Capitalism's hidden feudal caste system

Aug 2018
250
73
USA
In the days of feudalism and monarchy, you could inherit land and power if you were born into nobility, and be forced to serve the nobility and be subject to them if you are not a noble.
In capitalism you can inherit wealth, which means you can buy your way into power and buy up all the land and resources. What has really changed? Not much.
We are still living under a well disguised feudal caste system. Only Socialism can save you from being a slave and a peasant.
 
Jan 2015
3,506
2,227
MD
Well yea Donald Trump is a perfect example:

1. Has never worked a day in his life and inherited his fortune from his father

2. Is now the president of the US
 
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May 2019
337
47
Oklahoma
In the days of feudalism and monarchy, you could inherit land and power if you were born into nobility, and be forced to serve the nobility and be subject to them if you are not a noble.
In capitalism you can inherit wealth, which means you can buy your way into power and buy up all the land and resources. What has really changed? Not much.
We are still living under a well disguised feudal caste system. Only Socialism can save you from being a slave and a peasant.
I'm sitting here in my nice home, make good money, have a 70" television, and have a cellphone. What the heck are you jabbering on about?

In true Socialism, the only way to get anyone to do any job is by forcing them to.
 
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Aug 2018
250
73
USA
I'm sitting here in my nice home, make good money, have a 70" television, and have a cellphone. What the heck are you jabbering on about?

In true Socialism, the only way to get anyone to do any job is by forcing them to.
Good for you buddy, I am glad to hear you have it pretty good thanks to what you inherited and/or were given by serving the establishment and/or attained by exploiting people's labour.

As for the latter statement I have proven millions of times that you don't even know what socialism is so kiss my goddamn ass.
 
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Jul 2014
15,263
9,364
massachusetts
When the after tax rate of return on investment is less than the rate of GDP growth, the distribution of wealth becomes less skewed over time, less concentrated.
This was the case from 1930 to 1980.
A period of strong growth.

When the after tax rate of return on investment is greater than the rate of GDP growth, wealth becomes more concentrated, growth slows.
This has been the case since 1981, as a result of the Reagan tax cuts.
 
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Dec 2016
5,716
2,893
Canada
In the days of feudalism and monarchy, you could inherit land and power if you were born into nobility, and be forced to serve the nobility and be subject to them if you are not a noble.
In capitalism you can inherit wealth, which means you can buy your way into power and buy up all the land and resources. What has really changed? Not much.
We are still living under a well disguised feudal caste system. Only Socialism can save you from being a slave and a peasant.
The big difference between feudalism and capitalism is that feudalism never had any pretenses to meritocracy like capitalism has tried to convince people of with the rags to riches stories...that are becoming fewer and fewer as the years go by now. The old feudal lords promised security to the peasants living on their land in return for a share of their harvests and produce.

I've come back to socialism in some form in my later years because I don't see how an honest approach to looming ecological calamity, resource scarcities and growing risks of nuclear-armed nations fighting to control remaining resources, can be worked out peacefully and survivably for the human race without enough people realizing Mother Earth is not a candy store who provides unlimited goodies for all!

A full assessment has to be made soon of what the planetary resources that we have already been overshooting, are left, and then we have to live within those hard limits...which may spring back and increase a little more in the future after we've stopped the degradation of soils, forests, groundwater resources, stopped carbonizing and killing the oceans etc.. At least renewable resources can recover and replenish supplies. Non-renewable resources that have been extracted at ever-increasing rates in the past 200 years of 'industrial revolution' are another matter entirely! What to do after already short in supply NNR's have dwindled to the point where continued mining is no longer feasible means a trip back to the stone age for the lucky few who survive under the present regime of unbridled extraction and exploitation!
 
Dec 2018
3,941
1,128
New England
Well yea Donald Trump is a perfect example:

1. Has never worked a day in his life and inherited his fortune from his father

2. Is now the president of the US
Yes, but for every rich man like Trump we've got Presidents like Jackson, Lincoln, Truman, Johnson, Nixon, Clinton, and Obama.

Inherited wealth in the right hands is certainly no drag, but it is not a prerequisite to succeed in a democracy and certainly not in a market economy.
 
Dec 2018
1,988
1,191
Unionville Indiana
Where has this ever been true?
If you consider tax payer funded government assistance (redistribution of wealth) on a grand scale to be socialism, the GI Bill of 1944 would qualify:

The Servicemen's Readjustment Act of 1944, also known as the G.I. Bill, was a law that provided a range of benefits for returning World War II veterans (commonly referred to as G.I.s). It was designed by the American Legion, who helped to push it through Congress by mobilizing its chapters (along with the Veterans of Foreign Wars); the goal was to provide immediate rewards for practically all World War II veterans.

G.I. Bill - Wikipedia

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Don't get me wrong, I'm all for free market capitalism too as long as it's vigorously regulated by the anti trust laws and the applicable fraud statutes.
 
Dec 2015
17,920
17,020
Arizona
Where has this ever been true?
What an interesting question and it sounds absolutely sincere! But why should I be surprised considering that over the last 80 years, everything from the polio vaccine to the interstate highway system to the Civil Rights Act has been labeled “socialism” by the GOP? The word socialism has been used to terrorize Americans. Better education, healthcare and social service provisions for the general population? What a nightmare! Improving the lives of lower and middle-class Americans who have been left behind---a travesty?
The logic is so distorted it's hard to unravel. Is it really a bridge too far to imagine that stronger, healthier, more educated Americans make a stronger America? Does it really make sense to keep asserting that only a lucky FEW should benefit from capitalism without social programs and public education? How does this strengthen our military? Our lawmakers? Our decision-making process? Our health and safety?
Where has this ever been true? Maybe you should be asking where/when has this NOT been true?