Put it another way: the current incarnation of "free market" capitalism in the United States has worked, in purely economic terms, only somewhat better than its bitter ideological rival, communism. We don't actually have a free market capitalist economic system, and we haven't for decades. We have a managed economy - managed by the Fed, managed by Congress, managed by the Presidency. Guess what? It turns out trying to manage the economy has been an exercise in futility under our current system of rules. Maybe it's time to tear up the current rules and start over from first principles.
On Fri, Apr 22, 2011 at 1:11 AM, Robert Munn <[email protected]> wrote: > I'll say it again, we look like the Soviet Union in 1985. Something has to > give. > > On Fri, Apr 22, 2011 at 1:05 AM, Vivec <[email protected]> wrote: >> >> http://www.huffingtonpost.com/janine-r-wedel/capitalisms-crisis-within_b_851876.html >> >> When listening to the many ways that economic dogma has diverged from >> economic reality, it began to seem as if capitalism, like communism, >> was a system that had rotted from within. >> > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336614 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
