Confession Time: "I've lost my faith in Capitalism!" edition.

Jim Downey's picture

Inspired by "Maybe You Shouldn't Buy That" (via Sully), I think we're about due for another "Confession Time". The theme: "I've lost my faith in Capitalism."

So, step up and 'confess' your sins! They can be positive ("I can't believe someone came up with a $5001 paintball gun covered in Swarovski crystals") or negative ("where's my damned flying car already?") or anywhere in-between ("someone paid George Bush a $7 million advance for his memoirs???") What do you see as capitalism's biggest failure for you, personally? What has so disillusioned you that you're ready to give it up and become an out & out socialist, cheering for B. Hussein Obama to seize the means of production and start setting prices? C'mon - fess up!

I'll go first, as per usual. For me, what tripped me into the downward spiral was the realization that even in spite of its clear technological superiority, the Betamax format was superceded by VHS. Yes, it's true - the roots of my socialist perversion run deep. But that was just the beginning. I'll tell you more, perhaps, if we get some good comments going.

Jim Downey

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Inconspicous D's picture

I think that I've heard on

I think that I've heard on one of the conversations between George Johnson and John Horgan on bloggingheads, that someone had already the most expensive yacht ever, pimped to the extreme, but it was not enough, so the owner decided to revest the couches with skin of whale prepuce. I don't remember if it was real though, maybe they were just making up an example for what they were talking about, how sometimes (maybe a bit too often) people are never satisfied with a reasonable level of comfort, they must rise above others with meaningless (but necessarily expensive) status symbols.

I can't imagine myself ever doing these sorts of things. Buying a car that is more expensive than a reasonably good house, and this sort of thing. I picture I could have things even like a yacht, for the fun of sailing and all that, but at the same time I'd be somewhat like a"beverly hillbilly" in a way, not caring about status display and this sort of futilities. No dozens of different forks for all sorts of food, or glasses for different drinks for me.

Anyone mentioned "artist's sh*t yet?

I'm not sure socialism/statism is reasonable sort of "solution" for that "problem" though. I'm not sure about how much it's a problem anyway. Surely it would be better if all that money were spent on helping the poor, but 1-that would have to be done in a sustainable way, not just feeding them, not providing any mean or opportunity of making a living and family planning awareness, and 2-I don't feel very comfortable about that, I'm like those cartoons where the character has an angel and a devil version of himself whispering at his shoulders, but in my case there is a socialist and a libertarian at each side. Both have angel wings but also that red tail with a pointy end.

Maybe a reasonable "maximum wage" or something like that, maybe increasingly progressive taxes, at a level that anyone earning it would be deemed "rich" by 99% of people. But then there's the whole issue of trusting the government to do something that really works instead of being just a lazy bunch of bureaucrats living at the expense of others, possibly making things worse than they are without them. Which, somewhat ironically, maybe could be better dealt if democracy were somewhat "faster", if votes were somewhat more like money, so not only government would need to restrict itself for what "pays", but politicians would have to show better results, rather than having a somewhat guaranteed job for a few years, with the possibility of extending it for 4 more with some lame excuse and high investment on marketing fooling just enough people.

Damn it.

Bilejones's picture

Losing faith in Capitalism

What does Capitalism have to do with the Fascist economic system of the U.S.?

ML's picture

Towelbags

For all those talking about how people inventing things that fill previously unknown (and unmet) needs, "Secret Asian Man" is doing an excellent riff on that now.

Cat's picture

When did I first become disillusioned?

It probably hit home when I was examining a list of VHS titles and found ones in a series I really adored at the time. There was just one problem: I was in Europe at the time and the VHS tapes were incompatible with the VHS system used in America. The childish realization that this system totally sucks came home again later on with DVDs and video games, when I realized that titles which were perfectly accessible to me, either because I blatantly could understand the language they were in or because I could muddle through with a decent dictionary, and which I had a definite interest in playing were never the less inaccessible because some douchebags somewhere had decided that they wouldn't be able to make money on a movie title sold in the US if it had to compete with the same title sold overseas (and when DVDs in your country can't compete against something that costs that much to ship to your living address you know somethings wrong here).

From what I understand in VHS there was some mechanical reason for having a different regional standard, however the only reason for it in DVDs is to protect the companies that distribute media in different regions. Every freaking movie studio on the planet could start distributing region free DVDs tomorrow and not only would most of the people who just buy from their local video store or off Amazon.com not notice a difference, you'd actually get a slight increase in profits from people who want the title you're selling but the studios in their country haven't gotten around to selling.

