David SimsEssays

The Wonders of Capitalism

by David Sims

HERE ARE SOME illustrations of the behavior you can expect from capitalists.

Scotland’s Tay Bridge was built in 1879, becoming, for a time, the world’s longest railway bridge. On 28 December 1879, storm winds blew part of the bridge into the sea at exactly the moment a passenger train was going across. The train fell into the water, killing 60 passengers and 15 crew.

But it wasn’t just the storm that caused the bridge to collapse. The contractors who built it cut their costs by using worn-out girders. The defects on the girders had been concealed by a paste made from mixing beeswax and iron filings.

Despite all of the people on the train being killed, the train itself was recovered from the sea and expertly repaired, and the capitalists continued to operate it for their profit for another 40 years.

The MGM casino in Las Vegas caught on fire starting in its delicatessen, which got out of control because an exception had been made to the building code regarding sprinklers in that part of the casino, as required by the building code there. The capitalists argued that it was safe to allow the exception because the deli would be open 24/7 and any fire there would be quickly put out.

Shortly after the casino opened, however, the capitalists changed their minds about the deli’s business hours, and a fire started there while it was closed. The flames went “whoosh” when the deli fire ignited the combustible furniture in the casino and the flammable glue in the ceiling. Smoke rose up elevator shafts, stairwells, and ventilation ducts and smothered to death hundreds of people trapped on the upper floors.

Why were they trapped? Because the capitalists decided to lock the stairwells “for security purposes.” They didn’t want any of their guests to sneak into the casino and steal anything while the building was on fire, I suppose.

The Ford Pinto, notorious for being subject to ruptures of its fuel tank during rear-end collisions, was originally designed to include an inner lining that could keep the fuel contained even if the external metal tank was broken or punctured. This would have made the Pinto the world’s safest small car. But the capitalists at Ford Motor Company decided to eliminate the internal lining in order to shave a few dollars off their costs, and, as the result, the Pinto was one of the most dangerous small cars ever made.

When capitalists build dams, they usually aim for a structural life expectancy of only 50 years. During that 50 years, a town usually grows up in the dam’s flood plain. If the dam fails, as it did near Johnstown, Pennsylvania, on 31 May 1889, the whole town will get washed away and nearly everybody in it will die. Meanwhile, the capitalists have been building other dams, also calculated to last 50 years — because building them better, so that they can last longer, would be more expensive and would reduce their profits. So eventually the whole country is full of dams that could fail more or less at any time. The government has to prioritize according to its best guess of which dams will fail first, and sooner or later they just can’t keep up.

In 1972, dam failures occurred at Buffalo Creek Valley, WV (125 people killed) and at Rapid City, SD (237 people killed), both times due merely to heavy rain. In 1976, the Teton Dam at Idaho Falls, ID failed the first time it was filled with water. In 1977, a dam failed near Toccoa Falls, GA (39 people killed).

Today, in the United States, there are more than 10,000 dams classified as “high hazard,” meaning that their failure would result in lots of dead people.

But think of the money that was saved.

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8 January, 2017 6:05 pm

Nice documentation effort! Cheers!

8 January, 2017 9:30 pm

Anyone writing for a site like this should know what real capitalism is, and it’s suspect that such a site, that carries the name and reputation of William Piece, would even allow an article with an obvious socialist slant to be published. Just a clarification. The U.S. is NOT run by capitalism. Capitalism is simply supply and demand generated by a FREE market, fueled by the natural dynamic between consumer action and business production. For well over 100 years, the U.S. has been run by CORPORATISM, which is governments colluding with international corporations to eliminate competition and consolidate power and profits into fewer hands. If they can do that by instituting corporate welfare, easing restrictions for certain corporate entities or looking the other way while they violate existing laws, then… Read more »

Kevin Alfred Strom
Kevin Alfred Strom
Reply to  Bell1
9 January, 2017 2:39 am

Hi, Bell. We value your comments; they are intelligent and thought-provoking. But I am compelled to disagree on a few points here. First, I understand the difference between what you call corporatism and what you call capitalism, and I deplore the former and see the creative power of the latter just as much you do. However, I don’t think your terms are optimal. The best term for what you call corporatism is definitely capitalism, I think. This is because, in large part, what we suffer from is the 1) the tendency of the owners of large amounts of capital to have a much easier time influencing government and accumulating more capital than anyone else; and 2) the tendency of society under such conditi0ns to make such capital-accumulation its overriding purpose;… Read more »

Reply to  Kevin Alfred Strom
9 January, 2017 8:47 pm

Kevin, thanks for your thoughtful response. I feel, however, that you’ve put the cart before the horse in this case. You say in a capitalist system the Jews’ ability to create money out of thin air (point #3) arises out of the system established by (point #1), “…the tendency of the owners of large amounts of capital to have a much easier time influencing government and accumulating more capital than anyone else,” when in fact, the opposite is true. It’s precisely because Jews created the ability to print currency out of thin air that they have more money than anyone else, which then gives them the power to easily influence government, and not the other way around. I would also propose to point #2 that the tendency of people to… Read more »

Anthony Collins
Anthony Collins
9 January, 2017 4:34 am

In a recent comment, I reproduced Paul Sears’ review of Garrett Hardin’s Promethean Ethics, which included this line: “Arthur Morgan, one time head of the Tennessee Valley Authority and president of Antioch College, urged and exemplified the importance of ‘conclusive engineering analysis’; by this he meant that the engineer’s responsibility does not end with design, but must include the analysis of consequences so far as possible.” I think David Sims clearly recognizes the need for “the analysis of consequences so far as possible” — a skill and practice that is vital for perceiving, defining, and addressing the challenges before us. What we have today is a system in which irresponsibility has been “baked into the cake,” being encouraged and rewarded while responsibility is discouraged and penalized. Sometimes only a catastrophe… Read more »

13 January, 2017 1:39 pm

The capitalist’s philosophy is : “Long live Money! Everything is money! Nothing exists outside Money!” It is profoundly NIHILISTIC in its outlook on Life itself. I’m pretty sure that the “father” of “laissez-faire Capitalism”, Adam Smith, was almost certainly a member of the “Tribe”, or at least a “shabbos goy” freemason. Freemasonry, as everyone knows, is basically a world front for jewish supremacism.

Daniele Bettini
Daniele Bettini
20 February, 2017 5:39 pm

http://www.ilprimatonazionale.it/cultura/idndagine-liberalismo-economia-ricardo-57457/ Indagine sul Liberalismo/3 La finta scienza dell’economia 9 SHARES Aggiunto da Redazione il 12 febbraio 2017. Terza puntata della nostra indagine sul liberalismo Le puntate precedenti: Indagine sul liberalismo/1 Il rifiuto della politica Indagine sul liberalismo/2 La dissoluzione delle società e delle identità image: http://i1.wp.com/www.ilprimatonazionale.it/wp-content/uploads/2017/02/davidricardo-liberalismo-227×300.jpg?fit=227%2C300 liberalismo ricardoRoma, 12 feb – Se esiste un modo empirico per valutare al primo impatto l’intelligenza di un interlocutore, probabilmente è quello di parlare di economia. Se in un qualsivoglia contesto egli pronuncia la parola “liberismo”, allora nel 99% dei casi è un sinistro radicale, di quelli cioè che sentono la necessità di distinguere il liberalismo economico (che sarebbe il male assoluto, appena dietro al fascismo ovviamente) dal liberalismo politico e culturale (che invece è una gran bella cosa). Ovviamente, il liberalismo è una… Read more »