General Discussion
In reply to the discussion: The Extreme Left! [View all]socialist_n_TN
(11,481 posts)One nice thing about being a historical materialist of the Marxian system is that you get trained to look at things in a long term manner. And that "heavily regulated capitalism" never works over the long haul.
Just in the relatively recent American history, this is the third time that capitalism has run amok. Twice before (ending the Gilded Age and the FDR reforms of the New Deal), the people have been able to restrain and "regulate" capitalism. The jury is still out as to whether the people can do it again this third time. But even if we do pull the capitalists back from the brink of pushing us into barbarism using some sort of regulation, what then? History teaches us that they won't EVER stop pushing for their deregulated and "unfettered" system. And because they HAVE all the money which equates to all of the power (or at least most of the power), eventually we'll be back in the same place we were in the Gilded Age or the Great Depression. Or now. So we "regulate" capitalism, leave it in place and our children or grandchildren get to fight this same battle all over again.
History teaches that regulating capitalism is like riding a hungry tiger. It's VERY difficult to do and you're always in danger of being eaten.