General Discussion
In reply to the discussion: How to handle the Democrat equals Communist Bull Shit: [View all]harumph
(3,600 posts)BUT, in such cases, it's properly regulated capitalism. One could argue what you're seeing in the US is a degraded capitalism - though we call it simply "capitalism." Maybe it's crony capitalism, anarcho-capitalism or some other kind, but it's neither free nor transparent. I do believe in the profit motive but also believe that when making said profit, there needs to be a tangible public interest/benefit. It is disheartening that people throw around and wrongly conflate terms that have an actual meaning in economics. The Nordic countries are capitalist countries, but their form of it is very different from ours. Proper regulation retains the profit motive but channels it into productive activity. Most Americans have no idea about well regulated capitalism. Philosophically, I'm more of a fixer than "Let's trash the system and start entirely over." type of person. The reason for this is that when we (trash) a system, chaos ensues and then meet the new boss, same as the old boss.