Socialism: 1
Capitalism: -$700,000,000,000

It all ends where it started: hydraulic despotism

a term for despotic rule supported by control of a single, necessary resource

Hydraulic despotism is perhaps the single most important and, as we’re seeing, fatal flaw of Capitalism. Despotism is is a gathering of too much power surrounding a single agency, be it personal, corporate or resource-based.

Capitalism is a fertile breeding ground for despotism. How can we verify this? Look at where regulations have cropped up. Before you do that, though, remember the difference between regulation and Law. Regulation is necessarily past-minded, its raison d’être being simply to produce outcomes that would not have otherwise occurred.

Example: The utilities were raping their customers when they had a free hand. While they were doing such, electricity, gas, water service were necessary staples of living. Given that each utility had effective monopolies over areas, their customers were essentially prisoners. So the government steps in and regulates the utilities. The result? An outcome that never would have happened unregulated: energy bills that are largely affordable, with several programs to aid poorer households.

The lack of regulation and the Puff-the-Magic-Dragon notion of having created F&F the way they did—and without anywhere near enough regulation—is what brought us to this.

Regulations! the Conservatives will cry out, Regulations! They’re socialist! They cramp the style of “free” (don’t get me started) markets!

So what the fuck do you call $700B in handout-bailouts?

We’re a Socialist Nation. Period.

And we’re a flawed one, because the Socialist Government of the United States is only helping out large corporations and justifying it with suspiciously trickle-down “logic”.

Every last feeling I have on politics and business follows the one statement that sits at the base of everything I believe in this arena: Businesses ARE NOT People!

All these localities “bidding” for corporations to bring jobs to their areas by giving these businesses tax breaks? How the fuck did that ever pass? Do the math, chil’ren: a locality hands out an enormous tax break, which likely doesn’t include a guarantee that wages for new jobs will be at any premium at all. So people get jobs, but who is going to pay for those tax breaks handed to the corporation? People are. So the entire community is paying for those new jobs, the corporation is earning its money, is making even more profit by the way, and is taking those profits out-of-area. To sum that up: the entire community is funding the new jobs, and the corporation does nothing but make even more money.

Most people—renters or homeowners—understand the difference between paying into a house and gaining equity versus dumping money into a lease and never seeing any of it back.

Localities are only renting the corporation. The corporation, on the other hand, has been handed an asset.

Do the math for yourself.

The takeaway here? The United States of America is a Socialist Country.