Capitalism gone mad -- and as usual it's the middle class who got screwed. This is why houses are unaffordable.

[rightwinger]

"capitalism-gone-mad-and-as-usual-its-the-middle-class-who-got-screwed-this-is-why-houses-are-unaffordable."


I wanna make a couple of points regarding this. Capitalism is an economic model, not a governance model. It generates the most wealth and prosperity by far than any other economic model, and that being the case capitalism also generates the most opportunity for fraud and inequality of wealth distribution. Those who would advocate for a different economic model should realize that in so doing they are accepting an economy that produces less wealth and prosperity and a lower standard of living that may not actually reduce fraud and inequality. No matter what economic model you have, you're gonna have the super wealthy and the super poor and the relative numbers for that are dependent on your form of government rather than your economic model.

The other thing is that capitalism does not regulate itself; that is the responsibility of government to ensure that no one gets screwed. Those who would denounce the evils of capitalism are actually bitching about the failure of their government to adequately do its job. Admittedly that is not an easy task to fulfill, you don't want to limit the potential for economic growth but at the same time ensure fairness and justice is administered without favor or prejudice. As we know, politics gets involved and pretty much ***** things up. But I repeat, it is not the responsibility of capitalism to do that, that's what we have a government for.

All economies are a mix of capitalism and socialism