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riverine

(516 posts)

5. Agree. As a fan of the liberal capitalist George Soros his remarks on unfettered capitalism

Reply to alwaysinasnit (Reply #4)

Mon Mar 18, 2019, 03:37 PM

Mar 2019

which he called "market fundamentalism" fits right in the OP:

"Market fundamentalists... [claim] that the common interest is best served by everybody looking out for his own interests. This claim is false... There are many political and social objectives which are not properly served by the market mechanism... These include the preservation of competition and of stability in financial markets, not to mention issues like the environment and social justice."

Soros further argues that free-market ideology threatens political democracy

(1999)

http://www.dollarsandsense.org/archives/1999/0199breslow.html

Soros was right on the mark in 1999.

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Two of capitalism's biggest defenders just confessed that it's no longer working for a lot of [View all] alwaysinasnit Mar 2019 OP

Thanks. elleng Mar 2019 #1

You're welcome. I hope more experts realize that. alwaysinasnit Mar 2019 #2

Capitalists never claimed it works for everyone. riverine Mar 2019 #3

I think it is safe to say that the more capitalism is unfettered, the more income inequality we alwaysinasnit Mar 2019 #4

Agree. As a fan of the liberal capitalist George Soros his remarks on unfettered capitalism riverine Mar 2019 #5

Capitalist America had no "safety net" until FDR and his New Deal, whathehell Mar 2019 #7

It's been the story throughout the ages. Extraordinary consolidation of wealth controls the world. YOHABLO Mar 2019 #6

A Middle Class has ALWAYS had to be fought for.. whathehell Mar 2019 #12

Even Adam Smith, Wealth of Nations safeinOhio Mar 2019 #8

Absolutely,which is why it seems so ironic that conservatives tend to quote him. Which leads me to alwaysinasnit Mar 2019 #9

They only read the safeinOhio Mar 2019 #10

You are so right; it is the basterdized version. alwaysinasnit Mar 2019 #11

As the Boy Scouts say, "Be prepared" gratuitous Mar 2019 #13