General Discussion
In reply to the discussion: let's make capitalism a dirty word [View all]Vox Moi
(546 posts)
and get this faux religion out of economics and politics. There is no 'Magic' in the marketplace anymore than there is moral virtue in choosing the same tool for every job and excluding all others from consideration.
Capitalism and Socialism and Corporatism and so on are tools. No builder ever got anywhere by calling his hammer good and his saw evil but we do that all the time with the strategies we use to build societies.
Capitalism does have merit in an environment where raw materials and capital are available to many or where a new product or service is introduced to the market.
Socialism has merit in mature industries which have become part of the infrastructure, like electricity and water and where the profit motive is antithetical to the service being rendered, such as Health Care.
A corporation is not a person and it's not a religion
it's a creation of law: a tool.
On top of it all is the idea that the purpose of government to regulate and facilitate the application of these tools where appropriate and not to deify one tool and condemn the other.