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Sunday, November 13, 2022

Editorial: Capitalism and Western Governments have a credibility problem

Mark Reinhardt- Boise Idaho The two beacons of Capitalism, the United Kingdom and the United States have used force to serve the interests of the wealthy in other parts of the world. Whether through Military force, or through theft of natural resources, Capitalism and Western Governments have a credibility problem when it comes to the claim that interactions are done through voluntary consent. There is also the issue of Fraud and the enforcement of laws on the books to punish bad behavior. This is largely an issue of allowing corporations to become so powerful they can capture regulatory system to do the bidding of their interests. There was enough evidence reported by news outlets of Fraud by Big Banks in Capitalist countries, however governments declined to prosecute. Instead, bailouts are given to favored industries in return for political favors. When vulnerable communities are impacted by the malfeasance of corporate practices around the world and here at home. The impact remains loss of liberty in the case of an attorney who sued Chevron. The destruction of entire towns due to poor environmental practices by the production of toxic resources. Eventually, the world is going to transition from Capitalism to something else entirely. What that looks like will be up to the people to decide.

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