Forum Post: Free Market Capitalism is a Euphemism for Neo Feudalism

“The free market was a great idea. While individuals made goods or grew crops and sold or traded them in the the town square, each doing his or her own work and each living by it, the interchanges distributed an individuals excess production to those who could exchange their own for that which one another lacked. We no longer live in such a simple and efficient world. “Free Market Capitalism is an oxymoron and a threat to the Human Race. It is at the other end of the market spectrum from each individual seeking a livelihood for self and family. A few elites of the ruling class dominate commerce in goods we all work to produce and they hoard the profits for themselves. They do no work. Others work for them and they take the profit. “The economic system dominated by capitalists has devolved to the antithesis of a free market. If capitalism had been banned, the market wouldn't be free. Because usury wasn't banned, the market lost its freedom. Like the antecedent feudalism, too much of the privatized commons are owned or controlled by too few individuals. We are owned by the rich, who are an atavist feudal aristocracy. How did we get here from each individual working in his or her own self interest? (The freedom of the market had all but disappeared by the time Smith identified it.) Why do we respect the debt and its owners who, by the use of the contracts they've extorted, enslave us? “The simple answer to the first question is: successful merchants and industrialists put their money to work at usurious finance and banking. The fortunes began to increase exponentially by the percentage taken from entrepreneurs and ultimately consumers, the source of all work and wealth. The new start ups became more and more hobbled by the older money as time passes. Eventually most people have become bound to the ruling class by debt. As opportunity declines, the competitive hopefuls descend to the lowest common denominator of morality and scruples.

For more on dysfunctional economy and culture see: How Does That Work? https://www.createspace.com/3852916, which the above is copied from.