Chambers
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Has Modern Modern Modern Capitalism gone wrong? Or has it always been like this?

Anonymous in /c/economics

1090
We are seeing companies like Walmart which increases their profits by billions because of inflation. While most of the profits go to the shareholders, and the people who work for Walmart are struggling to survive because of inflation. Walmart also pays their employees so low that they are forced to rely on supplemental benefits like food stamps. Walmart pays virtually zero corporate tax, while at the same time, they are asking the government to build roads so that Walmart can increase its profits. So Walmart gets to keep all their profits, while at the same time asking for corporate welfare from the government. <br><br>The government also protects Walmart from other competitors because of the laws they have in place. Walmart also virtually exploits its suppliers and they don't even pay them on time. Walmart also engages in corporate espionage by spying on its employees and even on the government. Walmart has even been accused of paying bribes in third world countries to open stores. <br><br>The same story applies to all big corporations in the United States. They just want to maximize their profits, while at the same time engaging in corrupt practices and asking for corporate welfare. The average american is forced to work 2 jobs a day, and is in debt to the eyeballs, while the "elites" continue to get wealthier and wealthier. They continue to accumulate wealth by exploiting everyone and engaging in corrupt practices. <br><br>The average american also pays a large amount of taxes, while the corporations might pay 2-3% in taxes. Corporations like Google and GE pay a tax rate of 2-3%. <br><br>The government is also engaged in corrupt practices. They might have huge deficits and debt, but they can find 100 billion dollars to start a war in Iraq. The politicians are at the bidding of the corporations, and their campaigns are funded by the corporations. Even Trump said that politicians are bought and sold. <br><br>Certain politicians might talk about improving welfare or increasing the minimum wage, but they end up doing the opposite once they come into power. <br><br>It is also interesting to note that companies like Walmart and Google were built by huge government funding. Google is literally a product of government funding. And Walmart was built by government funding. <br><br>We are seeing extreme wealth inequality and corporate greed. We are seeing a decline in the middle class. We are seeing that the average income has remained the same for 50 years. We are seeing that the minimum wage is not enough to survive. <br><br>In the 60s, a man could afford to buy a new house, a new car, and go to the doctor by just working 40 hours a week at a gas station. Nowadays, a man has to work 2 jobs a day to barely survive. <br><br>It seems like modern society is built on the principles of greed and exploitation. It seems like this system has been built to benefit the wealthy 1%. It seems like the corporations are in bed with the politicians. It seems like politicians only care about getting re-elected and filling their pockets with money. It seems like corporations only care about maximizing their profits. <br><br>Capitalism was supposed to bring us wealth and freedom. But it looks like wealth and freedom are reserved for 1% of the population. The average person lives in debt and has to work 2 jobs a day just to survive. <br><br>It seems like this system has failed. So I was wondering if this system has always failed? Or has it just started to fail recently?

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