Why are some people unhappy with Capitalism?
Capitalism is unsatisfying to many people, even though it provides an abundance of goods and services at an affordable price to nearly everyone. The other economic systems have provided fewer goodies, and if the quantity and quality of goodies is the measure of life satisfaction, then those people living under those other systems would be even less contented.
People living within a capitalist society appear to want the goods available because they frequently go into voluntary debt to the money lending banking system to obtain them. Once enmeshed into that system, they are compelled to work and earn money to pay back their borrowed money plus interest to the system or be ostracized and deprived of much of their worldly goods, which they bought with the capitalist credit.
Most people choose to work for the available better products rather than voluntarily live at a lower standard of living, with fewer goods or of lower quality. As a rule of thumb most people live ten percent beyond their annual income almost until they near retirement. By that time, if they have been consistently employed, they usually own their home, with the mortgage paid off. So, by their old age, these folks have paid off their debts and can finally enjoy themselves.
If, from the beginning of their earning years, they had always spent ten percent less than they made, in only ten years they would have had a capital base equal to a whole year’s salary upon which to build a substantial money-generating income which would then equal their previous 10% privations, but without further effort.
Capitalism can build contentment for some people.
Capitalism is capable of building contentment for those people who are willing to invest some of their earnings into their own capital building, but it consumes the income of those people who spend more than they make. The consumers are forced to spend their time working until later in their lives to pay off their debts, but after a while the investors’ capital has grown and they gain more and more free time as the years pass. After the first few years of slight privation, they have an investment which will give them a security which the overspending worker doesn’t have, even though he is working full time all his life.
A socialist might hope that the government sponsored social system which he has paid into with his labor will take care of him in his sickness and old age, and perhaps it will, but perhaps it won’t. If that system hasn’t created as great an abundance of the goods and services as some other, there will be fewer of these things for him to have. Therefore, he will be forced to live at a lower standard of living and of contentment, if he considers contentment to be the possession of goods. Contentment is a feeling and belief that one’s relationship with the world is as it should be. But, that can’t be the case if he can easily see others who live in abundance while he, who has worked all his life, lives in relative poverty. People choose to be capitalists by their own spending and investing behavior when young, and likewise people choose to be victims of capitalism if they choose to spend money which they must borrow. Those who have an abundance of earned goodies feel they are right with the world and that is contentment.
Capitalism is good to investors and bad to over-consumers.