Alexandria Ocasio-Cortez this week has insinuated that America needs to be rid of capitalism, and adopt an entirely new economic system.
“Capitalism at its core, what we’re talking about when we talk about that, is the absolute pursuit of profit at all human, environmental, and social cost. That is what we’re really discussing.” The New York Democrat.
Immediately some alarm bells go off. The Representative apparently does not actually understand what capitalism is in the first place. Business owners cannot pursue profit without adhering to humanitarian, environmental, and social standards.
With certainty, we’ve all heard the term “PR nightmare”. But what is a public relations nightmare? Well, it’s a public uproar against a business or organization when the entity in question does not meet the standards of society. Perhaps caused by a revelation that oil was being dumped into a river, or that workers are abused. The scandal can obviously be caused by something less severe and not illegal, and would only be stacked on top of any potential legal consequences.
It is truly mind-boggling that an individual who devoutly opposes the system that rests at the very core of America is allowed to serve in congress and make legislative decisions.
Capitalism is the only system that allows individual rights to thrive. More distance from capitalism will undoubtedly result in more government authority.
“They can control massive markets that they dictate and can capture governments. And they can essentially have power over the many. And to me that is not a redeemable system for us to be able to participate in for the prosperity and peace for the vast majority of people.” AOC said.
The workers ultimately will always control not only the markets but their wages. Workers, if wages are unfair will not work for certain companies, forcing wages up. This is the same reason that prices are forced down, if consumers, also known as workers are not willing to pay them.
Markets will never surpass governments, especially in a country like America where monopoly companies only thrive through government subsidies that are oftentimes not only anti-competition but anti-capitalist.