Capitalism Existing for 1 Percent of Rich Must Go to Ruin--KCNA Commentary

Pyongyang, November 23 (KCNA) -- Working masses' anti-Wall Street protests have continued unabated, shaking the capitalist system down to its roots.

Riot police are hurled to put down the protests but only fell short of blocking the masses' advance.

This has stoked fears among the rulers of the capitalist countries.

This proves capitalism is reactionary system and ailing society where the rich get ever richer and the poor ever poorer as a 1 percent tiny handful of exploiters oppress toiling masses making up 99 percent of the population.

A recent opinion poll conducted in the U.S. showed the majority of Americans voiced resentment against the ever-widening gap between the rich and the poor. In the poll jointly conducted by the Washington Post and ABC TV, over 6 out of 10 respondents said the rich-poor gap is widening in economic aspect. The income disparity between the people in the upper brackets of income and the rest of Americans is now all time high since the great depression about 70 years ago.

The income of wealthy people grew about 275 percent for the past 28 years. In 2010 the number of the poor increased by 7 million from 10 years ago.

The widening gap between the 1 percent rich and the 99 percent poor is an inevitable result of the structural contradiction of capitalism.

The history of capitalism is characterized by the accumulation of wealth by monopoly tycoons. In this course a crucial change took place in the relations of class forces, sharpening contradiction and conflict.

In the capitalist society the well-to-do people get ever richer while the poor are reduced to extreme poverty. The rich take to itself products and almost all wealth of the society, wallowing in luxury while the toiling masses languish in hunger and poverty. The people are degenerated, becoming slaves of money and the broad masses suffer from unemployment, hunger and poverty.

It has become frequent occurrences in the capitalist countries for even the middle classes to lose properties due to bankruptcy and unemployment and join the poor.

A big group of the unemployed are in the making in the Western countries bogged by financial and debt crises.

The rulers and monopoly capitalists are talking rhetoric about "class cooperation" and "welfare policy" to calm down the daily worsening socio-class contradiction in the capitalist countries.

Cooperation between the exploiting class and the grassroots people in the capitalist society is sheer sophism little short of a wolf and a sheep living in the same pen as friends.

It is an inevitable process of the historical development that the people intensify their actions to win the right to existence and democracy against the arbitrary practices of the monopoly capitalists.

The widening gap between the rich and the poor will escalate the people's protest against it.

Capitalism can never solve its socio-class contradiction by itself but will meet a final ruin by the people's actions for independence. -0-