We cannot END it. CAPITALISM depends on wealth and income inequity to work.
But we ought not allow it to become a pernicious disease, either.
When we do that it inevitably leads to the kind of economic woes we have right now.
When it becomes much much worse than it is now, it leads to the death of representational democractic republics, too.
There are solutions that can be applied that have nothing to do with socialism and everything to do with keeping Capitalism functioning smoothly and efficiently.
Modest changes in banking regulations like keeping SAVINGS banking separate from INVESTMENT banking would go a great long way to stabilizing our captialist system.
Agree we can not end it
but as for "CAPITALISM depends on wealth and income inequity to work." ?
really?
Crony statist capitalism that we have today- sure
But a true free market, where the gov't promotes competition, profit is the driving factor
where people enter and leave all levels, up and down, of income.
This "Malthusian fallacy" like belief that some have of society being so stratified is caused not by free markets, but by statism.
Surely, when corporations get together with gov't, they are not seeking to promote competition but secure their profits and the gov't goals.
(see Big Pharma, etc)
The inequalities that some see are a cause of the gov't in collusion with "big business" doing their best to stifle competition, secure market share and "stratifying" the economy
where it is harder and harder for people to enter or leave different different economic levels. It stifles creativity and the efficient use of resources. Combined with the ever persistent
gov't dependent class promoted by gov't, it is a "brave new world" we are creating.
Indeed, we have created a new "Progressive Feudal" society.
A protected class doing their best to keep what they have by ways of gov't cronyism
and tossing the "serfs" some occasional treats to keep the dependent class satiated and themselves still in power.
Only last week, ABC News reported:
At a million-dollar San Francisco fundraiser today, President Obama warned
his recession-battered supporters that if he loses the 2012 election it could herald
a new, painful era of self-reliance in America.
Yes, we can not have that now, can we?
A new progressive "Divine right of kings" has come our way
God forbid, the "serfs" should own the land and do with it what they may......
tis better to for us to control and give them what they need
