Economists and every country that wants to be more than backwaters, that’s who. Like democracy, capitalism sucks, but it’s the best system around.
Yes, Capitalism is very flawed and requires a lot of limitations to function well, but if done well, capitalism is better than anything else by factors.
The USA is capitalism gone way overboard, but still, poor people now under capitalism have it better than people ever would or could have it under, say, communism. There are extremes, like the homeless that should be helped by social systems that the US simply doesn’t have because, again, capitalism has gone way overboard there, but overall there is a reason why it’s by far the most powerful country in the world.
I agree that we should equalize the levels for everybody, but I want to do that by pulling up the poor, you want to do it by kicking everybody not poor down. You keep capitalism but then start taxing the crap out of the rich…hell, tax them 100% income once they reach a certain upper limit. Use all that money for social networks that catch those that don’t get successful. That is what makes succes, Communism does not.
Mainstream institutions are dominated by liberal economists because leftist economists are generally not considered for positions and leftist economics is generally not taught to students. In the last several decades economics departments have become even stricter, ensuring a composition of tight ideological alignment to neoliberalism.
Capitalism must form the basis of our economies?
Says who?
Why?
Economists and every country that wants to be more than backwaters, that’s who. Like democracy, capitalism sucks, but it’s the best system around.
Yes, Capitalism is very flawed and requires a lot of limitations to function well, but if done well, capitalism is better than anything else by factors.
The USA is capitalism gone way overboard, but still, poor people now under capitalism have it better than people ever would or could have it under, say, communism. There are extremes, like the homeless that should be helped by social systems that the US simply doesn’t have because, again, capitalism has gone way overboard there, but overall there is a reason why it’s by far the most powerful country in the world.
I agree that we should equalize the levels for everybody, but I want to do that by pulling up the poor, you want to do it by kicking everybody not poor down. You keep capitalism but then start taxing the crap out of the rich…hell, tax them 100% income once they reach a certain upper limit. Use all that money for social networks that catch those that don’t get successful. That is what makes succes, Communism does not.
Your comments are mostly a Gish gallop.
Mainstream institutions are dominated by liberal economists because leftist economists are generally not considered for positions and leftist economics is generally not taught to students. In the last several decades economics departments have become even stricter, ensuring a composition of tight ideological alignment to neoliberalism.