We have had a failure of gatekeepers relied on to make sure that corporations would be operated with honesty, integrity, and in the interests of their owners. Independent auditors became business partners of management. Government regulations were relaxed, and elected officials aid and abet the malfeasance. The elected representatives of the owners, Boards of Director look on with benign neglect.
David A. Love: Capitalism Is Killing Us
*Bolded mineIn the U.S., workers die on exploding oil rigs and in deathtrap coalmines because their regulation-hating employers want to maximize profits. And besides, they say, regulations are dumb. Consumers die from unsafe food because food companies want to cut corners. Just like the Great Depression days when people lacked a safety net, the unemployed, foreclosed and student debtor-prisoners of today are turning to suicide at an alarming rate, with an increase of calls to suicide prevention hotlines.
The jobless take their own lives at a rate two to three times higher than the general population. That could be a scary proposition in a nation that sanctions the corporate-sponsored proliferation of firearms. Meanwhile, all of this happens in a country where the chronically unemployed number as many as they ever did, yet the jobless are characterized by conservatives as lazy drug abusers that would rather have a welfare check than go to work. Let them work at McDonald's, as Glenn Beck would say.
In the face of predatory capitalism, totalitarian and other repressive regimes do not have to justify their oppressive policies to their public, and all dissidents face the barrel of a gun. But in the U.S.--which touts itself as the land of opportunity, yet ranks at the bottom of advanced nations in upward economic mobility--years of corporation-friendly policies have gutted the American middle class. The economy was transformed into a casino with no holds barred, and compulsive gamblers threw away the lives of hardworking Americans.
Further if you think that capitalism has increased your wealth you should watch this.. and pay close attention. Particularly about household incomes and personal debt.