Great quote from "The Economist."
“Under capitalism”, ran the old Soviet-era joke, “man exploits man. Under communism it is just the opposite.”
A social and economic utopia is a pipe dream. The real question is how do we structure economic and political systems to minimize all kinds of exploitation? Overall, the American system of regulated capitalism, constitutional government, and an independent judiciary to enforce the constitution, and a certain amount of "welfare state" is the best way to go. Yes, we have lots of faults, but for a large, populous country, I think we are the best model.
Were the best model. The present corporatocracy is not capitalism. We've legislated and regulated ourselves away from even rationally-controlled capitalism into a socialistic mish-mash which works to the benefit of the top 1% who operate in the world of financial manipulations and control government monetary policy.
ReplyDeleteWhich ties back to income inequality, of course.
Art