Having a capitalistic system is a great thing, but only if people don’t abuse it. Much like guns, money can be dangerous when it falls into the wrong hands. Abuse of our capitalistic system is the biggest weapon in bringing it down. The two most common ways this can happen are as follows.
There are those people who talk like they know more about money than they really do. I can sometimes spot out people like this by certain habits, such as excessive spending on things they don’t need but get because they want to impress others generically, talking of “taxing the rich” without saying why, or wanting to do away with the stock and finance system without understanding how it works. They like to say “money is money”, but its not always that simple. Some call themselves “financial experts” out of ego, and that’s when they can be at their worst.
Then there are those people who are so greedy that they are just swallowing up capital for the sake of playing “keep away” from others. We can spot out those people because they are the ones who have more money than they know that do with. Thus, a big portion of that capital is either never used and/or used in a weaponizing manner, such as destruction or malice.
In business and politics, there are way too many dealings, including “dark money” that should be illegal but unfortunately are not. This is an abuse of the failure on the capitalistic system that needs to be regulated in this way. Regulating capitalism is not regulating freedom. A person should be able to make as much money as he or she chooses. However, it would be smarter to come up with a system that scrutinizes any person for any excess wealth. We have a system of anti-trust laws for companies. We should have the same anti-trust laws for individuals. This way, money can be more accessible to anyone who works for it. Our system of capitalism is in jeopardy because the two things I always talk about: greed and laziness.
While the stock market can be workable, we should eliminate and outlaw hedge-funds. It would not hurt to limit the industry of complex trading, and restrict how someone can make money solely off of making money, no matter how sophisticated they may feel it is. If we do this, we can further give alleviate all reasons for socialists to “redistribute the wealth”.
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