Posted 5 years ago on Feb. 28, 2012, 3:26 p.m. EST by struggleforfreedom80
This content is user submitted and not an official statement
1) Undermining of democracy
It is undemocratic when the ones who have the overwhelming power in society are not elected by people. The financial elite have most of the wealth, they control the resources and the means of production - things that affect our lives - yet we´ve never voted for them. People don´t control their own lives, workplaces and communities; instead the super rich non-elected minority make big decitions and control huge part of the society with their enormous wealth which is very highly concentrated.
Not only are the rich and powerful in an undemocratic way controlling the economy as a whole in huge networks of transactions, investments and stock exhange, they also rule the institutions in society in a totalitarian way. The economic institutions in a capitalist society have a totalitarian model; a tyrannical non-democratic hierarchy in which the people at the top - the CEOs, owners etc - dictate how the institution is being run, what´s being produced, working conditions and so on, while people further down the hierarchy must follow their orders. Capitalist institutions are in other words private tyrannies. These structures are in no way not even recembling democratic organization.
Capitalism means that the means of production are privatly owned by individuals who make a profit from other people´s work. In other words, the value of the worker´s pay is less than the value that was added thru his/her work in the payed hours. That creates a profit for the owner of the means of production who did not create the value, but still gets payed in the form of profit. This profit is then used for future investments, giving more profits. So, the capitalist is making money simply by just owning, not adding or creating value. Capitalism is in other words exploitatative by nature.
3) Demoralization and encouragement of greed
Cooperation, solidarity, altruism etc. are essential and fundamental elements of our nature, but these things are being suppressed to a large extent in Capitalism. In today´s (especially Western) societies things like greed and consumption are being encouraged. In fact, capitalism requires corporations f.ex. to only think about the "bottom line". If they don´t, they´re out of business, and corporations that do think profits and greed replace them. A society like this will of course produce a lot of greedy and immoral individuals. Capitalism encourages greed, and since human nature allows for some molding of the mind, the system we have manages to suppress many individuals´ core characteristics. Take advertisement f.ex: Private tyrannies spend huge amounts of money on this. We´re being pumped full of this garbage almost everywhere we look, whether it´s TV, radio, internet, newspapers etc etc, day in and day out. It is a highly unnatural phenomenon, it´s been a part of human history for an extremely small amount of time, yet it affects us, many of us in a huge way. This kind of demoralization is intolerable.
Capitalism must be abolished. It must be replaced by a society where democracy is the core; where capitalism and central state power are replaced by more direct democracy and direct participation. A society where the economic institutions are run democratically by the participants and the ones affected by them. That means democratic control of workplaces, democratic control of communities and so on; a society where people participate in the decision-making and are in control of their own work, life and destiny. A system of cooperative communities that benefit everyone and focus on people´s needs instead of short term profit: