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View Diary: Are Capitalism and Democracy Incompatible? (159 comments)

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  •  Neither alone seems to work (1+ / 0-)
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    kovie

    Personally, I advocate what is essentially socialization of most essential public institutions since they are, by definition, essential to public welfare and are the type of "long term" investment hardcore capitalists tend to neglect.

    So I think we agree.

    What about my Daughter's future?

    by koNko on Sat Oct 20, 2012 at 01:43:21 AM PDT

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    •  It's like any complex thing (0+ / 0-)

      You can only depend on inherent design so much, beyond which you have to add-on things to make it work in the real world. E.g. de-icers built into an airplane's wings to make it flight-worthy even though they have nothing to do with their lift capacity, or error-handling code in software, which has nothing to do with its core feature set. I kind of look at socialism and regulation as modifications and add-ons to capitalism, which by itself can't possibly work properly in the form and on the scale it operates on today. It's not about ideology, but about what works in the real world, for the majority, and not just those at that top.

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

      by kovie on Sat Oct 20, 2012 at 08:40:24 AM PDT

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