Norman
Diamond Member
- Sep 24, 2010
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capitalism didn't save the miners, society, human spirit and technology did.
Of the four, capitalism probably contributed the least.
Somebody is grasping at straws to redeem an ideology that crashed our economy.
Capitalism didn't crash it, but (bad) central planning.
And to say US ever was really capitalist country is kind of dumb. Central banks and over 50% real tax rate (that is if you take the inflation and promises to be paid and debt into account). Regulations at every corner. Government guarantees of (housing) debt subsidies etc. etc. etc. The crisis would not have been possible in capitalism, nor in WELL RUN socialistic system (problem is they are very very rarely well run).
I live in europe, it isn't any more socialistic here, we just are at least a bit more honest with the socialized money than US. Meaning at least more in % goes to poor. This creates the illusion as if we were more socialistic, as the money is mostly flowing to the education and healthcare. Financial freedom, and regulations are actually a bit better here than in the US.... US really is no capitalistic country at all.
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