The greatest threat to capitalism has never been socialism. That’s just a boogeyman to distract you from the real enemy, greed.
The insatiable appetites and desires of those who lust for unimaginable masses of riches and will go to any lengths imaginable to gain it. The gluttony of those who rig the system to hang on to what’s theirs and to instill artificial barriers to entry to prevent others from obtaining market share. The insecurities that lead those in power to legislate a permanent caste system to protect their future generations and insulate them from competition.
Make no mistake. The greatest threat to the “American Dream” is Donald Trump, Mitch McConnell, the Koch brothers and the old money white aristocracy that makes up the majority of today’s GOP and Senate. The very people who seek to sow fear and marginalize Democratic Socialists do so with the worst of intent.
There’s a reason greed is a deadly sin. Ultimately it will destroy whatever it touches. A free market economic system based on merit and public value is no exception. That those who most benefitted from that system now sit back and cheer its destruction is hardly a surprise. It’s one thing for a talented tycoon to inherit his way to the top, it’s a whole other thing to stay there.
Hamilton and the designers of our capitalist system were aware of the danger of avarice and market manipulation. It’s why they so many legislative safeguards and checks and balances were designed to mitigate the risk of greed (not socialism). Unfortunately those guardrails were meant to protect us against individual beings, not political parties, corporate conglomerates, lobbies and unidentifiable PACs. When the courts extended inalienable rights typically reserved for those with flesh, blood and a pulse to these nebulous and nefarious groups they essentially short circuited our republic. Our checks and balances were not designed for the modern world. Our constitutional rule book no longer applies