Decades of fragile capitalism screwed us. Now we’re struggling to survive.

Erik Blair
3 min readNov 8, 2021
Photo by Gabriel Meinert on Unsplash

Most people don’t realize the US has been commercialized and privatized to death in history. There were many points in US history where businesses thrived, services and goods were affordable, and wages were good. But corporate greed and politics intervened and created profit schemes which removed affordability.

Education, housing, and healthcare used to be fairly affordable, often free or subsidized by the 80% corporate taxes, but, as you know, today corporations pay less than 22% tax, and almost all costs are born by consumers. Businesses used to be able to afford their own costs of doing business, pay reasonable wages, and still profit.

But then politics and the wealthy made their move and created Wall Street, shareholders, fractional banking, the Federal Reserve, and quantitative easing. This influenced government and created endless corruption and privatization. It even lowered corporate taxes from 91% down to as low as 22%. It also shifted profits away from reinvestment and developed huge trust funds and offshore holdings.

With less taxes, the government struggled to continue funding safety net programs, stopped maintaining infrastructure, reduced involvement in social services, and allowed politics to use congress as a tool to help corporate interests. The government providing less public services has led to longer lines, bad PR, and ultimately, the public has suffered.

Over time, more and more of the costs has been put on the public. Toll roads, toll bridges, etc. School supplies used to be paid for by public schools. Colleges were nearly free. TV used to be free now it costs, phones used to be affordable. Now cities rely on traffic and parking tickets to survive, which hurts the public. The list goes on.

Commercial real estate was tied to Wall Street funds and banks and shareholders demanded profits. That shot up commercial rents which cut into small business. In turn, small businesses started charging more and wages stagnated.

Now, most of the costs of doing business is charged to consumers who are also the working class that have suffered decades of wage stagnation. This has led to fewer consumers who can afford to spend money, and the frequency of spending also…

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