It is a poor argument to claim that a business cannot pay people a living way because the market doesn’t support it.  This is an important and critical point.  All Americans are the market.  If some business cannot pay their employees a living wage, then it is not a valid business.  It doesn’t matter if the owner of that business makes a living wage or not.  In fact, it is unethical and immoral for a owner of a business to make a living wage on the backs of exploitation of others.  Thus, the “fake” business should either raise their prices so they can pay employees a living wage or cease to exist.  If the market doesn’t support raised prices then there is, in fact, no market for the product.  Once the business ceases to exist, the previous consumers of the business will have to find alternatives to the business or be willing to pay a higher price for the service.  In which cases, a new business will emerge that can pay employees a living wage.

American capitalism loves to extol the greatest of the “free enterprise” system and I would agree there have been some success.  However, when the system is not capable of creating enough LIVING WAGE jobs for its citizens then the system has failed.  It has to be replaced with another system that can sustain the population.  It matters little that even a majority does well with a failed system — it has to work for everybody.

America has lots of resources and lots of capability.  There is plenty of food to feed the population.  There is plenty of land where people can live.  There is plenty of creative people who can create jobs to employ others.  There is a great university system were people can be trained with new skills.  However, even with all these good things about America, the current capitalism system doesn’t work any more.  There are many reasons for this.  Let’s just consider a few.

1. The political system has rewarded some and dismissed an ever increasing number of people, e.g.  11 million people are without jobs, 20 million people are underemployed.  Millions and millions of people who have full time jobs cannot support themselves.  The middle class has been and continues to be decimated.  American capitalism cannot function without a large middle class with considerable disposable income.  Who will be buying the products or services that the businesses produce without disposable income?  For many years, Americans have used the artificial wealth of “homes” and easy credit to spend.  That is over, forever.
2. Technology is causing massive job destruction and this trend will continue.  It is generally a good thing to make society more efficient but the efficiency has a cost to humans which must be adjusted to and corrected.  Think of any new business and it will generally involve using as much technology as possible because it is cheaper than human capital.   Businesses created today will employ a small fraction of the people that same business employed a generation ago.
3. The private system cannot provide basic services to the population.  For example, nearly 50 million people have no health care and another 30 million people have very poor health care.
4. The U.S. government is going broke trying to sustain the current failed system.  This will result in a destruction of the U.S. dollar and a lose of purchasing power in terms of gold internationally.  Ultimately, this will require nationalism where America has to figure out how to sustain its population at the expense of other countries.  Other countries will do likewise.

Ultimately, a capitalism system like the one in America will implode.  The only alternative to implosion is to kill all the excess people that cannot be supported.  As the market gets more and more efficient there are fewer and fewer people needed and you have to eliminate another group.  In the end, there will be few remaining.

Magical thinking, about god or some equivalent bull shit, will not solve the problem either.  There is no god that is gong to come down and save America or any other country on earth.  It is irrational to think otherwise — it may even be a mental illness.  Pray as much as you want but without an income in America you will have to rely on the kindness of other people to survive.  There is no god around to save you.

American capitalism is dead — it just hasn’t been buried yet.  There are still too many people running around thinking that it can be revived — mostly people who have benefited from the current system.  These people will not be successful and American capitalism will be replaced with a new system that can sustain the population.  It is going to take a while.

America is doomed.