Capitalism is characterized by the condition where individuals acting in their own best interest consequently act in the best interest of society. By contrast, Socialism is characterized by the condition where individuals acting in the best interest of society consequently act in their own best interest.
Who are the Socialist?
While America espouses a capitalist system of social organization, the jobs that Capitalists create are contained in corporations that operate much closer to the socialist model of community organization.
In a corporation, employees are motivated to act in the best interest of the corporation as a means to assure their own best interest. Resources allocation is channeled through ministers who are led by a benevolent dictator responding to the priorities of a family of stockholders. Tasks are segmented into units of equal pay for equal work. There are limited avenues to advancement. People cannot talk freely against their employer. It is acceptable practice to banish some people for the best interest of the collective.
First Amendment To The U.S. Counterintuition
The opposite holds for the OWS movement – some say the occupiers are socialist, however, the jobs that they create are Capitalist. There is no benevolent dictator or appointed ministers or hierarchy to allocate resources. Anyone can join and nobody gets sent to the gulag. Yet, everyone knows what to do like some kind of invisible hand that elevates an ideal. Most importantly, there are unlimited avenues for advancement.
The movement was peaceful.
Buildings did not fall. Mothers did not mourn the death of children. There was no volatility induced on the stock markets, the lawyers stayed in their offices, politicians were relatively unscathed. Those protestors who did suffer are now celebrated in the media, culture, art, music, Facebook, etc. In short, People acting in their own best interest were in fact acting in the best interest of society.
Reoccupy Wall Street
Now that the movement has been dispersed, and the 89% who still have jobs return to occupy their respective corners of Wall Street. The global narrative has changed for everything from warfare to environmental protection to income equality.
The products that emerge
Already, mobile apps now exceed CD/DVD sales. Mobile computing devices will replace PCs. Television sales are going down. Many of us now own our last internal combustion automobile. Social Media Applications are mimicking financial instruments with new systems for trade, exchanges, trust, influence, and value creation. Allocating social capital, creative capital, and intellectual capital rather than the now quaint but hopelessly static notions of land, labor, and fiat capital is producing real value.
Capitalism and socialism are simply two of many different forms of social organization. People are reorganizing.