Defenders of private ownership argue that the invisible hand of the market is capable of regulating everything on its own, but the facts tell a different story. Businesses do not thrive without state support, such as substantial financial injections from external sources and laws designed to favor them. Whenever a corporation faces a loss, the government rushes to its aid, providing budgetary funds taken from the pockets of ordinary citizens. With this, the needs and aspirations of the common people are ignored by those in power. This holds true not only for Russia but for the entire world.
This is how capitalism operates: the economy and authority belong to the wealthiest minority in society. Despite their direct involvement in production, the workers’ share in national income continually diminishes, while the tax burden on them increases. Meanwhile, entrepreneurs raise prices for goods and services, pushing more and more of the working class into poverty. As a result, capitalists continually increase their wealth, living a life of opulence.
Add comment