A Market Economy

One characteristic of living in a market economy is that almost all businesses are trying to get you to spend money any way they can. This leads to deceit and dishonesty in most all business transactions. This is why we have contracts, civil courts, and legal rights. Unfortunately, in time all your social relationships become reduced to primarily monetary transactions. Additionally, you must constantly monitor these interactions to make sure your are not being cheated, or fooled, because it is in the other businesses best interest to fool you and take your money any way then can get away with it. In time, a market economy destroys most all personal relationships and interpersonal connections because it encourages dishonesty and cheating.

For example: Detroit was once one of the wealthiest cities in the USA.  Today 75% of the single family homes are abandoned or destroyed.  Three quarters of the entire population of Detroit had their lives destroyed by the economy.  Nobody leaves a mortgage, or abandons a house, unless they are absolutely broke and "leaving in the middle of the night."  This is the legacy of capitalism: the total destruction of the entire lives of 75% of the population.

Of course, the one percent of the population that owned stock in the auto manufactures that left Detroit, made a profit from their business transactions.  This is also typical of a market economy, "money becomes increasingly concentrated in the hands of the few."

"Prepare for doom."

copyright (c) 2017

William Schaeffer