After 200 years plus of capitalism, I am surprised the ordinary worker doesn’t see it; I am surprised that capitalism lasted more than 50 years. See what; why this broad statement? Easy; capitalism doesn’t work. Here’s the reason.
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As we all know, no matter how hard politicians try to reign in capitalism, however hard they try to control it or, on the other side how hard they try to allow it to do as it pleases, capitalism inevitably results in boom and bust.
Whatever the capitalists tell you, the people who suffer most during the ‘bust’ periods are the poor, the employee and the disenfranchised. The people who suffer least are the speculators, factory owners and entrepreneurs who have amassed great wealth by underpaying the proletariat for their labour and overcharging that same proletariat for goods and services.
Conversely, during the ‘boom’ years the…
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