Forget the Wall Street Protesters: Why We Should Hate "Capitalism"

By:  Selwyn Duke
10/17/2011
       
Forget the Wall Street Protesters: Why We Should Hate "Capitalism"

Okay, you can lift your lower jaw off the floor. I haven’t joined the dark side: My problem isn’t economic but lexical. I do hate capitalism — the term.

As you know, in the eyes of many, “capitalism” has become both a four-letter word and the target of such. For example, New York Magazine questioned a group of Wall Street protesters on October 2 and found that 37 percent believed capitalism was “inherently immoral.” If you find this unremarkable for Woodstock-meets-Wall Street rabble, consider a 2009 Rasmussen poll showing that “only 53% of American adults believe capitalism is better than socialism.” Yes, our schools have done their job magnificently. Unfortunately, it’s a job that doesn’t exactly align with the interests of America.

Yet the problem isn’t entirely substance — it’s also style. Proving that there really is something in a word, another 2009 Rasmussen poll found that “just 35% of American voters believe that a free market economy is the same as a capitalist economy.” What this indicates is that if Americans were asked if a “free market’ were better than socialism, more than 53 percent would say yes. Clearly, “capitalism” needs a good marketing team and a rebranding.

Of course, it isn’t surprising that the word would be an albatross around the neck of what it describes. It was popularized by a good marketing team — one comprising sworn enemies of the Natural Economy.

Okay, you can lift your lower jaw off the floor. I haven’t joined the dark side: My problem isn’t economic but lexical. I do hate capitalism — the term.

As you know, in the eyes of many, “capitalism” has become both a four-letter word and the target of such. For example, New York Magazine questioned a group of Wall Street protesters on October 2 and found that 37 percent believed capitalism was “inherently immoral.” If you find this unremarkable for Woodstock-meets-Wall Street rabble, consider a 2009 Rasmussen poll showing that “only 53% of American adults believe capitalism is better than socialism.” Yes, our schools have done their job magnificently. Unfortunately, it’s a job that doesn’t exactly align with the interests of America.

Yet the problem isn’t entirely substance — it’s also style. Proving that there really is something in a word, another 2009 Rasmussen poll found that “just 35% of American voters believe that a free market economy is the same as a capitalist economy.” What this indicates is that if Americans were asked if a “free market’ were better than socialism, more than 53 percent would say yes. Clearly, “capitalism” needs a good marketing team and a rebranding.

Of course, it isn’t surprising that the word would be an albatross around the neck of what it describes. It was popularized by a good marketing team — one comprising sworn enemies of the Natural Economy.

Click here to read the entire article.

The JBS Weekly Member Update offers activism tips, new educational tools, upcoming events, and JBS perspective. Every Monday this e-newsletter will keep you informed on current action projects and offer insight into news events you won't hear from the mainstream media.
JBS Facebook JBS Twitter JBS YouTube JBS RSS Feed