Has Capitalism Gone Too Far?

ImageWhen the poorest in our society can no longer afford to heat their homes, while energy companies make large profits…

When big businesses seize all opportunities and charge high prices to consumers, in order to make money for shareholders…

When even politicians are so worried about upsetting multinational companies that they fail to take the action needed to protect the lives of their constituents…

Has capitalism gone too far?

Economy out of balance

House prices are beginning to boom again – at least in the south – which means more southerners are likely to look further north for ‘bargains’ and the wave will begin to sweep across the country again, putting properties even further out of the income-reach of many northerners.

Since privatisation energy prices have soared, and continue to rise each year as soon as the cold weather begins, leaving more and more of the poorest people shivering and frightened to turn on their heating – risking hypothermia.

High energy costs, together with other overheads mean food prices have continued to rise dramatically throughout the economic crisis of the last few years.

The cost of petrol/ diesel, which goes up fast but never drops back to the same level, affects everything that needs to be delivered to shops, and businesses that need to travel to their customers.

At the same time, government policies limit income and there are far more people either unemployed or underemployed. Household incomes have plummeted for many families over the same period as prices have rapidly increased.

The politicians of the Labour Party like to take about the ‘squeezed middle,’ but what about those at the bottom? Who represents the working class, and those who cannot even find work, these days? And for how many people was the bedroom tax the last straw?

Take this all together and add in tax cuts for the rich, benefit cuts for the poor and it is clear that there is something going drastically wrong with the economic balance in our society.

The economic indicators all show the gap between rich and poor is wider that it has been for well over a hundred years, and the north-south divide is also widening. We are supposed to be an advanced, civilised society, so why is this being allowed to happen?

Wages

Minimum wage was supposed to stop employers from paying slave wages and give employees a decent income, with which to pay their household bills, etc. But it doesn’t seem to have kept up with the cost of living, and as usual, big business felt they had to find a way around the increase in their wage bill, this time they found it by adopting zero-hours contracts.

When working tax credit was introduced to top up low wages, big business simply paid the majority of their wages minimum wage, knowing it would be topped up by the state where necessary.

The introduction of flexible working was supposed to allow employees to work around family commitments, transport problems, etc. Instead, employers use it to try and keep their employees at their beck and call, to phone them at short notice and expect them to abandon all other responsibilities and jump to their ‘master’s’ voice.

Whenever a move is made to protect/ improve the lives of workers and give them a better work/ life balance, many employers seem hell-bent on twisting the legislation and turning it back on the employees in ways that actually make their lives worse.

Big business is so keen to profit, but many of them are also keen to avoid paying tax.

Energy

There are ways of cutting energy costs to homes, but at present only those with spare money, or access to borrow, can afford to take advantage of these ways, whether it be soar panels, a small wind generator in the garden, heat-exchangers, passive homes.

What kind of society are we that those with money have access to cheaper energy – and can even be paid for producing it – while the poorest pay the higher prices on ever-decreasing incomes?

When wind-power was first developed, I remember reading about a man in Scotland who had produced a small wind-power generator which could be fixed to a rooftop, similar to a TV aerial. He envisaged that we could all have one of these on our houses and generate at least part of our own electricity, to bring down costs. He couldn’t find anyone to back him to go into full production. Why? Because big business was already seeing pound signs in the development of the technology. They began to push to build swathes of the biggest possible ‘windmills’ to make profits for their shareholders and the still become angry and upset when campaign groups fight them over these plans. Surely, a small windmill on every rooftop would be less obtrusive? But of course, big business cannot allow the little man and woman to deny them profit.

Pyramid_of_Capitalist_System

Food

What kind of society are we, when even working people are having to resort to using food banks to enable them to eat? How many more are going hungry rather than be seen to be so desperate? (And how many more are simply getting deeper and deeper into debt rather than use this last resort?) It’s obvious, if people can’t eat properly, they can’t work properly. They can’t function to solve the problems that are daily being thrust upon them. They become run down, exhausted, malnourished, ill. What kind of workforce will they be then?

Health

The more pressure that is put onto the already overstretched poor to pay higher prices/ find non-existent jobs, etc., the more their health is likely to suffer – especially in the long-term. Hypothermia, malnutrition, stress-related illnesses or even worse. This is turn, puts more pressure on the already over-burdened NHS – another national institution threatened with creeping privatisation. It could even be argued that big business, with its determination for power, and greed for more and more profits for shareholders, is gradually killing our citizens!

Even those who work for these businesses are not exempt, as employees are driven by ever-increasing targets – pressure again.

Time for debate

What’s the alternative? I’m afraid I don’t have any answers, but perhaps it’s time we all began to think about what kind of society we want to live in, in the future and come up with a new theory.

The runaway train of big business seems to be travelling faster and faster – is it out of control? How do we stop it, or at least slow it down? Is it going to take a big disaster?

Before the gap between rich and poor, south and north widens any further, it’s time we began to debate how to stop the trend and make society fairer to those at the bottom. They are running, like hamsters on a wheel, faster and faster, but still slipping further and further behind, in and effort to simply survive. Otherwise we may be returning to a time when the poor are forced to live on the streets – or in self-built shanty towns, and beg for handouts from passers-by.

A home, heat, food, health, are all basic human rights. European legislation is in place to protect us from extremes at the moment, but the Conservatives want to opt out of it. Those considering voting for UKIP should also be aware of this. I’m no great fan of the European Union, but without support from them a ruthless right-wing government coupled with big business could quite easily push us back into something like a feudal society. All in the name of profit.

What do you think?

1 thought on “Has Capitalism Gone Too Far?

  1. We need / want ,the left to provide a spearhead alternative .It is the youth that will lead us out of oppressive system .How can the human race progress in this greed for the few world .Elected govermment only represent the rich and powerful ,while there only feeling for rest of us is utter disdian

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