I'm not sure we can blame the way most people seem to all make a concerted effort to follow whatever the current fashion is on capitalism, herd instinct is more likely (the more you look like all your neighbors the less easy it is to single you out from the herd). However I also can't say that capitalism doesn't exploit this to the largest possible extent. They're also exploiting the natural instinct to show off to rivals and potential mates.

Anonymous User's picture

Never had any faith in capitalism

The fact that a top executive can make hundreds of times more than someone who works his or her ass off, wearing themselves out before they hit fifty. The fact that the same executive can get away with anything with "we have a responsibility to our stock holders". The fact that most of the power today is in the hands of people who were never democratically elected.

Hank Fox's picture

Executives

Yeah, but on the other hand, when civilization falls, we'll get to storm the walled compounds of the rich and eat their brains.

Jim Downey's picture

A game preserve?

So, you're thinking of the walled compounds and gated communities as a game preserve?

Yeah, I can see that.

Jim Downey

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Like Science Fiction? Read *or listen to* my novel, Communion of Dreams, for free.

frankmoorman's picture

Years ago, so long I don't remember

Somewhere in the first half of my life (I'm 60), I came to understand that any institution spends most of its time serving its own survival, regardless of its founding principles and of how well the institution may serve its acolytes. I haven't done deep studies of history or psychology, and I can't point to a day that I came rushing home to announce my discovery of this eternal truth. I'm pretty sure that somewhere in my 20s, those studies I had done, plus my own observations, plus my father's skeptical views of the world, all came together into the understanding that business, government, religion, education, and people made most of their decisions with an eye toward extending their survival more than anything else.

This is not always a bad choice. After all, the decisions and principles that I thought of when I was 16 did not serve me well when I was 25. A business that employs 50 people in the making of buggy whips will probably fail to the disadvantage of itself and its 50 employees and their families if it does not figure out some valuable use for its services, once the demand for buggy whips fades away. And a government designed for the benefit of male landowners would do well to shift its focus when the landless and the laborer and women and the otherwise disenfranchised demand to be involved.

More often than I like to see, however, that urge to survival becomes exercised in trivialities, such as those mentioned in other posts. I remember a commercial for Shell Oil in the 1970s; the opening line was "I don't know much about oil, but I know deck shoes." Apparently, Shell had got into the manufacture of deck shoes, and the idea was that if they understood deck shoes, then they must know something about oil.

Not likely.

And once the whole industrial enterprise becomes engaged in the promotion of trivialities for enterprise survival, the focus on triviality becomes part of the culture.

I would say the same for the history of religion and of government, whether socialist or capitalist. The Soviet Union was the greatest violator of the principles of socialism, whereas the United States has actually incorporated some of those principles into its own governmental approach.

My belief is that we need to continually strive for balance. Capitalism can help socialism, and vice versa. This is where I think pre-literate societies have an advantage over those of us bound by the written word. When the tradition is passed along orally, it is adjusted according to the needs of the times. When it is set into writing, such as the bible or the constitution, you get people wanting to go back to an absolute interpretation of the document, sometimes centuries after it was written. That becomes more of an avoidance of difficult questions by ignoring the world as it is, whereas a balance between the spirit of the founding document and the actuality around us will lead us more clearly forward than strict adherence to something set eons ago.

I should probably go back to work.

Frank Moorman, skeptic
"what is the point of giving persons Freedom of Speech... if you then say they must not utilize same? And is not the Power of Speech the greatest Power of all? Then surely it must be exercised to the full." --Salman Rushdie

ML's picture

I lost some of it years ago.

This business of needing to get "this year's styles" in everything from clothing to cars. Just ways to get people to spend money. (If you research it about cars, that's quite true - cars lasted so long that in the early years people bought one and didn't buy another until the first one wore out. Which, from stories I've read about the repairs done on some cars, could be quite a while. So one of Ford's competitors, may have been Chrysler, started touting different features annually so that people felt they had to buy a new vehicle to have the latest-and-greatest doohickeys.) I like the fact that capitalism rewards me for my own initiative and smarts; I don't like the way some people use it to encourage one to spend money unnecessarily.

I think a lot of people have gotten disillusioned about capitalism lately, and as I read about more and more of them, I keep thinking "what took you so long?"

Jim Downey's picture

And here's a link . . .

