Today, we live in a world of incredible wealth and technology, alongside the most horrendous conditions of poverty, war and environmental crisis. This is result of capitalism, a system based on prioritizing profits not human need where the wealth is concentrated in the hands of a capitalist elite.
This is what happens under capitalism - as long as corporations and the super rich own the economy and the politicians, every new generation has to fight hard just to defend itself.
The underlying issue is the system of capitalism itself, and under this system the best means for regulating or checking their power is not relying on a government which represents the interests of the rich but for millions of working people to become politically active in workplaces and communities through building unions and our own political party.
For a whole historic period after World War II, US capitalism was the strongest in the world and could afford to concede rising living standards.
Today, capitalism faces a deep structural crisis.
It's not just an economic crisis that capitalism has created. We also face an environmental catastrophe created by a handful of gigantic fossil fuel corporations.
On the basis of capitalism, victories like raising the minimum wage are only temporary.
We need a break from Capitalism.
Capitalism is based on ruthless exploitation and competition, and leads inevitably to the development of mega monopolies.
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