Actually Existing Capitalism: Wrecking Societies for the Benefit of Big Capital and the Super-Rich

Thursday, 12 December 2013 00:00  
By CJ Polychroniou, Truthout | Op-Ed 

The evidence suggests that capitalism has become wholly predatory and has given up all pretense of being "socially responsible."

Are all of the socioeconomic issues confronting Europe and the United States - recession or stagnant growth, skyrocketing unemployment, lowered prospects for new job creation, a demand shortage, a widening gap between the haves and have-nots, social malaise - merely consequences of the financial crisis of 2007-08?

A strong case can be made that what we have been witnessing since then is not simply a severe financial crisis centered in the developed world but the fact that today's capitalism is simply incapable of functioning in an economic way conducive to maintaining sustainable and balanced growth.