I was watching an RSA Animate called "Crisis of Capitalism" (http://www.youtube.com/watch?v=qOP2V_np2c0&feature=share&list=PL39BF9545D740ECFF) when I was struck by the profundity of the idea that capitalism is obsolete as an overriding policy (though it certainly still has localized applications).
To reach this conclusion, we need only look at one of the most ubiquitous phrases in economics: "supply and demand." The fundamental, underlying principle of supply and demand was, for a very long time (read: thousands and thousands of years), the needs of the individual (food, shelter, etc) and the idea that there were a limited amount of resources to go around. "Some people aren't going to get enough, so I better secure my own, and hey, while I'm at it, if I can control MORE than I need, then I can exercise influence over others too."
Of course this has begun to change dramatically and rapidly in developed nations in the past several hundred years, with things reaching a fever pitch in 2008 with the ultimate example of artificial demand gone wrong: the mortgage crisis.
The reality is, as a species, we are drastically outproducing our needs. In a world where the question isn't "where do we find food" but "how do we get the food from the farm in Georgia to the hungry kids in Africa," suddenly land ownership doesn't mean much. The metaphor here is that financiers (i.e. the original "owners" of the resources needed to produce) are no longer the ones who should be receiving primary compensation. The workers who produce, package, and transport the goods are the most integral part of the system, and deserve compensation as such.
Now, I'm not suggesting that capital investment be devalued completely, simply that the balance is wrong, and it's being maintained by a ruling class that has a vested interest in maintaining this fallacy of supply and demand.
So the only question becomes, how do we go about enacting this change on a global level in our lifetimes? I don't expect it to happen next year or next decade, but I want to see the world reach a place in my lifetime where everyone has the bare minimum, and those who work reap rewards commensurate to the labor invested.
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