Iowa State U. Lecture Includes Message That Capitalism Fuels Racism
“The speaker encouraged students to stop blaming themselves for their financial situations and start questioning the underlying system.”
Do people even realize that this is what their kids are being taught in colleges across the country?
The College Fix reports:
Capitalism fuels ‘racism,’ is ‘difficult to survive’: Iowa State U. lecture
Capitalism is an “oppressive system” that is “incredibly difficult to survive,” a financial coach said during a recent lecture at Iowa State University.
The “Anti-Capitalism Personal Finance Lecture” featured Leo Aquino, a “non-binary Filipinx writer, journalist, and financial coach” known for “their commitment to uplifting BIPOC and LGBTQ+ stories,” according to the event description.
During the lecture, Aquino advocated for an “anti-capitalist” budgeting approach that encourages people to reframe their relationship with money to prioritize well-being over profit, mainly benefiting queer and trans-identifying individuals.
The speaker defined anti-capitalism as “the belief that financial systems do not need to adhere to capitalist values for us to survive.”
An anti-capitalist personal finance perspective supports workers’ abilities to control their labor and decide how profits are invested. It requires people to redefine their “definition of wealth,” Aquino said.
The speaker encouraged students to stop blaming themselves for their financial situations and start questioning the underlying system.
Aquino defined capitalism as “an economic system where workers are required to sell [their] labor for a wage in order to survive.”
The financial coach said this system prioritizes profits over people while causing burnout, depression, and anxiety. “[Capitalism] is an oppressive system profiting from our lack of financial literacy and interpersonal conflicts around money.”
Further, capitalism “necessitates racism, ableism, homophobia, colonialism, and other forms of oppression to perpetuate conflict.” It “has forced people from marginalized communities to do unrealistic things to survive in an oppressive system,” Aquino said.
The speaker contrasted traditional budgeting, defined as a monthly estimate of income and expenses, with anti-capitalist budgeting, described as a “neutral space for us to practice compassionate data analysis.”
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Comments
The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.
–MILTON FRIEDMAN
“Leo Aquino, a “non-binary Filipinx”
Hold on, I think I see your problem right off the bat.
“Fili-pinks”?
Yes, that’s like a “Latinx”, which I think is a kind of large cat or small lion.
“Non-binary Filipinx” is a screwdriver whose tip never fits the screw you’re working on.
Yeah right, I;m going to take financial advice for someone who doesn’t know whether they are male or female. I THINK NOT!!
“… prioritize well-being over profit, mainly benefiting queer and trans-identifying individuals.”
He can’t be saying that queer and trans identifying cannot succeed as well in the competitive economy can he? That would imply that those behaviors are mal-adaptive. How could he possibly say that?
Leo Aquino provides and article full of incoherent babble, including the nugget that defined capitalism as “an economic system where workers are required to sell [their] labor for a wage in order to survive.” Thus he proves that he has no idea what capitalism is.
Aquino defined capitalism as “an economic system where workers are required to sell [their] labor for a wage in order to survive.”
and socialism is an economic system where workers have no soul to sell