the problem with capitalism and how cryptos can save the day

in cryptocurrency •  7 years ago 

Capitalism in America has historically existed to serve the purpose of few people and few institutions. Since its emergence here in America when it replaced independent production due to the suffocation of the agriculture industry, people began having to sell their labor due to whoever held enough capital to employ workers. These capital holders were the ones that were most highly favored by politicians, bankers, and other wealthy capital holders. Together they sought to create a system to safeguard their way of life and the success of their future generations.  

They ended up creating a system where it is easy for them to make more money (whether it be easier lending from banks or returns on investments of large sums of capital) and for us to have to sell our time and be dependent on capital holders for our livelihoods. They have never operated with the well being of those who have to sell their time in mind, only their bottom line. 

Things have obviously changed in America over the last century and a half but this breed of people have not disappeared since the early days when these systems were first being put into place. Instead they evolve and take on ever changing forms. As the wage gap increases globally it is easier and easier to see who's favor this system plays to. 

That is why I believe decentralization and cryptocurrencies will act as a refresh button for all the people not born into the 1% of individuals who hold the majority of the Nation's wealth. Once we take away the power of the dollar which they make us chase all our lives society will have more room to progress, grow and, build. 


TL; DR DOWN WITH CAPITALISM UP WITH CRYPTOS 

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