Tuesday, March 19, 2013


Am I an anti-capitalist? This is a question I've been asked on several occasions, and not just by others, I also ask myself this same question. The truth is, I don't think it matters if I am or not, capitalism is the system we've got and for the time being it's here to stay. What I want to see is a more ethical, fairer capitalism. Maybe by the very nature of capitalism there will always be winners and losers, but there must be a way, probably through some sort of regulation agreed on a global scale, to increase the amount of winners and address the issue of inequality by reducing the wealth gap between the rich and the poor.

A multinational company that makes huge profits while their workers on the factory floor don't make a living wage, inhibiting them to adequately feed their families or send their children to school, is quite frankly, sickening. Capitalism seems to encourage some of humankind's less admirable qualities such as greed and selfishness, therefore, is it not common sense to try and restrain those who see no problem in profiting at other people's expense?

There are clearly some areas, for example, such as water, electric, gas and other essentials, that should NEVER be privatised in order to protect the public from unethical practices that can have a devastating effect on people's lives. Even in Britain we are seeing utility companies making record profits whilst continually increasing their prices, consequently pushing more and more families deeper into poverty. Mass privatisation of state-owned assets is always a mistake, as we have seen time and time again. But where and when the private sector is in control, and there are some good arguments as to why they should always play a massive role locally and globally, then there should always be safeguards in place that affords the public some protection from those who are more inclined to do business in a less scrupulous manner.   

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