Dr Parenti Wealth
In this essay I intend to explain what Dr. Parenti’s position on wealth versus want in the United States, how those two ideas work with each other and against each other to undermine the three fundamental principles of democracy. Wealth as defined by Dr. Parenti can be found in the opening pages of chapter four when he goes into detail about the class system that exists in the United States. The United States has been touted as a nation of middle class citizens, Dr. Parenti argues that this hasn’t been the case in many decades and will only get worse as time goes one. Rather than have an upper, middle and lower class system, we have an owning class, employee class and finally the serfs or laborers.
Dr. Parenti takes the consideration to mention …show more content…
Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much higher consideration.” For decades economists and political theorists have been debating and justifying the widening income gap between the richest and the poorest in this country. Focusing on capital, what they own on paper according to government is not the way that we measure wealth in the world because ultimately having all the resources in the world that just sit there doing nothing doesn’t earn any …show more content…
The needs and wants of Americans coupled with buying power have created demands in every industry. Under capitalism, businesses of all sizes can’t suffer from stagnation, if a business isn’t morphing, growing and maintaining high profits, no matter it’s size it will not grow leaving itself open for consumption from other more adaptable businesses.
The current big business climate is littered with hostile takeovers, mergers, acquisitions, denying workers fair pay and a litany of other ethical crimes. The myth of American affluence is a true story for an incredibly small number of people. A minority of a minority control the money in this country and they use that wealth to cultivate massive amounts of influence and power. The three fundamental principles explained in The Struggle Democracy are saturated with exceptions and dirty dealings because of corporate capitalism and “...[It] deserves our
Dr. Parenti takes the consideration to mention …show more content…
Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much higher consideration.” For decades economists and political theorists have been debating and justifying the widening income gap between the richest and the poorest in this country. Focusing on capital, what they own on paper according to government is not the way that we measure wealth in the world because ultimately having all the resources in the world that just sit there doing nothing doesn’t earn any …show more content…
The needs and wants of Americans coupled with buying power have created demands in every industry. Under capitalism, businesses of all sizes can’t suffer from stagnation, if a business isn’t morphing, growing and maintaining high profits, no matter it’s size it will not grow leaving itself open for consumption from other more adaptable businesses.
The current big business climate is littered with hostile takeovers, mergers, acquisitions, denying workers fair pay and a litany of other ethical crimes. The myth of American affluence is a true story for an incredibly small number of people. A minority of a minority control the money in this country and they use that wealth to cultivate massive amounts of influence and power. The three fundamental principles explained in The Struggle Democracy are saturated with exceptions and dirty dealings because of corporate capitalism and “...[It] deserves our