The Evidence Keeps Pouring In: Capitalism Just Isn't Working
http://www.commondreams.org/views/2015/08/24/evidence-keeps-pouring-capitalism-just-isnt-working
To followers of Ayn Rand and Ronald Reagan, and to all the business people who despise government, 'community' is a form of 'communism.' Even taking the train is too communal for them. Americans have been led to believe that only individuals matter, that every person should fend for him/herself, that "winner-take-all" is the ultimate goal, and that the winners have no responsibility to others.
To the capitalist, everything is a potential market. Education, health care, even the right to water. But with every market failure it becomes more clear that basic human rights can't be bought and sold like cars and cell phones. The pursuit of profit, when essential needs are part of the product, means that not everyone will be able to pay the price. Some will be denied those essential needs.
Capitalism hasn't been able to control runaway global inequality. For every $1.00 owned by the world's richest 1% in 2011, they now own $1.27. They own almost half the world's wealth. Just 70 of them own as much as 3.5 billion people.
Capitalism has not been able -- or willing -- to control the "race to the bottom" caused by "free trade," as mid-level jobs continue to be transferred to low-wage countries.