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Financial Manipulation and Inequality Keep Rising

Capitalism Working as Intended

Many well-meaning people lament that our economic system is “not working.” But that isn’t true if we apply some historical context. What has capitalism wrought since its earliest days?

Capitalism is a totalizing system built on slavery, colonialism, imperialism, plunder, deeply uneven power relations and exploitation. It remains a system where “might makes right” is the “rule of law.” The “innocence” of early capitalism is a fantastical myth purporting the existence of an earlier, innocent capitalism not yet befouled by anti-social behavior and violence or by greed.

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Pete Dolack has been an activist with several groups, most recently Trade Justice New York Metro. He writes the Systemic Disorder blog and is the author of the books What Do We Need Bosses For?: Toward Economic Democracy and It’s Not Over: Learning From the Socialist Experiment.