That is not the situation today, where most Americans have NO retirement savings. Unless you’re redefining what capitalism IS, then that’s a problem caused by the people in charge (oligarchs).
Bananas were cheap too… because Western [capitalist!!!] imperialism supported fascist death squads in Latin America who sold out their country to United Fruit [a capitalist corporation]. It’s a whole system of oppression, not just the WASPs you see on Mad Men reruns.
You are the one who is deeply confused.
Capitalism is the private ownership of the means of production. Thinking there was no oligarchy when C. Wright Mills was writing The Power Elite shows that you are not only confused about economic theory, but misinformed about the history of the US as well.
Bananas were cheap too… because Western [capitalist!!!] imperialism supported fascist death squads in Latin America who sold out their country to United Fruit [a capitalist corporation]. It’s a whole system of oppression, not just the WASPs you see on Mad Men reruns.
You are the one who is deeply confused.
Capitalism is the private ownership of the means of production. Thinking there was no oligarchy when C. Wright Mills was writing The Power Elite shows that you are not only confused about economic theory, but misinformed about the history of the US as well.