Capitalism isn’t democracy

14 Feb

This is why I have never been drawn to the Right, despite the many failings in the Left – which at times has seen my vote Green. However, I cannot remember a time, after 50 years of following politics, when democracy in Australia, even in the free world, has been more at risk by corporations. We are at the point end of capitalism where fewer have more power over the greatest number of people. If we go down the path of TPPs, which Abbott seems keen to do, we will lose really lose sovereignty. TPPs allow any company or government of a country to be taken to a secret court, offshore, and where the outcome is not only secret, but penalties are paid to an offshore corporation, and even all logos, business tradition, even language is up for grabs. By attacking the unions, something conservatives are inclined to do, but never with such vehemence as now, say goodbye to any protections to conditions, minimum wages, even O&HS. Anything which will ‘risk’ or ‘minimise’ corporate power and profit will be wiped out. Is this truly the Australia, the World you want or will accept living in? Even Americans and US companies are against TPPs. If we allow the multi-nationals to have all the power, yes, ALL the power, we will be little more than cogs in their machine, easily replaced if we run even a little out of synch. This is a very serious issue and we are being told little to nothing about it. Don’t sit by and let it happen.

The Australian Independent Media Network

tax

Capitalism is an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations.

Democracy is government by the people; a form of government in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system.

In our current political climate, these systems have become incompatible.   When governments put the interest of private corporations first they can no longer adequately protect the rights of ordinary citizens or the interests of future generations and the environment.

Political institutions function in a world in which power is linked to property.  Economic power can affect democracy, but the masses cannot infiltrate the bastions of capitalism. The wealthy have been able to buy power and distort democracy to suit their agenda where the interests…

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