Sunday, March 28, 2010

"Off The Books" View Of Capitalism

When proponents of capitalism tout its success they often act as like a shady accountant who puts bad information “off the books.” In order to fully rate capitalism its effects on every country where there are ties needs to be included.

Pundits will generally only include figures from the U.S., for example, leaving out the information from the countries that supply goods at piss-poor wages and awful working conditions. If the information from those places were included, a more accurate--and less positive--picture becomes apparent. By keeping these other countries “off the books,” the proponents of unrestricted capitalism get to claim a false positive picture of the economic system.

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