The above is not a poetic figure of speech, the details come in these few lines:
- free market is never a realistic approximation of an economy, market never comes empty: it's filled from the beginning and you, the gullible, are most of the times cornered by it;
- liberal capitalism seems to work (for a minority) until it fails them, then you, the majority, pay, to make up for the difference: the free-market promoting US, bailed-out its own banks with non-market public money when push came to shove; the liberal global trading rules are becoming tariffs if they don't serve the bullshitters.
- the self-interest of all living humans cannot create an invisible hand as in
They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without know- ing it, advance the interest of the society, and afford means to the multiplication of the species.Anyone with a Physics 101, or some bits of neocortex, would discover immediately that the first thing someone self-centred, with a random economic advantage, would do is to continue growing that advantage as far as possible, meaning that the resulting society is a pyramid, with a few ultra-rich on top, and all the rest forced to work for them just for own survival. If that's too abstract to you, here's an example: A self-centred idiot in the market finds a 100 bill in a corner, next thing he does: pays two muscles to "lobby" some other participant to give up its products or its bought merchandise. Then he sells the stuff and pays some more muscles and does it all over again. Next year, he's writing the law of the markets where he's the chief. Until his self-centred idiot neighbour kills him and proclaims himself chief/lawyer of the market. History shows that these guys only stop when they are divinity, that is, never alive. History also shows that this is obviously outdated for countries which practised socialism.
- all the capitalist systems insist on "the property", the problem is that only the socialist countries managed to make their citizens property owners: don't believe me? check the statistics of the EU countries in terms of house ownership, you'll be surprised to find that all the previously socialist countries have a larger proportion of house owners than all the capitalist ones. And here property means truly owning it, not having a mortgage to pay.
So, in capitalism, it's not your property the economists and politicians are talking about.
- no so-called capitalist "developed country" can or could afford free education and free healthcare. Socialist countries could. If you disagree, call your senator/president/prime-minister to prove it! I lived in a socialist country and I know it did.
So, if we let a capitalist system evolve, it destroys the host society: it becomes a tribe with few rich and in power, and the rest of the population as a decorum fussing for the enjoyment of those few. A capitalist EU does not have a future, the Article 2 of the Treaty of the European Union reads:
The Union is founded on the values of respect for human dignity, freedom, democracy, equality, the rule of law and respect for human rights, including the rights of persons belonging to minorities. These values are common to the Member States in a society in which pluralism, non-discrimination, tolerance, justice, solidarity and equality between women and men prevail.