Re: Free Market Capitalism is ALMOST PERFECT - Just Look at the Great Jobs It Has Created in China

On Feb 23, 9:31 pm, "Bandied leg chimp loader." <goofin...@xxxxxxxxx>
wrote:
On Feb 21, 5:01 pm, john fernbach <fernbach1...@xxxxxxxxx> wrote:

So WHY are the insane Democrats and their insane leader Obama trying
to CHANGE this perfect system, that served the American people so well
during the Bush years?  And that made lots of money for people on Wall
Street besides?

It is almost perfect...at putting most of the world's wealth in the
hands of the top ten percent while the rest of us fight over the
little leftover scraps.  Oh, and be sure to thank the rich for those
scraps because it's their scraps even though you and I are the ones
who created almost all of the wealth.  We just don't deserve to have a
good share of that wealth we created.

Free Market Capitalism is almost perfect at failing.  It is so
susceptible to artificially driven bubbles and fear induced
collapses.  You and I go to work every day, generating the real wealth
of the world while a small percentage of people take most of the
spoils and then, when they're fear overcomes them, they ruin the
economy by hiding their wealth.  You and I, if left alone by these
parasites would create quite an economy but instead we have to be the
drones to the parasitical rich.

And when free markets fail, as they do almost ever five to ten years,
the government has to bail them out.  Perfect.


This comment works for me. I agree. It sounds to me as if you're
indicting "alienated wage labor," the basic separation of working
people in the economy from those who own "the means of production," as
the socialists and leftwing anarchists would put it. I'm a
democratic socialist personally, and I agree with that critique.

But even among people who embrace this class divide between the worker
bees and the capitalists who just put up the money, even among people
who like that way of doing things, or think that it's a necessary
evil, there's a remaining question that remains.

And that is the question of whether the famous "free market" always
regulates itself and fixes its own mistakes, or whether it sometimes
needs help -- even a LOT of help -- from the government.

There are anti-socialist, anti-communist, basically "pro-capitalist"
liberals in the United States who have been saying since the 1930s
that the government obviously needs to intervene at times to save
capitalism from its own economic chaos, from its own market
breakdowns.

I think Obama, whom I support, is basically one of those pro-
capitalist liberals. He seems to me to be trying to resurrect some of
the liberal economic ideas & programs that Franklin D. Roosevelt used
to keep US capitalism afloat during the 1930s depression.

As a democratic socialist, I don't think that really is going to fix
the most basic problems of capitalism, but at least it's a step away
from the blind faith in the "free market" and in economic deregulation
that the Bush people (and some of the Clinton people) have promoted
over the past 20 years.

What we're seeing now, and also saw last year, is the bankruptcy of
the whole "free market," laissez-faire, deregulatory theory that
Republicans and some conservative Democrats have been promoting since
the early 1980s. It sure seemed attractive to get the government out
of the market so long as the stock market kept going up, up, up --
mostly as investors responded to a series of financial bubbles, it
looks like now.

But now we've seen where largely unregulated "free markets" lead in
the end. And we're going back to what the Keynsian economic policies
that worked under Franklin D. Roosevelt, Truman, Eisenhower and
Kenney.

As the mystical English poet William Blake once wrote, "The road of
excess leads to the palace of wisdom ... If a fool would persevere in
his folly, he would become wise."

We've been down the road of excess, and we saw where it led us, and
now we're returning to an older wisdom that our parents and
grandparents knew, but that a bunch of Republican conservative
demagogues temporarily caused us to forget.
.

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