CAPITALISM, REGULATED and RUN AMOK

Back in February, a college sophomore called Trevor Hill stood up during a televised town hall meeting in New York and put a simple question to the House minority leader, Nancy Pelosi.

Citing a study by Harvard University that showed that 51% of Americans between the ages of 18 and 29 no longer support capitalism, Hill asked if the Democratic party would contemplate moving farther left and offering something distinctly different to dominant rightwing economics? Pelosi, visibly taken aback, said: “I thank you for your question,” she said, “but I’m sorry to say we’re capitalists, and that’s just the way it is.”

The problem with Capitalism, as a form of government, is that it exists to increase the power of capital, of money return on investments, and often at the expense of the population that enables capitalism and its partner corporatism.

In other words, capitalism works for the betterment of corporations, not for the betterment of the people.