General Discussion
In reply to the discussion: 10 Reasons to Hate Capitalism [View all]Xolodno
(7,350 posts)...after at one time being a vehement supporter of Monetarism-Capitalism.
Of course, I'm not holding my breath that the USA will have a change of heart and move towards a more socialist policy in my lifetime. As it is, there are way too many out there who actually promote Physiocrat Economics. I once put up a quote by Adam Smith on my facebook page and friend of mine said that it sounded "socialist".....after I did a major /facepalm I responded "So the father of modern capitalism in your words is a socialist????!!!!"
Its bad enough that too many think Socialism (regulation of markets, taxation for major social benefits) = Communism (Centralized command and control of what gets produced and when).
For there to be a change away from capitalism people have to stop thinking two dimensionally. And have to change the mentality and values of society...which currently values wealth. For every wealthy person, many more have to be poor.
For a whole new economic system that doesn't subscribe to today's views of the allocation of scare resources....that's going to take some serious thinking.