Base instincts in humans won't allow pure capitalism to work and the tradeoff is declining freedoms as regulations increase. Capitalism is superior as an economic system when participation is highest and regulations are evenly distributed, something that has been declining for decades, possibly signaling an ultimate socialist outcome in…
Base instincts in humans won't allow pure capitalism to work and the tradeoff is declining freedoms as regulations increase. Capitalism is superior as an economic system when participation is highest and regulations are evenly distributed, something that has been declining for decades, possibly signaling an ultimate socialist outcome in the U.S. The irony: in all systems it's believed that elected officials will/can fix this but very few have the altruistic ability to put citizens first and instead, those same base instincts create the marriage of politician and corporation to give us our current crony-capitalism..
Necessary fixes: reverse Citizens United ruling. It is a super highway of corporate money into politics. Reinstate Glass Steagle banking laws. Get rid of all digital currencies. Fix a broken election system.
You don't have to fix a system if it isn't broken. From the point of view of capitalists, cycles of booms and busts may may be opportunities for profit. One of my generationally distant relatives became quite well-off during the Great Depression. Of course millions suffered, but never mind; World War 2 was waiting in the wings.
Base instincts in humans won't allow pure capitalism to work and the tradeoff is declining freedoms as regulations increase. Capitalism is superior as an economic system when participation is highest and regulations are evenly distributed, something that has been declining for decades, possibly signaling an ultimate socialist outcome in the U.S. The irony: in all systems it's believed that elected officials will/can fix this but very few have the altruistic ability to put citizens first and instead, those same base instincts create the marriage of politician and corporation to give us our current crony-capitalism..
Necessary fixes: reverse Citizens United ruling. It is a super highway of corporate money into politics. Reinstate Glass Steagle banking laws. Get rid of all digital currencies. Fix a broken election system.
«Necessary fixes: reverse Citizens United ruling»
That would take a constitutional amendment: in the USA currently paying serving politicians a retainer is a constitutionally protected human right.
You don't have to fix a system if it isn't broken. From the point of view of capitalists, cycles of booms and busts may may be opportunities for profit. One of my generationally distant relatives became quite well-off during the Great Depression. Of course millions suffered, but never mind; World War 2 was waiting in the wings.
Lend Lease paid off our depression debts.