General Discussion
In reply to the discussion: The Probelm With Capitalism [View all]peggysue2
(10,823 posts)Unfettered capitalism is a mess (look at Texas right now with their energy situation, regulation nada). Managed and sensibly regulated capitalism can work and lift people into a middle-class (and higher) standard of living. It may not be perfect but then what is?
Trickle-down theory is a joke. The 1%ers are laughing all the way to the bank. Poppy Bush said it correctly: voodoo economics. It does not work but Republicans keep hawking the same lie year after year. I had to laugh when President Biden flat out said trickle down doesn't work. The GOP was horrified:
Wadda ya mean it doesn't work? It works for us (wink, wink).
And yes, Dems always end up being the cleanup crew after a Republican Administration. You would think their voters would notice that the economy gets better under the Dems.
Mystifying!