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View Diary: Socialism Wins? Canadians Richer, Healthier, & More Socially Mobile Than Americans (154 comments)

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  •  You can't have healthy & prosperous society (7+ / 0-)

    without a combination of both capitalism AND socialism. It simply can't be done otherwise, as both communist experiments in the USSR, China and elsewhere and the past 30+ years of neoliberalism have shown. Too much government control of the economy and productivity, income and quality suffers. Too much unregulated capitalism and only a few benefit at the expense of most.

    Like anything complex you need a ying and yang approach to properly run a modern economy. Even the founders knew that (well, the Federalists and Whigs, at least) in mandating that the government run and operate a postal system, roads, bridges and canals, and provide for the "general welfare".

    This view of the government's beneficial and really essential role in economic matters eventually came to be known as the "American System", and when properly implemented invariably led to shared prosperity. E.g. Lincoln and the intercontinental railroad system, TR and the regulation of trusts, FDR and the New Deal, Ike and the highway system, etc. It wasn't until that insane jackass troll Reagan came along and messed with this approach that our economy began to come apart. Anyone who doesn't get that is an idiot or ignorant.

    Socialism is basically the economic equivalent of democracy, in which a nation (i.e. the citizens of a country) collectively determines how and to what extent its government will engage in its economy, in those economic matters which are best managed collectively (through elected representatives and their appointed beaurocrats) and not by private self-interested interests.

    The more essential a given economic activity, the more likely it is that it will be better managed by government, not companies. E.g. roads, schools, mail--and yes, health care. Sooner or later this will be the case here too. Too bad so many had to needlessly suffer on the path there due to the stupidity and selfishness of some in the name of some mythical "freedom".

    "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

    by kovie on Sat Jul 21, 2012 at 06:19:18 AM PDT

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