Bull, your so-called abundance of competition in the current capitalist economy has managed to produce electronics and inferior consumer products that are more often than not, designed to fail, in order for people to continously buy and replace them, allowing them to jack up the price and create a false 'demand'. It has also led to the loss of local jobs through the use of cheap outsourcing. The Xbox 360, mp3 players, cars (VW's made in Mexico with faulty electronics?) are examples of all of these issues etc.Glademaster said:This lack of competition leads to a decrease in quality of goods and services. It also means they can charge what they please.
The food people can find in the super market is often of poor nutritional quality due to mass production (again, thanks to capitalism), with immense amounts of high fructose corn syrup and sodium additives, that are the root causes behind obesity and high blood pressure on this continent. Not to forget the devastation wrought by poor and inefficient agricultural methods on our planet, with nutritionally dead.
The oil spill damage in the gulf stands as a monument to capitalism's destructive efforts, forgoing safety and active recommendations to stop for just one more shiny dollar's worth of oil.
Capitalism in the 20th century may have encouraged a healthy enough economy due mostly to the wars of stupidity that helped fund it. But right now in the 21st century it is leading the way in damaging the planet, driving the human species into a ditch that will take over a century to get out of and repair. It segregates people into inequality and stagnates human ability and technological prowess, because of some half-bald magpies in suits that believe that their personal status and a bunch of green cotton toilet paper is more important than their own species and their one and only existing home.
I have no love for communism, but capitalism is just as bad if not worse.