Note to mods: my own writing.
If global industrial capitalism has a Prime Directive, it is “Grow or Die”. To achieve this modest goal, modern corporations work tirelessly to cast off any regulation that might impede their growth. Constraints on borrowing, restrictions on the international flow of profits, environmental regulations, unions, minimum wage laws and other forms of workers’ rights are among the impediments they seek to evade, along with the law of nature decreeing that infinite growth is impossible on a finite planet.
This precept is fairly well recognized, especially by the "ecologists of civilization" and the Left in general. However, modern capitalism operates under a Second Directive that is equally important, though less recognized. The Second Directive can be stated simply in one word: “Concentrate”.
In this context, “to concentrate” means to direct corporate wealth to flow into as few hands as possible. Since wealth is really just the monetary abstraction of power, this imperative means that power and money flow up together from the base of the economic pyramid (aka Us, the 99%) to the tip (aka Them, the 1%). This “trickle-up” process manifests itself in ever-widening wage disparities and the interlocking trans-national networks of corporate ownership at the level of their Boards of Directors.
Either of the principles of corporate growth or the concentration of wealth and power is socially harmful by itself, but together they amplify each other in a continuous feedback loop. The more an enterprise grows, the more power is available to be concentrated, and the more concentrated the power becomes the easier it is to ensure continued growth. Together these imperatives work hand in glove to create a complex, malignant, metastatic brew that has poisoned the world’s finances, our environment and our social fabric simultaneously.
Other hierarchical socioeconomic frameworks from feudalism to fascist corporate dictatorships have exhibited such behaviour in the past. Capitalism’s unique claim to fame is that it has become the most efficient, effective mechanism yet devised to turn the world’s resources (from air and water to metals, plants, animals and other human beings) into waste for the benefit of an ever-shrinking power elite.
The power elite have a lock on the political and legal systems, giving them the built-in guarantee that the teeth of regulation will be pulled before they can bite. In addition, their control of politics and the law assures the power elite's access to the legal use of violence, gving them the means to defend their position “vigorously”.
In a cunningly diabolical move, the power elite has also infiltrated education systems world-wide. Thanks to that surreptitious influence most of us have been turned into compliant consumption engines, ardent supporters of the existing system who celebrate its ability to fulfill the needs it has itself created. It has become difficult for most people even to see there is a problem, let alone recognize the extent to which our society has been suborned by those who claim to be managing it in our best interest.
These effects are equally visible in the industrialized, “democratic” West as in places like Russia and China where state capitalism is now the norm.
“OK, so the system sucks,” I hear you say. “Well, bright guy, what are we going to replace it with? After all, most of the other systems humanity has tried over the centuries have done even worse.”
What might we replace it with? That depends very much on how and when the current system fails, and how much of the world’s natural and human capital have been ground into waste by the engines of progress before that happens. It’s very hard to predict an outcome and even harder to force a change - even if the direction we needed to go was obvious.
Hard doesn’t mean impossible, though - the future is inherently and endlessly surprising. For now, we need to awaken as best we can those around us who are still sleeping, rebuild our solidarity and mutual trust down here at the base of the power pyramid, and encourage each other to remain steadfast in our commitment to an ideal – that a more just, compassionate, cooperative and sustainable world is our true birthright.