georgephillip
Diamond Member
- Thread starter
- #501
Which is more important capitalism or democracy?
Thom Hartman raised the issue in a recent post:
Brutal Capitalism: How America is transforming from a democracy to an oligarchy | The Milwaukee Independent
"Some years ago, Trump economic adviser Stephen Moore (before he was Trump’s advisor) was a guest on my radio/TV program.
"I asked him, 'Which is more important, democracy or capitalism?.
"Without hesitation, Moore answered, 'Capitalism.'
"That philosophy (of capitalism being more important than 'We the People' democracy), has held the Republican Party in its thrall for the past 40 years, and has brought America to this moment of great crisis and danger.
"It has transformed America from a democracy to an oligarchy, and the point of no return is now visible.
"And that presents a true crisis for America, because oligarchy is almost always merely a transitional phase in the evolution of full-blown tyranny and/or fascism."
Democracy is a form of government made by the people for all the people.
Capitalism is a form of governance where a small minority of all the people control the means of production thereby ensuring they decide how any economic surplus will be distributed.
Over time this provides the small minority of society to use a fraction of their share of the economic surplus to control government.
Thom Hartman raised the issue in a recent post:
Brutal Capitalism: How America is transforming from a democracy to an oligarchy | The Milwaukee Independent
"Some years ago, Trump economic adviser Stephen Moore (before he was Trump’s advisor) was a guest on my radio/TV program.
"I asked him, 'Which is more important, democracy or capitalism?.
"Without hesitation, Moore answered, 'Capitalism.'
"That philosophy (of capitalism being more important than 'We the People' democracy), has held the Republican Party in its thrall for the past 40 years, and has brought America to this moment of great crisis and danger.
"It has transformed America from a democracy to an oligarchy, and the point of no return is now visible.
"And that presents a true crisis for America, because oligarchy is almost always merely a transitional phase in the evolution of full-blown tyranny and/or fascism."
Democracy is a form of government made by the people for all the people.
Capitalism is a form of governance where a small minority of all the people control the means of production thereby ensuring they decide how any economic surplus will be distributed.
Over time this provides the small minority of society to use a fraction of their share of the economic surplus to control government.