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View Diary: Crumbs much too small for the other Whos' mouses (199 comments)

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  •  Not Laissez-Faire capitalism (0+ / 0-)

    And especially not faith-based Market Fundamentalist Supply Side Voodoo Capitalism.

    Regulated capitalism. New Deal and Postwar US capitalism. European Social Democratic capitalism. Asian Tigers capitalism. Chinese Communist capitalism. All have been vastly productive. In the versions where workers get anything like a fair share, unlike the US since Reagan, the greatest engines of shared prosperity ever.

    We do not need to get rid of corporations, banks, and capital markets. We need to require them to behave as honest, responsible citizens, at least as much as anybody else. We need to repeal the fantasies of Market Fundamentalism, and re-institute Keynesian stimulus and the rest of reality-based economics.

    Nobody has demonstrated a viable alternative. No Marx/Engels/Lenin/whoever Socialist country built anything resembling Communism as described by Utopian Marxists. Imperialist Mercantilism before that was also a dismal failure. What else has been tried?

    America—We built that!

    by Mokurai on Sun Dec 16, 2012 at 12:10:13 PM PST

    [ Parent ]

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