THE PUBLIC EYE: Capitalism has Failed
In the seventies, I was privileged to hear the British economist E.F. Schumacher -- author of "Small is Beautiful: A study of economics as if people mattered" -- speak in Palo Alto. Schumacher observed that we were all living in the new age of dinosaurs, where our economy is ruled by giant corporations that roam the earth crushing everything in their path. Schumacher cautioned his audience to be prepared for the day when corporations collapsed. That's where we are now: giant corporations are beginning to disintegrate. Capitalism has failed and the end times have come for mega corporations. Donald Trump is a harbinger of the death throes of capitalism.
Even though the holidays are just around the corner, December 2019 has been unusually depressing. Every day we receive new warnings that the environment is in perilous straits (https://www.theguardian.com/
These aren't isolated events. Global Climate Change is the result of unfettered capitalism; corporations pillaging the planet. Social unrest is most often the result of economic injustice produced by the unequal distribution of income and capital that are the byproducts of the dominant economic system. And, as Robert Reich notes (https://www.theguardian.com/
Rather than dismiss Trump as a pathological politician, it's necessary to see him as the extreme symptom of unfettered capitalism. It's important to defeat Trump in 2020, but even more important to address cancerous capitalism that threatens the soul of democracy as well as the well-being of the planet.
There's a lot to say about Donald Trump, but we can begin by recognizing that he's the consummate capitalist. In all circumstances, Trump places his own interests above other ethical (and legal) considerations. (Donald favors the crony capitalism, corporate bailouts, and corporate welfare that characterize capitalism in 2019.) Trump is resolutely committed to the maxim: "the ends justify the means." (This explains his astonishing willingness to lie, as well as his predilection for self-dealing.) And Trump typifies the paternalism that permeates giant corporations.
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