The Top Ten Reasons I Hate Capitalism:Yes, it is easy to dislike some of the wealthy in our supposedly capitalist nation. And the easy response is that the United States is not a purely capitalist nation, certainly not as Adam Smith envisioned capitalism and not in the sense that the Austrian economists believed in and promoted either a minimally-regulated free market or pure laissez-faire model. But, trying yet again to explain why the U.S. is not a free market isn't an actual response to this list of complaints.
10: Kim Kardashian
9: Vast economic inequality destroys democracy
8: Survival of the fittest (I'm definitely not among the fittest)
7: Donald Trump
6: The Attitude of the Fittest toward the Unfit
5: Reality TV
3: Mark Zuckerberg
2: It appeals to the worst aspects of human nature
And the #1 reason I hate capitalism: I am not Bill Gates!
Perhaps that's what it comes down to. That's what the conservatives and defenders of Capitalism would have us believe.
Or perhaps there is just something inherently unfair and unjust about it.
Celebrity: There are favored celebrities in all systems, because human nature seems to include treating "stars" differently. Whether it is China, the old Soviet Union, France, or Northern Europe, there are celebrities that seem to be indulged in various ways. In the U.S. we know that stardom does affect legal cases, medical care, and more. Sure, the random star is convicted of crimes from drug possession to murder (yep, it happens), but we also know that celebs get away with a lot. Having friends from China, Russia, and many other nations, I can report that there are indulged (spoiled) celebrities everywhere. The sense of entitlement knows no political or economic bounds. However, the U.S. equating wealth with celebrity is sad and leads to particular issues. (This is also a problem in Italy and Greece, I've learned from friends living in those nations, where the wealthy openly avoid taxes and commit crimes.)
Inequality "Destroys" Democracy: Economic inequality might be to blame for some problems in our nation, but other nations are suffering an even faster decline in respect for politicians and democracy. By definition, democracy is based on the "free market of ideas" and the ideal (often nothing more than an ideal) that the collective is wiser than one person. That's crowdsourcing at its most extreme, I suppose. Looking back through the presidents of the United States, we should admit that democracy leads to some odd choices. Porn stars and comics are winning elections in Europe, and nationalist parties are rising, too. Sadly, we have extreme racially biased nationalists winning parliamentary seats throughout Europe.
A good source on public views in Europe:The French, in particular, have little faith in their leaders, democracy, socialism, capitalism, or anything else. Maybe that's realistic. Clearly, people just lose faith, period, in large governments to do the "right" things. Of course, we also all differ on what is "right" for governments.
French Lose Faith in LeadersSurvival of the Fittest: Again, not a capitalist problem. Nations like the old Soviet Union and Revolutionary China segregated the "fit" from the "unfit" in the worst of ways. Socialism and Progressivism in the United States have a history of embracing eugenics at their worst and "meritocratic" segregation at their best. Even today, the European and Asian nations segregate students based on tests. That's actual "survival of the fittest" by promoting the best in various fields, not based on desire or passion for something but instead based on quantitative metrics that might benefit the society. You might love engineering, but a mediocre math ability won't permit you to pursue that dream in many nations. In the United States, passion can lead to a career choice.
Europe's Socialists Suffering Even in Downturn
The Attitude of the Fittest toward the Unfit: Again, that's extreme in some nations and regions that are culturally dissimilar to the United States. Some cultures that are far from capitalist and even further from democracies have extreme views on what constitutes "fitness" in their communities. Every culture values some traits and discriminates against others. Sad, but true.
Reality TV: It was called the Coliseum. The Circus Maximus. What's changed? Nothing…
Walmart: Every nation seems to have at least one huge economic power/threat. In Norway, Denmark, and the Netherlands, the nationally owned (socialist) North Sea oil companies seem to get away with quite a bit. Wealth, or being the source of wealth, lets any organization (nationalized or not) get away with too much. In Russia and China, the power companies have ruined natural resources — with little or no ability of the public to fight horrific destruction of places and ways of life. In Venezuela, the nationalized oil industry is at least as bad as any capitalist corporations. And people forget that British Petroleum (BP), while privatized, remains a largely a pension-owned company. Companies with bad leadership and no morals are what they are. I believe that size leads to managers (corporate or civil service) not taking responsibility for the consequences of choices. The Three Gorges Dam? Chernobyl? Not good things, and not "capitalist" creations.
Capitalism Appeals to the Worst of Human Nature: No, humans stink in every system. Sorry, but history's tyrants have not been capitalists, they've been egomaniacal monsters. I don't blame communism, socialism, mercantilism, or any economic/political system for Hitler, Stalin, Lenin, Mussolini, Mao, the Kim dynasty, Pol Pot, Pinochet, or any other monsters in human history. Dictators rise to power in every system: Hitler rose in a social democracy; the French coup d'état of 1851 was a response to democracy not "succeeding" fast enough (Prince Louis-Napoléon Bonaparte appealed to "equality" of course).
Envy? I can't argue that the United States' crony-capitalism and its marketing-based demand system (which, again, is not the capitalism of Smith) works and thrives by encouraging envy. We are encouraged to want things and to envy those with more and better things. Consumerism is not capitalism, but it is a form of capitalism and does depend on a market economy. Curiously, China is trying to create consumerism to foster a less export-dependent economy. Buy, buy, buy, even if you do not need. That's a problem, and one the culture of the United States helped create and promote.
When any society forgets basic decency, it should collapse. But, we already know that some horrible nations have survived for decades, even centuries, by pillaging and plundering both the people and the resources of this planet.