Capitalism - Good or Bad?

1043 words 5 pages
Dorothy Greene once said, “What the American people do not know can kill them”. Not in all cases physically, not emotionally, or spiritually. In the world of today, what we fail to know is our US government slowly killing us financially. What the American people do not know is little by little, we have become captives of debt through the favored policy of many upper class Americans; this is known as capitalism. Also known as the free enterprise system, or free market, capitalism initially emerged in the mid to late 1700's. It grew in popularity and strength as individuals rapidly grew conscious of its benefits in specialization and trade. Obsolete transportation began to grow increasingly more capable and efficient. Natural …show more content…
What about the rest of the 99%? Appelbaum suggests a widespread fear that capitalism is becoming a taxpayer funded economic and political system. Crises, such as the 2008 Recession, relied heavily on lower and middle class taxes, and were used to bail out the rich as well. Money that was supposed to head towards our retirement plans is being swayed to help the rich. Shouldn’t it be the opposite way? Why should the poor help the rich stay rich? What the American people do not know is conservatives want our economy to stay that way, but can really Reaganomics last forever? The answer is no. The reason why is the power of voting.
Big businesses that helped fund President Obama during his 2008 election bid now attack him throughout his 2012 presidential re-election campaign, as he has shifted his attention to the economy. Rick Newman of the US News writes back in 2008, Obama didn’t focus on the economy as he was advocating his healthcare plan. This time around, Obama has stood firm on his plan to induce tax cuts on wealthy Americans, most notably representatives in big businesses. In 2008, 75% of big businesses such as Goldman Sachs funded Obama during his campaign trail. After passage healthcare bill, Obama then signed the Dodd-Frank financial reform bill meant to


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