When capitalism is understood for what it is really and only about—investor profit—there is nothing paradoxical about its failure to serve working people and the common good, much less the cause of democracy. If corporate and financial sector profits are high, the system is working for its architects and intended beneficiaries: capitalists.
"Proposed at the same time: a bill that would have required some nursing homes to have generators to protect frail elders from the ravages of heat and dehydration.
That bill died.
Cause of death: industry opposition and government miserliness." #peopleB4profit
In the aftermath of 2005's destructive Hurricane Wilma, Florida lawmakers approved laws to protect motorists at risk of getting stranded on the interstate, and residents of new highrises who can't climb stairs.
"If you strip away the magical claims of Reaganomics (“cutting tax rates will yield more revenue and balance the budget”), you can see that the real purpose of “supply side” theory was to shift the tax burden down the income ladder—away from the high incomes. This is the operative objective: Tax work instead of wealth. That has been the practical result of favoring capital’s returns on stocks and bonds over wage income."