. . . sent to me by a friend which touches on the "get this year's styles" matter: Message in What We Buy, but Nobody’s Listening

Jim Downey

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Like Science Fiction? Read *or listen to* my novel, Communion of Dreams, for free.

pattyp's picture

I'd never thought about this

I'd never thought about this until you posed the question, but now I realize I lost my faith in capitalism when I could no longer find the Chantilly style brassiere by Maidenform. This was the only bra that ever fit me really well and I used to be able to go to any department store and find a few in my size right off the rack. I never even needed to try them on, that's how predictably they were made. Then one day, about 15 years ago, they were just gone. It's like they never existed and I had merely been living in a delusional fantasy world of good quality, reasonably priced undergarments. Now bra makers are constantly changing styles and names and materials and country of manufacture and freakin' everything else. I hate bra shopping even more than I hate wearing ill-fitting bras, so you can imagine (or perhaps not, since you're a guy) what kind of angst this has caused. It's probably a big part of the reason I have to take antidepressants now. We can put men on the moon but we can't make a consistent style of bra anymore. This country has really gone down the toilet.

Hank Fox's picture

Hey!

I forgot about that! The same thing pisses me off!

And no, I'm not talking about bras. But EVERY time I find something I really like, a brand and model of shoes, or a really comfortable shirt, or just some cool pants, or, christ, just a cool cap, the next time I'm out to buy that item, that particular article is no longer made.

I had a pair of winter gloves someone gave me a few years back, and they were light years past the next best thing I'd ever worn. I mean they were the most comfortable, the warmest, the easiest to put on and take off, and they didn't have that either-coat-sleeve-bunching-or-freezing-wrist feature that so many winter gloves have. When I was ready to buy gloves again, I did some serious web research and phone calling to find the manufacturer. Not only did the bastards not make them any more, they were snotty about it.

Actually, this is another aspect of that marketing for the sake of marketing thing I talked about lower down.

Because, really, isn't there probably an ultimate glove? The best materials, the best fit, the most efficient design (for each use, that is)? And after several hundred or a couple of thousand years of making gloves, couldn't that ultimate design be known? And when you find it, do you really HAVE TO abandon it and start making shitty-but-stylish gloves just to wow the morons?

Speaking of which, I bought some Nike shoes a year or so back that just about crippled me before I abandoned the damned things. They were stylish as hell, but they also had this stiff plastic heel piece that pressed into my achilles tendon and caused all kinds of mayhem before I got rid of them. I wrote them a letter and told them not only would I never buy another Nike product, I'd try to talk other people out of buying them. They'd built this PRETTY shoe to sell, and didn't give a hoot that it was made in such a way that it would actually cause damage. This despite decades of experience in building shoes, and theoretically knowing something about the right fit and materials. Appearance trumped function, and they got one more moron (me) to buy into it.

Anonymous User's picture

oh come on now

So, what is the alternative. A centralized control determining WHAT products are to be produced, to decide WHAT people need? We all know (well those of us old enough anyhow) how well that worked.

Crying and moaning about changing styles is fuming against the wrong thing. Certainly if enough people liked the gloves you liked they WOULD still be in production, but at least you still have choices.

When someone decides what the official glove, or printer cartridge, should be, that is not a better solution. At what point in history, or with what brand should we have 'frozen' the printer cartridge design? HP of 5 years ago, Canon of 10 years ago, perhaps we should have stuck with dot matrix? The point is that performance has drastically improved in the past 20 years, and stopping on any 'standard' would have been a mistake.

Even the 'obsolescence' of cars is not such a terrible thing. Nothing prevents someone from owning a car for 20 years (many people do), but the changeover also creates a whole new class of owner, 'used car' buyers who could never afford the new ones.

Hank Fox's picture

Jeez.

Way to miss the point, dude.

wantobe's picture

I must have missed it too, then.

I thought the anonymous comment was spot-on, and made a good point. I thought you brought up good points too, Hank, but if that post "missed the point", perhaps you could explain what the point is for those of us who are admittedly dense.

Rob Miles
--
There are only 10 types of people in the world;
those who understand binary and those who don't.

Hank Fox's picture

And a followup ...

I'm convinced that when we go to buy ink cartridges for a printer, we're being royally screwed. Two hundred different styles of cartridge? COME ON. There's no way that's in the customer's interest. It's a way to frak over everybody who ever owns a printer.

At most, there might be a half dozen ultimate designs of printer ink cartridge, one design specific to each particular use. Every machine made for that use should use the same cartridge, and you should be able to buy them in the supermarket on the school supplies aisle.

Rather than ask the tattooed lout in Office Max "Can you help me find the 90C-1345 for the Canon Digimatic BR549?" you could say "I need a Number 5."

