Corinne Nita
1 min readNov 9, 2021

--

I understand why it isn't easy to understand my point of view, but let's try to discuss without emotion to learn from each other.

Economics is a social science, and capitalism has numerous applications (oligarchic, state, corporate, free-market, welfare capitalism, etc.).

In capitalist countries, governments protect property rights, capitalists own capital, and workers own labor. In most nations, governments uphold labor rights, but the US stripped many laws over the last 40 years (Reagan firing air traffic controllers) while financing banks and corporations.

Society must buy basic needs, and therefore we need jobs providing a livable wage, but capitalism encourages pursuing profits. Capitalists outsource manufacturing, suppress income, and seek efficiencies to lower input costs, and government policies support their business model.

How does the working class have the freedom to exercise their economic right? Do a lack of jobs and livable wages impact social norms? Does the pursuit of wealth as the foundation of nations' agenda impact culture and, therefore, society?

--

--

Corinne Nita
Corinne Nita

Written by Corinne Nita

We need the social with the science to call it economics.

No responses yet