No, there is a happy medium between communism and malignant capitalism. Canada for example, allows mechanized industry, but it must have a certain percentage of the jobs to human beings. Apparently they learned in kindergarten that if you squeeze the middle class into beggars, then nobody buys your products. Robots don't buy products. Who do you sell your cars to if nobody has a job?
This isn't rocket science.
Sane capitalism recognizes who its customers are and how they get their money to buy the products the business produces.
Socialism, well managed, is the best deterrent to communism.
Good luck finding it or any other man made economic system well managed.........
The US did pretty well post WW2 to 1980. Most of old Europe does well too. Weird it's when unfettered capitalism, or as close as it has come to it, is tried, there are only a few winners, kinda like the game monopoly?
Unfettered capitalism only helps those who are Machiavellian enough to succeed that's why our founding fathers believed in finding a balance as advocated by Classical Liberalism, not neo-classical Liberalism or Libertarianism, (the modern equivalent of neo-classical). Basically government only regulates the free market as is needed to prevent cheating, theft and monopolies, social liberalism is what many on the left practice, it found it's way into our political landscape during the Great Depression.
lol
"that's why our founding fathers believed in finding a balance as advocated by Classical Liberalism, not neo-classical Liberalism or Libertarianism, (the modern equivalent of neo-classical). Basically government only regulates the free market as is needed to prevent cheating, theft and monopolies,"
(Re-)Introducing: The American School of Economics
When the United States became independent from Britain it also rebelled against the British System of economics, characterized by Adam Smith, in favor of the American School based on protectionism and infrastructure and prospered under this system for almost 200 years to become the wealthiest nation in the world. Unrestrained free trade resurfaced in the early 1900s culminating in the Great Depression and again in the 1970s culminating in the current Economic Meltdown.
Closely related to
mercantilism,
it can be seen as contrary to classical economics. It consisted of these three core policies:
- protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–70)
- government investments in infrastructure creating targeted internal improvements (especially in transportation)
- a national bank with policies that promote the growth of productive enterprises rather than speculation
It is a
capitalist economic school based on the
Hamiltonian economic program. The American School of
capitalism was intended to allow the
United States to become economically independent and nationally self-sufficient.
Frank Bourgin's 1989 study of the Constitutional Convention shows that direct government involvement in the economy was intended by the Founders.
The goal, most forcefully articulated by Hamilton, was to ensure that dearly won political independence was not lost by being economically and financially dependent on the powers and princes of Europe.
The creation of a strong central government able to promote science, invention, industry and commerce, was seen as an essential means of promoting the general welfare and making the economy of the United States strong enough for them to determine their own destiny.
American School economics - Wikipedia the free encyclopedia
THE FOUNDERS WERE MANY THINGS, BUT THEY WEREN'T LIBERTARIANS.... As part of the right's
newfound interest in all things constitutional, there's been a related push of late to recast the framers of the Constitution.
....
If ever there was a libertarian document it was the Articles of Confederation. There was no national power. The federal government could not tax. Its laws were not supreme over state laws. It was in fact, the hot mess that critics of libertarians believe their dream state would be ... and it was recognized as such by the majority of the country and was why the Constitution was ratified.
The Articles of Confederation is the true libertarian founding document and this explains the failure of libertarianism.
The Washington Monthly
