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In reply to the discussion: Dear Millennials: I'm sorry we didn't stop them [View all]brakester
(321 posts)A sign that any philosophy begins to rot from the inside and needs refreshing is when those holding those ideas get corrupted by power.
True laissez-faire Capitalism combined with democracy and democratic socialism is a darned good system!
But, now it is corrupt and needs fresh input to continue to serve its people well.
Currently, Capitalism is dominated by insular and bloated corporations that game the system to protect their own behinds and leach off the middle and lower classes, leaving most of us poorer and less free.
Here's an analogy I remember from one of my wise history teachers.
To see which group dominates in a society look at their architecture. In the middle ages, the landscape consisted of a few large castles and many simple dwellings by the citizens. Next, the church exhibited its authority by building elaborate buildings that reached to the sky while most citizens lived modestly. When central governments became powerful, the taller and wealthier structures belonged to them. In the present day, giant American corporations dominate the skies. They generate and consolidate immense fortunes and can supplant governing authority. Look at Abu Dhabi where immensely creative (and very tall) structures dominate, where they air-condition the outdoors (!) and American CEOs who routinely thumb their noses at law and order.
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