Mac1958
Diamond Member
Well, this is absolutely no surprise. Support for Capitalism -- by far the most dynamic engine of growth, prosperity and freedom -- is shrinking.
This is what happens when ANY system is perverted and misapplied. In the case of Capitalism, misapplication will INVARIABLY end up creating massive wealth disparity and dead ends for the lower classes.
Many who claim to be Capitalists, for example, have been convinced that any government involvement in the economy, such as regulation, is the bane of capitalism. The reality is that proper and efficient regulation is a CRITICAL COMPONENT of Capitalism.
The Meltdown of 2008 -- from which we are STILL experiencing the effects -- was a prime example. First Clinton repealed Glass Steagall and opened the doors to the derivatives that damn near killed us. Then Alan Greenspan publicly refused to regulate those same derivatives that damn near killed us.
And now it looks like we're going down the same ******* road. Is it any wonder that Americans are so disgusted with this version of Capitalism that a shitty system like Socialism is actually attractive to them?
Image of Capitalism Slips to 54% in U.S. -- Perceptions of socialism remain steady at 39% positive
This is what happens when ANY system is perverted and misapplied. In the case of Capitalism, misapplication will INVARIABLY end up creating massive wealth disparity and dead ends for the lower classes.
Many who claim to be Capitalists, for example, have been convinced that any government involvement in the economy, such as regulation, is the bane of capitalism. The reality is that proper and efficient regulation is a CRITICAL COMPONENT of Capitalism.
The Meltdown of 2008 -- from which we are STILL experiencing the effects -- was a prime example. First Clinton repealed Glass Steagall and opened the doors to the derivatives that damn near killed us. Then Alan Greenspan publicly refused to regulate those same derivatives that damn near killed us.
And now it looks like we're going down the same ******* road. Is it any wonder that Americans are so disgusted with this version of Capitalism that a shitty system like Socialism is actually attractive to them?
Image of Capitalism Slips to 54% in U.S. -- Perceptions of socialism remain steady at 39% positive
Last edited:


