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View Diary: America's form of capitalism kills free enterprise and democracy (95 comments)

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  •  We provided a model that socialist nations used (4+ / 0-)
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    rlharry, KJG52, mkor7, MinnesotaMom

    Our late 1940's and 1950's American model of capitalism,including the wealthy paying a hefty share of the burden with a strong labor presence, seems to inform democratic socialism. I believe the Marshal plan gave them clues about our success. Then it was mimicked to a great extent by Western Europe and they ran with the ball long after we dropped it. That socialism has its markets and shopkeepers and freedom of expression though they tend towards more government regulation although labor usually has its say too, as do their business concerns. It rides on a chassis of a fairer model of capitalism than what we now enjoy.

    And back then we enjoyed incredible economic growth anchored by the first modern middle class wherein most of the nation's wealth resided in the pockets of most of middle America. Why can't our current Democratic leadership lead us back to that and more of the New Deal policies it was built on? We own the blueprint but so many Democrats in office seem to ignore it or go kicking and screaming when we try to drag them in that direction.

    •  Check out something called (3+ / 0-)
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      shrike, Sarenth, concernedamerican

      The ArchDruid Report over the issues since January and then get back to me.  There are solid economic reasons why NO government solution is going to return us to that heyday.

    •  The social safety net is a European invention (1+ / 0-)
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      mkor7

      Institutions such as social security, health insurance, and unemployment benefits started to be introduced in Europe in the late 19th Century. It took the U.S. decades to catch up, and much of it wouldn't have happened if it wasn't for the impact of the Great Depression. And Wall Street has lobbied and labored to undo the changes ever since they took effect, with dramatic success in recent decades. So no, Europe didn't adopt these ideas from America. It was the other way around.

      "I understand, Mr. Spock. The glory of creation is in its infinite diversity."

      by brainwave on Sun Sep 01, 2013 at 09:21:10 PM PDT

      [ Parent ]

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