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Financial Manipulation and Inequality Keep Rising

June 26, 2022

Capitalism Working as Intended

by Pete Dolack

Many well-meaning people lament that our economic system is “not working.” But that isn’t true if we apply some historical context. What has c…

June 26, 2022

Capitalism Working as Intended

by Pete Dolack

Many well-meaning people lament that our economic system is “not working.” But that isn’t true if we apply some historical context. What has capitalism wrought since its earliest days?

Capitalism is a totalizing system built on slavery, colonialism, imperialism, plunder, deeply uneven power relations and exploitation. It remains a system where “might makes right” is the “rule of law.” The “innocence” of early capitalism is a fantastical myth purporting the existence of an earlier, innocent capitalism not yet befouled by anti-social behavior and violence or by greed.

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This content originally appeared on CounterPunch.org and was authored by Pete Dolack.


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