Simply put, capitalism is the buying and selling of someone else’s business, whether it’s the looting of companies by the Leveraged Buyout Specialists at Bain Capital, or the monopolization of a particular commodity by the likes of Enron. A capitalist by definition does not create, does not produce, and does not contribute to anything but his or her own bottom line.
Capitalism is about the use of capital to one’s own advantage while taking what other people have produced, and nothing else. It’s not about workers vs. employers except that capitalism demands the exploitation of workers because there’s profit to be had there. That's not different from the profits made in war or any natural disaster when capitalists are allowed to take advantage of the situation.
On Monday, August 6, 1945, after six months of intense firebombing of 67 other Japanese cities,...
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