Hi SuZett, Capitalism ONLY works if it is well regulated. When you remove the regulations and at the same time normalize greed as we did beginning in 1981, then capitalism does exactly as you say. From 1933, the year I was born and FDR took control of the US until 1986 when Reagan ushered in the "trickle down" supply side economics and b…
Hi SuZett, Capitalism ONLY works if it is well regulated. When you remove the regulations and at the same time normalize greed as we did beginning in 1981, then capitalism does exactly as you say. From 1933, the year I was born and FDR took control of the US until 1986 when Reagan ushered in the "trickle down" supply side economics and began the deregulation of wealth, the unfettered capitalism took over. BUT, socialism and authoritarianism do no better. You need only look at the Soviet Union, which erroneously claimed to communist and the "people's party" - WRONG - it was a run of the mill dictatorial authority. A small group of exceptionally wealthy 'proletariat' and masses of poor working class with bloody little in between.
Hi SuZett, Capitalism ONLY works if it is well regulated. When you remove the regulations and at the same time normalize greed as we did beginning in 1981, then capitalism does exactly as you say. From 1933, the year I was born and FDR took control of the US until 1986 when Reagan ushered in the "trickle down" supply side economics and began the deregulation of wealth, the unfettered capitalism took over. BUT, socialism and authoritarianism do no better. You need only look at the Soviet Union, which erroneously claimed to communist and the "people's party" - WRONG - it was a run of the mill dictatorial authority. A small group of exceptionally wealthy 'proletariat' and masses of poor working class with bloody little in between.