Capitalism is the most democratic financial system there is in this world. Do not confuse monopolies, corporatism, and government interference in the free market with capitalism. There is a reason it is called a FREE market system.
What we practice in the USA currently is not pure capitalism and it has gotten worse. Our current government imposes huge financial burdens on our economy in the form of health-care laws and environmental regulations and then exempts crony corporations like GE and big Unions from those regulations while the rest of us are forced to pay for these boondoggles.
No, by no means. In fact, the two go hand in hand. If we had a government which took all of the peoples money and redistributed it on an equal share basis, we would no longer have capitalism and we would not longer have democracy. Capitalism thrives in a free market system and Democracy is really the only form of government which offers any that near a free market approach. Therefore, the two are wed as one. WB
I think Reagan summed this question up quite well with.........“All systems are capitalist. It's just a matter of who owns and controls the capital -- ancient king, dictator, or private individual. We should properly be looking at the contrast between a free market system where individuals have the right to live like kings if they have the ability to earn that right and government control of the market system such as we find today in socialist nations.”
by William Jordan 6 years ago
Capitalism is economic of America but it's not working for the whole, submit your comments on how to make it work for the whole
by Grace Marguerite Williams 6 years ago
Do you think that the Occupy Wall Street and other occupy movements were totally constructive or were totally an utter waste of time and energy?
by Kathryn L Hill 3 years ago
Big finance benefits the few instead of the many, but its not supposed to. Government has and does step in in many ways contributing to the problem.In so doing it has and does restrict free market capitalism. Wall Street is not the villain. The drug, POWER, is.And many individuals in Wall Street...
by Kathryn L Hill 5 months ago
Some say that capitalism pretty much causes *hell on earth*. How could we bring about *heaven on earth*, instead?
by SparklingJewel 6 years ago
This legislation was covertly run through the system over the objections of at least half of the American people. The president justified it by saying that it didn’t raise our taxes. Now the Supreme Court has confirmed that’s exactly what the law does. The entire justification for the law is...
by Ralph Deeds 5 years ago
Economists Agree: Solutions Are ElusiveBy EDUARDO PORTERPublished: April 23, 2013 "Last week the International Monetary Fund hosted a conference of some of the world’s top macroeconomists to assess how the most intense crisis to have shaken the industrialized economies since the...
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