and the furniture they bought had to last them a lifetime. When they retired, they existed on a meagre state pension.

Contrast that to the bosses, the mill-owners. How often did they break into a sweat, I wonder? Rarely were the mill-owners seen. The managers ran the mill for them, well they were sat at home in their grand houses, or swanning off on safari. Not much hard work going on there then, and yet the cash just kept on rolling into their bloated coffers.