Having a couple of hundred designs (or however many there are) is purely predatory.

Cat's picture

Screw different ink cartriges

Ultimately the thing that is in the best interests of both the customer and the question of what to do with the exhausted print cartridge is to have a single reusable cartridge that comes with the printer and then just sell bottles of ink that can be used to refill/top off the ink cartridge whenever necessary. No longer would you have the problem of a color cartridge that's for all intents and purposes out of blue but has plenty of yellow and red left. No longer would you have to worry that the factory's quality control slipped up and you're buying an ink cartridge that doesn't actually work, because you already know that your ink cartridge works.

Hank Fox's picture

Huh?

$7 million for a pop-up book? Damn.

I'm not willing to give up capitalism, but there are definitely some things that bug me.

I was in a video store today and they're selling kitschy little action figures of movie characters. They look like upscale Happy Meal toys. I looked at them and thought "This is just utter shit." I mean, I guess it was an otherwise cool-looking bit of plastic, but it was really useless, needless junk. It was something you might really cherish, if you were 12 years old, for about two days. After that, it would gather dust on a shelf, or get thrown into a box, and never looked at again.

Several things bother me about that. First, that the materials for it are extracted from the Earth, and are transformed into this non-biodegradable thingie.

But second and mainly that the thing represents not just a manufactured item, but a manufactured desire. Someone made them specifically so that someone else would want them, when they otherwise wouldn't. I'm not against people having things they want, but ... this isn't that. It's not even in your head until the makers MAKE you want it.

I don't know if I'm getting this across, but there's a sequence of events attendant on the thing that just seems so pointless and hollow:

They extract the raw materials for the thing from the Earth. They make something completely useless. They market the thing to make people want it. They sell it to people who will value it for a short time, and then lose interest in it. Then they start all over again, selling brightly-painted turd after turd, in an endless cycle. All of it coming out of the limited Earth, and much of it preying on children or feeble-minded adults.

It's like there's a whole vast industry endlessly creating what amounts to those ugly "prizes" you win in the Pitch Til You Win booth in a seedy traveling carnival.

...

And just out of curiosity, does anyone else experience the phenomenon of having your cursor accidentally roll over the "Updated conversations" gadget at the bottom of the posting window, and having this huge popup panel appear that obscures the post you were typing? It happens to me often, both here and other places. I'm wondering if Wordpress has ever gotten any negative feedback on that easy-to-make-an-annoying-mistake design?

wantobe's picture

I see your point.

I think I know what you're saying, Hank. Most things we buy, like cars, houses, umbrellas, etc. were developed and improved based on a specific need (transportation, shelter, annoying the people behind you at baseball games when it's not raining but you want some shade). The crap you're talking about doesn't fill any need and wouldn't be missed if they'd never been invented.

I'm not an economist, and I don't understand all of the different things about socialism vs capitalism (or any other ism), but how would socialism change that? How is this a problem that capitalism should take the blame for? Is it because under socialism the person(s) who make up this kind of shit wouldn't make as much money, therefore there wouldn't be the incentive to create them?

I don't see the "updated conversations" gadget, but I use Firefox with Adblock Plus and NoScript. One of those, probably NoScript, most likely is blocking that particular gadget from displaying. I know that's not very helpful, in light of the question you asked, but I guess the point is, you could try using Firefox and seeing if it goes away.

Rob Miles
--
There are only 10 types of people in the world;
those who understand binary and those who don't.

Jim Downey's picture

Serious answer.

OK, I had mostly meant this post as being light-hearted and a poke at those who call Obama a 'socialist' (he's not). But to just give one serious answer to your question Rob . . .

The problem Hank mentions is driven by a capitalist impulse - to make money - combined with creating a perceived need (in order to sell shit). This is largely what is done with advertising. I can see how it *could* happen under a truly socialist system, but would consider that unlikely, since the basic idea behind a socialist system is to collectively own both the means of production as well as the benefits thereof, and there wouldn't really be much of a collective benefit from creating such a (useless socially) need.

* * *

I also use Firefox with the plug-ins Rob mentions, and don't see any problems here or elsewhere with the gadget you mention, Hank.

Jim Downey

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Like Science Fiction? Read *or listen to* my novel, Communion of Dreams, for free.

Yvette's picture

I guess when I was younger

I guess when I was younger that people like Paris Hilton could exist did it for me. ;)

Jim Downey's picture

Or athletes who make millions...

...for playing a game. What the hell???

Jim Downey

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Like Science Fiction? Read *or listen to* my novel, Communion of Dreams, for free.

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