You’ve no doubt heard the claim that capitalism is the most efficient system for the distribution of products, and that this is thanks to the miracle of the free market. Is Capitalism Actually Efficient? Youtube 15.41, Second Thought online 2021
To maintain profitable prices they simply destroy excess stock. ibid.
An indictment of soulless for-profit system. ibid.
During the pandemic we saw armed guards blocking people from retrieving food from dumpsters outside grocery stores. ibid.
Wasteful, short-sighted and inhumane. ibid.
Liberal shock therapy: The period following the dissolution of the USSR has been folded neatly into the US’s overarching narrative for the 20th and 21st centuries. How Capitalism Destroyed Russia, Youtube 19.03, Second Thought 2022
Russian capitalism was not the product of a democratic reawakening and it was certainly not inevitable. Iibid.
Massive and immediately misery for millions and the beginning of a new period of insecurity. ibid.
An immediate 250% increase in price of basic necessities. Then came the layoffs and the hyperinflation, unemployment skyrocketed by 60%, GDP fell 14.5% in a single year … ibid.
Organized crime found a welcoming home in the chaotic and deregulated environment of capitalist transition. ibid.
Most privatisations went to insiders. ibid.
More and more our economy is shifting away from personal ownership and towards rent. Why You Don’t Actually Own Anything Under Capitalism, Youtube 14.56, Second Thought 2022
Do you also think that your bank cards are possessed, that finance is a higher force that influences our entire existence? Crash: Are We Ready for the Next Crisis? 2019
‘We have experienced a disconnection between the financial sphere and the sphere of reality.’ ibid.
Why is finance still so unstable today despite these repeated crisis? Why have regulators failed to permanently stabilise a system which can put the planet’s economy in danger? ibid.
Capitalism is disorder, it is hatred, it is greed without restraint, it is the onslaught of a herd which gorges itself on profit and tramples on all living things to get it. Jean Jaures