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. lectureCapitalism 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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