CAPITALISM'S CHILD IS GREED

Adolphus A. Ward on:
CAPITALISM'S NATURAL CHILD IS GREED
Capitalism's feeds its child before any other

By placing the unfettered controls of our natural, financial, scientific, and human resource in the hands of capitalist is to ensure an inequitable distribution of the benefits that flow from the exploitation of those resources. Left without controls privatization will corrupt itself. Privatization also increases the probability of our economy being exploited by foreign and destructive interest. A global market is not necessarily a friendly place.
We proceed in our daily economic activity as though greed has a conscious. It doesn't. It will eat not just to fill itself but to consume all. Greed will use whatever means necessary to continue its gorging and will fight and even destroy anyone and anything that gets in its way. The disparity between the Haves and Have-nots in this country and indeed the world will continue to increase unless enforceable regulatory controls are in place. Because fewer numbers of Haves control more resource they will take an inequitable share of benefit from the exploitation of those resources. Short of an overthrow of our economic system by revolution or that in collaboration with some outside force only our government has the power to stop the gorging child of capitalism as it grows into an obese adult. Privatizations tend to concentrate wealth not distribute it.
Is the point of this essay to say that government should nationalize the economic processes of this great country? No! I have benefited greatly by the freedom afforded me in our free market system. I was able to earn a good education. I've had the benefit of good jobs to provide for my family. I made the choices as to which path of progress my life would take without relying on some government bureaucrat telling me what I must do. I have owned a home and have enjoyed vacations to other parts of our beautiful country and the world.
It is the point of this essay to say that greed will trump the very ideals this country was founded upon. It would be good for all of us to remember that the ideals set in the foundation of our democracy are yet to be realized; those ideals are still in a developmental stage: it's as if those ideals are still young and vulnerable to the turbulence of economic, social, and political storms. This democracy could be washed from the pages of history just as so many civilizations before us. It is up to our collective selves to ensure the future of our children and indeed the human species. I know of no better way to do that than putting in place enforceable regulations that govern economic behavior which threatens the equitable distribution of the wealth generated by all wealth producing areas of our economy.

Adolphus A. Ward