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In reply to the discussion: George Takei: "When history looks back on this period, people will ask..." [View all]Silent3
(15,909 posts)77. "FDR achieved a balance of sorts"
And that's exactly my point. I said from the start that capitalism obviously requires effective regulation and oversight, and with those things, it can do quite well for a large number of people, and create a minimal safety net for all.
Of course, even under FDR, black people in the US were still getting a raw deal. But the fault there was racism, not capitalism.
Note that "capitalism" is not synonymous with free enterprise or individual initiative and ownership...
Maybe not precisely synonymous, but damn close to it (https://en.wikipedia.org/wiki/Capitalism):
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, a price system, private property and the recognition of property rights, voluntary exchange and wage labor. In a capitalist market economy, decision-making and investments are determined by every owner of wealth, property or production ability in capital and financial markets whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
yes, it makes sense to contest the evils of rampant environmental destruction, sociopathic levels of profit-seeking...
Of course it makes sense to do that. I've said nothing contrary to that. But capitalism is simply the current milieu in which many human failings, like greed and corruption, are playing out. Capitalism's only direct connection to such problems is that it simply makes a lot of human failings far more efficient to express.
Abandoning capitalism, and certainly just bad-mouthing capitalism without offering proven, solid solutions, does nothing to advance the cause of remedying social ills and environmental destruction.
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George Takei: "When history looks back on this period, people will ask..." [View all]
Nevilledog
Sep 2020
OP
Please excuse me. I didn't, until rereading, realize the unnecessary tenor of my reply.
jaxexpat
Sep 2020
#67
Huge amounts of wealth have been destroyed by COVID, even if *some* rich bastards...
Silent3
Sep 2020
#44
That is part of it but it mainly boils down to the Plutocrats being able to purchase our politicians
Dustlawyer
Sep 2020
#35
In non-capitalist system, however, power inequalities take form in other ways...
Silent3
Sep 2020
#45
The only examples are the ones that a lot of people seem to think "don't count"...
Silent3
Sep 2020
#66
Capitalism works fine if it is regulated (rules based) and limited to certain sectors of society
DSandra
Sep 2020
#22
I suspect you're asking the other poster, but for me "work" means, and can only mean...
Silent3
Sep 2020
#80
Yes, fox noise turn their viewers into a "me me me " crowd with their brainwashing.
KS Toronado
Sep 2020
#17
Worst of all, they've had that effect on NEWS. The other stations treat fox like they're legitimate
BComplex
Sep 2020
#26
In this case, "hindsight" could easily mean "viewed from that little opening in one's ass."
calimary
Sep 2020
#10
They will also ask "what did you do?" which motivates me to keep working for Dems.
Hamlette
Sep 2020
#11
Just today I saw someone (an actual aquaintance, and not just a digital friend)...
C Moon
Sep 2020
#16
I share NO responsibility with the 63 million Americans who voted for THE failed president who
ancianita
Sep 2020
#20
They also will ask why it was that Republicans loved $ over their people & planet! They
Illumination
Sep 2020
#25
Let's hope there'll be an honest history recorded by sane people in a functioning democracy.
VOX
Sep 2020
#42
Or Piss Wig will be hailed as a great leader who single handedly ended it.
BlueTsunami2018
Sep 2020
#71