Capitalism. It worked in the U.S. until all the special interest groups decided they should have as much or more than those who actually worked for it or achieved their dreams through luck, even, or whatever.
Helping people out of poverty is one thing. Taking away the free enterprise of others is a different thing.
At what point in our history was the U.S. economy a "capitalist" one?
Well, let's see. I'd say....it was pre-indoor-plumbing or thereabouts.
We've never had a purely capitalist system, not even in colonial times. The founding fathers (and their fathers) understood that capitalism without a strong counter balance (government) would lead to chaos.
Over time the government has taken a larger role in the economy and endeavored to make it work for everyone - not just the uberriche.
Capitalism and socialism can't work soley by themselves. Pure socialism was a disaster for the Soviet Union under Stalin (actually he turned Lenin's policies into a total dictorship and the USSR into a police state). This country, or any other country has never been 100% capitalism and that would not work either. The Industrial Revolution starting in the 1820's was the closest that this country became to being about 90% capitalism and look what happened. Any first world, industrialized nation (US, Canada, China, all of Western Europe, etc.) have an economic system consisting of a capitalist/socialist mixture.
Actually, there does seem to be situations where they intertwine and coexist.
No one "ism" has ever worked. The world we live in is a blend of different forms of organization. Our public schools and postal services could be labeled as communist, while other areas are completely capitalistic in nature. America is even economically fascist in certain areas. I wrote an article about this. The point is that people look things less from an ideological point of view, and more from a practical point of view. There is no "ism" that's better than the other.
Capitalism is obviously the best system. The problem is just that it has never existed - it is always hampered by a socialist system (government) that leeches off the productive power.
To those who demand "compromise": your argument is nonsense. Under capitalism all VOLUNTARY actions that do NOT interfere with property rights are allowed, and thus it is NOT an "ism", it is simply human nature.
There's nothing to compromise: it is simply how humans act.
I find that claim interesting because before the creation of capitalism, socialist states did exist and they functioned very well. I won’t say capitalism is necessarily human nature because its born out of a culture of greed. Socialism has been around longer.
Agree with me even though my rants are baseless. If you disagree you are stupid!!!
I want my island now
A world of pure capitalism is a world of wage and age, religon, sex, creed,etc, discrimination, undescribable working conditions, pollution, child labor, no healthcare or even responsibilty of the employer for the employee of any kind, no form of minimum wage, monopolies, and the list goes on for days. Without a form of socialism, there would be no public schools, libraries, city and human services, social security, medicare/cade, transportation, fire and police services. So much for the anti-socialists out there who went to a public school, use the public libraries, get there sstreets swept and snow removed and are collection social security!
by mrnasir4 years ago
Choose a name,you think is a better system and tell at least one reason of choosing.
by James Smith3 years ago
Hans-Hermann Hoppe in A Theory of Socialism and Capitalism essentially argues that there are in fact only 2 possible economic ideologies: Socialism and Capitalism, and variations of. You either believe there should be...
by James Smith7 months ago
Bob, Peter and Lucy all own land of an equal size, and respect each other's right to it. Bob grows apples on his land, Peter breeds cows on his land, and Lucy grows wheat.1. - Bob trades a basket of apples with Peter...
by Kathryn L Hill3 months ago
The essence of the current battle seems to be this:Liberalism/Socialism vs Republicanism/FreedomWe have to keep this country free. The Constitution, rightly understood and followed, provides the laws/boundaries which...
by Don W7 years ago
Is "sustainable capitalism" an oxymoron? Can a sustainable model for capitalism be found?
by TruthDebater6 years ago
Does Capitalism create equal opportunity for all or just for the elite? The same with socialism, does it create equal opportunity for all or only those affiliated with government? Is both capitalism and socialism simply...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.