Capitalism is the most useful economic system, but if you don’t regulate it, you just end up in the Gilded Age. You have to be able to yank the choke chain, because corporations can’t be trusted to behave right. It’s disingenuous to phrase that as the government picking “winners and losers”, the purpose of the market economy is to serve the well-being of the people and it must be forced to whether it wants to or not. That’s why America’s economy was strongest when our top marginal rate was over 90%, it’s why monopolies are illegal, and it’s why you aren’t allowed to pay your employees in Pullman Dollars. The idea of the unregulated capitalist economy being able to do the most good is as naïve a pipe dream as the idea of a fully centrally-planned economy ever working.
I’ve been saying this for years. Capitalism or communism makes no difference if you let your leaders do whatever they please. Most of the time it’s not benevolence they’re reaching for and the marginalized few that are become outcasts. If only conservatives and socialists knew how much power the middle class could have if we banded together
Capitalism is the most useful economic system, but if you don’t regulate it, you just end up in the Gilded Age. You have to be able to yank the choke chain, because corporations can’t be trusted to behave right. It’s disingenuous to phrase that as the government picking “winners and losers”, the purpose of the market economy is to serve the well-being of the people and it must be forced to whether it wants to or not. That’s why America’s economy was strongest when our top marginal rate was over 90%, it’s why monopolies are illegal, and it’s why you aren’t allowed to pay your employees in Pullman Dollars. The idea of the unregulated capitalist economy being able to do the most good is as naïve a pipe dream as the idea of a fully centrally-planned economy ever working.
Capitalism without proper regulation is just crapitalism.
And crapitalism without digestive regulation is brapitalism
I’ve been saying this for years. Capitalism or communism makes no difference if you let your leaders do whatever they please. Most of the time it’s not benevolence they’re reaching for and the marginalized few that are become outcasts. If only conservatives and socialists knew how much power the middle class could have if we banded together