"Has/was capitalism been saved?"- If by that you mean a laissez-faire/Ayn Rand/ Adam Smith form of capitalism, the answer is, No, but then again that form never really existed any way. One can not lement the passing of someting that never was. Hong Kong, Singapore, and the United States have relatively free economic systems, as measured by Freedom House. They survive and prosper. The State has a large role in each one, but generally supply and demand are acknowleged and allowed to set prices, fairly freely. To me, that's Capitalism.
-----Original Message----- From: Bryan Etzel [mailto:[EMAIL PROTECTED]] Sent: Wednesday, April 10, 2002 4:16 PM To: [EMAIL PROTECTED] Subject: RE: economic history question Would we have seen an increasing level of social unrest had capitalism been left alone? Has/was capitalism been saved? >From: "Gray, Lynn" <[EMAIL PROTECTED]> >Reply-To: [EMAIL PROTECTED] >To: "'[EMAIL PROTECTED]'" <[EMAIL PROTECTED]> >Subject: RE: economic history question >Date: Wed, 10 Apr 2002 13:35:48 -0500 > >The program I was manly referring to was the unemployment insurance >program. >By calls for the US to abandon capitalism I was referring to the vocal >supporters of American socialism back in the years leading up to the Great >Depression. The % share of the US public which advocates socialism has >seemingly declined since programs like unemployment insurance have been put >in place. > >If it were not for these type of programs might we have seen an increasing >level of social unrest with a decreasing patience with capitalism. Such >increasing unrest finally giving way to the end of capitalism and to US >socialism. Thus it would follow that limited govt interventions in the >market actually "saved" capitalism. > >Lynn > >-----Original Message----- >From: John Perich [mailto:[EMAIL PROTECTED]] >Sent: Wednesday, April 10, 2002 11:03 AM >To: [EMAIL PROTECTED] >Subject: Re: economic history question > > >There are a lot of abstractions that it'd help to qualify in that last >statement. For instance: which government programs (FDR's right-to-work >packages? LBJ's war on Poverty)? Whose calls for the U.S. to abandon >capitalism? What is a "safety net [...] for capitalism as a whole"? > >We need data! > >-JP > > > >From: "Gray, Lynn" <[EMAIL PROTECTED]> > >Reply-To: [EMAIL PROTECTED] > >To: "'[EMAIL PROTECTED]'" <[EMAIL PROTECTED]> > >Subject: economic history question > >Date: Wed, 10 Apr 2002 10:08:41 -0500 > > > > > > > >Would it be safe to say that the introduction of govt programs such as > >unemployment insurance had an impact in quieting the calls for the US to > >abandon capitalism and take up socialism? In other words did these types > >of > >govt programs serve not only as safety nets for individuals in need but > >also > >for capitalism as a whole? > > > > > >Lynn Gray > > > > >--------------------------------------------------------------------------- - >-- >I'm never gonna work another day in my life. >The gods told me to relax; they said I'm gonna be fixed up right. >I'm never gonna work another day in my life. >I'm way too busy powertrippin', but I'm gonna shed you some light. > >- Monster Magnet, "Powertrip" > > >_________________________________________________________________ >Chat with friends online, try MSN Messenger: http://messenger.msn.com _________________________________________________________________ Join the world's largest e-mail service with MSN Hotmail. http://www.hotmail.com
