It puts all power structures, social, economic, military, government, moral into a single source, and then expects the people in charge to rise above the massive power they are given.
Millions of critical decisions are made every day in a Free Society. Millions.
But dimocrap scum, socialists, communists, National Socialists, etc put all those decisions into the laps of a handful of people. They Centralize Power. It's what they.
And there is no way 20 - 50 people can make those millions of decisions with any degree of accuracy or intelligence. The Chinese have even abandoned the system. They've gone to State Directed Capitalism. Which is where Capitalism is okay as long as it doesn't interfere with the Political system, which is communist in its organization.
It works better than pure communism, which is the dumbest system in human history, but not as well as Free Market Capitalism, which is the most intelligent economic system in history. And -- It's really simple.
But Capitalism isn't perfect. It has failed in the past, most notably in 1929. It failed.
Some people believe that FDR saved us from communism. I'm not so sure. I don't believe The American People are very well-suited to communism. Too ornery, too independent. But FDR did a lot of good things. And a lot of not-so-good things. Overall, I think he meant well. But he allowed a lot of socialist and communist FILTH into his inner circle. In hindsight, it was a mistake but at the time, he was facing an unknown. What happened in 1929 had never happened before on such a grand scale.
And here'e what most people don't realize -- The Federal Reserve (The Fed) was one of the, maybe THE, biggest causes of the Great Depression. He was fighting those idiots, too.
The below is from AI, so take it with a grain of salt. I happen to think it is very on-target but, YMMV
AI Overview
The Federal Reserve's actions did not solely cause the Great Depression, but many economists agree that its monetary policies played a significant role in worsening the downturn. Specifically, the Fed's tightening of the money supply and failure to act as a lender of last resort are cited as major contributors. The Fed's earlier attempts to curb speculation by raising interest rates in the late 1920s also contributed to the initial stock market crash, and its policies to maintain the gold standard further exacerbated the economic contraction.
Fed policies and their impact
- Pre-1929:
The Fed's easy credit policy in the 1920s, while expanding the money supply, is believed to have fueled an unsustainable credit-driven boom and asset bubbles.
- 1929 stock market crash:
In an effort to control market speculation, the Fed raised interest rates, which contributed to the stock market crash.
- Post-1929:
The Fed made critical errors by contracting the money supply and failing to act as a lender of last resort for banks experiencing panics and runs.
- Gold standard:
The Fed's rigid adherence to the gold standard led it to prioritize maintaining the value of the dollar, even when it meant tightening monetary policy and causing more economic harm during a time of high unemployment.
The "lender of last resort" failure
- A key failure of the Federal Reserve was not providing enough liquidity to banks during the banking crises.
- By not acting as a lender of last resort, the Fed allowed numerous banks to fail, which led to a collapse in the money supply and a contraction of credit throughout the economy.
Expert consensus
- A groundbreaking 1963 study by economists Milton Friedman and Anna Schwartz was influential in shifting blame towards the Fed's monetary policies.
- Ben Bernanke, a former Chair of the Federal Reserve, has since acknowledged that the Fed was responsible for making the Depression worse, famously stating, "we did it. We're very sorry".
www.theguardian.com
