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kentuck

(115,313 posts)
8. The only solution I can see...
Sun May 24, 2015, 05:03 PM
May 2015

...is one where the government becomes much more involved than they are today.

If people have no jobs or means to survive, then the government will have to step forward , or we will risk a lot of social upheaval, in my opinion. The present "democratic capitalism" cannot resolve the problem.

Actually, there are a lot more unemployed and under-employed than the 5.4% that is given as the official number. There is a huge surplus of labor in our country, already.

The "government" will have one of two choices: We can give people a "guaranteed income" to survive on or we can ignore it and let the market run its course. I would think the latter would be a very risky proposition?

It will take a new kind of "socialism" to survive this threat to capitalism, in my opinion.

It would be a "bottom-up" demand economy, where everyone that wants or needs a job would be put to work. There are millions of jobs that need to be done. The least of these would be our infrastructure. A lot of young, healthy people could work on our roads and bridges. Many could work at carpentry and "winterizing" older homes. Many could work on farms to help with growing and transporting our food supplies. There is plenty of work for people to do.

If we do nothing, I could see half our people not being utilized in any productive way. Capitalism is about profits. Socialism is about people.

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