General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSo if even a mixed system of well regulated capitalism and socialism sucks, what's the solution?
I keep being told it sucks by fellow duers. What would work better and be more equitable?
And just to be clear, we regulated means strong regulation of wall street and banking, including breaking up the too big to fail banks. It means universal single payer healthcare for all. It means a system of colleges that are no or low cost. In short, regulated capitalism with strong social safety nets.
Drale
(7,932 posts)we could take the greed out of the situation and regulate profits and compensation.
RadiationTherapy
(5,818 posts)The Economic Bill of Rights
Excerpt from President Roosevelt's January 11, 1944 message to the Congress of the United States on the State of the Union:[2]
It is our duty now to begin to lay the plans and determine the strategy for the winning of a lasting peace and the establishment of an American standard of living higher than ever before known. We cannot be content, no matter how high that general standard of living may be, if some fraction of our peoplewhether it be one-third or one-fifth or one-tenthis ill-fed, ill-clothed, ill-housed, and insecure.
This Republic had its beginning, and grew to its present strength, under the protection of certain inalienable political rightsamong them the right of free speech, free press, free worship, trial by jury, freedom from unreasonable searches and seizures. They were our rights to life and liberty.
As our nation has grown in size and stature, howeveras our industrial economy expandedthese political rights proved inadequate to assure us equality in the pursuit of happiness.
We have come to a clear realization of the fact that true individual freedom cannot exist without economic security and independence. Necessitous men are not free men.[3] People who are hungry and out of a job are the stuff of which dictatorships are made.
In our day these economic truths have become accepted as self-evident. We have accepted, so to speak, a second Bill of Rights under which a new basis of security and prosperity can be established for allregardless of station, race, or creed.
Among these are:
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.
All of these rights spell security. And after this war is won we must be prepared to move forward, in the implementation of these rights, to new goals of human happiness and well-being.
America's own rightful place in the world depends in large part upon how fully these and similar rights have been carried into practice for all our citizens.
For unless there is security here at home there cannot be lasting peace in the world." http://en.wikipedia.org/wiki/Second_Bill_of_Rights
JNelson6563
(28,151 posts)I read this and think "no wonder he was elected President 37 times!"
Julie
PD Turk
(1,289 posts)Vincardog
(20,234 posts)Nuclear Unicorn
(19,497 posts)cali
(114,904 posts)FreakinDJ
(17,644 posts)octoberlib
(14,971 posts)Also, if we had publicly financed elections politicians wouldn't feel beholden to their corporate donors.
tralala
(239 posts)under state ownership. Instead of wages people receive stipends. One month vacation every year. Massive subsidization of cultural activities.
damyank913
(787 posts)...doubt I'll live to see it.
krispos42
(49,445 posts)If we move to the capitalist side, we start seeing the pillaging of the people, and if we move to the communist side, we also see the pillaging of the people.
If it sucks, but it's the best we're able to achieve, then I guess we stick with it until some bright person thinks of something else.
The mix you describe (Scandinavian model) seems to work well in that it harnesses the greed and desire for profit and power, with the freedom to be innovative through competition and monopoly prevention, and takes enough from the very successful to prevent them from domination the system while supporting the people that made them successful and educating and caring for the next generation.
0rganism
(23,933 posts)who says it sucks? They must live in Awesomeville, Amazingstan if they have a much better system to compare it with.
Viking12
(6,012 posts)Certainly not here in the U.S.; "well regulated capitalism" my ass.
Little Star
(17,055 posts)is the best system. There really is no other better solution imo.
tralala
(239 posts)and the solution to capitalism is not more capitalism, so... I guess it's a matter of looking at the way things are developing, answering difficult questions, putting on a sandwich board that says "Go Away, I'm Insane"...
Rex
(65,616 posts)And if anyone complains...ask them why they hate our freedumbs and wave your flag in their face!
JaneyVee
(19,877 posts)Also, much higher taxes on the rich. The rich had an obscene run, time to redistribute the wealth downwards and give wage earners a shot at entrepreneurship.